y2kate,,,that's funny cuz I've just been swinging and finding it quite workable. Some say scalping is the only way. Some only swing. There's something for everyone. And a way for everyone to get their arse kicked.
We picks our selection, and we do what we believe will work.
I don't think it's about whether you do one or the other or another ... it's about the picks, strategy, stopping, timing etc.
Some days I'll be in two or three swings , meanwhile scalping a few other plays. IF it looks like a high percentage trade, that's where to go, no?
I spent some time in OJ's room and for a while I thought scalping was the bomb. Meanwhile, it was the beginning of the end for financials and swing shorts looked awesome ...but I let the scalping fever sway me from staying in them. Missed some grand slam plays. Oh well!
I'm just saying the obvious....if you like swings, there are plenty of plays out there. If an OJ does better scalping, plenty there too. Wouldn't hang my hat on either as a criteria.
One thing for sure, the makers are jacking prices around so far so fast that stops are a bitch. OTOH, I like putting a price in to close a scalp rather than watch it because it moves so quickly.
A few minutes ago for example, I threw in a cover on SPG for a .22 gain. While I was writing this it went off at 50.39
But before ya know it, it's back ABOVE my entry. So placing the order after the entry, can really be a plus.
Okay I've rambled far too long already...!
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