Bid Ask Scalping in Futures

[bobajob 10]

I was reading Chris Farrell's book - day trading online. In it his describes how, given a wide bid ask spread in a slow market, one can scalp the spread by trading just above the bid and below the offer.

 

Now given that this is a viable strategy for stocks, but there is the Pattern Day Trading rule. Is there are similar futures market that has wide bid ask spread and relatively slow moving. Basically the opposite to what you usually want in a futures market?

[Predictor 11]

It is very hard to scalp period. It is unlikely you will profit by "true scalping" in futures market. The minimum you could take would probably be 1/2 to 1 point and still be profitable. So, a trader scalping may refer to a point.

 

If you want to scalp a futures market, you should look for markets that have the largest tick size and largest intraday range.

 

The 6e, crude, and Russel are mentioned often.

 

I was reading Chris Farrell's book - day trading online. In it his describes how, given a wide bid ask spread in a slow market, one can scalp the spread by trading just above the bid and below the offer.

 

Now given that this is a viable strategy for stocks, but there is the Pattern Day Trading rule. Is there are similar futures market that has wide bid ask spread and relatively slow moving. Basically the opposite to what you usually want in a futures market?

[sdoma 10]

It is very hard to scalp period. It is unlikely you will profit by "true scalping" in futures market. The minimum you could take would probably be 1/2 to 1 point and still be profitable. So, a trader scalping may refer to a point.

 

That's not what he's talking about. He's talking about true scalping, buying the bid and selling the offer.

 

That game is gone, it's all algo-driven. It was purely a speed-based game in the first place, so you shouldn't even consider trying to play that game anymore.

[bobajob 10]

Yes - I was talking about true scalping. It's funny how scalping means so many things these days.

 

I'm getting the message that it may not be viable now.