Unfortunately I don't follow what's posted about trading too much... remember, I think trading convictions are too much like religion and always a difficult argument... I don't know who trades like me.. but I don't do anything mysterious, just the basics. I wouldn't like to single anyone out without asking them first.. but there are a few.
First, I'm positive that the money I have is from "the losses I DIDN'T take". I think stop discipline is the #1 attribute of success. My overwhelming weakness has been too low of a level of aggressiveness. However, you can't "protect capital at all costs" and be "aggressive" at the same time. Everyone has to find their balance. Mine is on the conservative side, for better or worse.
Happy new year to you gnome! No questions here. Just hoping that close proximity to you here in this series of tubes rubs off a bit.
HI GNOME thanks for taking the time to post. how many positions do you have on average at one time ? with that much money, do you divide a position in to blocks and slowly accumulate some shares over the day or or is liquidity not an issue?
If all of the things I've played over the years, none have had liquidity issues for my size. I would only have 1 or 2 issues on at once... usually a mutual fund and a stock index futures, if 2.
This is a fantastic thread gnome, thank you. A few questions. 1) is there a particular day of the week that is best/worst to trade? 2)What is your most effective reason/factor/signal for entering a trade. 3) Do you ever trade in front of important data? 4)How do you trade breaking news, if you already have a position. Thanks. Rennick
<b>gnome</b>, I sure hope you broke little maksie from the lapdog thing early on. Otherwise I'm afraid you're in the same boat as me... clingy dog(s) landing on your lap right when markets begin to break a move. Cozy den, adorable trading partner, way more than enough screens... what else can one ask for than that? Excellent thread, from one of the best posters ever to grace this forum