Scalping is a trading style that specializes in profiting off of small price changes and making a fast profit off reselling.
Traders who implement this strategy place anywhere from 10 to a few hundred trades in a single day with the belief that small moves in stock price are easier to catch than large ones; traders who implement this strategy are known as scalpers. Many small profits can easily compound into large gains if a strict exit strategy is used to prevent large losses.
Making multiple trades during the day, some buy trades and some sell trades as the market moves up and down during the day’s trading session is Scalp Trading. On the “Floor” and in the trading pits at the Chicago Mercantile Exchange Scalpers were referred to as ‘Market Makers’ or a ‘Locals’. When Mr. Siegel retired from the “Floor” and wanted to share some ‘secrets of the floor’ he wrote the course on Scalp Trading titled Trading On The Edge. This is the World’s Pre-Eminent Trading Advisory Service and is a 10 Chapter training manual complete with practice materials and a practice C/D or software for actual simulated practice before trading real funds.
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