Grinding it out, day after day

I'll trade anything given the right setup. Stock selection isn't important at all for me for some strategies. For others, I will avoid certain sectors, and look for minimum liquidity. But generally speaking, I don't put a lot of thought into it.
 
Thanks for your respond , I just want to find out all gap up & down so i can set up my strategie , but like you said it is not easy , we still have to try the best anyway. Hope you have good strategie , always looking for something new come up.
 
Probably the slowest week of the year. +9k for the week and almost all of it came Monday morning, should have taken the rest of the week off. It seemed opportunity to make money for the day was pretty much gone after the first 10 or 15 minutes. Daily pl was +7, +1, 0, 0, +1. Only traded 200,000 shares for the week.

Actually, in this environment, just grinding out anything is a victory. Play small, hit for singles and wait for some juice to come back to the market. Fifth green week in a row and hit new equity highs, out of the drawdown that began June 22nd.
 
Well, this has turned into a boring journal. Another blah week, trading just the mornings for the most part. Nothing memorable good or bad. The thing I'll be remembering is going long ES at 1043 after the sharp dip this morning thinking 'this looks like a bottom for a while', then taking 4 points out of a 20 point move. No reason to sell, just impatient.

For the week gross p/l was $11k on 363,000 shares traded. Daily p/l was +5, -2, 0, +5, +3.
 
Quote from lescor:

Well, this has turned into a boring journal. Another blah week, trading just the mornings for the most part. Nothing memorable good or bad. The thing I'll be remembering is going long ES at 1043 after the sharp dip this morning thinking 'this looks like a bottom for a while', then taking 4 points out of a 20 point move. No reason to sell, just impatient.

For the week gross p/l was $11k on 363,000 shares traded. Daily p/l was +5, -2, 0, +5, +3.
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Thanks for the post LEscor, and thanks for showing what real trading is like. Not every week is gonna be "spectacular, 4th of July firework celebration", but just good solid, disciplined work, grinding out a living, day after day.

( yes, i purposely snuck the title to you thread in there),


have a good weekend,

EF
 
Lescor,

I'm not sure if I understand the problem. Are you saying that you are not getting a lot of opportunities to trade because the stocks on your watch list or filter is not hitting the std dev trigger points? I figure that must be the issue, although volatility has been on the rise with the recent market sell-off...

thanks for your input...

Walt
 
Yes, just not much opportunity. The market can be making a good move, but individual stocks might not be doing anything.

And volatility measured by the vix is up a little recently, but not enough to really get anything going. Pretty typical summer trading really.
 
why dont you adjust your postion sizing relative to the volatility of the individual stock?, for example trade larger size when things are quiet, and trade smaller when things are busy?

This way you would not need to rely on volatility and your performance would be smoother?
 
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