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  1. I

    Through the Looking Glass

    P/L for week 7/16: +11k on 520k shares -3, +8, +0, +5, +1 Overtraded a couple days (160k, 100k shares), but still resolved to keep my mind and equity focused on the best setups. I had overnight shorts throughout the week which kept me biased to the downside, but of course I end up taking...
  2. I

    GS massive score

    Are market makers actually sitting there with thousands of contracts offered at .01? Hard to believe.
  3. I

    Through the Looking Glass

    Like RN said once before, you have to WANT to be disciplined, nothing can force you to do it. I'm still at a place where doing the right thing is hard at times. My instinct for protecting my equity just isn't automatic like it should be, whereas I'll take to risk like a duck takes to water...
  4. I

    Through the Looking Glass

    P/L for week 7/9: -12k on 100k shares traded +5, -3, -2, -12 Traded from home for a couple days, then got whacked adding into a loser on friday for a 12k loss on a single position. Such is the risk of larger position size when discipline is not one of my strong suits. The lesson...
  5. I

    Schonfeld Traders R.I.P.

    The risk/reward just isn't there for those looking for pennies, nickels, dimes -- hasn't been for a while. But the lack of liquidity has its advantages as well.
  6. I

    Through the Looking Glass

    I am also extra wary of the afternoon session; when one considers where intraday "noise" comes from in terms of say a daily time frame, it's usually the afternoon into the close that is most deceptive, with the open being a close second.
  7. I

    any edge in timeframe?

    It's just not enough in the intraday time frame to trade equities purely off charts, the traditional patterns, s&r, etc are all much more prone to noise; of course they are essential in showing where price has been, but for comparison's sake buying a dictionary isn't going to make you the next...
  8. I

    any edge in timeframe?

    Imo, any chart on intraday time frame is too slow, unless you know the stock back to front already and just use it as a reference for the recent past (what charts are good for really). Remember, on an intraday level, you are going up against traders who trade a stock each and every session...
  9. I

    Through the Looking Glass

    If you mean averaging down, it's might be true at times but that's usually how I also get killed as well. It's the main reason why I stayed below 2k shares for so long, since every time before I had asked for a higher max I would get crushed eventually on an avg down gone wrong. This time...
  10. I

    Through the Looking Glass

    P/L week ended 7/2: +12k on 320k shares -2, +1, +6, +2, +5 Key adjustment for the week was raising my max position size to 4k from 1.5k shares; +1 if you can figure out how it helped.
  11. I

    Dndn

    Down 7 afterhours, didn't CNBC mention alot of oom puts bought a few weeks ago?
  12. I

    Through the Looking Glass

    P/L for week 6/25: -7k on 460k shares +4, 0, -3, -9, +1 Again, discipline fails. This month is shaping up to be my worst in a few years, no doubt I'm definitely feeling pressure, even when having a decent day, to "push". I've changed certain parameters that I think have hurt me in the...
  13. I

    BP and Weekly Options

    Whatever happened to single session options?
  14. I

    Through the Looking Glass

    P/L for week 6/18: +2k on 400k shares +3, +1, -3, -1, +2 The mental re-grouping continues; reworking one's stance towards the markets in general as well as day-to-day trading is not easy to accomplish overnight. Given your edge, do you "know" what your ideal day looks like, meaning your...
  15. I

    Through the Looking Glass

    Put it this way, there's nothing to be gleaned from a chart from how I trade, any points to be made would all just be retrospect and "obvious" in hindsight. And yeah, I'm not giving anything away here edgewise -- not that you would want to know anyway given the performance. I'll give an...
  16. I

    Through the Looking Glass

    The biggest losses are usually: me getting caught wrongfooted off a news event when volatility is high, and just not taking my loss or worse averaging down; or me getting whipped back and forth by programs and succumbing to frustration trades; or me making a big bet on market direction and being...
  17. I

    Through the Looking Glass

    P/L for week 6/11: -11k on 320k shares -10, -5, +5 -1, 0 First half of the week just a continuation of previous before I finally settled down. Nothing more to add from a personal standpoint. For the rest of you out there: the more I try to convince myself that "you don't need to know...
  18. I

    Through the Looking Glass

    Thanks for the reminders and encouragement, this lesson has been a repeat lesson years in the making, and the culprit has always been success -- or at least my reaction to it. I've never been able to just keep cruising with what's working, I've always been one to keep pushing my game, cuz in...
  19. I

    Through the Looking Glass

    P/L for week 6/4: -32k on 250k shares traded +10, -32, -2, -8 Well it was bound to catch up to me, there were just too many days last month where I needed to fight back from a severe drawdown -- this was finally the one that really got away. And so I throw my hands up in surrender for a...
  20. I

    Laptop suggestions?

    Anyone recommend an out-of-box laptop under 1k? Nothing exravagant, decent screen size is only priority.
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