Search results

It's not a matter of comfort, I just think the indexes are exceedingly efficient and it's hard to find a consistent edge. Fear and greed move stocks in some nutty ways. Sometimes it doesn't take much to distort price. Those emotions are present in the indexes too, but they are muted and...

Been a pretty good week so far, all systems green, +18k with two days to go. (Probably just jinxed myself) I don't try to identify what kind of market it is or what way it's likely to go. I just execute the plan, and it doesn't involve guesswork. Besides, lots of stocks are doing their own...

I personally don't know anyone who makes consistent money trading ES. I don't know anyone who is a long term profitable trader who trades anything other than stocks. That's just me and who I know. I'm not saying it can't be done. I will trade it sometimes, but usually on a longer time frame...

If any one is wondering, all the posts of billyjoerob were deleted by the moderator after receiving a ton of complaints about them. I didn't ask for them to be deleted because I don't want to seem to be ducking his assertions. However his rants are quoted often enough that I think most...

I scale in and out on most of my trading.

No opinion, just plug in the numbers and press Go. Trying to guess what's going to happen usually costs me money.

Ummm... I was trying to be helpful. Do you know what a smiley means on the internet?

About 10, and I lost money just like everyone else.

Most of my pre-market routine involves reading news. Some of the strategies I trade, I don't want stocks in the news. I read every headline from the previous close right up until the open. I also have to look for stock splits, dividends, etc. I need about an hour before the open to get...

That stock moved a few bucks near the end of the day and closed at the highs. Trading for a reversion move on something like that left no chance to get out without a beating. I would have to go back to the chart and try to estimate what my size would have been, but I probably would have lost...

You are going to lose A LOT of money due to slippage sending orders like that. Switching to a broker like IB that supports pegged and iceberg orders would save you a ton. On the other hand, people who trade like that do help MY bottom line :)

It all varies by strategy. I've held trades for months waiting for a spread to come in. Very high win rate, but infrequent opportunity. Opening orders I am in only 5 or 10 minutes. Mean reversion during the day could be anything. I can't really average stuff out because everything is...

Hard to say, it is all over the map. Could be 30 seconds, could be the whole day. Average- I dunno, maybe 45 minutes?

It's directly related to market volatility, but I'd say $1-1.5M is a more accurate guess. And much of that is pared back early in the day.

Yes, I did set the bar low for this year. I don't know what the future will bring and I have been a bit concerned with all the anti-capital markets rhetoric out of washington. I hope they don't muck things up for us, but I have to be prepared if they do. It's nice to start the year off better...

Years. You just have to trade small and move up incrementally.

Now you look clueless AND you're grasping at straws. I'd politely ask you to stop, but I think your entertainment value is starting to surpass your annoyance factor. http://www.elitetrader.com/vb/showthread.php?s=&postid=2703577 How do you combine Excel with trading? Could you provide us...

Nah, BillyBob isn't a front for Tim Sykes. Read his other posts. He's a long-only guy who doesn't even know what a futures contract is. He dabbles in the markets and thinks that qualifies him to argue against a bunch of experienced traders about how things actually work. I like discussing...

I add liquidity most of the time and rarely use market orders. I collect more in rebates than I pay out, but not a significant amount. My commission rate works out to somewhere in the .002 to .0025 per share range. The trading I do in my IB account is profitable, but I make the vast majority...

Most of my trading is in nyse listed stocks, but I route more of my volume to ecn's than to the nyse. I'd guess maybe 20% of my volume is in nasdaq stocks and I almost never trade amex. Nowadays though where the stock is listed is almost irrelevant.