lol who the hell's hating? i trade 4 times the vol of you steve and make 6 times the money you make but i have no need to share with the world my 12 blotters a day so internet land can worship me.all i care about is my banks love me and my excess money will pay me 6% on 1 year cd's. i'm listing facts and many high vol traders on here know what i'm talking about. the game of high vol trading is taking tons of shots to find the right run's and yes i'm stating anyone with balls and discipline can do it. it's just a matter of finding market neutral stocks and carefully watching the futures like a hawk. it's not rocket science but takes total concentration and a high degree of energy. are one can simply scale the extremes long are short. and to the question yes guys like rm are taking 100's of shots with a few stocks. the bottom line is nobody knows the minute to minute jiggles and flows of the market and that's why hig vol trading mixed with super low commissions is the safest way for many to trade.
Trader P/L 2006 Questions and Discussion
- Thread starter polpolik
- Start date
Just curious as to how much volume per day, average lot size, and cost per share.
Any reason you don't purchase Treasuries Direct? NO banks, Treasuries have better ins than FDIC, treasury holders are first n line. They alos pay more $$$
Here's a link. http://www.savingsbonds.gov/
I can agree with a lot you say. I've started trading more shares per day 60k-100k and it is definately takes Concentration, starring at Indexes, the stock, Time and Sales, and Level II Bid/Ask. I am mentally drained at the end of the day.
It does take a lot of energy from me.
The big edge, I make money every day. Been avg $1,200+ per day the last few months since I made the switch.
Not sure how long I can do it thoug, I'm over 40 and this is a game for you young guys.
Low comm definately is a big factor for me. When you are almost trading for FREE (vs several years ago) the game is much easier.
you're not hating hitter, you just don't know what you're talking about.
the reason your posts are confusing everybody is because you're alluding to the fact that steve, rm, et al are working tiny edges that would be negatively impacted with a higher com structure. the confusing part is that you say their "accuracy rate" is poorer than the guy trading 10k shares, but looking at your examples what you really mean is their daily profit in cents per share is poorer than the guy trading 10k, that they're just "taking more shots" and that they'd be adversely impacted with a .005 commisson hike.
ok, now that might actually be true for rebate traders or a lot of traders with very small edges. but hitter, you ever actually do the math on killers or rm's cps? they make your 10k dude look like barney rubble. 5 thousandths is not gonna impact their bottom line at all. shit, add a whole penny they're still doing way better than barney. rm's and killer's returns are so amazing because even at the size they're trading they're still pulling down such huge cents per share. truly amazing and very inspiring.
adding 5 to steve's might hurt him a little, but even the leftover's are still at 1.5 cps which at his consistency rate i would take any day. that is awesome trading and i guarantee you that "99% of the posters on here" could not duplicate that. steve's returns are qualitatively amazing because they're of such low volatility. can you remember the last time he had a losing day? i can't.
high vol traders don't know what you're talking about because your comparing apples to oranges. so, it's just kind of dumb to keep going with your current line, because it just doesn't make sense.
the reason your posts are confusing everybody is because you're alluding to the fact that steve, rm, et al are working tiny edges that would be negatively impacted with a higher com structure. the confusing part is that you say their "accuracy rate" is poorer than the guy trading 10k shares, but looking at your examples what you really mean is their daily profit in cents per share is poorer than the guy trading 10k, that they're just "taking more shots" and that they'd be adversely impacted with a .005 commisson hike.
ok, now that might actually be true for rebate traders or a lot of traders with very small edges. but hitter, you ever actually do the math on killers or rm's cps? they make your 10k dude look like barney rubble. 5 thousandths is not gonna impact their bottom line at all. shit, add a whole penny they're still doing way better than barney. rm's and killer's returns are so amazing because even at the size they're trading they're still pulling down such huge cents per share. truly amazing and very inspiring.
adding 5 to steve's might hurt him a little, but even the leftover's are still at 1.5 cps which at his consistency rate i would take any day. that is awesome trading and i guarantee you that "99% of the posters on here" could not duplicate that. steve's returns are qualitatively amazing because they're of such low volatility. can you remember the last time he had a losing day? i can't.
high vol traders don't know what you're talking about because your comparing apples to oranges. so, it's just kind of dumb to keep going with your current line, because it just doesn't make sense.
moving on.
for me, risk is a really big part if not the most important part of trading so if rm, killer, steve or any of the guys putting up blotters wouldn't mind answering this question it would be very much appreciated:
i'm assuming you all have some idea about where you want to get out of your trades if they go against you. so assuming that, do you use a percentage of your account as a risk basis for position sizing? if so, what might that be? if it's variable, do you assess that variability based on the expectancy of the trade and if so what might that range of variabe risk be? basically, if any of you wouldn't mind discussing your risk management a bit, that would be very cool.
thanks for taking the time to answer and good trading to all the guys that post on that thread.
for me, risk is a really big part if not the most important part of trading so if rm, killer, steve or any of the guys putting up blotters wouldn't mind answering this question it would be very much appreciated:
i'm assuming you all have some idea about where you want to get out of your trades if they go against you. so assuming that, do you use a percentage of your account as a risk basis for position sizing? if so, what might that be? if it's variable, do you assess that variability based on the expectancy of the trade and if so what might that range of variabe risk be? basically, if any of you wouldn't mind discussing your risk management a bit, that would be very cool.
thanks for taking the time to answer and good trading to all the guys that post on that thread.
It seems to me this guy is trading for all the wrong reasons. I think anyone objective can see that bighitter has his self-esteem completely tied up with his P&L, and probably wants a certain image that he believes comes with being a trader. The degree to which he will become hostile toward successful traders will be a function of how frustrated he is with his own lack of success (which in turn is due to being hamstrung by incorrect motivations).