Thinking of getting back into the game

M

mksummny

Hey fellas

After "retiring" in Sep 2011 I am thinking of once again coming back into the market at the ripe old age of 35. My question is to all the veterans on the board. Is the market still playable for a big position trader who is nimble and likes to control stocks? I have not even looked at the market since my last day trading. I don't even have a pulse on how it is these days.

Anything would be appreciated from the old school crowd!
My style is suitable to many markets but does best in high volatility with high volume. My profit ratios are higher on a falling market then a rising market. I do many trades usually over 500 a day (manual). I am not afraid to take big positions.
 
It's a little trickier to control small stocks nowadays because a lot of them are interlinked to ETF's. You don't just have the other people in the stock to deal with... You have the correlation between it and any attached Indice ETF's dragging it around. Correlation alogo's...

Best to just go with the flow of the entire market rather than focus so much on controlling individual stocks.

In the bigger picture the only things moving this market's bigger picture trend nowadays are Ben Bernanke and the Eurozone crisis.

Possibly could get a major bear market trend after the September 12th German court decision if it goes badly! Besides that daytrading is just fun and games as usual. This month has been dead but things should pick up sep/oct.


We all wish it was like the good old days... Where there were tons of small little active stocks you could dominate and control and make your $$ off of. Most everyone nowadays is playing index funds!
 
Quote from mksummny:

Hey fellas

After "retiring" in Sep 2011 I am thinking of once again coming back into the market at the ripe old age of 35. My question is to all the veterans on the board. Is the market still playable for a big position trader who is nimble and likes to control stocks? I have not even looked at the market since my last day trading. I don't even have a pulse on how it is these days.

Anything would be appreciated from the old school crowd!
My style is suitable to many markets but does best in high volatility with high volume. My profit ratios are higher on a falling market then a rising market. I do many trades usually over 500 a day (manual). I am not afraid to take big positions.
More...

How was you prior experience with the market?

I remember,when i would get back to trading in the past once again,it was always not in time.Market either crashed or rallied,the time i came back.It was either May or October,most vulnerable periods in the market.Seems that you intend to get back at the most vulnerable period with the scalping method.I feel that it`s not a good idea.
 
Quote from mksummny:

None of the old school traders around anymore? Dustin, Szeven, Redink, EricP, Lescor anyone?????
More...

You barely see them posting anymore, but their old posts remain, lot of gold in their past contributions.
 
Quote from mksummny:

Hey fellas

After "retiring" in Sep 2011 I am thinking of once again coming back into the market at the ripe old age of 35. My question is to all the veterans on the board. Is the market still playable for a big position trader who is nimble and likes to control stocks? I have not even looked at the market since my last day trading. I don't even have a pulse on how it is these days.

Anything would be appreciated from the old school crowd!
My style is suitable to many markets but does best in high volatility with high volume. My profit ratios are higher on a falling market then a rising market. I do many trades usually over 500 a day (manual). I am not afraid to take big positions.
More...

Why did you retire last September? Was it because trading sucked? Not much has changed in the last year IMO...

If your trading style benefits from high volume and volatility I'd stay in retirement if I were you... :)
 
Welcome back. Gotta adjust your style to the markets, every few years, adapt or die right.
Enjoyed reading your P/L posts back in the day. Grinding it out day after day style.
 
When I was ten I read in one newspaper that fifty percent of all marriages end up in the divorce. I was surprised with such a high percentage. If people love each other why would they ever want to split. I have grown up and I am still amazed with this statistics. Just the opposite though – why such a low percentage of marriages end up in the divorces? I mean , there are so few ideal couples. I know, I know – kids, bills, mortgages, habits, etc.

Trading is like a marriage. You fall in love with trading right away, you have such an enthusiasm at the beginning and then you either survive and enjoy the benefits or fail miserably. Statistics, however is a lot worse for traders than for newly weds. They fail ninety percent of the time. And according to my personal experience, the number is lowered… Trading is a lot more demanding than your wife or husband. Any mistake can be your last. You can find in any trading book what it takes to be a good trader. Just try to implement it in real life. Easier said than done. I read, for example, dozens of books and articles about trading. Did it help? Short term yes, long term no. The older you get the more stubborn and skeptical you become, the harder you accept new things. No solution? I hated to admit it but it looked like I was done as a trader. Finish, caput, done. Sixteen years and this is it? Thankfully, it was not meant to be. I met a guy who changed my life and my trading once and forever. He is only 25 but he is a freaking genius. He did not have a clue about trading but he knew how to write computer programs and create trading robots. The program that he showed left me speechless. I had no idea it was all possible. To be perfectly honest, he found me as his amazing program could do everything but make money. I needed to teach the machine how to make money. And I did .Since then , I have not entered a single trade with my hands.And I am pretty happy about it :)
 
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