day, keep posting buddy, you are high comedy. what a trainwreck you are. wow.
Why trading communities have a low respect for scalpers?
- Thread starter kitty1996
- Start date
scalping is a trading style like many others,
the best daytrader i know is a scalper, and averages 150 tics a day on the ER2 emini futures, the guy is a living god.
the best daytrader i know is a scalper, and averages 150 tics a day on the ER2 emini futures, the guy is a living god.
Quote from infolode:
'cause some of them are fucking idiots like you?
I maybe an idiot , but not a sleazebag...
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
Do you go in the society and proclaim " I am day scalper? Does your business cards says day trader/ scalper ? ( provided if you had any in your murky end of the world and your sleazebag profession ).
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Well, part of the reason I would guess scalpers are not so favored would be the fact that they hinder the price action movement. If you bought a stock at a specific price and you decided to sell it 10 seconds later for a 5 penny profit you obviously are slowing down the stocks momentum in a way even though it would depend on the volume but nonetheless you have an effect on it no matter how small. Its natural that the longer term trader would be against the scalper because in essence he/she is "blocking his trade". Rather than letting say the stock run 50 pennies to a dollar the scalper is ruining the longer term trader's goal. A clearer example would simply be if a stock had a spread of say 10 pennies. A scalper would probably try to narrow that spread to 9 pennies or less just to get out quicker than the rest.
In my opinion, the real reason why anyone would hate scalpers would simply because they envy them. Either by the fact that they do not have the same low cost structure as the scalper or they simply are not "wired" to act in such a manner. As some have already posted, you should not be bothered by what others think.
I would go so far as argue that true scalpers are less risky than their longer term counterparts. I have always been of the opinion that the longer you are in the market the more risk you are taking. Another way of looking at it would be to try to predict a stock's price in 1 hr as opposed to 1 min or 30 sec. or less. Think about it, the longer time frame the less predictable is the price. Less predictable = higher risk & reduced edge.
Lastly, i think most market makers/specialists can be considered scalpers by their very nature. Again, since their purpose is to provide a 2 sided market, they usually will buy the bid and sell the offer which is really a quick scalp in its finest form
JMHO
Well 10 years in the bag so far of success. I guess I will just crawl up in the corner and wait for that day I blow out my account.
Are you sure you were'nt trying to post on Comedy Central and accidentally posted here?
Don't hate us for our succes and your failure to comprehend.
I do enjoy your comical responses though, so keep humoring us if so you please.
Every thread I kick your ass, you seem to enjoy these merciless beating and is it getting addictive ?
STFU you stupid troll. You don't trade so why do you care?
Wall St. hates daytraders because they want bagholders. Go invest with Goldman Sachs or Merrill and see how much money you have left after a year. People here making big money, you should only refer to them as wealthy, loser.
And for the record I bet you and Kitty are one and the same people. Troll posting sh*theads