Grinding it out, day after day

Quote from Gabfly1:

Nice sledding. What were your commission costs for the week?
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As I've posted before in this thread, my commission rate works out to roughly .25 cents/share. That is blended between Echo and IB and accounts for all fees and rebates.
 
Quote from lescor:

I should have put a smiley at the end of my comment about the Neke comparison, it was tongue in cheek. I actually have a lot of respect for him. He's dedicated, well organized, seems to persevere through tough times with a level head. I like the way he approaches trading, very analytical and business like. I just think he takes WAY too much risk relative to his account size. I consider myself fairly risk averse. I value consistency over anything else. You have been misinformed if you think I would ever view a 50% DD as an acceptable risk.
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lol. Ok, would have been surprised if such a comment would have shaken you even slightly. At this point the algos and HTF are pretty much the only entities standing in your way. ;)
 
awesome thread to read.

had a couple questions,

what % of your capital is allocated into overnight positions and intraday positions?

Basically my question is how do you deal with the risk of a huge gap down the next morning when holding a long overnight position? Do you only put a certain % into an overnight position because of this possibility?

thanks lescor
 
Corey,
is the ats room full of asses and tools still operational and making significant coin?
I was wondering if some of you boys are getting ready to hit the brakes soon. I have started to stare down that road again and could use some motivation like back in 2008 from you guys! Don't know how much more of this I can just plug away at......
 
Quote from levitation:

awesome thread to read.

had a couple questions,

what % of your capital is allocated into overnight positions and intraday positions?

Basically my question is how do you deal with the risk of a huge gap down the next morning when holding a long overnight position? Do you only put a certain % into an overnight position because of this possibility?

thanks lescor
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I don't allocate a certain amount to one strategy or another. Remember, I have prop leverage so I generally can take what trade setups I see without worrying about that.

But I definitely do not hold big one-way positions that would significantly hurt me on a surprise gap. I am a singles hitter, not a home run swinger, so I keep the size relatively small on overnights.
 
I rarely trade etf's aside from using them as a hedge. Today was ultra slow, I traded about 9 different symbols, one of the slowest days of the summer so far.
 
Blah week. Started out good, then sucked. Good timing exiting my swing positions in ES, NQ and VXX on Tuesday, but a few other longer term positions did poorly on today's sell off. Not much intra day trading this week.

-$3,400 381,000 shrs traded. Daily pl of +4, +5, -6, 0, -6. $23,000 away from new equity highs.
 
Quote from lescor:

Blah week. Started out good, then sucked. Good timing exiting my swing positions in ES, NQ and VXX on Tuesday, but a few other longer term positions did poorly on today's sell off. Not much intra day trading this week.

-$3,400 381,000 shrs traded. Daily pl of +4, +5, -6, 0, -6. $23,000 away from new equity highs.
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Can u share/ do u have trade stats such as your winning %, profit factor?

thx in advance
 
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