Grinding it out, day after day

is he trading pairs?... I dont see how he's doing this..he doesn't read l2 or tape, he trades huge size using no indicators that I know of (except 200sma on daily), and he places his orders manually. He trades highly liquid stocks, but does anyone have a clue to his method as he doesn't want to disclose...

it must be pretty simple in concept. I'm stunned. No one on et comes close to lescor on a weekly basis. If they do, come forth!. :)

kon
 
Quote from konviction:

it must be pretty simple in concept. I'm stunned. No one on et comes close to lescor on a weekly basis. If they do, come forth!. :)

kon
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Give me a couple months, I'll either be posting weeks like lescor or I'll have totally blown up trading CL :D
 
Quote from flipflopper:

Lescor,

If you found out that you could automate your strategy would you be happy or sad?

Also, once you started making good consistent money how would you ensure that no broker, prop firm, etc. would flag your account and start to frontrun your orders thus eroding your edge?
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Lescor, I too want to know when you are going to automate and start making good consistent money? It seems like a lot of your stuff could be automated, you should consider it.

Have a good weekend!

EDIT: I guess I better put a smiley face in before more of the sarcasm impaired pile in and we pollute Lescor's thread. sorry Corey.
:cool:
 
Quote from lescor:

Oh so close to the best week of the year if not for one stock. MXB cost me about 12 grand on Tuesday. Other than that it was uneventful and pretty quiet. +20,862 on 601,000 shares traded. P/L each day was +5, 0, +3, +4, +8
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Can you shine a little light on what you did to allow one stock to take 12 grand from you?
 
Quote from konviction:

is he trading pairs?... I dont see how he's doing this..he doesn't read l2 or tape, he trades huge size using no indicators that I know of (except 200sma on daily), and he places his orders manually. He trades highly liquid stocks, but does anyone have a clue to his method as he doesn't want to disclose...

it must be pretty simple in concept. I'm stunned. No one on et comes close to lescor on a weekly basis. If they do, come forth!. :)

kon
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You're a newbie looking at trading from a newbie's perspective. There are so many ways to make money in the stock market and guys like you think it lies in some magical squiggly line. Free your mind brutha!

And there are plenty of traders on ET making a lot more than me. I personally know at least half a dozen of them.
 
Quote from duhmentor:

Can you shine a little light on what you did to allow one stock to take 12 grand from you?
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I shorted a stock that wouldn't stop going up. Sucks when that happens, but it does. If presented with the same situation today, I'd trade it the same way. Given 100 of those, 99 of them are not going to be that bad and I'd be profitable overall. The 12k loss is just a number in a column of trade results.
 
Quote from lescor:

I shorted a stock that wouldn't stop going up. Sucks when that happens, but it does. If presented with the same situation today, I'd trade it the same way. Given 100 of those, 99 of them are not going to be that bad and I'd be profitable overall. The 12k loss is just a number in a column of trade results.
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+1 Well Said Lescor! Words of wisdom from a seasoned pro!
 
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