Link about Scalping Vs. Swing Trading
Here's an interesting link I found over at TraderMikes' on the subject of scalping vs. swing trading. I have to agree with the author on one point,here it is... Pinpoint precision comes from discipline, skill, confidence and decision making of the highest degree possible in shortest periods of time. Well said, but isn't that required in any trading style or is it ok to get slothy in different styles.Now the part about learning to scalp being compared to handing over the keys of a daytona race car,hmmmm... No, I have to disagree with that, unless your starting out with the most volatile stocks.When learning to scalp it is better to start out small,and pick stocks that are not quite as volatile.Average volume of the stock can make a big difference there.When you have become more proficient at scalping then you can move into some of the more volatile stocks. I will agree it's not the easiest style to learn and it has it's place during different market conditions just as any style does.If the market is in a 5 to 10 point range for the day,swing trading will not be your best bet.That is a pure scalpers market. Every style requires that you assert the market conditions at hand, I guess it just depends on what time frame you want to trade and wether or not you want to trade and go make a casserole at the same time.:-) The author did make some very good observations, and it was definately worth a read.