Regarding scalping the market makers, I have neglected to exhaust the subject matter, so you are still wondering in the dessert? You are no Moses, so why worry?
When a market maker maintains a market, you trade with him. You ride on his coattail, because he owns a lot of stock.
When a market maker who has no clearing house of their own(no stock in their street name), they can only be daytraders. Daytraders can be scalped. They are trading on the seat of their pants(maybe just like you). They have to compete with up to 64 other market makers maybe(out of a total of 680 market makers). Investigate Nasdaq trading data will show you the lead market maker and other market makers. The lead changes hand, so they can be scalped. Knowing the market maker intimately helps. Watch their TA signature(curve) on the five year chart, then you can scalp by knowing how the chart will perform.
Always remember, the bulls win and the bears win, only the pigs(greedy to make money) lose their kitten caboodle. For every nice move there is a pull back to follow. But longer term, whether you win or lose, depends on the lead market maker. He is the guy that sets the price, you can not argue with him, only the other market makers can.
So much for that subject matter. |
