Grinding it out, day after day

Quote from bears21:

hey lescor i see you use sterling and you do swing some big positions do you use dark routes for liquidity or just use displayed orders. if you do use dark what is the best routes for sterling is there one particularly that goes out to multiple pools. i trade mostly illiquid stocks and these pools are essential now, i dont see the need for dark routes in very very liquid issues. thanks
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Echo has pretty limited routing options, I can't route directly to dark pools, but some of the ecn's will ping them first looking for a fill. I mainly use BATS.
 
Quote from ProgrammerGuy:

lescor,

Could I ask you this. With regard to your strategies... Do the rules and concepts actually make sense as to why you believe a stock should go up or go down?

Like the opposite should be star formations. If the the north star was visible you should go long, if not short. That doesn't have any logical meaning to expect why a stock should go up or down. If someone looked at the rules of your strategy, would it make logical sense as to why the stock should go up or down?
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That's true in some cases. Sometimes there is a reason why things should work out. Sometimes things just seem to work in repeatable patterns with no obvious reason aside from human nature does not change.
 
Quote from BONES:

lescor,

any leanings towards trading volume in stocks - minimum,maximum,no specific criteria?
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Doesn't matter. I've traded stocks where my trade is the only volume of the day.
 
Quote from boba15:

Lescor,

Do you have a fixed universe of stocks from which you trade everyday (and which would give you signals during the day) or you select stocks for trading every morning again from all stocks available on the market based on some criteria?

Are there stocks that are, so to speak, your "friends", which are quite predictable and easy to trade, and also those you have never been able to trade as you expected? Or it's irrelevant for your trading style?

Thanks.
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Some strategies take trades from the same list every day. Other stuff I will scan the whole market with something like Trade Ideas or Telechart. I don't have any regular stocks I trade daily and get to know their in's and out's.
 
Quote from DblArrow:

Lescor, I was wondering if you could address a particular psychological aspect of trading, that of watching the pnl swings of an individual trade. Did you ever have an issue with that? Wondering, worrying as to whether the trade was right - letting the concerns of the pnl dictate the actions within the trade. If so, what was it that helped you overcome it? If not, why not?

Enjoying your input.

Chris
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As I've said in the past, the ability to get past p/l affecting how you execute is a major milestone in trader development. You have to expand the comfort level at which money has no effect on you. Everyone has a limit. Fortunately I don't hit mine too often, but I'm like everyone else, when I get past the limit of my comfort zone I don't always make the best decisions.
 
Quote from BPtrader:

We are interested in your personal stories, like when you started trading, how long it took u to be profitable, how much you made initially, landmark events in your trading career, etc.
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That would be an interesting and helpful story to look forward to especially coming from an experienced trader.
 
Hi Lescor
What do you consider as size when you talk about putting on size ?

Say on a stock like AAPL 1000 shares ? 2000 ? 5000? 10000? 100000?
 
Totally depends on the stock and it's volatility. AAPL is an active $200 stock, 1000 to 1500 shares is a decent sized position for me. Something like MOT I'd have 10x that.
 
I wonder if you could talk a little bit about how your strategies have, or haven't, held up over time? Have you changed them alot or just some tweeking? It sounds like one of your basic strats was found way back when you first started at the prop firm. (not opening orders) I guess it has held up ok? Thanks for your time. Jim
 
I was wondering if you could talk about the role of nutrition in your trading? Do you carb up before a trading day?

Also, do you abstain from sex the day before quad witching?

J/K Corey, nice thread.:p
 
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