Tips and Techniques for SCALPING?

yeah i know,

i'm just trying to find any source of info that will help me get better at scalping. I just started my training, but it's not like a formal class type training. I am basically looking for a book or a good web site on scalping so i could get better at this game. so far all i know is to look for upticks for selling short. I am trying to understand how the whole thing work... like how to understand fake bids/offers (what cause and reaction might happen, like maybe if someone posted a fake bid and everyone took the bait and started following the stock, and sellers starts to cover, causing a strong demand, and a shortage of supply?), how to notice when the specialist has jumped in, and how if there is going to be a shortage of shares or excess amount of shares. etc..

if anyone could explain a few of these topics to me i would really appreciate it.
 
Quote from warrenbuffet:

yeah i know,

i'm just trying to find any source of info that will help me get better at scalping. I just started my training, but it's not like a formal class type training. I am basically looking for a book or a good web site on scalping so i could get better at this game. so far all i know is to look for upticks for selling short. I am trying to understand how the whole thing work... like how to understand fake bids/offers (what cause and reaction might happen), how to notice when the specialist has jumped in, or any other indicators.
More...

you cant learn that stuff in a book. you almost need a mentor for that style. that is one style where a prop shop training mighht be valuable.
 
One book that I read when I started scalping was Day trade Online by Chris Farrell. Even though its a little outdated (1999) it does have a couple nice chapters on the specialist trading....If your trading NYSE reading those chapters will be useful.
 
Quote from shadow001:

Hi just came across this post and was wondering if anyone took the course.

Also wondering if it's still available?

Thx
More...
Don't know about the course, but Vadym knows his stuff and you could do a lot worse paying thousands of dollars for crap courses/trading-rooms offered by so many charlatans out there.

Vad's actually a cool guy.

He sometimes posts here under the handle "threei". Do a search for his posts or send him a PM if you have a question.
 
Quote from shadow001:

Thx Equalizer,

I'll for sure check it out and see.

Do you scalp?


EOM
More...
Hi shadow001,

I do occasionally scalp the NQ or the FESX just to keep the eye in so to speak. I allow my trade bots implementing my models to do most of the trading as they have no emotions, never get tired or need toilet breaks :D
 
To the original poster,

the way to learn is to watch stocks trade and think creatively in your head about what's going on. Just watch at first, and don't form wild theories, but instead try to identify a real buyer, a real seller, and real support/resistance levels (which may not have shown up on the chart but will show themselves on the tape and through the book). Sit there and watch a stock, and figure out if there's a buyer or a seller in the stock. Figure out how the buyer or seller is working his order and see how people react to that. Just watch and think creatively.

Watch thin, low-volume stocks, where each print and each quote change can have a significant impact on the movement of the stock. This is how you can begin to learn the art of tape reading scalping.

It is possible.
 
Quote from warrenbuffet:

Hi fellas,

Anyone care to share some tips or techniques on scalping?...
More...

First, make sure you have the proper scalper tools setup.

* Competitive comission rates (dirt cheap)

* Trade execution platform suitable for scalping

* Reliable realtime data vendor

* Suitable charts

* Reliable ISP and test your ping to your broker server during periods when you tend to scalp

One example of the above, all the scalpers I know that are profitable are not using minute charts (e.g. 1min, 2min et cetera).

Thus, they are using charts that are either less than 1min, volume based or tick based.

Mark
 
You must log in or register to reply here.
Back
Top