Search results

  1. L

    Grinding it out, day after day

    I would trade it on a longer time frame just using basic TA. When I do trade ES, I'm usually holding it for days or weeks, occasionally for most of the day. I don't scalp it all that much.
  2. L

    Grinding it out, day after day

    +8900 gross for the week, 519,000 shares traded. Daily p/l +13, +2, -2, 0, -4 Monday was great, had a lot of longs for the nice rally we had. The rest of the week pretty much sucked. Still trading the first hour or so then not much after that. Implemented a new strategy this week that...
  3. L

    “Easy-to-short” list ... are all brokers the same?

    They're not all the same. I have accounts at IB and a firm that clears through Merrill. IB is way better for short availability.
  4. L

    Excessive Leverage

    Yep. You'd think this would be common sense, but apparently not.
  5. L

    Grinding it out, day after day

    Great work ethic, humble, somewhat of mind for numbers, a strong interest in trading, rational thinker, able to keep a positive attitude and stay focused in the face of adversity, open minded, disciplined.
  6. L

    House passes healthcare overhaul, a major victory for Obama

    Ummm.... You know the government is running it, right?
  7. L

    Grinding it out, day after day

    At a minimum you should collect enough stats to calculate the expectancy of your system. Just collect as many different stats as is reasonable. Better to have too much and filter out or ignore some of it than to want to know the answer to a question but you can't because you don't have the...
  8. L

    Grinding it out, day after day

    I don't really talk about my success with anyone. I'm sure most have their opinions and I don't really care what they think. People ask my all the time about the market and what to do or if I have any tips. I tell them I don't know what's going to happen, and my opinion could change 5x a...
  9. L

    Grinding it out, day after day

    As I've said before, it goes kind of like this: You observe, hear about, read about something in the market. Maybe a pattern, a quirky price move, something weird on the tape. Or it could just be a "I wonder if..." thought. You formulate a theory as to why there might be a tradeable edge...
  10. L

    Taking 410K to 4million by Year End 2010

    Exactly, who knows... You've identified trending stocks, just buying them doesn't mean you'll make any money. The entry is among the least important things in trading profitably. You throw out some symbols, unless you are also tossing in a clearly explained trading plan it's kind of pointless.
  11. L

    Taking 410K to 4million by Year End 2010

    Please define a "secure uptrend"
  12. L

    Grinding it out, day after day

    Opening orders. Nothing like what you're talking about here.
  13. L

    Is it really necessary to trade 100K-300K+ shares a day to make a living trading?

    You can operate a low margin, high volume business or you can make a higher markup on fewer items moved. Both businesses can have the same bottom line. You can trade a million shares a day for a penny or you can swing trade a couple thousand shares a day for a couple dollars and make the...
  14. L

    Grinding it out, day after day

    I trade alone from home. My "assistant" is my sister in law who I taught some of my systems to. She helps me cover the news pre-market. Assistant just sounds fancier than sister in law. My "operation" is a Dell pc, 4 screens, a laptop and a desk. Nothing special at all.
  15. L

    Grinding it out, day after day

    Nope, pretty much figured stuff out on my own.
  16. L

    Grinding it out, day after day

    Mostly I just try to identify what parameters for entry or exit are producing most of my profits and where most of my loses are coming from. I try to improve or add size to what's working and cut back, modify or eliminate what isn't working.
  17. L

    Grinding it out, day after day

    If I thought last week was dull, wow this week was a real snoozer, at least until 9:30 this morning. It looked like my green week streak was going to end as I was down about 3k after Thursday. But the quad witching came through and I had my best day since August 21st of last year, +22,500...
  18. L

    Grinding it out, day after day

    No, hasn't lost it's edge. Profitability definitely goes down as volatility gets less and less though, but that's nothing new.
  19. L

    Grinding it out, day after day

    Haven't really changed much there. Been pretty consistent over the years, probably averages 25% of my total.
  20. L

    Grinding it out, day after day

    I'd say I'm comfortable, but definitely not set. In a way I am trading smaller size because I'm not really any bigger than I was two years ago but I have more capital to work with. I've reached a comfort level with the risk I take and I think that helps a lot with my consistency and my mental...
Back
Top