Discussion in 'Trading' started by DayTraderNYC, Aug 22, 2002.

  1. What are people's thoughts on the best ways to take a few cetns out of the market per position..? I made good money today doing just that: making 10 - 25 cents per position and repeating all day long. The method I used was "range/channel" trading. I noticed that OMC was trading back and forth in 50 cents range towards end of the I just bought at the bottom of the range and sold at the top of the range. Worked 4 out of 5 times. Still ended with net profit of 75 cents total.

    If I could have a few set-ups where the probability of making a few cetns is great, then I can see myself taking that trade and repeat all day long...If I could make $100 - $200 per trade, That's a nice, "safe" way to daytrade.

    Besides trading a range/channel, what other scalping methods are out there? It would have to be a trade that offers high probability of instant profit...albeit, small profit.