Size Matters- Trading 100K Share Positions

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Yeah that's it. Can't put anything over on you.

No offence Stock, but I'm losing brain cells reading your posts.

I'm not encouraging anyone to trade like me. Most people can't or don't want to. The videos are just an illustration of how I trade, nothing more, Some may find it useful and some may find them stupid. To each his own, buddy.

When you start playing larger size, the game changes due to having to focus more on liquidity than price. Interpret it as you wish.

Damn you Stock777... you cost me a thousand brain cells today!! :eek:
 
Ok kids,

It's been fun. Hope some of you found the videos useful. I've lurked on ET for 10 years and know that eventually the peckerheads will show up on the threads. It is what it is. Got to get back to focusing on the trades.

Will stop in from time to time, but it's back to lurk mode for me.

Good luck with your trading all. :p

Cheers!
 
It all comes down to attitude. Just because you cannot see it doesn't mean it isn't there. This stubborn closed mindedness keeps the majority from progressing.

"I have a small piker account. Why do I need to care about liquidity?"

What creates liquidity? Maybe the sum of very predictable small trader activity is a major factor? Maybe there are traders out there who can learn to predict what others will likely want or need to do before they do it, therefore allowing them to front-run the herd?

Its obvious really, and with a bit of thought people could learn how to be successful by modelling the decisions of others. Since successful traders become large traders, and large traders need liquidity, maybe the most helpful thing is to understand how liquidity is created and used. And here is somebody who is actually dealing with these issues in a live market who is generous enough to share his experiences. What is the outcome? Not intelligent debate and gratitude, but childish egotistical comments. How typical of ET, and why people who actually have something of value to share don't post here.

OP, thanks for sharing - it seems you and I have a similar approach to trading: projecting likely areas of future liquidity to get both in and out. Hopefully this thread confirms to you why there will always be people ready to take the other side of your trades, always slower to react, never developing the ability to consistently anticipate the decisions of others...

Not sure what format you are saving your videos in, but programs like ffmpeg, avidemux, and virtualdub can encode your Camtastia videos into a more highly compressed format. Suggest a multi terabyte NAS with RAID to keep your video archive. Again, important tip for aspiring traders to keep records: and a screencast log is probably one of the best types of records to keep.
 
Ghost,

THANK YOU! Someone gets it! :p

You nailed it right on the head. The name of the game is not 'What would I do here?'... it's 'What would everyone else likely do?' and game that reaction (join'em, lead'em, and or bleed'em) especially when hunting liquidity, you stalk the most 'obvious' breakout/breakdown triggers to FIND that liquidity especially when you realize it's likely NOT going to breakout because of other factors (like a COLLAPSING SPY/ES). What seems like reckless directional trading on the surface actually self-contains the hedge because I am acutely aware of what can trigger the liquidity at key levels (as I note in the videos 'xx.xx break is KEY') or in today's video that 65 tick on FB instantaneously SPIKED IT up to 65.10. If it DOES happen, then you are in an even better situation (ie: today's 26.6k share scalp). These are all subtle clues that I caption to remind myself.

Everyone talks about an 'edge'. The reality that most traders will not, don't or can not trade this style which makes it MY EDGE. I put it out there just to show it is possible because I do it every day. Perhaps it will be an inspiration to some. Most I figure won't get it and that's fine.

Thank you Ghost, you articulated it perfectly :p


[Edited by Magna:] At OP's request this thread has been closed.
 
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