This post will be off topic, but I guess it is a good way to illustrate how playing on a good team is a big advantage.
TraderRX:
First of all, while she answers my questions she doesn't really call stuff out, so there is no way to follow her step by step lol.
She is extremely consistent, with 1 down day a month. And she is not the scalper type, she trades some really fast movers like AGN, CRA, DNA, LH, GS, etc . . . She pulls multiple points off those stocks consistently. She pyramids into her positions and she can handle 5000 shares in a stock like CRA (if you trade NYSE, you will have respect for that, the specialist in that stock is TOUGH). She is very patient, holds through wiggles and pullbacks. She trades a basket of 50 stocks and does news and daily candlesticks for them.
That said, of all of her qualities, the biggest asset she has is her tape reading skill. I have been completely stunned by the way she gets in and out near top/bottoms. She doesn't rely on chart much, just a plain candlestick chart with not even moving averages. The basis of her strategy is the same as mine, trade stocks based on futures/sector index moves. The tape reading is the difference. Two days ago, we were both shorting brokers on a XBD sell-off, futures/XBD both were coming straight down, GS had a big ASK at .91 and a big BID at .90, and I was short off the figure, I asked her if she is shorting GS (one of her favorite stocks) and she said she just covered it, the specialist was hitting the BID like crazy! Sure enough, it was all fake, he was gathering shares there and next thing I know I stopped out for a loss in the trade.
Put it this way, if we both are in a trade and I get out first, there is more money to be made, if she gets out first I would be the one holding the bag. This happens EVERY SINGLE trade we do together, plain amazing. What amazes me even more is the way she gets out of her positions. Sometimes, it feels like she doesn't even care about her positions, letting them run and sitting through wiggles, sometimes, it feels like she moves with the speed of a bullet, covering her short at precisely the climax print after a long down trend . . . flipping her position ar precise levels. It makes my jaw drop the way she exit her positions, sometimes sitting through half a point to full point shakeout's . . . She pulled off 9 points off LH on one day. I guess it is because she is really familar with her stocks and can trade with total confidence, her all time best was 31K in one day and she pulled 18K off AGN, and anyone else on my team who have ever attempted to trade that stock lost money in it . . . she has a great eye for traps, consistently shorts fake morning gap-up's, like this morning I thought there will be another energy reversal, when I asked her she said she didn't trade energy today, sure enough it was choppy, I finished with +$60 on the day thanks to focusing on energy sectors and missing the XBD's, SOX's, and DRG's . . .
That's EXCEPTIONAL, a word I do not give very lightly, like making 12K on a light volume Friday before memorial weekend, like being a top 25 trader at this firm in less than a year . . .
The word exceptional would be an understatement . . .
