Recent content by shabushabu

What would you guys think about day-trading p/t and working as a grunt at a brokerage firm (making next to nothing)...?

Yeah, I plan on developing it myself. I use to play with bots all the time on legacy systems (corporate world) as well as in multiplayer online games. So I figure it'd be cool to play around this, especially since IB has a testing platform to run these on... i still have a sweet spot for...

what'd it say? :P I'm interested in hearing insight. Planning on quitting this week to pursue trading... And in my spare time, maybe checking out some automated systems to see if I can develop my trading plan into software.

amen to stops! sure beats your finger on the mouse getting ready to get out of an order....

Until you can handle a chain of losses emotionally, take the "position-sizing" strategy seriously. I had similar concerns like you a few months ago. I became consistent and a bit cocky trading. Started leveraging my positions to a crazy amount. I made some big wins (non-consistently)...

Great job! I fear I did the same. Actually, I almost doubled my initial investment in the first couple months of trading (consistently swing trading during some good market conditions...then unconsistently day trading) This quickly led to over-trading and then a flip in the market trend...

Actually, I was doing all the above. After a successful, I found myself getting into over trading which led to where we are now. So in essence, it comes down to money management and probably a flaw in my pschye - not able to handle big losses. I hope I've learned some things through this...

Heh...it'll be available in the market. Come get it...along with the million other traders out there... I'll be ready to lose again...just need to take a bit of time off :) To a better tomorrow!

oh..it already has - have been depressed since

Hi folks, Just wanted to update everyone on my status. I have not quit yet, but after the recent flip of the market, I got caught doing something everyone and every website/book has told me not to do. I got caught: - over trading on margin - not cutting losses - revenge trading -...

Could be lucky gambling... My record has almost 300 orders on about 130 trades (includes buy/sell , or cover/short) in just over two months with about 60% profitable, 20% negligible and 15% with losses > $1000.. I believe I need to do more research to lower the risk and also decrease...

I'm going to try this out. I've lucked out twice in almost losing my entire profits for a month by balancing it with another lucky trade. I was definitely trading with too much money using margin - I'm going to try to stick with your advice and trade under a 60K window. Thanks for the...

Yeah, I'm grateful for all you traders that have critiqued my plans. As I'm sure some of you have gone through times where you've found opportunity. For some of them, you've gone for it and for others, you may have let them slipped by. I actually enjoy trading quite a bit and keeping up...

This is a similar thread to another member who has posted here and I'm just seeking some opinions on my plans and my concerns going forward with this... Plan - Quit my 60K CDN / year software engineering role in a month + benefits - Start daytrading stocks full-time with about $60K US in...