How to scope out where other scalpers are?

Discussion in 'Trading' started by Marc to Market, Nov 12, 2002.

  1. John Q Public

    John Q Public Guest

    I am not up to speed no all of this, so please excuse my question. But if the other traders are so deceitful, then why trade with them?
     
    #11     Nov 13, 2002
  2. tracedef

    tracedef Guest

    If you scalp all day and you would rather bid a little over .05 instead of going all the way to .06 (say to get out of a short), that penny can add up. One cent on five thousand shares is fifty bucks............If you're doing this all day and you're only really trying to make five, ten, fifteen, twenty - five cents.....whatever, this stuff adds up. Nothing wrong with being efficient. :D
     
    #12     Nov 13, 2002
  3. When you see them doing this to you, try this..

    Put in bids/offers the opposite way you want to trade, then when they jump in front of you - pick them off. You do run a risk of getting hit yourself, but in a slow mkt this can work pretty well.
     
    #13     Nov 14, 2002