Why trading communities have a low respect for scalpers?

Quote from nugundam:

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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:)
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I donot need your unsolicited advice.

The longer the time frames the better chances that you will regain a loss if you have one. That’s where Technical analysis comes in. Yours charts tell you whats most likely going to happen. Stocks and SPX in general goes up more than goes down and that holds true for the last 70 years of empirical data.

So if you bought GE day trading in 1990 and you incurred a loss you would be sitting on a fortune as of today in 2008.
 
Quote from day7793:

The longer the time frames the better chances that you will regain a loss if you have one.
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Agreed, thats why i tend to hold on to losers a bit longer than winners. The key is to not hold on TOO long:)

If you do a google search on "snowball metaphor van tharp" you'll see nice articles on this.

http://tradermike.net/2004/05/trading_101_expectancy/

The Van Tharp book is a must read for every scalper btw.
 
good morning day, looking a bit nasty....for you? love your last quote, it pretty much sums you up" the longer the time frame makes it easier to make up for a loss, if you have one" thats how most of the winning TRADERS sums it up....not quite...owned again, must suck for you...It is before 3 my time...the best don't sleep much....make sure your mommy sets your alarm clock...
 
Quote from day7793:

I donot need your unsolicited advice.

The longer the time frames the better chances that you will regain a loss if you have one. That’s where Technical analysis comes in. Yours charts tell you whats most likely going to happen. Stocks and SPX in general goes up more than goes down and that holds true for the last 70 years of empirical data.

So if you bought GE day trading in 1990 and you incurred a loss you would be sitting on a fortune as of today in 2008.
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Wow...God bless you...

Now, everybody says "you're right" to day so he can go back to his business of forecasting GE price in 2026, leaving unfortunate compulsive scalpers to their financial self-destruction.
 
this might be late, because i only read first 2 pages of the thread, Im new by the way; but going back to why day traders are labeled as something negative is in my opinion because you have to be financially secure to even think about day trading, don't forget 25000 limit. I think is jealousy that some people can't afford to day trade. Again, that's my opinion but correct me if im wrong please.
 
<i>"There is a reason why most successful scalpers, and I mean true scalpers taking just a few tics per trade, are pros. Its hard as hell. most people on forums like Yahoo may deride scalpers because non of them can do it, and they have no idea how much some of these guys make. When you are popping off 10 to 50 cars at a time, 30 times a day, the money adds up fast! This is assuming you can do it at all of course. I can't."</i>

That's all true. There is a mythical perception that someone(s) out there hitting 20 - 50 emini trades per day, either scratching out at par or winning a vast majority of them. In & out real quick, no angst of uncertainty while trades are open. At the end of a day, nothing but big gains and bigger smiles all around.

In reality, emini scalpers work thru a lot of days for nil gains or slight loss. Some days rack up solid to big gains... exactly like emini traders who trade for handles instead of ticks.

One thing you'll see repeatedly is a mental / emotional exhaustion for most (not all) true scalpers in general. What seems to be the most exciting & fun is actually most gruelling and demanding style of all. Many times you'll read/see where a professed emini scalper is looking for ways to swing trade, take fewer turns, etc. Why is that? Because the frenetic pace of trading for ticks is working out so well in reality?

If our definition of "scalping" means trading small charts patiently for key setups and exiting with a few to several full handles' profit, that's a different story. For those who think they can scalp +2ticks while using a -4tick or -5tick stop, go ahead and give it a try with just one contract live. The potential for that as a long-term career approach will be cleared up in a hurry.
 
kitty1996


I am just wondering why trading communities/traders have the lowest respect for scalpers?

This is evident in ET forum & other trading forum, like Yahoo.

Can someone please tell me why?
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Not observed any relevant result from
retail scalper ,which can be compared
with intraday/swing trader result -
in different real money contests approx 700-900% per month on small capital
until 3000$
http://www.interbankfx.com/Contest/ContestResults.aspx

Scalping wwould make lucky broker
and exchange and only after that
retail operator


Your respectfully
 
Mad_Alfred

The scope of the issue should not be scalping alone, but the sophistication and/or the effectiveness of the scalping.

Jim Simons' Medallion Fund, which is part of his Renaissance Technology hedge fund family, is involved in very sophisticated scalping. This is pointed out in the following link:

http://www.bulldogtrust.com/trading.htm

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It is not retail and Martin Schwarz occasionaly scalping alsov not

Retail sector have not place on exchange ....
 
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