What is the "official" definition of a scalper ?

Discussion in 'Trading' started by fluttrader, Jun 23, 2008.

  1. Do you really need to buy the bid and sell the offer to qualify as a scalper ? (market making style)
  2. you can't buy the bid. that is impossible.
  3. FredBloggs

    FredBloggs Guest

    yes - it's typically the minimum price move.

    market makers tend to hedge rather than hope to offset against a market that could be going against them.

  4. Of course you can , put in a buy limit order that sits on the book of the exchange
    If you are the first in the row and get hit, you just bought the bid
  5. Tums


    You did not buy at the BID.
    The ASK came down to your price.
  6. If you put in a buy limit at 1300.25 and the market comes down to 1300.25/1300.50 and someone sells when you are the first in the row , you have bought at the bid without the need of the ask coming down to 1300.25
  7. The Real Deal. All other comers are pretenders:

    <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1968711/>
  8. On 98%+of my trades I'm leaning on something. It could be all the liquidity below a certain price, it could be all the liquidity at a certain price, it could be a program that comes and goes, but whatever iti s there is some order, program, or level I'm leaning on. In my eyes, that defines my trading style (scalping).
  9. Scalper is to enter with high lots for 3-4 pips with a currenex account.

    Have a look at cyrox forum to check out the rainbow technic.


  10. bighog

    bighog Guest

    Retail accounts BUY the asked and they SELL the BID. Like it or not whenever you get filled on a LIMIT order you are behind 1 tick.

    If retail gets automatic loss of a tick then the wholesale person made that tick. The wholesale person is the market maker.
    #10     Jun 24, 2008