Scalper's Forum

hi friends,
i am a newbie in stock market,can anyone pls clear my doubt reguarding scalping, i am confused about its concept ,

if for example if i purchase a share of Rs100 and sell it at Rs 100.05 so is it scalping??
so how many maximum number of transaction can i do in one day pls specify the figure 100,150....

i have heard that scalping is illegal...is it true in this case bcos the wikipedia definition says "Scalping, when used in reference to trading in securities, commodities and foreign exchange, may refer to (i) a fraudulent form of market manipulation or (ii) a legitimate method of arbitrage of small price gaps created by the bid-ask spread.
 

anuragmunjal

Well-Known Member
Well first have to find out whether scalping without Intraday charts is profitable or not ,

Following are some of my tomorrow's scalping probables , instead of back testing we will do live testing before understanding this method


LICHSGFIN : Long @ 207.3 and exit at 209.4

Bank India : Long @ 224.2 and exit at 226.4

Unitech : long @ 28.7 and exit at 29.4

Relcapital : long @ 377 and exit at 381

Punjlloyd : long @ 86.1 and exit at 87




hi..
when u r scalping, ur basically reacting and responding 2 the order flow.the decision 2 buy , sell or hold is intutive and is made on the spur of the moment,whereas u r going into the market with a predetermined buy n sell price. that I beleive is not scalping.

regards
Anurag
 

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