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Thursday, July 10, 2008

Scalping Realities

Challenge Accounts:

Investing Account Balance:
$188.45
Stock / Futures Trading Balance: $915.61
Online Savings Balance: $37.30

Personal Trading Thoughts: Watching SoyMeal today for a possible short ... It could happen anytime within the next few days ...

Personal Investing Thoughts: Overall, I'm just watching and waiting. Summer is here, and the market is generally weaker in the summer, so I'm not a buyer. Many years, I turn my DRIP off in the summer, and receive straight cash. But not this summer. We've been in a bear market, and the market is offering bargain prices on many stocks. Therefore, my DRIP will remain on, so that I can accumulate more shares at better prices to DCA ...


I had a video a while ago that dealt with being either a position / trend trader? Or a scalper, and the differences in both ability and psychology.

I want to talk today a little more about the 'realities' of scalping ...




* * *

Investing Account Balance: $188.45
Stock / Futures Trading Balance: $915.61
Online Savings Balance: $37.30


Total Trades: 4
Largest Inter-trade Drawdown: $86.51
Consecutive Losing Trades (Drawdown): 2
Average Drawdown: $65.50
Average Loss: $79.84
Accuracy Rate: 25%
Average Reward: $179.75
Risk : Reward Ratio: 1 : 2.1
Trading Money Gain / (Loss): Down - ($59.68)

This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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