Scalping...
- Thread starter jlcarey1
- Start date
You position trade NYSE stocks. There are many ways to slice a duck, position trade say GE from $26 to $29, or day trade GE 10, 15 cents on 1000 shares, that's $150 minus the commish, or 10,000 GE on 15 cents, that's a cool fifteen hundred bucks in few minutes. Read the CNBC tapes, ten, fifteen thousands share trade happened every second.
What non-crap NYSE stocks would you recommend for scalping?
"What non-crap NYSE stocks would you recommend for scalping?"
There are many, the topic is "scalping".....as long as the stock move, there's opportunity to scalp, whether it's long or short, all depends on your skill
For instance, GE this morning, open 29.8, low so far 29.4....say 10000 shares, that's four thousand bucks
There are many, the topic is "scalping".....as long as the stock move, there's opportunity to scalp, whether it's long or short, all depends on your skill
For instance, GE this morning, open 29.8, low so far 29.4....say 10000 shares, that's four thousand bucks
BS
It's simple laws of averages.
Most of these high volume stock specialists are pure assholes and absolutely hate day traders. The stocks are also too volatile and it's hard to know whats going on most of the time. There is too much competition. Just look at their choppy charts, they are ridiculous. That specialist does whatever he wants because there will always be volume regardless. He is gonna screw everyone he can because he does not need you to make money. Actually I think the AOL guy knows that company is going downhill soon so he is trying to rake in as much as possible now.
One that is just a complete dick is LLY. Even if you are on the right side of the trade, you are gonna get the worst fill. And if you are on the wrong side, you get demolished. So if you keep trading that stock, you are gonna lose, no matter how great of a trader you are.
I prefer stocks 1mil daily volume or less. Some of these really illiquid will move hard on size that means absolute zero to the big stocks.
It's simple laws of averages.
Most of these high volume stock specialists are pure assholes and absolutely hate day traders. The stocks are also too volatile and it's hard to know whats going on most of the time. There is too much competition. Just look at their choppy charts, they are ridiculous. That specialist does whatever he wants because there will always be volume regardless. He is gonna screw everyone he can because he does not need you to make money. Actually I think the AOL guy knows that company is going downhill soon so he is trying to rake in as much as possible now.
One that is just a complete dick is LLY. Even if you are on the right side of the trade, you are gonna get the worst fill. And if you are on the wrong side, you get demolished. So if you keep trading that stock, you are gonna lose, no matter how great of a trader you are.
I prefer stocks 1mil daily volume or less. Some of these really illiquid will move hard on size that means absolute zero to the big stocks.
Quote from Moohead:
"What non-crap NYSE stocks would you recommend for scalping?"
There are many, the topic is "scalping".....as long as the stock move, there's opportunity to scalp, whether it's long or short, all depends on your skill
For instance, GE this morning, open 29.8, low so far 29.4....say 10000 shares, that's four thousand bucks
This may help you.
http://www.trade-ideas.com/GettingStarted.html?name=Scalp+Trader
Quote from Moohead:
"What non-crap NYSE stocks would you recommend for scalping?"
There are many, the topic is "scalping".....as long as the stock move, there's opportunity to scalp, whether it's long or short, all depends on your skill
For instance, GE this morning, open 29.8, low so far 29.4....say 10000 shares, that's four thousand bucks
Oh yeah its so easy to get on the right side of GE with 10000 and hold through as he does his choppy moves to see yourself heavy in the red.