Echo has pretty limited routing options, I can't route directly to dark pools, but some of the ecn's will ping them first looking for a fill. I mainly use BATS.
That's true in some cases. Sometimes there is a reason why things should work out. Sometimes things just seem to work in repeatable patterns with no obvious reason aside from human nature does not change.
Some strategies take trades from the same list every day. Other stuff I will scan the whole market with something like Trade Ideas or Telechart. I don't have any regular stocks I trade daily and get to know their in's and out's.
As I've said in the past, the ability to get past p/l affecting how you execute is a major milestone in trader development. You have to expand the comfort level at which money has no effect on you. Everyone has a limit. Fortunately I don't hit mine too often, but I'm like everyone else, when I get past the limit of my comfort zone I don't always make the best decisions.
That would be an interesting and helpful story to look forward to especially coming from an experienced trader.
Hi Lescor What do you consider as size when you talk about putting on size ? Say on a stock like AAPL 1000 shares ? 2000 ? 5000? 10000? 100000?
Totally depends on the stock and it's volatility. AAPL is an active $200 stock, 1000 to 1500 shares is a decent sized position for me. Something like MOT I'd have 10x that.
I wonder if you could talk a little bit about how your strategies have, or haven't, held up over time? Have you changed them alot or just some tweeking? It sounds like one of your basic strats was found way back when you first started at the prop firm. (not opening orders) I guess it has held up ok? Thanks for your time. Jim
I was wondering if you could talk about the role of nutrition in your trading? Do you carb up before a trading day? Also, do you abstain from sex the day before quad witching? J/K Corey, nice thread.