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  1. L

    Grinding it out, day after day

    Again, it depends on the strategy. I'll trade anything under the right circumstance. I might not trade a chinese solar ipo as an intraday mean reversion play. But I might also not trade something as benign as XOM in a system that looks for S&P 500 correlation. How about all future...
  2. L

    Grinding it out, day after day

    Yes, regularly. Often times I don't like the stocks in a particular sector or I'll see some weird symbol in a scanner I don't know and just stay away from. Odds are better for some setups at different times of day too. Or it could be a case of a decent setup but the time for it to play out...
  3. L

    Grinding it out, day after day

    Yes. I actually don't like withdrawing cash, I like the cushion. It's psychological because I know I have the cash elsewhere if I did withdraw it. I like having it there if something big happens, either good or bad. Lots of opportunity or a big drawdown. I'm not worried about the financial...
  4. L

    Grinding it out, day after day

    Actually it's been going amazingly smooth to this point. We have 10 acres on the edge of the city. We're living in the original house and building the new one 50' away, so we're on top of things right away and always know what's going on. We have the best custom builder in the city and...
  5. L

    Grinding it out, day after day

    It varies by strategy but I basically determine position size by how much maximum heat I am willing to take. It's a guess and I err heavily on the conservative side. Having a lot of stats on past trades helps though. I increase size slowly. It's necessary to size up slower than the rate at...
  6. L

    Grinding it out, day after day

    My all in rate averages about .25. That is both Echo and IB combined, sec fees, ecn credits and rebates.
  7. L

    Grinding it out, day after day

    It varies by exchange and there are different rules for pre-market, but in this case it was 30 minutes.
  8. L

    Grinding it out, day after day

    Gross. Probably about 700 bucks in commissions and fees.
  9. L

    Grinding it out, day after day

    Really dull week, pretty dead after the open every day. I was out of the office after the first 60 to 90 minutes each day, just popping in now and then to see if anything was going on. +10,400 on 356,000 shrs. Daily pl was +5, +4, +3, -2, +1. Two errors this week for $2,000 each time...
  10. L

    Grinding it out, day after day

    By time frame I mean how long I expect to be in the trade. Some are quick scalps, some are an hour, some all day and some might be days or weeks. I look at charts as daily and intraday, I don't really care if the bars are 1, 2 or 5 minute. Sterling is ok. It's not the best platform I've...
  11. L

    Grinding it out, day after day

    Partly for liquidity reasons. I trade larger size knowing I'm risking different amounts for different parts of the position, if that makes sense. I think it helps with consistency too. Maybe it's not always the most efficient, but it just feels more comfortable to me.
  12. L

    Grinding it out, day after day

    I didn't go to college. I just know real basic stuff from reading, maybe one step beyond common sense. My systems aren't complicated, I believe in simple.
  13. L

    Can these Commissions be true

    They're true, but you will give up a percentage of your profits to get those rates.
  14. L

    Grinding it out, day after day

    No, I'm a stock whore. I'll trade anything, at the right price.
  15. L

    Grinding it out, day after day

    I do trade some trend stuff. I'd like to do more as it's a nice complement to rtm type strategies. Dustin's point was right though as it pertains to newbies, it would be better for them to start out trading with a tailwind instead of always trying to swim upstream. I've always traded from a...
  16. L

    Grinding it out, day after day

    I'm not too worried about being front run. My size isn't that big and I break my orders up and scale in and out. It's just not something I worry about. If I could go back to 18 years old with everything I know now I'd have started trading sooner, bought all the right stocks and be long retired.
  17. L

    Where Do Manipulators Get Their Inspiration From?

    Actually chart patters are decided by a group of the five wealthiest people in the world known as the pentaverate, who run everything in the world, including the newspapers. They meet tri-annually at a secret country mansion in Colorado known as the Meadows. So who's in this pentaverate? The...
  18. L

    Grinding it out, day after day

    It's ok S-Dog. A little more time with Rosetta Stone and you will pick up on those kinds of nuances with our language.
  19. L

    Pennies from heaven

    You'd be the last fill at 3.48 right before it went bid 3.47. Bank on it.
  20. L

    Grinding it out, day after day

    No, I don't size with the assumption that a $50 stock could triple in price instantly. If I did that I'd never trade more than 100 shares. Yes bad stuff can happen but you have to be reasonable. There is almost always a chance to mitigate the damage along the way.
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