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What kind of techniques do heavy scalpers use?
- Thread starter CFerret
- Start date
Quote from jack hershey:
We use streaming data. That is not a snap shot. And I do agree that we have a way of calc ing the tails on the dist of the streaming in very short periods.
Jack you can have "streaming data" and still get snap shots. It depends on where your provider gets and calculates its index data.
Are you getting your data from quote.com?
Turn off all the charts and read the tape and DOM. After a while you start to see patterns, support and resistance. You will also start to see the different games that are played in the DOM, but these are just other traders trying to play each other. Remember, you are not trading the product as much as your trading other traders It was strange for me to adjust to this, but now it is my preferred method.
I have a side question. In terms of profit targets, what defines scalping vs. day trading vs. swing trading?
Quote from LessOnLeeson:
I have a side question. In terms of profit targets, what defines scalping vs. day trading vs. swing trading?
I think that would be an individual question. Myself, I enter a trade and exit as soon as it starts to slow down into a pullback. I'm sure someone else in the same position might take the heat on the pullback, thus creating a longer swing trade. I have a small pain tolerance and exit at the first sign of change in direction.
Quote from saxon22:
Just because he is not an ass expert (like you I presume) does not make him a bad trader!
Well according to Jack himself he is a professional explorer hired by the UN to investigate the melting of the polar ice caps
Not sure how he fits it into his constant presence here at ET but that's what international men of mystery do
Quote from jack hershey:
You may not be a professional explorer hired by various nations or the united Nations. I was and there was a purpose. Long range planning primarily.
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