Find out how Lescor makes per year on average and offer him more than his average income for mentoring. If you can only afford a few months...offer him equal to his average income of a few months. Seriously, anything less you'll be asking someone to lose money while mentoring you especially if you want that person to take temporary leave (leave of absence) from where the prop firm is located. Also, I wouldn't bet that he'll be willing to leave his family again to go where you're located. Thus, you better be prepared to relocate and only after you offer him more money than what he's currently making. Another solution, if his sister is single...marry her. Mark
Lescor If someone told you that you could no longer day trade, and you had 3 options " 1. learn to swing trade 2. develope a new trading method (NO automating), or attempt to use the one you have now on longer tf's, and again no automating. 3. Quit trading all together What's your option?..I ask because 1st, I'm not a day trader, and I don't know anyone or seen any swing trader on et post the kinds of pnl that you do, or any swing traders that automate their trading for that matter, and 2nd I know much of your trading requires huge volume, and automated signals that may be hard to impossible to carry over longer term. do you believe that someone trading your exact methods could double/ tripple their pnl if they were trading longer tf's ? thanks kon
Lescor, how many stocks do you normally watch (or your software watches) during a trading session? I mean those you're receiving real-time quotes for. Thanks.
Lescor, Do you use Level2, open book and/or market depth for your RTM trading? If not, what do you use besides charts, I assume you use chart.
when you said your profit on average is 3.5 cents per share, is the share calculated based on round trip or one way? As mentioned previously in this thread, volume is total volume, entry and exit. do you make any trading decisions or does the software you run make all of them for you? Aside from opening orders, where I submit many orders but don't know what I'll get filled on, I make all the decisions myself. I don't run any black box systems. If someone told you that you could no longer day trade, and you had 3 options... I would swing trade. It's on my to do list to get a swing method going this year. how many stocks do you normally watch (or your software watches) during a trading session? I mean those you're receiving real-time quotes for. Usually just the positions I have on plus a few indecies, oil, etc. I use Trade Ideas scanner as well. Do you use Level2, open book and/or market depth for your RTM trading? If not, what do you use besides charts, I assume you use chart. No, I use none of that stuff. I am not a tape reader. Charts and spreadsheets, sometimes a simple indicator.
wow, 3.5 cents on total volume is pretty good. do you trade based solely on chart or you also take look at level2?