Quote from SWINGTRADER77:
scalping? in terms of other markets? impossible to do now a days- there are so many huge players and algorithms- u will never get a price u want- technology has changed- humans are simply to slow to arb with other markets.U can sit at a desk all day and 3/4 times a years " hit a beauty" on size hoping the algos will not sense it first. Depends if u can hack the pure boredom sat at a desk all day staring at reuters/bloomberg etc....
The above approach is fine, but does not generate commisions, something which the broking business relies on for revenue.
I am not talking about spreading or bid/offer scalping.....those types of trading have gone away.....probably for good. Im talking about scalping the market for a few ticks here and there, not really playing for a big piece of the pie and instead playing for little bits.
That is what the majority of my trading consists of. I'm just scalping the market for 3 ticks here and there all day with the occasional big trade (hold overnight and exit the next morning or play for many ticks).
Arbing is no longer feasible with today's markets. There isn't anymore free money out there. You just have to pick a direction and hope to hell your right!!!