2007 Sep 23 - Sun
Recent Comments on Scalping in Elite Trader Forums
"The market is all about watching the same areas as the pros are and following their
lead. Breakouts on low volume are rookies taking the shares off the pro's hands with no clue
they can't fuel the next leg." -- mcichocki
"Some people can't scalp and others can't swing trade, it's all about finding what works
for your mind." -- mcichocki
"learn to read tape and remember key numbers from tape support and resistance. The tape
is true buying and selling so if you know what your doing with it you will know key levels
to watch for breaks with heavy buyers/sellers." -- mcichocki (If one has a good memory,
tape reading works. For those of us with less than good memories, having a program that
shows total 'volume at price' opens up new vistas of information, similar to what you find
when reading a tape.)
"Scalping can work at any market conditions, up, down, sideway... there are slow but no
garbage days for a good scalper." -- enlightedtrader
"It's not unusual for a master scalper to obtain a daily trading outcome greater than the
daily range although I've never seen it done on a consistently basis, day after day, often
yes but not always." -- QuantPlus
"Signals always abound and noise has little impact - this is the zone where noise is
tradable. " -- yoohoo
"The fact remains that the market zig-zags in every timeframe, and he who captures most
of the distance covered has lower risk and greater return. Of course there us a cut off
point where size is the final limiting factor for the scalper." -- yoohoo
"A zig-zag is longer than a straight line. The maximum profits are gained by trading the
waves - that's simple maths." -- yoohoo
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