Confessions of a successful trader
- Thread starter StLouisTrader
- Start date
BW: This thread is about real trades by an actual trader. Also I'm not trying to raise capital and don't have anyting to sell. From what I gather, you are trying to hock your half assed paper trading system to people since you have no money. If your piece of shit strategy worked you could be an actual trader, but u are not b/c it doesn't work in real time. If u think there's nothing to get out of this thread, pls move along, as far as I know no one is forcing u to read it.
good question. I start out w a few stocks I think might "work" then ramp my fills up as the volome presents itself at what I consider to be favorable prices. The problem w trading more size is the "adverse selection" principal meaning I run a high risk of getting bigger size on the crap ideas that won't work and getting small size on the ones that will work. So, to get this much size my picks have to be really really good in order to not have my ass handed to me. Said another way: the degree of difficulty goes up exponentially. Some days I would do way better by putting far less money to work or at least making sure I have really high confidence in the big positions which I did not have today on stx. Obviously that was a big mistake.
Im INTP/ ENTP (v heavily weighed towards the T and P) dont entirely agree with the strength of the statement but I understand what yr logic is.
I am mainly daytrade as independent contractor (also swing trade but more effort goes into daytrading).
I dont like trading multiple intraday positions. I prefer giving one trade my full attention and taking on a larger position.
That having been said, most of my trades are 1-30 min tops. Maybe I will have a trade that lasts an hr or two maybe a few times a month.
I dont like trading multiple intraday positions. I prefer giving one trade my full attention and taking on a larger position.
That having been said, most of my trades are 1-30 min tops. Maybe I will have a trade that lasts an hr or two maybe a few times a month.
fair enough: they could be a mild "p", an exception, or I'm also open to being completely wrong about my thesis on the "p" type.