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The point is that he asked "good scalper" not the best. You're giving him the yearly income of the number of scalpers that one can probably count on their two hands. A good scalper can make like 50-70k a year. The problem is that what a good scalper can make has been getting lower and lower...

Thats exatcly what I was trying to say. Great analogy.

On terms of risk, scalping is the least. Assuming you know how to keep your losses small. Bigger rewards are definitely in swing, but it's kinda hard to just jump in and be able to take those hits when the trades go wrong.

You do not understand what I am saying. If there are more GOOD scalpers, ones that do not constantly mess up trades, that's different. I'm dying for more of those. But when a short can't move more than 5 cents because all the newbies have no clue how and why the short steps, that is only bad...

Dude Get the F*** outta here with that BS Worldco hires anyone that can pass the exams and put up money. Then the newbies churn away their cap in a couple of month, get completely discouraged and leave. Of course you leave that out of the "65%-75%". There are more bitter traders from...

Hehe, forget 15 cents, after 10 cents the short gets destroyed by everyone. I loved ACF yersterday that had 100k short stepping. Moved a whole 10 cents, wow. At the end it was 10K bid (idiots limiting out) vs 100K offer. Guess which side won.

I'm completely with bandit on this one. I read what you said and you need to get more info. First of all, you are bringing up what traders made from last year. The market has changed significantly in the last few months, forget last year. Guys in our office were making at least 10k a...

Right there with you. Expect it to be my best month, ended up being my worst. Our whole office is shocked by how much worse it got. But this last week has gotten much better.

If you can last through this, once the market picks up, the experience will pay off. Too many trades started in the good times and once the bad times hit, they were dropping like flies. I'm happy that I started during the tough times. Teaches you to be consistent and safe. Very tough but...

So very true. I've been making my best trades in stocks where there is only 2-3 other traders in. Much easier to scalp a market short when there aren't any idiots constantly limiting out 1 penny below the offer.

I assume you believe that in the stock market, most people make money and the minority lose money. Dont know how that works out mathematically.

I agree (first time ever) If you trade what everyone else is trading, only a small percentage of you will make money. Learn this everyday the hard way.

Easily 500k? In a month like this? Last year is a different story. Try like 3 years ago when few were doing it. Even a few months ago it was better than this. LOL The best ones in our group make about 10-30k a month consistently. So far, it has been getting worse and worse. Lucky...

Yeah you keep thinking that BS CNBC and Wall Street Journal are preaching.

hehe so true

I doubt that. Only way to do that is to be the specialist's or market maker's friend. Unless by "without problems" he meant 50 cents or so on a stock with normal volume. Today, some idiot in FSH went market with 5,000 shares twice. He got the first print 55 cents up and the second print 65...

Cause not trading ES But that last 2 hours, especially the last half hour today was great. Wish everyday was like that all day.

Today, the volume is good again, but it does not feel like it. I'm doing good, but I'm still dissapointed.

I can hope cant I. At the least it should pick up a lot more. Most of these days are just dead with no direction.

My best ones were TIF, JEF and FSH. Some of the stocks u trade are complete pricks. Try to stay away from them. I was thinking of shorting FRX yersterday overnight after that move he made.