Longest winning streak?

[99atlantic]

Quote from smilingsynic:

What is the secret to scalping NYSE/AMEX stocks with 99%+ winning days?

I am not asking to be sarcastic. I really want to know. I don't trade for a living, and I have a day job that I won't quit until I'm 70, but I AM curious how you guys do it. I have to say--I am impressed.

they lie? i can't begin to count the number of liers (and co-insidently, 'millionaires' on here )

 

[Cariocas]

Do you have a lie detector to confirm your findings?

Cariocas

Quote from 99atlantic:

they lie? i can't begin to count the number of liers (and co-insidently, 'millionaires' on here )

 

[nononsense]

This is a true p*ss*ng contest.

 

[IV_Trader]

Why successful and very active day trader ( 60-40 win/lose , over 100 trades a day) would ever have a losing day ? The 100+ trades makes the stats stable enough to eliminate " bad luck" factor. Can you imagine successful option's trader posting an overall loss in his last 100 trades ?

 

[krazykarl]

Quote from nononsense:

This is a true p*ss*ng contest.

this is ET.

 

[Cariocas]

It doesn't have to be that way. Ignore the noise.

Cariocas

Quote from krazykarl:

this is ET.

 

[2manywhiners]

Quote from smilingsynic:

What is the secret to scalping NYSE/AMEX stocks with 99%+ winning days?

I am not asking to be sarcastic. I really want to know. I don't trade for a living, and I have a day job that I won't quit until I'm 70, but I AM curious how you guys do it. I have to say--I am impressed.

They trade with their firm's money, and they pay no or near zero commissions. Retailers who try to scalp lose. big. Damn decimalization...

 

[jzlucas]

Quote from Maverick74:

I know a guy who went an entire year without a down day. That's 252 trading days.

WOW, that's unreal. At least in my book! My best streak was 20 something trading days in a row... WEAK!!

 

[chumptrader]

Quote from 2manywhiners:

They trade with their firm's money, and they pay no or near zero commissions. Retailers who try to scalp lose. big. Damn decimalization...

I happen to know a few retailers that make good money scalping, and they happen to pay a lower commission than me. Near zero commissions? My firm still has to make a living too.

 

[2manywhiners]

Quote from chumptrader:

I happen to know a few retailers that make good money scalping, and they happen to pay a lower commission than me. Near zero commissions? My firm still has to make a living too.

So do I, the problem is that the success rate between prop (or similar) traders and retail scalpers is very skewed. The high volume multi-trader firms execute 1000s of trades each day. Costs come down. Retail traders have to do immense volume to get competing rates.