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How is lightspeed platform with options? All I've heard is "it sucks" but never seen it in action.

P/L for week 5/28: -4k on 660k shares +5, +5, -6, -5, -3 A frustrating week of overtrading. Evidently I did not lose enough on index plays (SPY, SQQQ, UPRO) the prior week to keep my promise to myself to stay away from them, but I think I've finally finished my tuition for that lesson...

Would it surprise you that all those sub-penny fills ahead of your limit order is the same b/d hitting himself, perhaps indirectly? How else could he goad you into lowering your offer, he needs to make it look like someone else is buying but you're missing out. Tape painting is apparently...

Yes, it's something very difficult for me to pull off but I'm getting better at identifying when it's the right play. That given, I've also lost incredible multiples of ATR flipping back and forth losing positions, so it's definitely not something I actively try to implement. If trading...

It's a slippery slope to go down that road, cuz no matter how much you backtest or how incredibly profitable it may be, the one time all hell breaks loose like on 5/6 your stops may not be able to save you at all. But like anything else, there are appropriate times to do it and usually has more...

I usually only use stops when I have too many positions to look at (7-8+), or when there's a pretty obvious line in the sand after I've mentally given up on the position already. I don't know if it's just a function of the way I trade, but there have been times when I'm trading very...

P/L for week 5/21: +25k on 720k shares traded +13, +15, -8, -8, +13 A good chunk of both profits and losses/drawdowns this week was the result of market bias -- a sword that cuts both ways. Worked out well monday and tuesday, then got caught offsides thursday, which led to a very deep...

Congrats on your week! You mentioned that you use SPY as a hedge, but why not just trade SPY itself? I'm assuming most of your profits today came from buying stocks off the open -- wouldn't it be easier to just buy say 30k shares of SPY instead of managing scores of individual stock...

The only justification I can see for quitting when you're up is if you're primarily a discretionary or "gut" trader and you are prone to frustration; if you find that giving back a good chunk of your morning colors your perception and causes overtrading, it may well be true that the next or...

Don't tell me this was out for one week only in nyc :(

Systematically lock in say 10k, and you'll be unable to sit for those 50k+ days. It all depends on how much you think you deserve . . .

P/L for the week 5/14: +6k on 458k shares traded +10, -3, +2, -10, +7 I'll confess that I bought a translated copy of AoW years ago but never sat down and read its entirety with any seriousness; back then, I think I found much of the wisdom therein kind of opaque in regards to how it...

Most people lose because most people think the odds are 50/50 :P

Nice way to break a new high!!

P/L for the week: a big fat 0 on 546k shares traded +3, -5, +15, -5, -8 A frustrating week but just glad to be alive considering. Monday was really the only day I stuck to my guns, trading a mere 28k shares. But each day thereafter I can say I really strayed from the gameplan; some days...

Can someone explain what this means? Is it like me saying "I was on the right side of BIDU before their earnings report and with that 90 point gap-up I now have a lot more cushion to give back daytrading it"? To me options traders not only come to learn greek, but also the fine art of...

The only way to guarantee that is to close the positions. Nice trading!

Thanks SD. I'm going to try and maintain the same focus (and un-focus too) this week and see if the changes hold water. With regards to flipping positions, it's just a personal failing of mine that I've always had a hard time letting go of profitable positions that start to deteriorate...

I just trade stocks, usually I'll trade anything in play that day, maybe 10-15 names on avg. I don't specialize or prefer any particular type of trading, but I guess you could say my initial instinct is looking to join the breakouts rather than fade them. But usually I'm not comfortable with...

P/L for the week: +18k on 434k shares traded +4, +7, -2, +3, +6 I tried very hard to stick with the best of what I knew this week, of course there were still a few ugly episodes but the number of good trades (as well as opportunities I saw but missed) greatly outnumbered the losers, and I...