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    PropTrader - Daily exploits

    Blotter + month to date
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    What would you choose...money or happiness?

    ..."Money can't buy happiness, but neither can poverty"... --- Leo Rosten This is my way of thinking! Enough not to worry about it ... but not too much that you need to worry about what to do with it
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    Trader P/L 2010

    Don't worry people... there is still lots of $$$ to be made!! Bring on 2011...
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    PropTrader - Daily exploits

    NEVER say NEVER!!! I really did not lie yesterday I was not coming in today...BUT I did get my girlfriend to wake me up as she was leaving @ 7:30am to give me my phone to check my watch list. SIRI gapping up above $1.60 raised my interest but since I considered it probably a long trap it...
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    PropTrader - Daily exploits

    This was one of those days...where everything you hit doesn't go anywhere and everything you don't makes a great move. What I have learnt from these days is FORGET THEM and quickly. At the same time thank your lucky stars u didn't lose much (if that is the case...) So I'm not going to...
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    PropTrader - Daily exploits

    Blotter in case you wanted to see it
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    PropTrader - Daily exploits

    Good to hear someone else made $$ on it hahaha. Where did you get in and out? It trades well for the 5 mins it's not stuck in a 1c range by the algo's. Doesn't matter what your size was... It's all about the trade. The better you get the bigger the size you will be able to take
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    PropTrader - Daily exploits

    Sure bharatk8, I think its very important to get a clear picture of how much risk is being taken relative to p&l. If you look in my post above I mentioned I took 10k in Citi and total position of 40k in SIRI. Btw in case it's not clear when I say 40k it's 40,000 shares not $40,000.
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    PropTrader - Daily exploits

    2 trades in total today and very proud of it! I tried taking a small position of Citi this morning just to see if it would shake me out... of course it did. Its really tough to trade when its not going anywhere and I should not trade it at all because it makes no sense. Especially the sell...
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    PropTrader - Daily exploits

    I'm a prop trader so account size, leverage, average % profit etc don't mean much to me sorry. We don't have much in common in that sense of money management. Buying power for me is basically whatever I want... position size is what I'm comfortable with because I have built up trust with my...
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    PropTrader - Daily exploits

    No problem, here is a screenshot of my month to date. I don't really want to post it for every individual day because first of all the accounting system updates overnight and I would like to comment on my day prior to the next trading day (our platform doesn't show accurate fees... and...
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    PropTrader - Daily exploits

    Rubbish day and bad trading. Broke my recent rule of avoiding the first 30mins and paid the price. I was down $1,100 in no time at all. Chop and lack of direction in the market and any sort of conviction on my part. Citi played its part in me being down... Contributing $700 to the red. At one...
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    PropTrader - Daily exploits

    Very slow day on Friday despite quad witching. Missed a couple of good moves on Citi but I couldn't make much sense of it so I decided to stay away from it once I started shorting a clear up trend. Never a good thing to do and caught myself without losing much. Played a couple of the additions...
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    PropTrader - Daily exploits

    Hey, yeah that's exactly it. You know what I have always been told... Much better to take that big loss at the start of the month rather then the end. Obviously better to avoid it all together though. It hurt but it was my fault... I took size on a choppy day
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    PropTrader - Daily exploits

    Date: 16/12/10 Net P&L: $1,000 Month to date: $8,300 Looked like it was going to be a choppy day... took a couple of trades and they all basically cancelled each other out. SIRI looked like it was going to break down big time but somehow recovered and was unchanged on the day...
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    PropTrader - Daily exploits

    Date: 15/12/10 Net P&L: $1100 Month to date: $7,300 C - $1,300. By far one of the easiest trades I have taken in C for a while. Unlike yesterday where I just sat and watched the melt down I took a short @ $4.62 after it had formed a nice base. Low risk of a pop and plenty of room...
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    PropTrader - Daily exploits

    Date: 10/12/10 Net P&L: $1400 Month to date: $6,200 +$600 C - I noticed it was a weak opening on Financials with the SPYs slowly heading higher financials couldn't get any traction. I have avoided the open for the past week or so but this time I took the trade. Really should have...
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    PropTrader - Daily exploits

    *In case it wasn't clear the first day was a large negative... worst in a while. I started trading yesterday but noticed a lot of chop and didn't see any clear direction. Days like these are ones where you can lose a lot of $$ without trying. I decided that this is exactly what I was going to...
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    PropTrader - Daily exploits

    This is a summary of my month to date: Date: 01/12/10 Net P&L: $3,042 Balance: $3,042 Date: 02/12/10 Net P&L: (157) Balance: ($3,200) Date: 03/12/10 Net P&L: $2,216 Balance: ($984) Date: 06/12/10 Net P&L: $1,095 Balance: $112 Date: 07/12/10...
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    PropTrader - Daily exploits

    Day trader at a Prop firm who is seeking consistency. I think that by keeping a history of my trading exploits each day it will force me to review my trading performance and to hopefully improve over time. I'm a complete discretionary trader using charts and reading the tape for entry and...
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