Stock Scalper's P&L

[stockman007]

Hi, I just recently started scalping stocks after years of swing trade losses. I have been doing great with small accumulated profits. Very happy that I found elite trader because I want to know if there are other consistent stock scalpers who are willing to share scalping ideas. If you are a fairly good scalper, please post your daily gains/losses. I am not asking for your statements. An honest gain/loss detail per day with which stocks you have scalped will be very helpful. I will post my profits/losses and the stocks I have traded every day. The end result of this post is to measure the amount of successful scalpers and their average gains per day.

Thanks

stockman007

 

[stockman007]

Here is what happend on friday:

OSTK: +.30 [1000 shares long]
IIJI: +.25 [5000 shares long]

Profit on day after commissions: $1,470
Total Time in Market: 8 mins 26 secs

 

[RNRBAND]

nice work!
interestingly enough I am switching as well to a shorter time frame. I will be focusing on signals from the indexes, old fashioned tape reading, news, and I just added trade-ideas scanner for other things like size bids/offers and range breakouts. Good luck!

 

[SethArb]

hi stockman

can you post the time of day you got in and out of each stock and some reasons why you made the trades ? also what your commissions are and if you get rebates ? ( an annoted screen shot would be super if you have the capability to do this )?

in my opinion ... holding onto winners and letting them double . triple , even 10 bagger in price
probably beats any short term trading system

but I see two possible problems here

A: IRS probably does not want to see
traders who claim to be active
become inactive in their profits (?)

B: discovering the catalyst that lets a stock
become such a double / triple etc . is not so
easy and the desire for a short term trader
to take profits must be enormous along the
way , plus hedging costs could add up
to protect against news related blow ups

IN 2000 I made 1200 % on my acct doing scalp
arbitrage ... but the change to decimals and ECN
mergers killed this "easy money" in the following
year ( years )

 

[stockman007]

Hi SethArb, I use a paid chat room to do most of my scalping trades. Therefore, I could not tell you why they have traded what they traded. Unfortunately, due to ETs policies, I cannot post the link to them either. So they made the call for iiji at 9:55am and the call for OSTK at 3 pm.

Also I wanna make one thing clear: When I am talking about scalping, I am not talking about rebate trading. To answer your question: I do not get any rebates, i do not pay any ecn fees. I just pay .01 for first 500 shares and .005 for the rest all inclusive except sec fees.

Thanks

 

[mike2]

I am not a successful scalper yet because I am in a long term mentality and trying to change. Therefore I cannot post my results.

mike

 

[SwingOutOn5]

Quote from stockman007:

Hi SethArb, I use a paid chat room to do most of my scalping trades. Therefore, I could not tell you why they have traded what they traded. Unfortunately, due to ETs policies, I cannot post the link to them either. So they made the call for iiji at 9:55am and the call for OSTK at 3 pm.

Also I wanna make one thing clear: When I am talking about scalping, I am not talking about rebate trading. To answer your question: I do not get any rebates, i do not pay any ecn fees. I just pay .01 for first 500 shares and .005 for the rest all inclusive except sec fees.

Thanks

can't post a link? I post them all the time, and so do a lot of other people. Is it Vlad's room?

 

[sbird]

Friday was frustrating, was up 1k on about 60k shares in the first 45 minutes, then i started to get chopped up a little. Stopped trading and waited for the last two hours.

I should have just left, ended up with 700 up on 220k shares, lost about 400 dollars. I hate summer markets.

 

[stockman007]

Swingout, the chat room I use is not a sponsor as described under the guidelines of ET. This is a wonderful forum and I do not wish to lose my posting privilege. If you need the link to the chat room PM me or email me.


Sbird, thank you for contributing to this thread. I encourage more scalpers to post their daily P&L.

stockman007

 

[Magna]

Guys,

This is a thread about Stock Scalper's P&L, not about discussing commercial chatrooms. If you have any questions along those lines please PM individuals and if they would like to carry on a private conversation with you they will do so. Thanks.