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Strategies & Market Trends : The Scalper's Thread

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To: Tim Luke who wrote (3)	12/17/1997 4:35:00 PM
From: taxikid	Read Replies (2) of 62

TL.."luke use the force" yours isn't an original idea but new blood is good.. i was successful with the scalping @ the beginning of the year.. then i slowed up a bit.. relizing that for the 1/8 or 1/4 i need liquid stocks and hafta almost always give way for the soes or watcher guys that keep the cost of my trades down.. one good tip would be looking for consistently hi volume$5 stocks with a 5% range.. you can look for the bottom of the channel and banhg 'em out and use margins.. so you can do 5 5k block buys w/ same buying power as you would need to buy 900 shares of msft.. just be sure you ain't the greater fool @ the time.. every 1/8 means $3k+ in your pocket.. oh and use gtc orders so you don't get partialed to death.. taxi

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