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consistency over an extended period of time

no prop in dallas

I would like to know anyone's experience with SIGMA X, are you who are using it, using it to mainly get into and out of shares between the spread? Prints outside? Anyone getting in on the timed cross at 10:30? Trying to learn as much as I can about this. PM if neccessary.

My SPY chart is 10 min faster than real time. Cost $10 a month but well worth it.

I would adjust accordingly. When you decide you want to trade 5k blocks, doesn't mean you do it on MA. If you are comfortable trading 100 shares on $100+ stocks try 400 or 500. Im hoping the OP can see L2 quotes and can adjust his size according to liquidity.

I agree, you just...do it. Make yourself uncomfortable a couple times by putting on a big postion. If you are confident in your ability to be consistently profitable, just put the trade on. Try to only look at the cents, not the dollars you are up or down in the trade. $0.10 is $0.10 with...

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Exactly, would you rather compete with sophisticated algo's during lunch -- or fearful, greedy people at market open and close. This is day trading 101.

2 hour lunch is not unusual. Most people get churned mid day. There is the occasional mid day move that is worth staying around for. It all depends on your style of trading. Myself, I take about a 15 min break around lunch time and thats it. My style of trading requires me to be infront of the...

congrats you just owned everyone and got rich, nice

Anyone think this is a setup for an april fools joke? :eek: :cool:

I think you answered your own question here. If the people saying this is the hardest market they have ever traded are in their 20's...they are probably correct. Most "young bucks" were in jr high and high school in the 90's -- not trading shitty markets. So yes, this probably is the hardest...

There will always be something to trade. With change in the market comes opportunity. People have been calling the death of daytrading since it started.

One of the best parts about trading prop or with other traders -- find out what others are doing to make money and do it until it doesnt work anymore.

Ive actually found cn(the silver lining)bc to be exceptionally bullish the last couple days. More so than normal.

100%

First of all, losing $100 trading 16,000 shares is not bad, in fact, I would call that good. Most people lose money. The ones that make it usually follow this cycle: lose money, tread water, become profitable, become REALLY profitable. The more screen time you get the better. Trade your ass...

I agree. It totally depends on what type of trading you want. If quant trading is your thing math and science are the way to go -- but its worth noting: George Soros -- London School of Economics Stevie Cohen -- Wharton School of Business Paul Tudor Jones -- University of Virginia...

Most of this is horrible advice. You can only learn about yourself and how you react from placing real trades. You won't get much from a psychology degree related to trading. People offering this advice have more than likely never taken college level psychology classes. They are confusing...

60% win percentage does not make a profitable system. You can be right 60% of the time and still lose boatloads of money. To make the system profitable you would need to manage downside risk and let winners run. Incorporate risk/reward.