Quote from Grob109:
I wanted to check out the day trading stats.
I clicked below the box.
where I find myself is on a page but i cannot get to the facts on day trading stats.
Can someone give me the click sequence to get to stats.
My questions are?
1. 18 points in what market?
2. What capital gives the amount that is made?
3. Is there anything that decribes what happens in a day?
Thanks in advance.
1. When I went to the site I discovered that the points are dollars in stock intraday trading.
2. One of the tables showing lists 1000 share trades for each "tip" given in the day. The the capital required is simply related to trade overlaps. I figured I would get the answer to Q 3 for myself to figure out the average trade overlap and then get Q2 answered.
Several annotated charts were posted so these were really quite helpful.
3. I started to read 5/10 narration. and when I got to the first summary of "tips" by the moderator/trader, I knew to just go to the end of the narration and see how the summary was handled then.
I didn't see very many "variations" on types of trades. "Quickie" as a category let me know that there were "non-quickies" and probably several. I saw a couple more types.
My conclusions are that I didn't figure out what the S and L numbers meant. For me, I just needed the time of the initial posted "tip" name.
As I read "tip" names going down the narrative. I found that I have regularly traded over 50% of them. I checked a couple that I have not traded to find out why.
I concluded that if I reviewed about 10 narratives that were not consecutive ones that I could duplicate the selection process easily. Many people here could too I'm sure.
The selection, therefore is not a defining advantage.
From reading a whole day's narrative, I discovered that the moderator is not too swift on "when" the stock is posted and secondly he is not neutral biased and finally the approach is sort of inefficient capital rotation wise.
The timing, therefore, is not too swift for making optimal entries. It seems to be very dependant upon very recent price action as depicted by simple brief "formations"
For sure not all the trades can be taken if each "tip" says that the values are for near term entry values for the S or L direction should S or L be met near term.
So capital required comes down to have x price times 1000 times the # of concurrent trades that need to be held. I will venture $25 x 1000 x 12 to 15. This is about $300,000 to make 18,000.
I would have to lower the 12 to 15 to get the 18 points value. To get to the number of turn overs of capital I simply divided 12 to 15 into the average # of tips per day. One cycle is 6% per day on capital. 6 cycles is 1% on capital per turn per day. To get the 18 points you do more than 6 cycles at the 1%. So the "hold" on these "tips" is fairly short and the middle of the day is really tough going.
If you do this range of trading to get 1%, you know it takes a quarter minus (72 days compounding) to double give or take.
Personally, for me, this is a level of return that I have never experienced since when I began. I would think this could be done about 4 times more efficiently if it were engineered to optimum.
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