Why trading communities have a low respect for scalpers?
- Thread starter kitty1996
- Start date
It gets down to how a particular time-frame is characterized. To a guy who take a position for years, a guy who takes a monthly position would be considered a short-term scalper.
I think those who roll their eyes when day-trading is mentioned, are all those who had a "brother-in-law" who lost his ass trying it.
I think those who roll their eyes when day-trading is mentioned, are all those who had a "brother-in-law" who lost his ass trying it.
Kitty, evidently you've gravitated toward scalping, do to a personal connection with the technique. If you have seen promising results with the method and can properly identify market conditions to employ the technique then by all means refine your craft.
Opinions here will vary like the weather however you must realize if discretionary, you need to recognize your zones and pull the trigger unflinchingly.
....of course you know this but knowing and doing are two different realities.
It's good to gather ideas and garner support but at some point you must isolate yourself and find YOUR way. At such time all else will be just a distraction.
Day traders in general, whether they are scalpers or not, are loathed by the public and even other traders. For some reason society has tagged day traders with a nasty label. Since when does it matter what anyone else thinks? Trade on you evil day traders 
Scalping and day trading is the lowest profession on Wall street. Its like being a day laborer standing at Home Depot waiting for a contractor to pick you up.
If they get something to scalp they make very little and its very very risky due to high volatility in a short time frame trading.
Quote from ProfitTakgFool:
Day traders in general, whether they are scalpers or not, are loathed by the public and even other traders. For some reason society has tagged day traders with a nasty label. Since when does it matter what anyone else thinks? Trade on you evil day traders
Day traders are the lowest profession on Wall street.
Can you imagine being at a party and someone asks you" What do you do for living? And you say " I am a day trader, I scalp for a living ".
Not only that its very very risky way to make a living. SEC has strict rules for day trading since people with small capital start gambling and eventually lose it all. Read SEC website they dont hold day trading in high esteem either. Most day traders lose their accounts in first 6 months...