I am differentiaing b/w scalping and 'real' investing.
I used to think that my scalper friend must be a financial genuis, making 200% a year when Peter Lynch only averaged 30%.
No one wants to admit what they do is easy, everyone likes to hide in some mystique. Until I actually sat down and saw what he does.
I think SCALPING *seems* easier than going through law school, or reading dozens of programming texbooks every year to keep up with technology, or many, many other professions.
My point was that I don't think many people here are scalpers, and just wanted to discuss this facet of short-term trading.
I didn't intend to sound cocky and imply *I'm* gonna do this or that, just saying that this DOES happen. Maybe my stupid nickname implies arrogance? Maybe I should change it to "KnowledgeSponge" That was the intent, not that I'm some smart-ass.
Yes, I will stand by my point that scalping seems easier than other forms of short-term trading that the people here actually work so hard to be good at. I don't think scalping takes financial knowledge, stock research, charting ability, TA/FA, etc...
In fact, I KNOW this, my buddy makes a salary in one day of trading, and has never read a financial book in his life. While we all read the business section, he reads comic books on the train to NYC!
If I'm wrong, fine, I'm here to learn, that's why I read SI so damn much...
Trust me, I heed experienced traders' advice very seriously,
as nothing can buy experience. I'm very grateful for the information I'm getting from this thread. Thanks for all the guidance everyone, keep it coming! |
