Recent content by ELR

I have access to this persons trades. Maybe not in another month, but for now yes. Long trades: 8 Long wins: 4 Long losses: 4 Avg long % gain/loss: -0.1% Short trades: 4 Short wins: 1 Short losses: 3 Avg short % gain/loss: -3.8% We only have 12 examples, not statistically...

LOL There is much more to trading then entry, but at the end of the day if you dont have a postive expectancy entry signal, guess what, you are gonna lose at least the vig if not more.

Emotions. When a stock is going up strong he just projects it into the future as a straight line, so he will go long. Sometimes the stock continues, sometimes they reverse and it is when they reverse and he is in a losing trade and exits the losing trade that the cooper works best. I...

What I really want to know is how this can be traded systematically, any suggestions? How to systematically figure out when he is cold, neutral, or hot. For instance 3 losing trades in a row = cold streak start.

This pertains to any market, but the cold trader I am referring to is a stock trader. Anyway, this individual who is a friend of a friend is just a really bad trader. Buys stocks at brand new highs, ok good. Takes small profit. When the stock has a big reversal, exits his long and goes...

Yes, the bigger firms have serious brainpower testing and devising new trading strategies. They have very low costs. But then again the large broker dealers have always had a built in edge via costs, flows, etc.

Thank you

Anyone have any info on lake street trading out of Chicago?

I have talked to some pretty big traders who do this. They risk a small percent of capital and use super wide stops.

The majority of the problems with following a plan is one´s emotional state. It is like a football game. You have a plan, the opposing team scores two quick touchdowns, you throw the plan out the window and start doing insane things to catch up. Same with trading. Easy to jump off the plan.

I had the pleasure of trading a very substantial account of a trusted friend about two years ago for several days while friend was not able to trade. Anyway, was trading some stocks that had daily average volume of roughly 700k shares, nasdaq stocks. I traded about 100k shares in one of...

Market Wizards 1 and 2 were very good. Althought in Market Wizards 1 there was some funny stuff. Like the trader called Mark Weinstein who never had losing days (I am paraphrasing, but it was some insane statements), etc, LOLOLOL. Stock Market Wizards, quite weak. The managers...