Another $1k winning day... finally

ChipShotTrader said:
A "G" a day, keeps the doctor away...

That was our motto, first year...
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You were aiming for a $Billion a day in your first year :cool:

Were you working for a hedge fund with a $Trillion aum?

haha, i know it you meant, 'G' for Grand, but we are in the micro computer age and the terminology for one thousand is 'K' now. 'G' is now one Billion.

A 'K' a day keeps bankruptcy away.
 
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deaddog said:
A couple comments:

I think I've mentioned this before, but without the context of account size a $1K winning day doesn't mean much.

Why do we never see your losing days? :sneaky::sneaky:
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If he was betting bearish all this time, then asking this is a rhetorical question. You know being a Perma bear, he lost more than he made thus far.
 
TimtheEnchanter said:
If he was betting bearish all this time, then asking this is a rhetorical question. You know being a Perma bear, he lost more than he made thus far.
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I'm no way a perma bear.... earlier this year I've been trading long day and swing trades eg MARA X TLRY dozens more. I do up to 40+ trades daily
 
KCalhoun said:
I do up to 40+ trades daily
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The question needs you truthfully answering, what is your real motive, to make money or be occupied?
Think smarter, dont work harder.
40 trades per day is like..... lost for words.... like just thrashing around. :)
My mind cannot comprehend this level of activity, but that's just me.
Statistically the higher the trade rate, the higher the error rate, unless you were running a fully automated HFT system. Are you?
 
The reason I trade so frequently is because it gives me many chances to get things right. My most profitable days, weeks, months and years have been those in which I've traded the most actively. It's much easier now that commissions are zero. Also, it is one thing that helps me differentiate from competitors, many of whom don't even really trade. The maximum number of live trades I've done in a single day is 304.

Also, as one of the world's most trusted educators since the year 1999 my main goal is to help traders learn from my lessons learned, including all the losses as well as the winning trades that l make. By trading very actively, I speed up the rate at which I learn so that I can constantly be testing new trading strategies on behalf of my traders, and the industry.

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KCalhoun said:
The reason I trade so frequently is because it gives me many chances to get things right. My most profitable days, weeks, months and years have been those in which I've traded the most actively. It's much easier now that commissions are zero. Also, it is one thing that helps me differentiate from competitors, many of whom don't even really trade. The maximum number of live trades I've done in a single day is 304.

Also, as one of the world's most trusted educators since the year 1999 my main goal is to help traders learn from my lessons learned, including all the losses as well as the winning trades that l make. By trading very actively, I speed up the rate at which I learn so that I can constantly be testing new trading strategies on behalf of my traders, and the industry.

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I understand the logic of what you say, thx.
My experience with stock trading is frequently the biggest moves come from total surprises, ie, with no warning, there will be a sudden instantaneous breakout often on open, there is no TA warning.
It could be said; "yes but you can also have negative surprises".
The way I play the game, very diversified and choose very carefully those with highest quality/good story/niche market/wide moat/etc.
The majority of surprises are positive, the negative ones rare and often afford an opportunity to get in again at a better price.
The edge; need to be well capitilized, patient, nerves.
Once you have the system underway, not alot of energy is expended to make money.
This week I will due to circumstances turn my computer off for 2-4 days, it will not affect me.
 
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@KCalhoun what are the kinds of things you would teach your students? Coming from a professional background (investment bank, asset manager, hedge fund), I have assumed that all "stock educators" are the equivalent of astrology gurus (don't know much about stars, but can sell a story).

At minimum, I'd think someone interested in trading actively should learn both micro and macro structure of markets, asset/factor pricing theories and models, and how to conduct analysis (event driven, statistical, etc.) before doing case studies around market anomalies and how to spot/harvest them. This is before putting any risk on the book (positions) and learning about portfolio & risk management techniques. Do you cover this stuff?
 
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