What would you do if you have restrictions ... ?

[andrey_tech]

Thanks for your smart advice. Have you ever own a power which gives you almost 250 intraday scalping trades %85 quick win, %15 accepting tighter stops loss ? What would you feel if you own such a power ?

P.S I know uncontrolled power is dangerous. But you guys are professionals and can handle such a big power. But I am not

Quote from murray t turtle:



Audrey;
since its returns 10-20, % a day simply trade it 2 or 3 times a week;will not be long , if its that good ,you will have much more than 25k real soon . [/B]

 

[vicn12]

Quote from andrey_tech:

I am really serious. If you have any chance to test my system in realtime intraday, you can quickly realize why I am so confident.

If so, by now you are already a millionaire and go vacation, you won't be here typing

Just say you made 10% 3 days out of a week with $20,000 capital, 6 month has 26 weeks, so, your current cash would be

20,000 x (1+0.1)^(3*26) = $33,857,855

Well, let's say you only has $2,000 capital, that would still make you a $3,385,785.

Wealth starts with a dream :eek:

 

[alanm]

andrey: The reason for the largely sarcastic response is that what you are saying you have is likely too good to be true. Make sure that you understand exactly how you will execute your trades (i.e. buying at the offer, selling at the bid, up-bid rule for some stocks if selling short, be sure your quotes are accurate), and you will probably find the fault. A common mis-conception is that you can buy or sell an unlimited amount of stock at the last sale price.

As another example, some people see crossed quotes (bid>ask) that look like free money and don't realize that these are usually:

1) Too small to be profitable at $0.02/share round-trip commission;

2) Not there long enough because other people's systems have much faster connections to pick them off (which you can't tell from IB's snapshot quotes); or

3) Are the result of stale quotes, one side or the other against which you cannot execute.


If you still don't find the fault, go ahead and, as others said, trade small, conforming to the PDT regulations (at IB, 3 trades per 5-day period), to find out whether your system works in practice.

 

[andrey_tech]

Alan : Currently I am trading with IB and there is no problem on bid and ask prices. If you can handle 250 intraday live entry and exit calls with SL and PT included, I can proof you my %85 challange (not a single day, all available trading days)

Quote from alanm:

andrey: The reason for the largely sarcastic response is that what you are saying you have is likely too good to be true. Make sure that you understand exactly how you will execute your trades (i.e. buying at the offer, selling at the bid, up-bid rule for some stocks if selling short, be sure your quotes are accurate), and you will probably find the fault. A common mis-conception is that you can buy or sell an unlimited amount of stock at the last sale price.

As another example, some people see crossed quotes (bid>ask) that look like free money and don't realize that these are usually:

1) Too small to be profitable at $0.02/share round-trip commission;

2) Not there long enough because other people's systems have much faster connections to pick them off (which you can't tell from IB's snapshot quotes); or

3) Are the result of stale quotes, one side or the other against which you cannot execute.


If you still don't find the fault, go ahead and, as others said, trade small, conforming to the PDT regulations (at IB, 3 trades per 5-day period), to find out whether your system works in practice.

 

[Epiphany]

Test your system real time using the alloted daytrades under PDT

If it works, tap the credit lines

 

[andrey_tech]

Where ?

Quote from Epiphany:

Test your system real time using the alloted daytrades under PDT

If it works, tap the credit lines

 

[plugger]

Wouldn't it be just as easy to contact one of the prop firms, put up your $5k - $10k, get 5 to 1, or 10 to 1 leverage, and go from there. If your system is really as good as you say, you'll be making money hand over fist and these guys will ramp you up with unlimited purchasing power. Sure you'll only receive a % of the payout, but soon enough, you'll have enough money to do it on your own.

Rots o' ruck.

 

[andrey_tech]

Sounds good and reasonable. However I do not know if in this case day trading restriction will be removed or not ? Also short selling is too important on my system. I do not know any other first class brokerage firm than IB about the number of shortable U.S stocks. Currently more than 5,000 stocks are in shortable status on there. But they dont give more than 2:1 leverage. This explains why I seek alternatives about my powerful system.

Quote from plugger:

Wouldn't it be just as easy to contact one of the prop firms, put up your $5k - $10k, get 5 to 1, or 10 to 1 leverage, and go from there. If your system is really as good as you say, you'll be making money hand over fist and these guys will ramp you up with unlimited purchasing power. Sure you'll only receive a % of the payout, but soon enough, you'll have enough money to do it on your own.

Rots o' ruck.

 

[protrader-2K5]

if your system uses standard indicators, try trading futures or even forex... forex gives you up to 400-1 leverage.

But on a more realistic note...

250 trades a day :eek:
Even with the money you make trading... would you ever have the lifestyle to to match it?

in my opinion nothing tops trading 1 to 2 hours and clearing 300K+ after taxes

so be careful... your poweful system may just turn out to be a powerful suction

 

[SwingOutOn5]

Audrey,

Are these paper trades? Don't assume that because you see the number, that's the price you'll get filled at. Besides, isn't there a 17 second stale quote rule?