what the hell is scalping

D

dozu888

I have been on this site for years and see people throwing around the term 'scalping' like it's for real.

I know that market is fractal and you can pretty much apply the same technique to any time frame... but there is a point where the edge is diminished by the bid/ask spread.

So how the hell is holding some thing for a couple of minutes can even be remotely possible, other than just getting lucky with noise.

somebody enlighten me.
 
Quote from dozu888:

I have been on this site for years and see people throwing around the term 'scalping' like it's for real.

I know that market is fractal and you can pretty much apply the same technique to any time frame... but there is a point where the edge is diminished by the bid/ask spread.

So how the hell is holding some thing for a couple of minutes can even be remotely possible, other than just getting lucky with noise.

somebody enlighten me.
More...

See what you get when you buy 1.25% below the low of a 1 minute bar on a stock with a 1% target. You'd be surprised how often you'd win.
 
Quote from bwolinsky:

See what you get when you buy 1.25% below the low of a 1 minute bar on a stock with a 1% target. You'd be surprised how often you'd win.
More...

this only confirms my original post
 
Quote from dozu888:


So how the hell is holding some thing for a couple of minutes can even be remotely possible, other than just getting lucky with noise.
More...

Yes it is quite possible. And profitable. I do it everyday.

Take a look at SKF on a 42 tick chart. Cause that's what I use to trade. When the (what I called) "Microbursts" come along, you ride it. SKF moves up or down by $1.00 or more in less than 1 minute. On a 1-minute chart what you'll see is a price spike.

Is it "noise"? Raps are nothing by clapping your hands and mumbling fast to some people. And therefore "noise". Noise or not noise is in the eye of the signal interpretor.
 
Quote from dozu888:

I have been on this site for years and see people throwing around the term 'scalping' like it's for real.

I know that market is fractal and you can pretty much apply the same technique to any time frame... but there is a point where the edge is diminished by the bid/ask spread.

So how the hell is holding some thing for a couple of minutes can even be remotely possible, other than just getting lucky with noise.

somebody enlighten me.
More...

u serious?
 
Because what you deem noise, what you see as random, someone else sees as their trading opportunities and setups.

You use the word "lucky" because you don't understand the way some people trade. Which is fine, there are many ways to approach trading. It just depends on how YOU set out to learn the game.


Quote from dozu888:



So how the hell is holding some thing for a couple of minutes can even be remotely possible, other than just getting lucky with noise.

somebody enlighten me.
More...
 
Quote from bwolinsky:

See what you get when you buy 1.25% below the low of a 1 minute bar on a stock with a 1% target. You'd be surprised how often you'd win.
More...

Hmm, well, I put money with this once, made 10k on 100k, and quit after it lost 3k. Net up 7k, but much too volatile. I still think it works, but I get the feeling the OP is too lazy to actually do the work required to figure out whether he has an edge or not.
 
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