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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (10985)	12/17/2000 5:48:37 PM
From: booters	Read Replies (3) \| Respond to of 18137

published statistics on the subject that scalpers have the highest failure rate of any trading strategy. What are the chances this is true because most new traders try to, or are encouraged, to scalp. If all else were equal are you sure scalping would still have the highest failure rate? I think many new traders and particularly the young ones like the action of scalping and also what appears to be the minimal risk since many start with small accounts. Something else that maybe of interest in this subject. After reading the latest post and the definitions of scalp and swing I think I am a swing trader but of very short time spans (10 to 15 trades a day in the NQ's ). I have done a great deal of testing lately to try and quicken my exits for what on the surface appears to retain a larger portion of the move. Any shortening I have tried ( and they are many ) reduce my overall profits a great deal. I have found that grabbing a few extra points on many trades does not come close to the money made by being there when those few big moves come. So even though I am a scalper at heart I have learned to sit somewhat calmly during the frequent and small bounces, waiting for the bigger move. I am not arguing that swing trading is more profitable than scalping, just that I can not make it so and have tried very hard. I may just be a better swing trader than a scalper. Or, during my years of watching the charts, have just gravitated more toward the swing trade set up that does not lend it self well to scalping. (But what I'd really like to be is a scalper <gg>). Just some ideas, boots