This my be a little bit off the subject, but since you have made and continue to make $$$$ in large denominations, I wonder how and where you park your gains. I have noticed that successful traders generally avoid investing long term in what they dabble every day. What vehicles of investments have you looked into to park your earnings? Pardon me if this comes off as too personal. I am just looking for general ideas, sectors, thoughts, long term strategies.
Excellent, trading can be boring and finding ways to stay motivated is important, very important. Multi tasking, keeps one sharp where dull lets the mind go limp and not focused. I like to watch what used to be called Court TV. A chat room with some SOLID guys would be nice. KEYWORD = "SOLID" Great thread so far. Most threads get wrecked by dribble and rubbish with rookie tunes stupid questions that can all be answered by using GOOGLE. Thks -------------------------------------------------------------------------------- Quote from mmmarkus: Any comments on how you deal with the isolation of trading? Can be a very lonely world out there. Thanks in advance, mmmarkus -------------------------------------------------------------------------------- Never been an issue for me, I actually prefer working on my own. No distractions, come and go as a please, can pick my nose whenever I want. I am also fortunate to be in a private chat room with 10 or 12 solid guys. We don't do much calling out trades and such, but it's nice to have someone to chat about work stuff with or politics, sports, whatever. I call them the 'guys at work' to my wife, even though we're spread all across the continent.
Can't pinpoint a specific moment, but it was from constantly reviewing my stats and re-affirming that my system actually was working as long as I kept following the plan. Keeping good records and reviewing them often has been a help to me for sure.
I should spread it around better than I do, I tend to just keep excess cash in my retail account. I have some real estate and have invested in a non-trading related business. It's a part of my big picture plan that I have been kind of slacking on.
Done early early today. Heading out of town for the weekend and only traded the first hour. Another very good week. +$32,000 gross 618,000 shares traded. Theme of the week was avoiding anything too nasty, no losing days. HIG's guidance tuesday pre-market set up some nice insurance shorts, those were the best trades of the week. Also some nice gaps created by today's options expiration. Sometimes being lazy pays off. I wasn't in when ILMN slammed higher Tuesday afternoon, if I was I know I would have been shorting it and it never came back. As it was I sold it after hours and still managed to lose a bit, but it could have been ugly.
Damn Lescor, that's .05/share. Pretty good for volume trading. One question. You mentioned you don't really use stops. But you must have an "uncle" point. Can you shed some light on that aspect?
Thank you for sharing lescor Do you use tick, volume or time charts. If time charts, what time frame if it's ok to ask. Also I have a question about position sizing. I risk the same $ amount on each trade and what I found that it slows me down to calculate how many shares I need to buy/sell based on my entry and stop point. How do you decide how many shares to trade? Do you go with bigger size when odds are getting better? thank you