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I'm sorry Lescor, ...but something is not adding up to me. If your size on rtm trades are pretty small, and most of your trades are based on rtm, how can you pull $75k+ out of the market per month in earnings? Are you trading a few thousand shares per stock, but a basket of several...

Good job Lescor, How do you manage to keep your losses at such minimal amounts, especially considering that you average down (scale-in)? I would imagine that when a painful trend is going against you while averaging down, the magnitude of the loss could be pretty extreme... Walt

Would you care to elaborate?? thanks, Walt

Dustin, Are you waiting on 4 - 6 std dev reversal set-ups or the like? Walt

Hey Lescor, Do you think that over the long haul RTM works better with highly liquid large cap stocks? You mentioned that you tend to trade low liquidity stocks, as they have inefficiencies to exploit. Although low liquidity small/mid cap stocks may have inefficiencies, I cannot help but to...

My personality prefers RTM, as it seems intuitively logical based on the ebb & flow patterns of the market. However, as of late, I've been bewildered at the market's ability to continue with a strong trend on a frequent basis. I wish there was a steadfast rule for RTM, such as +/- 3 std dev...

Hey Robert, How frequently do you "go along for the ride"? Lately, my timing has been terrible. It seems that I fade when I should trend, and I trend when I should fade... aarghhh!!!! I wonder if I should be a pure trendist or a pure fader...

Lescor, Despite the losses during the latter part of the week, the good thing is that you know how to manage your losses and keep them to a minimum. As a result, your gains this week are still better than most traders experience in more than a month... Walt

Bob, Do you ever fade the pullbacks? I'm having a tough time this week with "reversion to mean", as the stocks I'm trading have been caught in strong trends. However, if I were able to catch a pullback, then I would have been o.k. Of course, the million dollar question is how to...

I've been having success with a RTM basket strategy. However, sometimes scaling-in (avg down) could save you from a loss, and other times it could absolutely bury you... I lost about 2 wks worth of gains in one day today due to scaling-in (averaging down). The irony is that when I initially...

Maggie, Thanks for the "heads-up"; however, you must be joking... Such actions would cause stiff penalties/fines from the SEC and/or NASD against IB... thanks, Walt

Hey Corey, Did you avg down (scale-in) on your short positions today...? Walt

Although I trade both the futures and equity market, I must admit that I finally accepted the fact that it's much easier to make money in the equity market. That has been my experience, as well as quite a few other traders here on ET. I understand that folks have discovered an edge in the...

Statistical Arbitrage Strategist...

Thanks for the reply, Don... What are your thoughts about scaling-in (averaging down) once or twice with Opening Orders? In other words, as an example: enter another limit order if the open order does not reverse within the 1st 5 ticks after the opening print; however, plan on exiting...

Would you say that the "old timers" are as profitable as the Fair Value technique? In other words, if the Fair Value style produces a win rate of 70%+, are the "old timers" experiencing a win rate on par or better than 70%? thanks, Walt

Is anyone willing to complete an API coding for a reasonable fee? thanks, Walt

Another quick question about Open Orders... If your envelope limit orders will be filled at the opening print, as long as the opening print is a better price than your limit order, then it really shouldn't matter how accurately you calculated the stock's FV and placed your envelopes. The only...

Has anyone done a historical comparison of the FV envelope method vs. fade the opening print of a gap that's not news related? thanks, Walt

I'm not good with writing macros and using API... Is there a way to contact someone who could code this for a reasonable price? thanks, Walt