In this thread,
http://www.traderslaboratory.com/for...ults-1869.html - I talk about taking 1.25 pts or 5 ticks out of the ES with regularity.
My question here is - what are the types of daytraders? I've often referred to myself as a daytrader, but that can mean many different things.
I think there's 3 distinct types of daytraders (those that only trade during RTH and hold no positions overnight):
1) Daytrader - takes a handful of trades during the day.
2) Scalper - takes more trades during the day, looking for smaller moves and many of them. Trades are in the ballpark of 100 trades per day.
3) Hyper-Scalper - this is the black box or trader that is basically taking 1-2 ticks all day. Trades are in the hundreds per day.
I posted this in the futures forum b/c that's all I trade and all I'm interested in for purposes of this discussion.
So what do you think, are there other types of daytraders? Would you add/delete to my list?
The only purpose behind this for me at least is to figure out what kind of trader I was, am and will become. It's nothing more than just classifying yourself as a type of daytrader. I'm just wondering what I should say if another trader asks what kind of trader I am.
