Grinding it out, day after day
- Thread starter lescor
- Start date
Corey, thank you for an answer. Have got couple of questions if you have time, when choosing stocks to trade after open bell, you have almost familiar approach as setting some kind percentage envelope(or standard deviation from some period) against peer group of stock(sector, industry, index like Dow Jones, S&P500) comparing to openings strategy? So it gives you a small advantage. Except earnings news or other meaningful news do you consider volume? In your opinion, what size of volume can affect move in case of RTM, how big that volume should be? And last one, do you have preferable industries to choose stocks from for trading?
Thank you very much for sharing your valuable experience with us.
Once again sorry for my english.
fortunately for me, carmi & lexi corrected my math error before they went outside following their dinner. I flipped my divisor around in error, which to your benefit made your case even stronger. had I cared one whit, I'd have posted a correction last night. but I simply don't
so now that you've shown the board a firm grasp of mathematical stats and calculations ability on your part, do you think lescor is faking his objective of 4.8% annualized via $10mil capital leverage?
or did you merely begin a s(omething) storm on a weekend of nil moderation to degrade a strong thread and hopefully weaken the overall chatboard? last I heard sykes was launching some type of message board, too. maybe everyone should go over there and see what's cookin'. funny you should mention him at random, three times. hmmm
in any event, thanks for the stats correct. now I can spend my time in total peace until I check this thread again in a week or three
So you hold anywhere from a dozen or so trades up to about a hundred during the course of the day for a rough average of about 45 minutes or so each? Impressive. I don't trade stocks, but I couldn't even imagine doing that.
One final question, if I may. I asked a while back what your approximate perceived R:R is going into a trade, and you responded that you don't define your trades or setups in that way. That being the case, could you give a very rough idea of the proportion of winning, losing and ~scratch trades? I'm not asking that you check your records. Just ballpark, off-the-cuff estimates. The reason I ask is that I'm curious to get a better idea of the risk environment you have chosen for yourself, since you have evidently chosen very well. Thanks.
It all varies by strategy. I've held trades for months waiting for a spread to come in. Very high win rate, but infrequent opportunity. Opening orders I am in only 5 or 10 minutes. Mean reversion during the day could be anything. I can't really average stuff out because everything is strategy dependent. I don't trade any strategies that have a win rate less than about 55%. That's not by design because you don't need a high win rate to have a profitable strategy, it's just how things work out for what I do.
Not trying to be evasive, but those kinds of questions are impossible to answer. I actually try to blend different time frames and risk profiles so that the bottom line is smoother.
Not trying to be evasive, but those kinds of questions are impossible to answer. I actually try to blend different time frames and risk profiles so that the bottom line is smoother.