Scalper 250 to 500 trades per day

lokkeilaw · Jan 25, 2006

It is possible to scalp and do 250-500 trades. I do so by:

1. Being able to trade any stocks (even the low volume ones)
2. Go in with small share size (so you go in and out without notice)
3. Strict adherance to the two cent stop loss (sometimes I feel the market maker fake me already, so I just get out right the way)
4. Use stock alert softwares (you find your own, I don't want to advertise the one I use for free) to give you more coverage.
5. No hesitation
6. No greedy

joeyata1 · Jan 25, 2006

the last 5 weeks i've been trading 1000-2000 times every day scalping 100-300 share lots on goog,aapl sndk,brcm etc? it's been working well but its very tedious.i did this for 3 solid years from 99-2002 and got burned out. i'm only doing this because there's been volatilty. its makes mush out of your mind at days end

vulture · Jan 25, 2006

Quote from joeyata1:

the last 5 weeks i've been trading 1000-2000 times every day scalping 100-300 share lots on goog,aapl sndk,brcm etc? it's been working well but its very tedious.i did this for 3 solid years from 99-2002 and got burned out. i'm only doing this because there's been volatilty. its makes mush out of your mind at days end

I thought that you had "transitioned" into mainly a longer term spec. with a portfolio of deep ITM LEAPS positions on stocks you felt were ripe for the taking.

ChaosNSX · Jan 25, 2006

Thats why you need a good soundtrack playing during the day.

Quote from joeyata1:

its makes mush out of your mind at days end

joeyata1 · Jan 25, 2006

i'm still doing the itm leaps but with all the volatility the trading bug took my mind over. lol just a phase i'm going to pike down to 200 or so trades a day soon. actually i had some nice leap put plays in unh and aapl that worked well

wareco · Jan 26, 2006

Quote from joeyata1:

the last 5 weeks i've been trading 1000-2000 times every day scalping 100-300 share lots on goog,aapl sndk,brcm etc? it's been working well but its very tedious.i did this for 3 solid years from 99-2002 and got burned out. i'm only doing this because there's been volatilty. its makes mush out of your mind at days end

that's a trade every 12-24 seconds for 6.5 hours. Who are you trying to kid?

mahras2 · Jan 26, 2006

Well he could be a large quant HF with a lot of cash and great systems to boot. But I would doubt that.

Steelhead · Jan 26, 2006

i did 300 trades today, was struggling, ate about 10 pieces of nicorette and had to go to the hospital for heart palpatations

nononsense · Jan 26, 2006

Your brokers must love you guys.
In fact what is your ratio of Net Profit versus Commission?

gnome · Jan 26, 2006

Quote from nononsense:

Your brokers must love you guys.
In fact what is your ratio of Net Profit versus Commission?

And what about the IRS requiring each and every trade be recorded on Schedule D?