Why trading communities have a low respect for scalpers?

[KeithOmalley]

Quote from day7793:

But you fail to step out from behind that musty green curtain and remove that dark plate of your sleazebag occupation. Scalpers are like pirhana fish swimming with the whales feeding off morsels grinding nickel and dimes and ultimately losing it all.

Why in the hell SEC would be so strict about day trading and scalping types? Why would the government regulate such a profession?

I mean puked up hookers on skid row have lot more freedom to hawk their pussies than some of you sleazebag gentleman on this forum !

your a classy guy

 

[Jayford]

Quote from day7793:

You mean to say scalpers are a Gods gift to the markets? Liquidity is provided by market makers and not day traders.

My lord you are a moron. There is no such thing as market makers in futures trading. Who do you think provides the liquidity there? The traders provide the liquidity, period. The more day traders, or any type of trader, the better the liquidity. Day traders fill a very important role however. There are many of them willing to buy and sell at any given price. Big reason why the spread on bonds or ES is always 1 tic.

 

[HedgefundTrader2]

Quote from Jayford:

My lord you are a moron. There is no such thing as market makers in futures trading. Who do you think provides the liquidity there? The traders provide the liquidity, period. The more day traders, or any type of trader, the better the liquidity. Day traders fill a very important role however. There are many of them willing to buy and sell at any given price. Big reason why the spread on bonds or ES is always 1 tic.

Continue to sing hymns in praise of Wallstreet's sleaziest profession to date.

 

[powerfade]

Quote from monstercat:

jay rockford i'm willing to bet theres hardly a trader in america trading retail that can trade 50 car size 30 times a day and make money. 50 car's at $2.80 r/t is $140 per r/t x 30 times which is $4200 a day of commissions. thats 80k a month of commission to overcome which is hard if not impossible. only guys that would have a chance are cme members at 40 cents r/t and thats still tough as going in and out that often just opens up to so much slippage and bad trades. now there are es guys who are cme members trading 50-100 cars 5-10 times a day that kill it i'm sure.

Sorry to tell you this, but you're misinformed. It's not only CME members that could get a significantly lower commish trading that kind of size.

Secondly, your assumption that any amount of commission is impossible to overcome is wrong. Commish is relative to position size.

Third, your assumptions about slippage are wrong. There is no huge problem moving 50 contracts in and out of the ES, as far as I can tell or as far as I have heard from guys on here that trade that kind of size (not me, I assure you).

I don't know what you mean by 'trading retail'. I don't think most of the guys on here who are actual traders are 'trading retail' as you would think of it.

 

[Restricted]

Quote from day7793:

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 ".

You suck dick for a living, i think that just might be lower than day trading.

Oh and clearly eating ass and sounding like a moron are avid hobbies of yours.

Nice to have you aboard.

 

[powerfade]

Quote from day7793:

You mean to say scalpers are a Gods gift to the markets? Liquidity is provided by market makers and not day traders.

Isn't this the same guy who was saying that people who short are Anti-American?

Market makers in the futures markets, huh? I see....

 

[HedgefundTrader2]

Quote from powerfade:

Isn't this the same guy who was saying that people who short are Anti-American?

Market makers in the futures markets, huh? I see....

I was not referring to futures markets as you have implied to make me look ridiculous.

 

[mschey]

Quote from day7793:

Continue to sing hymns in praise of Wallstreet's sleaziest profession to date.

I think you should work on your self esteem issues. You are obviously too worried and focused on what others think!

I have never found anyone who wasn't interested in hearing more about what I do when I tell them that I trade for a living.

 

[HedgefundTrader2]

Quote from mschey:

I think you should work on your self esteem issues. You are obviously too worried and focused on what others think!

I have never found anyone who wasn't interested in hearing more about what I do when I tell them that I trade for a living.

Go see a psychiatrist.. honest advice.

Don't come here and get your ass handed down to you on ET because you are full of it.

 

[nugundam]

Quote from day7793:

Scalpers and day traders are nuisance to the trading world. They hinder and obstruct price movement all the time. They are clogs in the wheel that is churning profits to some natural players, yet these sleazebags try to ooze out some of it.

Secondly, you should know that if you increase the time frames of your trading horizons volatility drops. An equity trade becomes lot less riskier. A stock may go down $1 in one session but in 2 days time it can regain a $2 price differential. You seem to get your ass backwards my friend. Read some books on how long term trades and holdings are more profitable. Risk of loss is reduced , because there is lot more probability, that it will work out in your favor.

Most day traders lose their entire accounts under 6 months, that is why SEC is very strict funding anything under $25,000. Got it?

-------------

By your comments, "yet these sleazebags try to ooze out some of it." it appears you are the emotional type

My friend it appears you are the one "to get your ass backwards" as you just stated "A stock may go down $1 in one session but in 2 days time it can regain a $2 price differential." in the same manner it can go down a further $4 on the 2nd day thereby losing more on the trade. Using your logic, you appear to be one of those hope traders seeing a stock plummet 10 / 20 % and saying to yourself it still has a chance to go back at even money. Sure everything has a chance and is possible (afterall in trading, anything CAN happen) but not everything is likely. You need to rethink of your strategy if you want to succeed in the long term in this business buddy. I'll give you some advice, Trading 101 learn to think in probabilities.

Think before you blabber.

As for most day traders blowing up their account in under 6 months, they probably don't have the experience and cost structure to do it. And i never said day trading was easy