Is micro scalping dead?

Quote from FarkCop:

Trying to capture 1-3 cents profit as many times as possible is what I called micro scalping. But for the past year, I found out it become more and more difficult to make money. If you are using similar strategy, please give some feed back about the market status.
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I've experienced the same. In '08 and '09 I had great years where I netted 11 and 10 cts per 100 shares yet last year it was only 3 cts on 1/2 the volume. Obviously, '08 and '09 were unique years and I'm not confusing brains with a bear market :) . It's frustrating. The fear will return. It's just a question of when, not if.
 
Quote from The Ram:

Trade for pennies, you make pennies.

Trade for dollars, you make dollars.
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It's not a question of how big it is but how much you get to keep.

People should trade what works for them.
 
scalping for pennies.
can be good if you have do volume
and also have good ecn rebates.

it all adds up...but usually depends
on the volatility of that stock.
 
I trader for pennies, and half pennies when i hit bids and take offers. Hit EDGA with size on a breakdown, buy BATS mid and get a sick rebate plus nice profit. 30,000 shares gets you like 170 after the rebate.
 
Quote from pegasys1:

I trader for pennies, and half pennies when i hit bids and take offers. Hit EDGA with size on a breakdown, buy BATS mid and get a sick rebate plus nice profit. 30,000 shares gets you like 170 after the rebate.
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how are you able to subpenny?
 
I set the order PEG and peg type to primary. Then under destinations in sterling settings I set up batsmid and batsaliq or smthing like that as mid points.

I'm sure you can do it using IB or something. I clear through ECHOtrade.
 
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