SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : DAYTRADING Fundamentals
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rick Faurot who wrote (4228)9/19/1999 9:38:00 PM
From: marketbrief.com  Read Replies (2) of 18137
 
Rick, I should clarify that I am talking only about extremely liquid stocks, since those are the only ones I trade... I have gotten to the point where if ave daily volume is less than a million shares I won't have anything to do with it... it is very difficult to get filled properly on any kind of size in the "thin dogs," and equally annoying to scare away all the bids when offering a thousand or two shares... the beauty of playing flavor-of-the-day junk is that you can trade size.

My take on the definition of scalper versus short term trader is: a scalper works with a direct access system and is looking at an extremely short time frame like the 1 min chart, or is reading the tape... they are looking to beat the spread and nothing more; if they get more they are happy but consider it a fluke since they were only looking for 1/8 -- 1/2. Short term traders are not necessarily using direct access, and are often working off a larger time frame (5-15 mins.), and are looking for "swings." Position traders are often working off of the 60 min chart (and in some cases the daily!!!), call their full service brokers on the phone, and are looking for very large moves indeed... these are the guys who make the most money (besides the buy and holders of course ;-) ) but take on the most risk initially... position traders also tend to smoke pipes, lol.

~Smart$
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News