Recent content by Wilt

Green trader tax is incredibly expensive, 300/hr. Other than 401K contribution there are no unique unexpected deductions that show incredible expertise in the field. Maybe if they had to argue on your behalf. They just take your tradelog data and use it. Tradelog itself is 350 and not user...

I don't think you should worry about this. You are acting like a hedge fund. You are not, you are a home gamer. You shouldn't have the same risk controls because you won't gain materially using the same rules. Use maximum margin. Put 10K in one stock and use margin to buy another 10K of a...

If it was fixed that's great, it has resulted in many a unsent confirmation turning into an unintentional order. I had to learn that when I'm really close to getting a fill, don't have the yes/no confirmation box up. Your scenario is right, but it's hard for me to say that it's replicated...

Maybe I didn't explain well enough how it happens. The modifying order was never sent, so there can't be a cancel and replace on the existing order. The yes/no buttons in the confirmation box were never touched, yet Lightspeed Trader will every time on it's own remove the confirmation box from...

Hi Robert, Lightspeed Trader is generally an excellent platform. Has the bug where if you have an existing order waiting to get filled and there is a change confirmation box up, as soon as the original order gets filled the change confirmation is immediately removed and automatically...

10 shares is pure piker. Whatever the success percentage of his strategy allows as a reasonable percentage of his account to risk per trade is proper size. It gets improper by averaging in, buying too much initially on hopium etc. I think trading piker level encourages one to throw more at the...

Just came across your thread. I wouldn't reduce to 100 shares. I don't believe it makes a difference. You have to care about your trades. Selectivity and eliminating iffy set ups are what let you accumulate money. I would go back into research mode. Test your strategy, test modifications. Every...

I say futures, nothing more frustrating than a short or long running out of steam because your target is good, you're waiting for a fill and you don't get it by cents. Futures has liquidity at whatever price it's trading.

Agree, when you stop being so levered you make better decisions and can ride out the voluminous crap the market throws at you at every opportunity. I've taken so many losses where I was right, but I had to exit because of leverage.

Commissions are not a separate charge. They are factored into your P&L. You don't pay tax on commission separately, just your net P&L. Wilt

I use Trade Ideas and it's indispensible to me. It's worth the cost. The beauty is it tells you what it's going to do in plain english before you start the scan and is truly real time market wide scanning. Worth the money IMHO. If it finds a trade worth more than $200 each month, it's your...

Think or Swim by far...far, far, far; a galaxy far, far away better than both. Wilt

I would say that 10K isn't too hard. I think the best way to look at it for stocks is what percent of a minute's volume are you? I'd feel uncomfortable trading 10K for anything averaging less than 20K per minute. If your order is about the same as the per minute volume average, I'd break it up...

I can't speak to futures, but on stocks the only problem is that they're self-clearing. They have a lot of special margin requirement stocks that are higher than 25% intraday. Like basically all of biotech, not just $5 companies. On hot issues, you can probably bet they will have higher...

+ about 50%. It was a terrible year. Did 750% last year. I traded all U.S. stocks, nothing sub $10. This year will be much better. Good luck to all. Wilt