shorted 6.6k omx at 11.78 will keep adding the closer it gets to 12
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Confessions of a successful trader
- Thread starter StLouisTrader
- Start date
confession #1: On a slow monday (treasury futures) this thread was quite an entertaining read.
I cut the pot back to 16k shrs based on its not working, my avg cost is 87.94 for the short position. I dialed the mot up to long 120k shrs at 8.79 based on it is trying to work. still short 8k omx at 11.78, prob going to exit that right now
Quote from StLouisTrader:
i added mot back, 60k shrs at 8.78, still short pot 27k shrs and small omx 8k shrs, trying to wait to see if pot is going to break down, but good chance it could burn me good.
I've whittled it down to 14.6k pot short and 120k mot long, will keep these for a few hours as long as they dont start going the wrong way. Realized PnL for the day so far is -16k
Covered a few more pot, down to 12k shrs short added for the last time to mot long maxed out at 153k shrs avg cost 8.80
Quote from StLouisTrader:
I've whittled it down to 14.6k pot short and 120k mot long, will keep these for a few hours as long as they dont start going the wrong way. Realized PnL for the day so far is -16k
Covered all the POT based it it not acting well, realized PnL for the day now -23,681, still long 153k mot at 8.80, if my luck so far today is any indicator, that one will roll over and i'll lose on it too.
Quote from StLouisTrader:
Covered a few more pot, down to 12k shrs short added for the last time to mot long maxed out at 153k shrs avg cost 8.80
Quote from randy33:
bwo: OP is the real thing.
He's got it right the first time and everytime after that. Only trades with IB, never had to try other platforms. He never had to ask for information even when he was just starting out. Discuss strategies ? Are you kidding ? Please note on another thread I started I practically beg for information repeatedly, and I have been trading over 10 years. He's made his fortune trading stocks only. According to his recent posts, he doesn't even trade beyond noon time ! Amazingly he's called the right stocks everytime as he doesnot do any trade management ( go back and read: I seldom even trade past noon time ) because pf no need.
How in the world would you know? Show which posts show you have had longterm serious dialogue with StLouisTrader on ET???
Is this what he told you or have you been to his house every month, watching him trade???
Successful traders don't start threads proclaiming they are one of the top 13 successful traders on ET. That is what cold/c-kid/Jasonn 60-alias-guy does.