SCALPER Mentors, Maybe you are interested?

[nitro]

Quote from Kicking:

I thought succesful scalpers had about 80 % winning trades ( see trader P&l thread these guys win on pretty much every trade!) I don't see how you can even begin to overcome commissions and the inevitable losing trades with less than say 70%

In today's markets, you can only overcome them if you have a killer comission schedule, assuming you can get more winners than losers, or alternatively, have more losers than winners but know when to let your winners ride. As soon as you start to let winners ride, you are most likely leaving the realm of "scalping."

As per your 80% on ET, all you have to do is a little math to realize that there is no truth to that number, assuming they mean 80% _after_comissions_ and not on simmulted trades. For example, say they have an 80% chance of success and are able, after comissions, to take home 1.5 cents per share. How long do you think at that rate, it would take to double your money assuming there is plenty of liquidity year after year? Remember, a typical scalper does 100K shares a day. Basically, you would own Microsoft in no time.

People make all sorts of claims, but all you have to do is back of the envelope type calculations to know they are full of shit.

nitro

 

[nitro]

Good luck with these "helpful" forums. What is amazing to me is how many people on ET are looking for tips and help, instead of learning to trade.

nitro

Quote from Samson77:

You both are right !

Trading is a solitary effort of skill vs. skill but still there are other forums and chat rooms that are far more friendly then ET.

That being said ET's harshness does do one good thing by weeding out the scumball vendors of this world very well and you must admit it's fun to argue about trading sometimes because it makes you question what you think you know about trading, which can be a good thing.

Overall I think ET just needs to stop the abusive stuff like name calling and personal attacks and it will serve the poster much better.

 

[nitro]

There is lots of good information here. But it should mostly be used to be lead in a good direction to do your own research and take your own risks, not to take a spoon a baby feed you. Ideally you learn to fish, not to be given fish.

nitro

Quote from hoodooman:

I have been helped numerous times on ET with alot of good information. Unfortunately, the direction that I wanted to go at the time was the wrong direction.

I also had a system once that was worked great. I traded the same stock as much as 200 times in a single day. I didn't care which way it was trending, I could make money consistently going long and I didn't use any technical indicators. Ten to twenty trades a day doesn't seem excessive to me.

regards

 

[nitro]

I help when I can. If there is a conflict of interest, I don't help.

nitro

Quote from ozzy:

I understand where your coming from. But I consider ET to be outside the ring more like a "sparring match" where one has an oppurtunity to learn and perfect his skills.

I realize you've sacrificed a lot and spent a lot of time and effort to get where you are. I respect that. Whether you help others or not is a personal choice.

ozzy

 

[sKaLpZ]

Quote from coolweb:

Hi,
I'm looking for mentoring for scalping futures or stocks, I'm looking for a mentor who can point me to the right direction on moving in and out of the market 10-20 times a day, and CONSISTENTLY make money with a 75% success rate for those 10-20 times.


I can pay tutition that is required, and also a commission on my profits, I am super easy to work with


Anybody interested, please message me, with your price, and requirements , experience and things.

I'm looking to also experience the trading while you trade for a few days, please no fake seminar packages or things, I'm looking for someone real, who can help someone out and benefit, and in the future I wll do the favor to many traders in return

Ah how good karma makes the world go round and round!

Hey CW,

Well, I see the local-yokal flamer morons have descended on your well-intentioned thread.

Posting wonderboys.

Scalping is indeed profitable.

It can also be one of the best strategies risk-wise.

With time spent in the open market ranging from a few seconds to a few minutes you're drastically reducing your money to market exposure.

Anytime you can do that, it's good.

I can scalp off 1000-points on EUR/USD (currencies) in a straight 8 to 12 hours of trading, when that pair typically moves 75 to 100 points, and end flat (no open positions.)

My doing this gets the losers' noses out of joint here because they can't figure out how its done.

That turns them into flaming idiots who post polls to get me banned.

I'm interesting in assisting you in your goals to become a better trader - email me if you'd like so we can discuss pricing, et al.

Kindest regards,

sKaLpZ

 

[AceRothstein]

scalping = http://www.realitytrader.com

 

[Kittykat]

They rock. Vadym is one of the best tape readers on the planet (next to me that, is. heh heh heh)

I couldn't wade through much of the "Are Women Better Traders" thread but as a woman, I have a very definite opinion on that subject Want to guess what it is?

 

[Szeven]

Just as another opinion on the thread, i scalp NYSE with a winning % of 60-65% daily. I always flat into the bid/ask and rarely take actual losses, just commision losses.

 

[nitro]

Quote from Szeven:

Just as another opinion on the thread, i scalp NYSE with a winning % of 60-65% daily. I always flat into the bid/ask and rarely take actual losses, just commision losses.

What firm do you trade for?
How many shares a day do you do?
How many times a day do you scalp?

Winning % is irrelevant if you don't make money after comission. After comission, are you profitable 60-65% of the time, and if so, are you willing to prove it?

nitro

 

[50 cent]

coolweb,

pm user "threei", he's a scalper and may offer mentorship or some other value to you.

he seems to be a successful scalper but i am not aware of his actual track record and i am not affiliated with him. just alerting you to his presence in this world, for better or for worse.

do not see this post as a proper recommendation by me. i recommend nothing.

ciao
50