Is it possible to make a living from just scalping?
I've tried to integrate swing trading into my skill set but just cant seem to do it. I'm back just concentrating on scalping now but would love to know if anyone just makes their money from scalping
Scalping Alone
You need to reconise which is a scalp market and which is a Swing. I prefer to combine them get a couple of scalps then wait for the volitility to get high then swing itNewbie Trader wrote:Is it possible to make a living from just scalping?
I've tried to integrate swing trading into my skill set but just cant seem to do it. I'm back just concentrating on scalping now but would love to know if anyone just makes their money from scalping
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
As Peter said it will mean skipping a fair number of races and that means you are missing potential profit.
There is a very easy way to learn which markets move a lot and which ones are fairly stable. Have a look at the grade of the race first, High is 1 and Low is 7. The volatility will be the inverse of the grade. Because the high grade races are few and far between you need to accept that volatility will be higher on a day to day basis rather than lower.
I would then advise you to watch the prices on the front three runners throughout the day and record the amount of movement. You will soon realise which markets you can scalp i.e. not too much movement and which ones you cannot. This is the best way to learn, it is much better for you to experience the markets and allow your brain to get used to the movements. This is not meant to be some highbrow mumbo jumbo, this is genuine advice and it will help you to improve your market reading skills.
As a guide, look at handicaps as by their very nature they should be competitive and this should be reflected in the market. Of course you can find handicaps with a short priced favourite and then they become less stable......that is a clue in itself!
Record the markets for a day and then come back and post your thoughts. You can either trade them or use practice mode provided you record the level of price movement.
Hope that helps.
There is a very easy way to learn which markets move a lot and which ones are fairly stable. Have a look at the grade of the race first, High is 1 and Low is 7. The volatility will be the inverse of the grade. Because the high grade races are few and far between you need to accept that volatility will be higher on a day to day basis rather than lower.
I would then advise you to watch the prices on the front three runners throughout the day and record the amount of movement. You will soon realise which markets you can scalp i.e. not too much movement and which ones you cannot. This is the best way to learn, it is much better for you to experience the markets and allow your brain to get used to the movements. This is not meant to be some highbrow mumbo jumbo, this is genuine advice and it will help you to improve your market reading skills.
As a guide, look at handicaps as by their very nature they should be competitive and this should be reflected in the market. Of course you can find handicaps with a short priced favourite and then they become less stable......that is a clue in itself!
Record the markets for a day and then come back and post your thoughts. You can either trade them or use practice mode provided you record the level of price movement.
Hope that helps.
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markowensimon
- Posts: 28
- Joined: Tue Feb 22, 2011 4:29 pm
i make my living from scalping.I find it easier than swing trading as i hate having an open trade waiting to close even if it is a few ticks in the green. As they say " a bird in the hand is worth two in the bush" 
I've always thought trading was a bit wussy, but scalping is beyond the pale.
If you guys had any balls, you'd follow me in my next big 'High-Risk In-Play Punting Smash-Up' opportunity. It's at Longchamp, on 2nd October, the Prix De Arc Triomphe. The selection? It's for me to know
If you guys had any balls, you'd follow me in my next big 'High-Risk In-Play Punting Smash-Up' opportunity. It's at Longchamp, on 2nd October, the Prix De Arc Triomphe. The selection? It's for me to know
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mulberryhawk
- Posts: 165
- Joined: Thu Oct 29, 2009 12:37 am
Wasent delegator one of your ..... good luck with that strategy 
selections in the july cupbig 'High-Risk In-Play Punting Smash-Up'
..... good luck with that strategy 