08-06-2011, 08:55 PM
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#49 |
Join Date: Jan 2011 Thanks: 10
Thanked 20 Times in 14 Posts
| Re: Why Don't Most Day Traders Scalp? I personally hold positions for hours sometime days. Scalping is what I think of when they say floor traders. Back in the day floor traders could buy and sell the spread and had a great time doing it. They provided liquidity to the market by doing this scalping. However, with the markets now on computers and traders sitting around the world. To buy and sell good spreads just aren't there as they once were. Watch the movie "Floored" on google. Several couldn't make the change to computer trading because they were scalpers with no spreads in the computer world. Just a thought. |
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