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Yes, it's always a trade off. Wider envelopes have better odds, but fewer fills. More stocks will give you more fills but then you increase the chances of missing news or getting so many fills on busy days that you can't handle it. Everybody has to find their own sweet spot.

You could ask him to give you $1000, then kick him in the balls. That way he'll know what it feels like to trade for real! Fun eh?

1st question- no thanks, that'd be like getting a job or something. I like things the way they are 2nd- no, it was an Echotrade office.

I don't trade on any canadian exchanges. Never seriously looked into it though. Taxes for traders in Canada are much simpler than the US. Search for a few interpretation bulletins from cra that explain most of it. Basically if you do it for a living, your income is income and your expenses...

Yes and Yes. I don't do much pair trading.

Ha! I have no wisdom regarding futures. If the market drops a whole bunch or goes up a whole bunch quickly on some panic, fade it, wait a few days or weeks and cover. That's about all I know about trading futures profitably. I was buying the sell off that started in late January, and...

I don't pay attention to pre-market activity aside from using to it to try to judge news events. I also don't use opening imbalances.

If you want more fills, tighten your envelope. It's not hard to cover the news for 30 stocks, pre-market bid ask is not much use most of the time.

Trade SMALL until you've established that you have a real edge, then size up slowly. The thing that kills new guys is they come in and start trading 1000 shares at a time and blow through their money way too quick. I think almost anyone can make it in trading IF they can survive the learning...

Is that they are trading someone else's money with no risk to themselves. Pretty huge difference wouldn't you say?

No reason, that's just how many were active enough to produce meaningful numbers. I have a few more than that, but they don't trade much or are inactive much of the time. I'll trade any system that produces a good return for the time I have to put into it. I am wary about having too much...

If its a trading business, then trading income is business income, taxed at the lower rate. Your business should also qualify as an eligible canadian small business. Get a good accountant, it's worth the money. I pay decent money to one of the big name firms and have had the same guy for...

Nope.

I agree with the above posters. You are assuming that all your purchases will increase in value and that the companies will not miss any of their coupon payments. You should be careful when you think you know for a certainty what will happen.

I'm generally pretty even long / short. I don't make guessing market direction part of my systems. If I want to indulge a hunch I'll put on a position with ES or SPY. But my guesswork isn't much better then anyone else's so I don't bet big.

And what was my position size in this trade?

DeltaSpread, thanks for your post. I appreciate hearing that and am glad you've gotten something out of this thread. Regarding risk:reward, again, you guys have to remember that I am trading multiple different strategies all with different stats and time frames. I can't answer a question...

I only have one strategy that involves hedging. It's kind of a relative value stat arb strat that holds many stocks at once and I start adding spy if I get too skewed long or short so that my p/l is not depending too much on market direction. I've experimented with hedging to offset bad...

That's total bull and it's dangerous for inexperienced traders to think that's how it has to be done. It isn't a race. Preserve capital above all else and execute a positive expectancy edge as often as you can and you'll make lots of money. The home run hitters who strike it rich are the...

I like watching it. Lots of strategy and some incredible shot making skill. I just went curling with some friends last night for the first time in 20 years. I now have way more respect for the skill involved. It's a lot harder than it looks. It's not very physically demanding, but...