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candletrader, I'm not simply paraphrasing you. I question whether anyone can make the right scalp call somewhere in the neighborhood of 70 times out of 100 calls. This means that you make the call, and the price has to go up 20 cents before it goes down 20 cents... 70 times out of 100 trades...

>"HITMAN'S CONSERVATIVE STRATEGY: Let us suppose Hitman's conservative NYSE scalping strategy scores 70% of the time, and when he scores he makes $300, and when he loses he loses $100... then, on average Hitman can expect to make the following amount per trade: (70%x300)-(30%x100) = $180...

http://www.pristinelatin.com/expo2.htm

Interesting comments at the bottom of this page...http://www.pristinelatin.com/expo2.htm

candletrader, I respectfully disagree with you but will change my mind in the face of a persuasive argument. First of all, you assume w/o supporting evidence that Hitman's NYSE scalping strategy will produce a higher percentage of wins. Why should it? What inherent in those stocks would...

CORRECTION! SEVEN calls by Millennium-Traders scored better than 1+ points (several 2+) Friday, in addition to that 17 1/2 point short! Now who was is that said it can't be done? HA! tradeRX

crazy_trader, Missed that one. Wished I hadn't. Millennium-Traders (the pay per view chat room) called the short perfectly, right from the get-go. They made 17 1/2 points on that one short alone. WHAT A HOME RUN! That in addition to several other 1+ calls. Nice day for them. I don't use their...

macal, what are you talking about??? tradeRX

Man the hostility can get high on this board at times. Why are you guys jumping on me with both feet? Sniper_Trader, Congrats on your victories, that's a tidy sum for two days work. I have no doubts your expertise and experience dwarf mine. But I think you misunderstood my remarks to...

tymjr. Hey, lighten up on Hitman....he's a "Pro" "Pro"=someone who trades with someone elses money 'cause he doesn't have any of his own. I'll think I'll remain an "amateur"... 8-) $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Magna. Don't...

You can't grab a point or two with all this movement? ...And this is just ONE "fast mover".

Hitman, Do I detect a bit of sarcasm in your post? You can't net at least ONE point (or maybe two or more) points off NAS fast movers each day? My GAWD, yesterday, SEBL practically fell STRAIGHT DOWN! Where were you??? Chasing some NYSE "elephant" for 20 cents?? Today, NVDA ran up...

If I recall correctly, I got in SEBL @40 or so and out around 36. Not quite 4 points, almost. SEBL was weak, and @ about 10am the NAS started selling off. I really don't understand the skepticism, you could have made money shorting ANYTHING then! I grabbed SEBL and hung. What's the big deal...

CORRECTION Shoulda' got FIVE points NVDA...3 LONG, 2 SHORT.

Ken Calhoun recommends trading his style of breakouts/breakdowns. He nails a lot of winners this way. For instance, today you could of made a killing. About 2:30, damn near everything on the NAS broke out. Can U say MULTIPLE POINT WINS!!! BTW, anyone ever hear of Ken Calhoun? 8-) tradeRX

Tailspin has been daytrading a cash account at IB for over three months now.... check it out>>> http://www.elitetrader.com/vb/showthread.php?threadid=1051&pagenumber=8

Rock, thetruth. Hi. Shortboy could find only two or three good shorts that fateful day? Is that all he came up with? Seems to me many more to choose from. What am I missing here? tradeRX

praetorian, What, you don't want to make an easy $500,000 to $1,000,000 per year? You must be wealthy and do this for fun...lol.

dozu. How would you do automated trading? What kind of hardware/software is required? How is this accomplished?

**************************************************************** Rock baaaaaaby, You are OK in my book. U speak from the heart and w/o pretense, imho. I don't even mind that you have assets. Hell, we all got assets, don't we? That's why we're here. To get even more! hehehe. Now, if you'd...