Good answer. In other words, price movement against the direction of the trade around the time of entry gives you a superior fill but possibly inferior odds of success. This dynamic -- the balance between signal quality and fill quality -- is of course a big piece of the trading puzzle.
This reminds me of someone a couple years ago who said he was making a living trading, then it turns out he is living on his friends couch (not paying any rent) and eating out at taco bell once a week. so making enough money to live on is very subjective.
Confession: I let my old football coach fire me up every morning in pre market and remind me that EVERY movement made on the field has a reaction to the outcome. (and I get to see young Geez laying wood again) http://www.youtube.com/watch?v=-6TJ5TP--mI
please explain independent contractor and trader? is this some new category of distended trader for a firm, without liabilities to the trader? is this some form of proprietary trader status? never heard of this combination, pm me if its too personal or company specific, would really like to understand that title
I have been going over this the last couple of weeks, I have a lot of trades where I put in a limit order to exit, the market goes right up to my limit order, then stops. I want the little extra I would get if I get filled on my limit order but then the market turns and I end up using a market order to get out while the market is running the other way and losing most if not all of my profits.
#2 => for certain. including the OP by demonstration through this thread #3 => for certain. in particular the OP of this thread. free information is often worthless or costly. case in point demonstrated live here so far