Which stock for scalping?

Originally posted by FasterPussycat

if you were to pin me down i'd have to say i pull bout 2.5 points a day out NVDA. i reiterate ...i OWN that bugger. i know her well. hehe

candle, thanks for asking, i keep it simple as you have often suggested, basically when it's going down i short it, and when it's going up i buy it. working for me very well. not the holly grail but at present it's making me $$$.

what is working for you?

edit: i will expand, the key as i see it is you must get in on the trend early, and ride that mother for all she's worth. dont get shaken out on a wiggle, but exit as soon as it begins to retrace. that's how i do so well.
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Originally posted by tradeRX
Magna.

Don't misunderstand me, I never claim to be a soothsayer. I simply said I look to get in on the intraday trend(s) at the BEGINNING. Once in the money, I can now decide what to do with it. Sell after a predetermined profit? Hold for potentially more? Etc. This is nothing new or sophisticated.

For instance, often NVDA can move FIVE points up/down on one of these trends. (I'm sure you and everyone on this board knows this). I earnestly attempt to identify the trend at the moment in its EARLY stages, jump on, then ride that baby out for all she's worth! Nothing more, nothing less. Often, you can make 4 points on a SEBL or 5 on a NVDA. And if things turn ugly, I take whatever profit is in the trade, go short, or wait for the next trend to setup.
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FasterpussycatraderRX.......busted :)
 
Originally posted by FasterPussycat
candle...basically when it's going down i short it, and when it's going up i buy it.
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Interesting, I see you're offering Candle about the same amount of information he provided you. If he presses further, I recommend that you remind him to cut his losses short and let his winners run. :eek:

Turnabout is fair play, eh?
 
magna, perhaps further investigation might show that candle and traderx/cat are the same person. I have suspected that rx is somebody alternative ego anyway.

This subject brings up a question can determined computer hacks find out who "traders" are or at least if they orginate from the same ip address.
 
Dearest Brother Jem,

Although I disagree with you about me being TradeRX, I do agree with you that TradeRX = Cat = Shortnfool = GeeTO69 = Doug Neston = many, many other nicknames .... as many oldtimers on Elitetrader will readily testify, my relationship with TradeRX started out as a relationship of mutual HATRED (back in the early days, I was too serious for my own good, and I developed hypertension from the daily trials and tribulations of coping with my then enemy TradeRX)... but as time wore on, TradeRX and I grew closer (as a result of me loosening up and seeing the funny side of life), and the relationship between me and his many nicknames is now more of a love-hate relationship... the best analogy I can evoke is that of a Sweet and Sour Pork dish... if you just had it as sweet pork or just had it as sour pork, it would taste pretty disgusting... but when you have the sweetness and sourness in the correct proportions, the dish becomes a majestic delicacy... similarly, I have reached the stage in my relationship with TradeRX where the love-hate balance that we share is optimal; this optimisation of the love-hate balance enables me to assert with the greatest of sincerity that I am proud to have him as a Brother... just as I am proud to have people like Hitman, Tony Oz and Don Bright as my most honorable of Brethren, too...

With the form of platonic love that can only be found amongst the Trading Brethren...
Your Brother,
Candle
 
Originally posted by FasterPussycat
so what DATtrader, is it so improbable that there are two of us out of millions on this board that trade nvidea??? get real.....
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Brother Pussy,

Since there are not millions on this board, exitus acta probat, there cannot be millions on this board trading NVDA. Moreover, there are not millions of Nasdaq daytraders, regardless of whether or not this board forms part of their web visitation routine...

Please apologise to DATtrader for your ignorant statement...

Thank you.

Your Brother...
Love,
Candle
 
QQQ with IB as your brocker

Consolidated trend breaks on 1 min intraday chart, you can get in and out faster than anything, great for scalping.

:D
 
Originally posted by wwatson1
Hold on did I say brocker.... I meant broker.:confused:
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Oh deer!

Definition: Brocker
A small South American deer, of several species (Coassus superciliaris, C. Rufus, and C. Auritus).

Origin: OE. Broket, F. Broquart fallow deer a year old, fr. The same root as E. Broach, meaning point (hence tine of a horn).

Love,
Candle
 
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