Grinding it out, day after day

[jayjay121]

Quote from lescor:

Sure, here are some of the symbols I traded yesterday: NNI SPMD TBT GES NVDA HAR

if these were traded on 31/08/10 then they were all OS on my 60,30 and 10 min macci upon open. So i take it as a RTM trader these were all long trades near the open?. What was the average target for these trades if you don't mind?, as from what i see on that day they would have been scalps of between 20-50 cents on average, i know it means nothing as your postion size is huge of course.

By the way i see now why you have to scale in and scale out, because of liquidity. As if building a successful trading system is not hard enough. It seems once you get to a certain size you encounter all new types of problems and have to build systems around this by scaling postions, to which my hat goes of to you as this is very very hard to achieve.

 

[jayjay121]

Quote from lescor:

Sure, here are some of the symbols I traded yesterday: NNI SPMD TBT GES NVDA HAR

Also can anyone else see the pattern of these stocks above?

If you look back of all of them a decent sized sample you can see that if the stocks above gapped up or down upon open while being OS/OB on open then good chance of the gap being filled, anyone else notice this?

I run a backtest of these parameters and it did show some little edge but needs tweaking with stops and target and postion sizing relative to the stocks atr.

 

[Peternam]

Quote from lescor:

. $3k of that was made on futures, so gross cents per share was 1.5.

Lescor,



What futures contracts you traded ?

 

[lescor]

ES. Mostly as a hedge against other positions.

 

[gnom]

Lescor,

You mentioned earlier in this thread that you currently trade about 6 different strategies. Do you mean it's 3 long and 3 short or 6 strategies tat go long or short.


Thanks

 

[lescor]

All my strategies go either long or short.

 

[lescor]

Missed posting last week's results;

For week ended September 3rd: +8,400 on 530,000 shares traded. Daily pl was roughly +1, 0, +8, -1, +1

For this 4 day week I managed about +3k on 324,000 shares. -1, +2, +5, -3. Swing trades have been decent so far this month. Everything else has been bunk. Still waiting for some volatility, movement, volume, etc. Nothing interesting to report.

On a related note, these guys are copying me:

http://online.wsj.com/article/SB100...75781704072278.html?mod=WSJ_hp_editorsPicks_1

 

[jayjay121]

Quote from lescor:

Missed posting last week's results;

For week ended September 3rd: +8,400 on 530,000 shares traded. Daily pl was roughly +1, 0, +8, -1, +1

For this 4 day week I managed about +3k on 324,000 shares. -1, +2, +5, -3. Swing trades have been decent so far this month. Everything else has been bunk. Still waiting for some volatility, movement, volume, etc. Nothing interesting to report.

On a related note, these guys are copying me:

http://online.wsj.com/article/SB100...75781704072278.html?mod=WSJ_hp_editorsPicks_1

good artice..........

main difference between them and you is you prefer volatility and they close their books when markets are volatile.

 

[Passion4Mkt]

No jayjay.... lescor is saying he avoids the same hours as those traders in the article...

 

[jayjay121]

Quote from Passion4Mkt:

No jayjay.... lescor is saying he avoids the same hours as those traders in the article...

yes i know that, im not stupid nor a beginner.

Some traders prefer to tame volatility some don't.


if you look back over lescor thread and read it all as ive done you will see that lescor prefers volatility where as most traders don't.

The gains are greater when markets are volatile but as you can see from lescor drawdowns they are huge at times.

I prefer to tame volatility like those in the article only because of my small account size. For example my postion size is always relative to atr meaning i make the same gains and loss in all market conditions and always know roughly my exposure.

Lescor would you please tell me the formula to working out how much to hedge wih futures?, i guess we have to work out our exposure on one side in per tick terms? then round up or down to contract size?