Tonight, 4 round-trips (two longs and two shorts), all winners. Gained 2 point in 1.5 hours. ES moved back and forth between 996.25 and 995.
BTW, scaled out QQQ Oct 32 Puts opened a while ago. It’s a losing position, but this recent drop is definitely an opportunity to reduce the loss.
Tonight, ES moved between 1026.25 and 1025.25. Six round trips for 1.5 point. Each tick is $12.5 – $4.8 = $7.7. The commission cost is too high for this kind of scalping. However, it does not require much attention or time attending the scalping process. You can scalp it while reading a book or blog on the web:-)
I have been doing some experiment on scalping ES at night. The result has been great. All winners no loser. Most of time, ES does not move a lot. I guess it could move big if there’s news from other part of world where it’s daytime. I plan to write a program to automate the scalping.
EBAY: Target 56 and Stop raised from 50 to 52 since it moved in my favor (half point above break even point).
Covered ES last night @999.75. P/L: 0. Today, ES went up all the way to 1012.25, then reversed and closed down to 992.50!
Shorted ES @993.
Shorted ES @ 999.75 last night. Stop @ 1010. P/L = -3. Day’s range 1009.5 – 1001.75, close @ 1002. It almost hit the stop!