If you mean your commission fees are free then ok...
...otherwise those 10.00 trades can add up fast...98% of people cannot make a living off of 1/2 pt scalps...they would need huge starting capital and a blackbox quant algo's to make serious money...everyone here is retail and not some HF or institutional money.
You can successfully scalp by using services like Retracement Levels or even services that essentially follow moving avg's but none are even 80% reliable.
Best way is to play IT/LT trends, hence choppy sideway mkts are tough...esp if you play leveraged positions due to time decay...with futures you can ride it out without time decay but the drawdowns can be tremendous.
Or you can follow the Elliott Wavers and always be positioned short...
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There are no easy ways to make money during bear mkts...only supercycle bull mkts where you throw darts can the avg Joe make money and be consistent at it...during true bull mkts, naive people can look at fundamentals and earnings and be fooled into thinking they know how the street works.
There is only one true answer...price speaks alone...effective volume and delta charts can give clues but you must combine this with cycle work to get the IT/LT trend right.
Its complicated and 95% of ST traders will prob fail until they go broke many many times before they are humbled and learn about how the mkts really work.
Quote:
Originally Posted by BigDog
i have to disagree here... if you have a commission structure that allows you to push a larger volume of trades, you can be much more profitable with a shorter time frame....
again considering most are probably retail guys this may or may not be profitable, but fwiw... shorter time frame will be much more profitable
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