Search results

Not always.

My size on rtm trades is pretty small, usually a few thousand shares max. I'm not too concerned with distorting the market. Adding and hoping is not what I would call a sound strategy. I add to positions as the odds of them being profitable increases, it's part of the system. I rarely...

The entry is among the least important parts of a trading system. Bet size and risk management are much more important. Just knowing when to enter a trade is hardly a system.

Expectancy= (win rate * avg win) + (loss rate * avg loss) R:R is usually expressed as dollars risked compared to size of wins. It doesn't take into account win rate, though some people might define it differently. R:R is a ratio, expectancy is usually expressed as a dollar amount. They're...

March ended at +62k gross. 2M shares traded. YTD is 215k gross, 6.7M shares Net on the year is right about 200k. The year has started out better than I'd hoped for. I'm most pleased about the consistency I've had thus far. No real bad hits, daily win rate in line with my historical...

+2,000 for the 4 day week, 246,000 shrs traded. Daily p/l was -1, -6, +9, 0 I'll try to give an update for the month and quarter, but I'm heading out of town during the long weekend.

Most firms require only a pulse and some cash. Sometimes you also need enough reading comprehension to pass a licensing exam.

I have a chart with a bunch of lines. When the price hits a line, I buy or sell, when it hits another line, I add. When it comes back and starts hitting more lines, I cover. If it hits the wrong lines I say "oh crap" and take a loss. The lines are just numbers I pull out of my ass that...

I think it can work equally well with all types of stocks. You might apply different parameters to different stocks, but the premise remains the same. Welcome to the world of rtm trading.

No, I'd put on my night vision goggles and snicker.

I only record individual trades for a couple strategies so I don't really know the average. It'd be rare for me to have a $8,000 to $10,000 trade, win or lose.

Ummm.... why would I?

Could be seconds, could be hours, could be days. DOTS. That's my new term I just came up with for this thread. Depends On The Strategy.

The news isn't important. How the market reacts to it is what matters. In other words, don't try to figure out what the market will do. Just react to what it does do.

I wasn't bashing him. I said he's "consistent and better than average" but is not taking advantage of his experience by growing bigger as a trader. You think someone who tries to consistently grow his account and trade commensurate larger size along with that is a gambler?

I average about 70% winning days. 74% in '08, 66% in '09, 72% so far this year. I definitely have some big days but I wouldn't say a handful of those make up the bulk of my profits. My top 10 biggest days might account for over half my profits, but my top 10 biggest losing days would be a...

It depends on the day and what opportunities come up. Most days 3 or 4. I think I've employed 7 or 8 this year at one time or another. I posted earlier the break down percentage-wise among them. This year about 70% of my total is from two strategies.

Most of my profitable exits are either at a target or a time out. I have a hard time being patient enough to hold on for a trend to develop. More accurately, I haven't put the time in to come up with a method to hold on for a trend to develop.

I look at the daily chart but only to see if it's done something really unusual lately. Like if a stock has moved up 20% in a few days and starts selling off, I'd be wary of going long because on the daily chart it might be ready for a pullback. I also will adjust my size down if the stock has...

The same as every other daytrader article. Ignorance and underlying anger by the author at the idea of someone actually doing this and not losing. Interesting comment on one of the guys profiled. Averages $100 to $120k a year for ten years. Consistent and better than average but a...