Most traders use leveraged accounts, percentage gain is meaning less. % gain is for investors who park their money somewhere and hope desperately. Not for traders who want to make a living.
Ever heard of the ratios of cagr, omega, sterling...
after a long time, I'm seeing today none(very few) stocks moved up after first 30 mins. SnP is down every now and then but today there is hardly any buying anywhere. If it remains like this till 4pm can indicate substantial weakness.
Once the account size grows over 10 million, it's too tough to daytrade in stocks. Just can't hit 50k shares on the bid, can you...
Currently most famous traders manage money in billions.
anf-aeo-gps... they move beautifully on substantial news.
btw gps was a butter trade... opened above prev close. Hard for me to believe anyone watching was not short around 20.80.
I've decided to cut size for trades at open for next few days.
thanks for the reply. I had 500 short, got out 400 at 35.18(-80$), was looking to re-establish. What pissed me off was the day's largest move(I dont think it will make a 1.6$ full move rest of day) was too tough to ride on. Couple of days back I remember RMBS making 2$(or 7$ if you dont consider...
I was just short ANF at 34.98 in few first few seconds after market open. It went up to 35.30 and I got out, looking to re-establish once it start moving lower. They take the stock down a point in one fucking minute. I was trading another stock and could not re-establish. The biggest move of the...
Thanks for your replies.
Yes but again it requires good coding skills due to the complexity in my style of trading; while I'm more or less a noob at VBA.
I'm taking off for two weeks. Maybe after coming back will try to learn some coding stuff or try sites like rentacoder.com.