Friday was embarrassing. Guys next to me made their day after the close. +64 No Blotter since I'm away from my machine.
That's a good Q Cutten, but I think it needs to be broken down.
Alot of guys run an API, or are purely discretionary, or run a hybrid of the two.
For myself, I'd say I'm around 80 - 85 %W/L ratio for my API, and quite honestly, probably around 60 % for my occasional quick scalps.
But I'd say I'm around 30-35% for my directional trades on the Indexes (Hence the small size). I just can't get it right, and could probably use some guidance.
I truly admire the guys who can just trade the futures every day and make a living. And I feel like I need to get there, as the API will eventually lose its effectiveness.
I will start posting my fees in my posts also.