Grinding it out, day after day

quick question Lescor,

would you agree that having a mixed basket of strategies is one of the keys to longevity in trading, and knowing when to run the strategies according to market conditions.

I was thinking of developing three main strats based on:

market making
mean reverting
trend following

thoughts?
 
That's definitely been key for me and has always been my goal of how I want to operate. I'm not saying it's necessary for long term survival in this business, but I'd rather be diversified and consistently make decent money than yo-yo between home runs and losses or periods of making nothing.
 
Quote from lescor:

That's definitely been key for me and has always been my goal of how I want to operate. I'm not saying it's necessary for long term survival in this business, but I'd rather be diversified and consistently make decent money than yo-yo between home runs and losses or periods of making nothing.
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Do the other traders you converse with follow the same logic in having multiple strategies, or do any do well with just putting everything in one basket? Any futures guys/gals or are they all equities?

Nice grind so far btw :cool:
 
Quote from dalen:

Do the other traders you converse with follow the same logic in having multiple strategies, or do any do well with just putting everything in one basket? Any futures guys/gals or are they all equities?

Nice grind so far btw :cool:
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Some do, but not all. Some are just pure old school day traders looking for anything that's moving, and there's always something moving. But their experience is key there. All these guys have been pros for 8-12 years and know how to reign things in and when to hit hard depending on the situation.

And they're all stock traders. I still don't personally know any profitable futures day traders.
 
Quote from Gabfly1:

How many futures day traders do you know?
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Does it matter? I think lescor has been around the block long enough to know what is possible in this business. Stock day trading is not scalable but it seems that there is less competition in this area.
 
Quote from short&naked:

Does it matter?
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Did I offend your delicate sensibilities by asking a simple, contextual question? So much so, that you were compelled to answer rhetorically on behalf of the person to whom my question was directed?
 
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