Scalping Pennies for Profits
Ben Tippen traded for over 18 months before finding a strategy and trading method that worked for him and finally made him a consistent trader.
I haven't done many interviews with scalpers lately, mostly because many traders have given up on the tactic that was wildly popular when stocks were quoted in fractions. But there are groups of traders out there who are still scalping stocks profitably because of fast order routing capabilities and drastically reduced commissions.
In this interview, Ben Tippen talks about how he makes a living scalping one to three cents per share on trades by buying on the bid and selling on the offer. He talks about how he does this, why it requires patience, and how other traders might be able to take advantage of the same things he does to make money this way.
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Tim Bourquin: Hello everybody.