Longest winning streak?

Quote from Yuguru:

he should find some more buying power, he could be making millions instead of just living nicely
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If he's trading AMEX, the liquidity probably makes buying power irrelevant. You can only scale up so much on small to mid cap stocks.
 
Quote from stewbacca:

I work at a firm in Austin, and one of our traders has gone 170 days without a losing day. Has anyone, or does anyone know anyone who has ever beaten this?
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7 months. One of my clients called and asked, "do you realize we haven't had a losing trade *all year* (August)? Next trade was a loser. He jinxed us, apparently.
 
Quote from Yuguru:

if he doesn't have losing day, then he is not pushing the envelope enough. probably should be making 3x more. [/QUOTE


Thank you guys for all of the feedback both positive and negative. To clear some things up: Am I pushing the envelope enough? Probably not, but I am going to make at least 3X more than I've ever made in my trading career. I have a trading strategy that produces smaller, consistent profits. As far as upping the size everyday. I'll just say that when it's appropriate I up the size. That doesn't mean that I won't evaluate a trade and second guess why I didn't get more size. I constantly evaluate my trading and what I can do better the next time I see the setup. The advice that I can pass along is to find a trading strategy that you're comfortable with. If you're comfortable having bigger swings in your P/L then more power to you. I made the decision that I would rather produce consistent profits month after month, year after year, and the result is I make a little more money every year.
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I have only had one losing week this yr and it was caused by one bad day

I have had on occasion a bad day in the other weeks of the yr
but have been able to make up for it and end up the week positive

funny thing is each weekend I get a tad nervous
about if my streak will end or if the following week
will bring me only profits of a few hundred


I have tried hard not to focus on how this might play out
at the end of the yr and just focus
on staying with what works for me at this time

I also do realize my streak will end sometime
and also that I need a vacation ( with or without
a laptop to trade from )

:)
 
so where do you trade in Austin? and why AMEX stocks? the" raise the bar" comment was not meant to unseat you, it is your system and makes you comfortable, who is kinding who, stick to it. You have a knack for trading, so at some point you should push yourself.. GL
 
I trade for a fund up in north Austin. I trade AMEX because I got tired of all the open book and ecn noise on some of the New Yorks. Amex stocks tend to trend a little better although specialists are specialists if you know what I mean.
 
Quote from chumptrader:

I trade for a fund up in north Austin. I trade AMEX because I got tired of all the open book and ecn noise on some of the New Yorks. Amex stocks tend to trend a little better although specialists are specialists if you know what I mean.
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If you don't mind my asking, (1) how do you deal with days in which it is 1:00 est and you're down? Do you change your position size at all (increase or decrease)?; (2) how do you deal with the inevitable intraday swings (pullbacks) that go against your position? In other words, how much wiggle room do you give your positions before bailing?

Many thanks.
 
I try not to change the way I trade on an intraday basis. In the past if I found myself down I would try and make it all back on one trade, usually resulting in a bigger down day. So these days I stay patient, knowing that the trades will eventually be there. I do quick scalps and try and eat away at the loss, and when the setup is there I get in a few more shares. I've only had one real close call during the streak, where I got positive for the day on my last trade. As far as wiggle room, I don't give stocks much. I'll flat or lose a few pennies on 10 trades in a row before I catch the big one sometimes.
 
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