Intraday Scalping Strategies

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LeesonTrader

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I was wondering what strategies you intraday scalpers use. I am referring to very short period trades.

Personally I watch the E mini Naz futures and the E mini S&Ps, and of course the L2. TA is hard to do on such a time frame. Does anyone out there trader contrarian style?

Often a futures rip, and stock rip will bounce back a couple of cents....I mostly trade SUNW.
 
why sunw? it's a five dollar stock that is super thick. are you immediately re bidding or offering the stock. Do you use a lot of invisible orders.

also what trading platform do you use.

haven't scalped in a while.

just curious.

cheers.
 
SUNW is pretty good because it follows the futures well and offers potential for ECN rebates too. I usually hide ISLD or use INCA when bidding or offering. CSCO also works well.
Sometimes I immediately rebid or offer, but on big moves retailing in and offering out is important to do.
 
Today for a while SUNW did the exact opposite of the 2 futures I mentioned earlier. What generally makes a stock do this other than large institutional orders?
 
Originally posted by LeesonTrader
Today for a while SUNW did the exact opposite of the 2 futures I mentioned earlier. What generally makes a stock do this other than large institutional orders?
More...

People.
 
just kidding...

i never get concerned when my naz stocks diverge from the futures. normally it just means that the stock is at sup/resistance or is oversold/overbought.
 
tape reading is king for listed scalping.....i guess the most obvious is detecting a market short seller with size and front running him until he starts getting taken. This is the gravy for a lot of scalpers i know....how ever, these are quick opportunities with all the vultures canvassing the same carcass so you have to be quick....they love those nx orders
 
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