End of scalping career, before it even begun ?

[Nobert]

Please correct me if I have the wrong impression - are you trying to quite literally 'scalp' ten different names in the same trading day ?

i just can't find a better word to describe this type of trading

I do 50/60 trades per day for practice purposes ( everything is done on TDA or IB demo's ). Testing stratagies etc. With a real account , i will be doing swing trading, longs, 1 position per week/month, because $25 000 rule is not met yet.

 

[bone]

I do 50/60 trades per day for practice purposes ( everything is done on TDA or IB demo's ). Testing stratagies etc. With a real account , i will be doing swing trading, longs, 1 position per week/month, because $25 000 rule is not met yet.

I started my trading career scalping in the Bond Pits. I have sat in the same offices as literally hundreds of electronic scalpers. I have never personally met a really good one who could trade (scalp, that is) more than one market. True legitimate scalping in the literal sense of the word requires intensive focus and concentration on the DOM order book. And for all the big swinging dick scalpers I've personally met over the years it was one order book. Having said that, most usually had ancillary order books up for related (correlated) products for market awareness purposes - but again they were only actively trading one market name.

So, for example, a Ten Year Note Futures Scalper (ZN) would have up for the purposes of correlated ancillary information the BrokerTec and Cantor Fitzgerald On-the-Run Ten Year Cash order books, the ZB and ZF order books, the ES order book, the ICE Dollar Index, the Comex Gold order book, and a filtered news feed.

We also paid for a very good bespoke fixed income (sovereign debt) securities analysis service. They were most helpful keeping us apprised of the market fundamentals (like structural changes in the yield curve and basis; Fed auction results, Beige Book and Civilian Employment forecasts, etc.) and carefully parsing Treasury reports and then condensing all that into something a trader could use.

 

[Nobert]

52 weeks volume was green. LOL .

... Well that's creative, maybe, they would come up with excuse, ,,...That was printing mistake'' , or ,,We had no red colour left so...''

Hmnnn , reminds me of one trader, im not sure it was from Chat With Traders or Market Wizards, ( how did he got interested into trading at first place ) , - he received a paper mail ad in his post, with a farming stock, that offers 1 mil returns from $2 000 or something, and even better, in 6 months.

Sorry if i got the numbers completely wrong, but idea is the same. The marketing works and im not sure, what they were planning to grow, but CGC would be jealous.

 

[murray t turtle]

... Well that's creative, maybe, they would come up with excuse, ,,...That was printing mistake'' , or ,,We had no red colour left so...''

Hmnnn , reminds me of one trader, im not sure it was from Chat With Traders or Market Wizards, ( how did he got interested into trading at first place ) , - he received a paper mail ad in his post, with a farming stock, that offers 1 mil returns from $2 000 or something, and even better, in 6 months.

Sorry if i got the numbers completely wrong, but idea is the same. The marketing works and im not sure, what they were planning to grow, but CGC would be jealous.

%%
I like red white+[ blue, which is a substitute for green,LOL]And a 50 day average, usually red .
i dont view magazine cover s like most traders do. Afa radio laughed + noted Bloomgurg Business magazine had a red tie hitting the ground about 7 timers or whatever-so many went long maybe LOL.
Tech Analysis Of Stocks & Co.......magazine for Jan, 2019 had; Moon Rocket Going Up = NasdaQ QQ, +Inverse /Bear ETFs...............................................................................May not help scalping .And when i look @ DOW/DIA, which is not very often, LOL; i measure or use SDOW. May not be liquid enough to scalp-but that fine with me.NOT a prediction

 

[ironchef]

I started my trading career scalping in the Bond Pits. I have sat in the same offices as literally hundreds of electronic scalpers. I have never personally met a really good one who could trade (scalp, that is) more than one market. True legitimate scalping in the literal sense of the word requires intensive focus and concentration on the DOM order book. And for all the big swinging dick scalpers I've personally met over the years it was one order book. Having said that, most usually had ancillary order books up for related (correlated) products for market awareness purposes - but again they were only actively trading one market name.

So, for example, a Ten Year Note Futures Scalper (ZN) would have up for the purposes of correlated ancillary information the BrokerTec and Cantor Fitzgerald On-the-Run Ten Year Cash order books, the ZB and ZF order books, the ES order book, the ICE Dollar Index, the Comex Gold order book, and a filtered news feed.

We also paid for a very good bespoke fixed income (sovereign debt) securities analysis service. They were most helpful keeping us apprised of the market fundamentals (like structural changes in the yield curve and basis; Fed auction results, Beige Book and Civilian Employment forecasts, etc.) and carefully parsing Treasury reports and then condensing all that into something a trader could use.

Mom and pop retail scalpers are doomed.

 

[SunTrader]

The more pseudo scalpers the better - for us.