Hyenas = scalpers = supreme opportunists In and out quickly taking small bites at a time, banding together to ward off smaller alphas (eg. lioness = retail investors), but always looking behind their back for any surprise attacks from bigger alphas (eg. male lions = institutions)
%% LOLI would say the road builders + nickle snatchers do a better job than the song dogs, on average . Chief Sitting Bull + running bear+ Annie Moses Oakley did much better than average scalper No wonder, road builders limit thier time to about 40 hours or less, workers anyway. Even though the road managers may work better than that.[I used general business patterns + Fed\Fred data since 2008]
I've heard this said about selling options premium (naked). I don't think it applies to day trading (scalping) as your R:R can be the same as swing/position trading. Some will argue that it's is the other way around - you are unlikely to experienced large gaps intra-day, but very likely overnight.
Both my Brothers-In-Law - are American Indians (Flathead and Kootenai) - they taught me the correct way to Scalp. Get in - Scalp - get the hell out of there before the calvary comes. I said in my old thread - we were hell on tourist - LOL.
%% AND think twice + measure much more than 7or seventh @ ''Little Big Horn'' Those mountain lovin' big horn sheep are some thing else LOL
If someone has mastered scalping good for them,more power to them. It just seems like an edge-less style of trading and not something I would be interested in.
But seriously ,what is a Scalp? I'm in and out in about 4-5 min if a double Fib maybe 15-20. am i scalping?
Did you ever watch any of the movies about the battle? I grew up - just south of Glacier National Park - our property was up against a Wilderness - you couldn't build behind our property. We often saw big horn sheep - had bears - including Grizzly - on our property. There were always Deer - Elk - Moose etc. on the property - unless there was a Grizzly in the area. You had to take a gun with you - just to go to the Outhouse. Our address - was "at the End of ............. Trail" - No Number - LOL. We had relatives - back in New York state - they couldn't believe we didn't have a Street Address. Back in the 1960's - some relatives from New York - came out to visit - we took them up over Going To the Sun highway - in Glacier National Park. On woman - was sitting in back - near the window - and when she saw the drop off - maybe just a few thousand feet down - she went crazy - thought she was going to have a heart attack. To us - it was just a normal thing.