Is micro scalping dead?

Quote from MohdSalleh:

Yes i trade in a similar way, although 1 cent is nuts, i do between 3-10 cents.
Anyway you are correct, this year has been extraordinarily difficult, the reason is liquidity has completely dried up. What we are doing is esentially scalping order flow and order flow is non-existent. i have no idea what stocks you are trading, but many "hidden" liquidity orders in MANY MANY stocks are simply gone, the flashing arcas flashing island hidden islands, many have been greatly reduced in size. They simply do not wish to fill any orders anymore. The small cap space has been completely DECIMATED.
Actually you will probably not find many answers here as most in the ET community are either paper traders, retirees with an investment account(and PLENTY of time) or at best, intra day position traders, very few true scalpers are around anymore.
The investment community's response to the Obama presidency has been stunning, and i Do not feel as long as this man is in charge, good days will return for us.
I switched to scalping ISRG and STRA to eke out a living, but beware you might have to hit/take across large spreads
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Very good post.

The game has definitely changed in 2009.

The flashing orders rarely trigger bots to fill anything anymore. What will those poor Swifties do?
 
Quote from MohdSalleh:

Yes i trade in a similar way, although 1 cent is nuts, i do between 3-10 cents.
Anyway you are correct, this year has been extraordinarily difficult, the reason is liquidity has completely dried up. What we are doing is esentially scalping order flow and order flow is non-existent. i have no idea what stocks you are trading, but many "hidden" liquidity orders in MANY MANY stocks are simply gone, the flashing arcas flashing island hidden islands, many have been greatly reduced in size. They simply do not wish to fill any orders anymore. The small cap space has been completely DECIMATED.
Actually you will probably not find many answers here as most in the ET community are either paper traders, retirees with an investment account(and PLENTY of time) or at best, intra day position traders, very few true scalpers are around anymore.
The investment community's response to the Obama presidency has been stunning, and i Do not feel as long as this man is in charge, good days will return for us.
I switched to scalping ISRG and STRA to eke out a living, but beware you might have to hit/take across large spreads
More...

MohdSalleh,

Thank you for your great post. I do notice the liquidity has gone. I don¡¦t scalp for a certain stock for quite a long time, simply flipping and search for opportunity then hit and go. Probably its time to give up the strategy.
 
Quote from NY0BScalper:

Very good post.

The game has definitely changed in 2009.

The flashing orders rarely trigger bots to fill anything anymore. What will those poor Swifties do?
More...

NYOBScalper,

I am no longer a Swifties but do trade in their methods, and you are damn correct, what should we do? (Laugh with bitter)

Thanks for your comment that give me a little bit confidence which indicate it is not my skill problem but the market is changing.
 
For those who trade in pennies, do you mind saying if you use market or limit orders? When I worked at Titletrading, I used market orders on SSO using BATS. I only paid one penny spreads (most of the time, but that was months ago lol). Do you try to buy on the bid and sell at the ask?
 
Quote from clambill:

For those who trade in pennies, do you mind saying if you use market or limit orders? When I worked at Titletrading, I used market orders on SSO using BATS. I only paid one penny spreads (most of the time, but that was months ago lol). Do you try to buy on the bid and sell at the ask?
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Well, for me I use both. Depend on situation.

And yes I do try to buy on bid and sell at ask.
 
glad u finally figured out the bots have torn you a new one.

they see the flow b 4 u , and they take the stock b 4 u know what hit ya.

sux dont it

i been telling you this was happening for years.
 
Quote from FarkCop:

NYOBScalper,

I am no longer a Swifties but do trade in their methods, and you are damn correct, what should we do? (Laugh with bitter)

Thanks for your comment that give me a little bit confidence which indicate it is not my skill problem but the market is changing.
More...

Hang tough. Live cheap. The market is cyclical. Liquidity will come back and by that point most the daytraders will have blown out; those who survive will get a chance to kill it.
 
Quote from stock777:

glad u finally figured out the bots have torn you a new one.

they see the flow b 4 u , and they take the stock b 4 u know what hit ya.

sux dont it

i been telling you this was happening for years.
More...


this guys a fukkin genius
 
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