Hey everyone. Just have some questions regarding scalping. I know most scalpers buy a large junk (500 shares or more ?) and hold it for about 30 sec to a minute. They make profit over small wins and do about 30+ trades a day ?
I've found that I cant really hold on to a trade to long and for some reason scalping is on my radar. I Just have some questions if I should try scalping go another way.
1. Is it nearly possible to make a profit scalping ? I hear the success rate is about 3-5% ? :|
2. How much does the average scalper spend on a trading day ? Most i've seen would buy 500 shares of a stock worth that under the $20 mark. I assume the lower the value the less movement/ less buyers and sellers ?
3. Do they do a reverse on any of the trades ? They go long but go short and vice versa. I know the commissions can be the biggest killer for scalpers.
Thanks everyone.
I've found that I cant really hold on to a trade to long and for some reason scalping is on my radar. I Just have some questions if I should try scalping go another way.
1. Is it nearly possible to make a profit scalping ? I hear the success rate is about 3-5% ? :|
2. How much does the average scalper spend on a trading day ? Most i've seen would buy 500 shares of a stock worth that under the $20 mark. I assume the lower the value the less movement/ less buyers and sellers ?
3. Do they do a reverse on any of the trades ? They go long but go short and vice versa. I know the commissions can be the biggest killer for scalpers.
Thanks everyone.
