Tough times for scalpers?

Marc to Market · Oct 23, 2002

First it was PALM that did a reverse split and now my beloved ERICY has followed that trend! There's really nothing good out there to scalp anymore that's under a buck.

Boy do I miss the days of Worldcom!

Marc

m22au · Oct 23, 2002

Were you making one or two cents on PALM / ERICY? Or holding for more?

Are you getting rebates for adding liquidity?

major cahones · Oct 24, 2002

yes i think it is a difficult trading environment. i used to be able to make $10k/day and this month i could barely do $5k/day

hermit_trader · Oct 24, 2002

Originally posted by major cahones
yes i think it is a difficult trading environment. i used to be able to make $10k/day and this month i could barely do $5k/day

Dare to ask how much capital do you have?

stock777 · Oct 24, 2002

Originally posted by hermit_trader

Dare to ask how much capital do you have?

I'd guess 100k for such a modest performance.

dottom · Oct 24, 2002

Originally posted by hermit_trader

Dare to ask how much capital do you have?

Probably a lot less than his ego. But he might have a lot of that too...

stock777 · Oct 24, 2002

Imagination = 100 * Ego

major cahones · Oct 24, 2002

$ 8,000,000

chasinfla · Oct 24, 2002

but every cloud has a silver lining: think how much more the stocks that reverse split can go down!

swoop[TR] · Oct 24, 2002

You trade with $8,000,000?
I have a question.
How do you deal with the threshold? I mean, you can't trade $8M at once, you would move the market, and get whipsawed. So I'm assuming you are trading with a percentage of that or maybe you are trading various instruments/stocks at the same time (so much for multi tasking

Thanks