Why Hypermarket hurts scalping?

Quote from TudorJones:

It shouldn't, as long as you recognize the market condition and is quick to take the profits while you have it.
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in details, please

you mean hyper will have delayed result? so you have for predict the move? if that is the case, then nasdaq is quick. why not scalp on nas?
 
Because the specialist isn't really involved like before - the specialists are just daytraders now. Before, they could see stop orders and control market orders and lock the book - traders who became familiar with how different specialists work orders could profit by reading the specialists. Now those techniques don't work. You also can't get in ahead of a cross on the NYOB, or blowup a stepping short with the same predictability as before.
 
Quote from FXTraderWill:

Because the specialist isn't really involved like before - the specialists are just daytraders now. Before, they could see stop orders and control market orders and lock the book - traders who became familiar with how different specialists work orders could profit by reading the specialists. Now those techniques don't work. You also can't get in ahead of a cross on the NYOB, or blowup a stepping short with the same predictability as before.
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Never knew those. I have no idea why specialists exist. Not a single book explained it in details. You still have AMEX for pure specialist plays.

Any way scalping is a waste of time, electricity and brain power. Should be outlawed
 
i doubt that these days where programs make up 60%of volume that the specialists are holding anything,these mrkts are very efficient and the programmers are settling for fractions times a 1000 lot of spus,they don't care where the mrkt is going ,only
 
Quote from ammo:

i doubt that these days where programs make up 60%of volume that the specialists are holding anything,these mrkts are very efficient and the programmers are settling for fractions times a 1000 lot of spus,they don't care where the mrkt is going ,only
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If you are talking about "program" trading on the NYSE, then you are talking about institutions like mutual funds (along with some proprietary IBanks and their equity derivative desks playing stock-index futures arbitrage which is different ) trading huge electronic baskets of stock.

Most of these players ( aside from the equity derivative desks at an IBank that are trading a prop account, or the corporate cash treasury account of a Fortune 500 company ) are not in the marketplace looking for "fractions".

Just my 2 cents
:)
 
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