I said be selective and as mentioned, it can work but it will not be as profitable as finding larger moves in the market. I see that "Badger" (nocturnal black and white creature) bangs this drum and says it is better to get six lots of 1 tick scalps than one six tick swing trade. Then you visit his training course to watch him lose £1K trying to scalp the markets.PDC wrote:I do not agree with what Jolly Green has said. I respect that he has been around a lot longer than I but how I read what he has said is that you need to be very selective as to which races you can/should scalp as scalping every market is not viable. My approach is exactly the one that he says is not viable and I have had good results with it since I have started. The reason I choose to go down the path of scalping every market is that it goes against the general wisdom that seems to be that swing trading and automation are the only real way to make money from the markets. So whilst everyone else is trying to swing and automate the market forgets about scalping and creates an opportunity. I know Peter Webb is a big believer in going against the crowd and it seems to be working for me. I think Dallas's post was the best about the issues with regards to Saturday markets.JollyGreen wrote:The markets have changed and they continue to change but one thing is certain, scalping is not a viable option unless you can find really suitable markets and then take advantage.
I can also assure you that you will not find Peter scalping markets other than the occasional market midweek which allows the method or perhaps the Cheltenham Festival meeting. He will be looking for large moves and his against the crowd theory is based on finding the end of a move and then catching the reverse.
