Well, I am half way through the first month and these stats will blow your mind a bit and further the idea that what I am doing is foolishness and has little chance of succeeding. I am a confirmed scalper. I plead guilty as I made 64 trades Friday during the period 8:30 to 11:00 when I called it quits for the week. Here is the break down of the time spent in my trades:
17 Trades held 1 to 20 seconds
18 Trades held 21 to 30 seconds
16 Trades held 31 to 60 seconds
11 Trades held 61 seconds to 120 seconds
2 Trades held over 2 Minutes
LOL! I guess my trading philosophy is that you can better predict the direction of a stock price for the next 30 seconds that you can for the next 3 hours. I will finish the month and post my July results. Then a determination will be made if it is worth going another month.
17 Trades held 1 to 20 seconds
18 Trades held 21 to 30 seconds
16 Trades held 31 to 60 seconds
11 Trades held 61 seconds to 120 seconds
2 Trades held over 2 Minutes
LOL! I guess my trading philosophy is that you can better predict the direction of a stock price for the next 30 seconds that you can for the next 3 hours. I will finish the month and post my July results. Then a determination will be made if it is worth going another month.
