Learning to trade by scalping?

I learned how to trade by scalping.. I think it is a better idea than the reverse.. position then scalping.. It is easier to go from scalping to positioning then. .the opposite... I do agree that the mindsets are totally different .. but thats what makes it challenging and exciting..it is hard for a positioner to take a few cents and leave... but it isn't hard for a scalper to hold out for the run.. good luck

 

Floor Traders at Futures Exchanges are typically taught to scratch trades first, and then once a trader gets comfortable with order flow and the mechanics of getting in and out of the market, then he finds himself categorized as a scalper. If a scalper has a really strong opinion about the market, he finds himself called a position trader.

What is the difference between a tape reader and a scalper? I prefer to call it trading order flow (semantics). When you trade order flow, you get a sense of market direction, momentum, and support and resistance levels. In and out of the market like a mechanic.

 

Call it whatever you want; as long as I make enough to get paid.

 

Amen, brother.

 

i just wanted to state that scalping works. you can be net positive every day, even 100% net positive for every day in a month, for many consecutive months. last month i had one down day of -105 bucks. i trade light volume nyse stocks exploiting bullets, limit nx & nyse open book. i know of roughly 20 people trading like this in nyc. very rarely does anyone i know have a net down day, especially lately.

I am and looking to train a few people in a very consistent & intricate trading style. Our small group of NYC traders offers a rare environment of low risk with consistent rewards. imagine being up net everyday! we are doing it everyday. i invite any serious traders interested in joining us in NYC to watch us in action. Please contact me.

 

I use IB for my daytrading scalping

what might I ask are you and your fellow traders charged
for commissions for 100 shares , 1000 shares , options etc ?

Are all of you retail specs or part of an LLC ?

 

Stockman, how do use open book to your advantage?

 

well my commission structure is pretty low. i trade directly for my clearing agent. we are considering opening up and llc for tax purposes. either way i could probably offer you better rates. i am run the desk.

 

read my posts in the open book thread.

 

The only successful scalpers I know are the ones trading lower volume NYSE stocks for relatively small shares (400-1000 shares). They are not even "true" scalpers because they use technical analysis a lot for high probability entry points. The ones who scalp NASDAQ stocks are only making big profits for their firms in commissions and stressing themselves out with their hyperkinetic, video game style. Scalping as a viable technique for NASDAQ stocks died out in 2001.