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I actually changed my approach. Since I moved away from those too volatile stocks to those that have 1.5 beta volatility or below I have a whole list of about 30 stocks which get into parameters we got from more experienced trader. I have been working on reducing my losses since I realized...

Ok, to set things clear. I trade with prop firm's money. No position overnight allowed. It is only intraday trading. I have no money of my own to risk. Hence, I have no choice but trade intraday. Risk is increased with experience and achievements. 100 shares $20. 300 shares $30. 500=$60. 1000...

I understand you, but I have not lost much. about $450 for all this period. it is 2 months and a week. Not this much actually and less than other. much less.

Today traded safer stocks. Won/ lost stayed flat. I did not go completely with my plan, would have been $8 up.

$20 it is only for beginners. It is going much higher for experienced traders. Up to $1000 nds a day. I think I will stick here as new experienced guy looks like bringing an order and system into our trading. At least we are starting looking at stocks thatb are reasonable to trade with $20...

I also noticed statistically important behavior of one of such stocks. To say important is that I back tested its behavior over the past 3 months and entry on signal would bring 75% winning rate. The problem, that this stock often after this signal and entry would go into red and stay their...

Yesterday afternoon and tonight I was thinking and came to important realization. Me and other guys at our office have been barking on wrong tree all this time. As I already explained, this is a new office and floor manager and his assistant are not professional traders or floor managers. They...

" Intelligent ignorance. The other day, I was talking with someone who casually trades and they asked me for my opinion on some of some popular stocks, AAPL, GOOG, RIMM. I said I know what general business they are in but that’s it. I know nothing else nor did I care to know. Furthermore I...

I wonder, why are you arguing with me? It is not me who set these rules of $20, $30, $50 and so forth maximum losses per day. It is the firm. I do bet. But within limits set. From what I see I think it is possible to make money this way, but it is much harder.

I think trading 100 shares with $20 limit or 200 shares with $30 limit is quite possible but requires a lot of patience and discipline.

The funny part that same trades at same prices happened yesterday :)

Floor manager told that experienced successful guy is coming over on Monday and that he will teach us some strategies with low risk. It will be interesting. The guy has been in our office and gave a lecture. he sounded like someone who knows what he is doing.

Last week I got new strategy to learn. This is contra trend strategy which generally speaking is a hunt for reversal. This is a good one. I have been learning to trade it since last Friday and results have not been good. Generally the whole point is to lose a little when wrong and to let profits...

MA languages.

One more thing. when trading FAZ and FAS the difference lies also in liquidity. While FAS looks like overall liquid it has very low liquidity at each price level. 100-500 shares per each 1 cent level. While FAZ has liquidity per each price level of 200000 shares. I am trading firms' capital...

What I mean is when i am allowed to trade 500 shares with $60-70 daily loss limit, I can trade FAS with 100 shares size.

Yes, I like FAS as well, but how can you trade it confidently with daily loss limit of 20 ticks? When I am allowed to trade 500 shares and have $60-70 daily loss limit it is time to trade FAS. I have seen guys winning one day $30 on Fas and then losing way more. I do not want my account drop...

You have not read carefully the whole thread. 1. I trade firms' capital: SPY is too expensive for us. We trade cheaper stocks. 2. I do not chase stocks but trade 3 stocks: MS, FAZ and WFC. Mostly MS. 3. I am doing fine when I am disciplined. 4. If I trade SPY what I can use to see...

Hi bighog, I trade MS, FAZ and WFC now. They all used to be more volatile but this week volatility is so so. Some guys started trading FAS. I have checked it. It looks like a way too much of a good thing for guys with 20 ticks daily loss limit :)

I need to add some. I am obviously looking for support and resistance but after reading through Title Trading Volume II Theory I started watching for other things. When S/R is approached I start watching Orders Window to find my entry point if possible. I never set orders or open trades...