Stock Scalper's P&L

Which type of stock trading yields consistent profits?

  • Scalping (held for few minutes)

    Votes: 61 55.5%

  • Day Trading (held for at least an hour)

    Votes: 20 18.2%

  • Swing Trading (held for few days)

    Votes: 29 26.4%
  • Total voters
    110
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stockman those results are pretty accurate, most earlier bought more shares and were down,, the last trade really made everyone a good day...I made about what the total is you posted...Winter and a few other new people were there and said they will post later to verify this...

BEST NEWS, HE CLOSED THE ROOM, NO MORE NEW MEMBERS! Better than winning, almost!
 
up 1100 net on 122k shares traded....seemed like news mostly

MO was a nice- liquid- volatile trade accounting for most, but im mad because I was long that thing right before it exploded early on.

TOM +.30 in about 1 min
early as well

AIG Picked low of day but cut it too early

seemed like most profits came on the long side today after the opposite yesterday. Im not in any "room" except my bedroom where my workstation is,
but best to you guys whackin it in your trading chat room, good stuff
 
Quote from dafishman:

stockman those results are pretty accurate, most earlier bought more shares and were down,, the last trade really made everyone a good day...I made about what the total is you posted...Winter and a few other new people were there and said they will post later to verify this...

BEST NEWS, HE CLOSED THE ROOM, NO MORE NEW MEMBERS! Better than winning, almost!
More...
Ok, today was the first day of my 2-day free trial. The room leader is excellent - very straightforward, no nonsense. His calls are buy @ market or buy @ xx.xx (limit). Exits are posted the same way - no vague calls. After entering or exiting a trade everyone in the room posts their fills so I was able to confirm that the posted results are real (beyond my own experience).

As it was my first day I didnt take all trades, kept my size somewhat small (200-1000) and exited one trade early (locked in profits short of target which was eventually hit). That's just an issue of me getting a comfortable with the format and style. After seeing the room performance today I have no doubt that all the previous posts by stockman were completely accurate.

Stockman thanks for hooking me up with the room.
 
Yeah, phew, too bad we all missed that room that is now closed. Let me find the tallest building to jump out a window from...

For those that also missed this chatroom, I will be opening up a chatroom of eligible buildings to jump from for all of us that are depressed over not being able to get in this other chatroom, but you have to be quick, my jump from the tallest building chatroom will be closed soon. Calls will look like this: Jump head first with arms spread wide like you are an airplane, or, do a back flip onto the concrete like Nadia Comenice. Well, you get the idea...

nitro
 
Nitro, Thanks for taking the time to post a nice joke:D :D :D
It really shows how productive some ET members are:D

RNR, thank you. As suspected, you did better, scalping those NYSE stocks. Way to go !
 
nitros post is nominated for post of the year. I am still laughing so hard, tears are coming out my eyes still...Wow what a funny guy! I love it!, please post more!
 
LOL :D dafishman, i agree

RNR, you are doing so many shares. 100k+ shares, what about commission?. i suspect commissions should bite into profits a bit?:eek:

Just wondering how high volume traders like you overcome the commission burden. Maybe you get rebates?

Stockman007
 
Quote from nitro:

Yeah, phew, too bad we all missed that room that is now closed. Let me find the tallest building to jump out a window from...

For those that also missed this chatroom, I will be opening up a chatroom of eligible buildings to jump from for all of us that are depressed over not being able to get in this other chatroom, but you have to be quick, my jump from the tallest building chatroom will be closed soon. Calls will look like this: Jump head first with arms spread wide like you are an airplane, or, do a back flip onto the concrete like Nadia Comenice. Well, you get the idea...

nitro
More...

Sign me up. I want to do a cannonball jump.
 
Hey stockman,
yeah I definately churn a bunch, not good at holding any positions, just kind of hit and run trading, but I NEVER hold losers. I pay about a half cent all in which is prolly about right for my share volume. Today,+1k net on 40k, made it all catching the clean up low on MO. Were gonna shut down because I have to dig a trench in my backyard before heading out with the family on our 1 week annual vacation.

Next week I hope you all continue to navigate your way to profits through the summer trade
 
Today's scalps

MATK +.10 [1000 shares]

Profit on day after commissions: $70
Total Time in Market: 5 mins

Very dull day to scalp.

Stockman007

RNR, good work, amazing though. In this friday market, 1k made. Thats nice.

Stockman007
 
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