Scalping.

BCV12

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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.
 
Are you sure you must scalp? i.e. how are you sure you can make money scalping?

The trouble with scalping is it relies on an almost instinctive anticipation of price action which often seems to be contrary to TA principles. I don't doubt the success rate you quote: this is a specialism within a specialism within a specialism.
 
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