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Old 06-07-2007, 12:34 PM
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Re: What are the types of daytraders?
Quote:
brownsfan019
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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.
a. I agree with the Daytrader description. Could be one, or several trades taken during RTH.

b. Your ballpark of 100 trades per day is off for your "Scalper" label. Dozens might be more like it.

c. I'd agree with your 100+ trades in the HyperScalper genre. If you're taking 1-2 ticks all day long, then you'd definitely need as low a commission as possible here (especially for black box auto trading).

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