Is it possible to earn $100 a day with scalping?

The simple answer: Sure.

A more accurate answer: On average, yes.

Trading newbies often make the mistake of comparing the stock market with a normal job. 

In a job, you get a salary. It might bring you $2000 or $3000 net. And you can rely on this sum, which your employer transfers to your account every month.

So, it is understandable that the newcomer to the stock market wants to "earn" a similar sum by trading as quickly as possible. That is why there are such frequently asked questions as, "Can I earn $100 a day on the stock market?"

The first thing the novice trader must learn is that there is no guaranteed income as soon as you enter the stock market. This seems obvious, and anyone you explain it to, should understand it. 

However, it is my experience that you cannot easily get rid of this "employee mentality." If you have been used to getting a fixed salary for years, often decades, your unconscious mind tries to replace it with your "new activity."

The truth is: on the stock market you can earn much more than $100 a day.

Or much less...

And as we all know, you can also lose money.

Theoretically, everyone understands this.

But your "inner system" doesn't readily accept this banal truth.

So, you first have to learn to accept that on some days you can earn a lot, and on other days very little.

And here we come to the heart of the matter.

Yes, of course you can earn $100 a day with scalping.

Just not every day.

On Monday, you might make $40, on Tuesday, $ 450, on Wednesday, you lose $150, and on Thursday you make $160.

And on Friday, you might ask?

A little tip on the side: do not trade on Fridays.

If you've done the math, you'll have earned a total of $500 from Monday to Thursday. With five trading days (including Friday), that would be exactly $100 per day on average.

Exactly what you wanted.

So, take your $100 a day and skip the Friday trading session.

(I have met quite a few traders who have lost everything on Friday that they had earned through hard work from Monday until Thursday).

Maybe you are the exception that proves the rule?

What you need to learn is that profits in the stock market come in an asymmetric way. 

That is, sometimes your trades bring $1000 in 5 minutes, and on other days, despite hours of effort nothing (or worse...).

Difficult, isn't it?

Exactly.

And the real learning curve, to a large degree, is to learn when it's a bonanza day for you (the big win), and when you had better keep your fingers still.

The last one is the hardest thing for a stock market newbie to learn: to do nothing.

You've just enthusiastically learned a new method. Maybe you've read a book, or picked something up on the Internet, and now you want to try it out.

Unfortunately, you don't yet have that inner gauge of when it's time to scalp, and when it's better not to.

How would you know? You have to learn that first, and you can't learn it in a book.

You can only get this experience by doing.

You have to lose all of your weekly gains on Friday a few times before you have the discipline to walk the dog that day instead of trading.

This kind of self-reward over achievement is important.

Because, as we all know, one of the hardest things to do with money is to keep it.

Ask someone who has inherited a certain amount of money. How much is left of it after 5 years?

The same question applies to trading: How much of your weekly profit do you take into the weekend?

And this is the big difference to a regular job. Here you are allowed to keep (or spend) everything you have earned.    

That's why stock market trading is so hard. The difference is that, one day, you might not "earn" $100, but $1000 a day…