What percentage or amount of points constitutes a 'scratch' trade?

[jackhulk]

Hello

I've always just logged results as either win or loss regardless of how small, but recently learnt that I should be logging the smaller p/l as scratch trades. What percentage or amount of points constitutes a 'scratch' trade please?

Thank you.

[shadowninja]

£0 profit! No?

[jackhulk]

That's what I assumed but seen people with tiny profit/loss regard theses as scratch trades.

[shadowninja]

Well, I guess that is up to you. If you're trading £1k stakes and only £1 gets filled, then that's pretty much a scratched trade even if it makes you a tick.

[PC0845]

For me I would class anything under 1% of original back stake (profit or loss) a scratch trade.

[kawasaki]

imho scratch is more time measure than quantity. it can be 50% p/l [if someone drops 50 000 in one chunk] and still it be scratch trade if you close it immediately

[Cran]

A scratch trade to me is when the market isn't moving as expected and I get out at whatever price is available, sometimes green, sometimes red, sometimes 0...

the amount doesn't matter, a scratch is a scratch...

[Temujin]

Seems to me that peoples time would be better spent in the markets rather than studying all the trades they have made to determine the terminology they need to use to describe them individually and collectively.
I might enter the market 50 times, the last thing I want to be worried about is how many of those were profitable, at what percentage, how many weren't and how many were scratch trades. At the end of the day, what does it matter? Did you make money is the only question you really need to be asking, and if you didn't, why didn't you? Whether you scratch traded or not doesn't matter, the question you need to ask is "when I closed that trade, did I make the right decision, or could I have done better?"....

Scratch trade Phratch trade........ imo

[shadowninja]

http://www.trade2win.com/traderpedia/Scratch

But I like to call mine Dave cos everyone knows Dave.

[kawasaki]

couple quick ''googles'':

''Definition:
A scratch trade is one that is closed, or scratched, at break even''

''A scratch trade is when you feel the trade is not going your way and you want to get out at or near your entry position; you are still charged a commission by your broker or trading platform provider and any points lost or gained''

''Scratch trades are a form of scalping when you are in and out of the market very quickly''

''The scratch trade is where you lay and back the horse at the same price''

but i prefer this gem :
''The term "scratching" refers to the motion of the finger against your head, typically just above the ear, when things go tits up on what you assumed to be the best trade in history.
This trading style is often used in conjuction with another widely used but not well documented style of trading known as the WTF. Typically the WTF is a combination of the
When used together, you have yourself a very powerful trading environment, guaranteed to make a lot of money. Although typically, not the person using it.'' (c)Temujin

[warriorfullights]

Log everything if you want to push yourself to the limit and to earn something for a living by placing bets daily. It will give you a recap of what you did as well as you can also understand how things go depending on what and where you trade. win/lose bets and wins always count for me.