Quote from jd7419:
Quote from jack hershey:
I use partial fills to complete the transaction. Their size is determined by the trade sizes going through on the T&S. My instructions to the broker are to trade that size or slightly lower.
Jack you let a broker handle your stock orders but you are in and out of the es like a bat out of hell. Why? Buying and selling stock is far less complex than sct right? What you are doing is like saying that you are an expert moto cross racer but can't ride a bicycle even with training wheels. Please clarify?
My arrangements may not be very good ones for stocks and for commodities.
I have never ridden more than a bicyle except to say that some students have taken me on motorcycle rides out in the country where we had residences (Upper Bucks County, PA)
My best day was done under instructions to a broker. 31 trades in the 28 dollar range netting an average of 17 points. Each trade was about 3000 shares. A few were plus or minus 3000. Is this bicycling with training wheels? Probably. 11 accounts were involved and the traades were distributed over the accounts to keep them fairly balanced in the sense that each account made same %'s.
The commodities markets are relatively slow for me. In 81 five minute bars I would only trade up to 40 times. That is an average hold of 10 minutes. To view this simply do the crayola test on a five minute chart. Add the segments.
My amateur manual sweeps (to get data sets) range from 5 to 20 times slower than professional's do.
Compare me to Greenspoon who trades, as Steenbarger states: "60 times a day for less than one tick average on a 400 contract block. (24,000 units day)." Greenspoon, thus, makes 2 to 3 million a year.
My up to 40 trades compared to 60 trades by Greenspoon are in great contrast. He makes less than a tick on average (meaning he is winning and losing and getting a net). He is in an out meaning he enters and exits. I do not enter and exit, I merely reverse occasionally from an all in all the time vantage point.
I am riding along, occasionally reversing. It is not moto cross nor bicycling with traing wheels. I do not need engine power nor training wheels.
Timing is what I concentrate upon and it only invloves two things, the status of the market's mode: "continue" or "change".
The status of the mode almost the whole day through is "continue". Up to 40 times I experience the "change" mode.
As you see I evoked a ROTFLMAO response from a contributor in ET. It is laughable to me for him to type this phrase.
Many people who know me are laughing reading this. They know what I mean by "change" in the keenest sense imaginable in trading.
A change for me is done like seeing a fast ax film of a bullet going through an apple. I know the frame when my opportunity to do "change" is arriving, happening and passing. I used to have to let the phone dial release in a timely manner to deal with a 10 step each way three times call regarding completing cards.
Since the invention of the PC times have changed. MY OTR charts have dwell times as volume builds. Trading is all slow motion......and to the tick of the turn.
Blow your 81 bar chart up to OTR ticks and take a #5 scalpel to the paper and just cut one layer of paper down the center of the BBid/BAsk pairs with forty sweeping and accurate strokes that define making money for one day. It isn't moto or training wheels, it's sanding your Shield's class hull with 440 emery wet/dry while the sloop is held by a 70 ton crane who's time is loaned to you as a courtesy.
I do not care if anyone understands what I post. I understand and DO what I post.
I am just an amateur that can handle the capacity of what and when the market offers and I have plenty of time to see and know the value of the turns to the tic. Its called fun and it is there to do every trading day on the calender.
Doing entries and exits in commodities makes me ROTFLMAO at people who cannot DO it.
If a person can't instruct his broker to run his timing on capital streams loaded to the max, then I am ROTFLMAO at him.
I made my models. I put them in my mind. I trade using sports memory and I can write down and explain every sweep of my eyes and mind when I am trading at the highest money velocity the market offers from open to close.
My emotions are support, comfort and confidence all of the time. I cannot imagine how many times I have taken my initial capital out of the markets over the last 50 years.
People who trade as I do, pass it forward to others.
