Search results

He also said that these were screen shots he used for demos, so don't read much into the actual numbers.

Congrats on the new career path, hope it's a profitable one for you. Remember this: If you don't come to the table with a large dose of humility, the market will provide it for you in spades.

Thanks for the tips guys. I already do run scans on prior day price action, this one made it through the filter. It's easy to look back with hindsight and say how obvious things were. However there are lots of instances where a stock will have that same price action, have a big gap up the...

Ha! I'm old, but my heart is strong and can handle a lot of abuse. The office implements within reach of me at 9:45 this morning did not fare so well.

I didn't notice how it closed yesterday or I probably would have had fewer shares, but likely still short. It was an opening orders trade. It gapped x% with no news, therefor I was short. Of course there was news, but nothing that was out before the open. One of the things that makes oo's so...

This week sucked, until Friday. Then it was just horrible. Nothing working, no volume, not much moving, way too many grinding trends. Short 6,000 FO on the open this morning, BOOM! $5 straight up in 10 minutes. I knew there was an ag report this morning and adjusted orders in all my...

Elaine Garzarelli 2.0

I've got no idea. My personal experience though is that something will cause a spike in volatility and catch a whole lot of people off guard. At first it will look like an innocent pullback, then people will worry, then they'll act irrationally. Earnings could certainly contribute to it. I'm...

I never trade close enough to my margin limit for it to be an issue. Between prop leverage and not trading very big in my retail account, I never really think about margin limits.

If you ask me, they should. Unless they are getting some worthwhile benefits they can't get elsewhere, OR they have a strategy that doesn't work at more traditional commission rates. If you are making money trading 50,000 shares for twenty cents, there's a good chance that won't work paying a...

Yes, I'm referring to "making it" part. Being able to survive the learning curve. Once you get past a certain point, trading can become easy. You can dial back the drive and almost put it on cruise. I've been doing this full time for almost nine years now and most people think I'm a slacker...

You can't teach passion. Period. I have people approach me all the time wanting to 'get into trading'. I always tell them the same thing, that trading is not a career where you take a course, learn it then start working. It's not like being a plumber or engineer or mechanic. I tell them...

http://www.vanityfair.com/business/features/2010/10/greeks-bearing-bonds-201010 A long article, but well written. It really shows the cultural issues that are going to make it hard for Greece to fix anything.

I just trade my own account. I'm not in the business of teaching or training.

Best week since early July, +15k. Not particularly busy, as usual, but nothing BAD happened and I caught a few good trades here and there. Daily pl was +1.5, -1.5, +5, +5, +5. Traded 301,000 shares. For the entire month of September: +$23,000 gross on 1.68M shares volume. 12 profitable...

Do you know story on how he died and WHY his rope broke? He was into tying multiple 150' climbing ropes together then jumping off cliffs and arches tied in to a climbing harness, basically bungee jumping. After doing several jumps on one rope, he left it anchored for weeks on a large cliff...

It's not something I lose any sleep over. If someone wanted to do that they'd have to be a high level person in the firm and then they'd have to dedicate a lot of time, either them or another employee to figure things out, write code, connect to the api, etc. And since I run multiple...

This market blows in so many ways. Really getting tired of the constant nothingness. First losing week since mid July, down $6,000. Traded 408,000 shares. Daily pl was +3, -6, -2, +3, -4 Nothing interesting to report, absolutely nothing.

I honestly have no idea. But % return is generally irrelevant with prop trading due to the available leverage.

I exit most of my trades by scaling out. I gradually sell more as the position moves in my favour. If the positions are small, I will usually exit all of it at a pre-determined level, or a pre-determined time. I think most of the good traders I know scale out of their positions. Sometimes...