DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Threei who wrote (4225)	9/19/1999 3:05:00 PM
From: Dan Clark	Read Replies (1) of 18137

Vadym, I've seen several definitions of short term trading. I prefer the following: "Scalper" - Trader who looks to get 1/16th to 1/8th on trades of a few seconds. "Short-Term Position Trader" - Trader looks for 1/2 to 1 point or more movement based on tape reading and TA. I believe that the primary issue is intent. The Scalper enters the trade with the full intention of grabbing a teenie or an eighth in a few seconds. The Short-Term Position Trader enters the trade with the intention of making making more in a longer time period - minutes to hours. This Trader also might exit a trade after a few seconds with a "scalp" of an 1/8th. However, he(she) takes the scalp because the trade looks like it's turning against him(her). The trader takes the scalp because he(she) is fortunate to make a little coffee money on the way out of the trade. IMHO, Short-Term Position Trading has a much better risk/reward balance than Scalping. Other than that, there's nothing wrong with either style. But, it is critical to understand the differences and choose the style that is best for you. Comments? Regards, Dan.

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