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No way it can gain too much support, everyone there is fat...

I was being rhetorical, I trade that way manually and am looking to add more automation. I don't worry too much about edge saturation because it's too hard to teach and requires too much feel on the risk management side when it's not working right. I loved your answer, ammo!

If I have no idea about a stock's direction, except that it will maintain a 30 cent range, how do I profitably day trade it? My stop loss is based on an unexpected range expansion.... and this is an equity daytrade, not an option trade. I say "hey this stock will probably stay between 20.20...

totally disagree. if you have no funds left to keep averaging down your plan is failed. if you have no stop your plan is failed. using small portions to accumulate a position and end up long near the bottom or short near the top is a good way to trade provided you have a concept of risk...

Losing days are inevitable. Breaking rules and losing emotional control happen on many of my bigger losing days, however small and medium sized losing days are often an inevitable part of trading a real edge. If 4 days you make $500-1000 and 1 day you lose $100-400, all the while trading your...

It says on that bloomberg screenshot the exchange is P... = arca, right? How was there 0 liquidity on the arca book, out of nowhere? An Arca glitch?

The principle makes sense if you pick the right stocks to do it in, in the right zones, but based on the capital you said you have I think you're taking on way too much risk. Study the stocks that went bankrupt in the financial crisis; BSC, LEH, WM, IMB(IMDCQ), GM, etc. they all doubled at SOME...

Started when I turned 18, trading at an NYC prop shop. Never went to college... this business is all I know.

Also, you may want to find a non-overweight girlfriend. Or, if you want to keep 100%, you should absolutely by no means pay over .003, really, .0025ish. Get either 100%+.0025 or 75% + .0002 Depending on your ratio, do the math. For me, in the biggest whackiest moving of markets...

You sort of have to pay your dues in the business. As you have more experience you can get a better rate. They've gotten me for hundreds of thousands. The ECN costs don't count, since if you add liquidity you can make money from them. I make something like $4k/month in ECN credits. Try...

http://www.youtube.com/watch?v=dNDYArDUgSg

I had the same problem, made less than 10k in 2009. 2008 was my second year in the business and I made 6 figures. I'm not sure that things have changed that much, but when I ran out of all my money from 2008 and started going into debt I had help from a great friend, and since them I've been...

Great day very happy.

w00t killer day. Made back my loss from last week, finally. Didn't trade monday, and I made $200 yesterday.

They are few and far between but we do exist. Those who have been at it for many years and have 7 figure savings know just how rare they are and how unlikely it would be for another to repeat their performance. It's a very tough business.

Half day.

horrible

Took me 15 months, had profitable months before that. Then after about a year I lost it and had to start from scratch.

No you can't route to arca for 20 mils... the order will just post in the edgabook and await an incoming order to match it.

Good day. Was a battle.