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Okay Conuck just out of curiosity. How profitable are you scalping for .06 -.12 per trade minus commissions. How many share do you trade per transaction and per day. How much capital do you trade with? Are you charged on a per share or per ticket basis.

Yeah why don't you go to your local savings bank and tell them you want to borrow some money to daytrade.

Look I know people who were making in excess and I mean way excess of a half a million a year in scalping NAZ stocks but since decimalization these same people are not doing very well. Sure is it possible to scalp NAZ stocks for .06-.12 profit , maybe. But if you can do it and if anyone out...

I have to agree with qwiktrade, I believe the 1:1 ratio works very well when market or regulatory conditions do not change. The fractions to decimals was a great example. It didn't matter whether or not the market was in a bear, bull or sideways market one could always make money. Then came the...

Scalping Nasdaq stocks are you joking. The only ones who would recommend scalping Nasdaq stocks are chop shop owners who try to take advantage of kids out college. Who cares if Goldman Sachs is on the bid or offer--what a bunch of BS. I don't even consider that trading anyway. Scalping and...

Does anyone know what site posts the S and P cash? Thanks The Shortee.

Thanks Tony for your response. Wow that's a amazing you that never had a real big losing trade. Did you ever have at least one losing trade at all this year?

Hey Tony do you think it is possible for you to show us like one of your big losing trades or has that never occured

Dave that's a fascinating way of trading but I got to tell you I can't ever imagine anyone making money in the long haul with that style. Well let me put it this way I certainly couldn't. By the way how was snowboarding yesterday.

Thanks Don for your response if anyone out knows anything about First NY Securities I would appreciate it. I read somewhere that they are one of the best trading firms in New York. rigorous training program and high success rate.

Don what do you know about First New York Securities. I heard that they calim they have the best traders also. By the way Don, although I would of liked to get a better expalanation from you on the opening ( ie. FV) the fact that you did initiate the thread was very helpful to me. You see...

Thanks again Mike. The Shortee

Well here are my opening orders today. Shorted 1000 shares of GPS at 17.00 Covered 500 shares at 16.53 Covered 250 shares at 16.24 Still holding 250 shares will watch Shorrted 500 shares of HC at 22.51 Covered 250 shares at 22.01 Still...

Okay Pitbull better yet I'll give cryptic messages and entice the others to figure for themselves.

Okay according to Todays S and P fair value it is 1.20. I guess it's to early in the morning to start the calculations. I would like to do this practice run together. So lets get out our calculators.

Is this true out of all the trading firms the best traders are from either First NY Securities or Schonfeld. I mean do they have the best training program. These companies just don't take anyone off the street like every other shop they hand pick who they want and give the a rigorous 18 month...

MIke thanks. I notice you divided the S and P cash into 4.55 as opposed to the S and P futures. Is this correct?

Talking about Kohls. It seems every time I go in this store I am the only one shopping . No help and no customers but they are growing like leaps and bounds go figure. Maybe it's the area I live in. I will be investigating along with my accountant buddy on how they report their numbers. Any...

Kinda of wish I kept the full 1000 at 70.4 but I'm glad I coverd. I am upset I didn't short some more when it spiked in late morning to 70.39 then went straight down from there.

Still am holding my 250 share short position on KSS. Shorted original 1000 at 70.40. Covered 500 at 69.99 covered 250 at 69.74 and still holding on left over short of 250 KSS overnight. By the way I am Short HC (Hanover compressor) from 24.5. This is a pure fundamental play long term short...