Quote from Lucrum:
LOL
Thirty one pages of partial fills on a single 100,000 trade huh? Why is my bull shit meter suddenly bouncing off the right side?
It is simple, you did not understand what I posted.
100,000 share trade had an average partial fill of about 3000 shares. Market orders were placed periodically at the existing level of block trades.
Are you keeping up? Is it reasonable when trading out of a stock and using my specific instructions to keep bleeding out the trade at about 10% of cummulative volume and to not exceed the block size currently going through.
Are you keeping up? The day of my exit, there was a cummulative total of 1.1 million shares traded.
the broker did not keep up with the cummulative 10% rule. So the stock peaked before she made it out. Some trades were past the peak.
Are you keeping up? How is your bullshit meter doing?
The net effect of this inefficiency was that I left about 200K on the table and only got the net you may have calculated.
For you, what I did is bullshit. That is very cool for the public to know how you feel. I empathize with you.
The POA's on that trade (11) did not feel the way you will always feel. If collectively these people had their accounts enhanced the way they did, then they were looking forward to their next trades. That was the fact at that time.
I did not criticize the broker or offer any comments except that I wanted her to keep up with the cummulative volume. We discussed what peaking price meant to me and how I determined when to take profits. This conversation took place (parts of it) almost daily for a while. Training brokers is a continuous experience.
There were 31 partial fills. On the T&S that day, they occurred on separate pages. A 3000 share block was about the top size block that she used. Count the lines on a computer output. Think about what it is like to have a personal trade appear on the T&S 31 times during a day.
For commodities it is very different. Most trades in commodities are chicken feed trades. I have 9 linked in accounts to one main account. None of the accounts are near the minimum chicken feed trading size. So there are groups of partial fills that are consecutive (one after another with no intervening other trader's trades) in these accounts for each account. The screen only shows me one account of the prints since I do not clutter my displays. After hours I can skim accounts.
All I look at during the day is the advancing capital in the accounts and I adjust contract levels by using a percent of capital. Usually it is 94% across the board.
So you need to adjust your bullshit meter; it, as usual, it out of whack.
Learn that people who have significant holdings, have to use a strategy to not affect market prices.
Do you still think a person has to use stops? Stops are not a possibility beyond the chicken feed level.
The reason you posted is that you find my trading commentary "unbelievable". I empathize with your problems.
Consider this as well. It is very possible to fake being an "insider trader". Get past Wikipedia. Think about what all those chapters in Larry Harris really mean. He is depicting, in detail, the whole nine yards of over 30 trading methods that make up the vast majority of the market. Try to find me. My very specific profile is "insider trader".
You have a bullshit meter that doesn't work at all. Your meter keeps bullshitting you all the time.
This is a humorous post and I am empathizing with you and your problems. There are a lot of people such as you.
Are you still just trading chicken feed?