is he trading pairs?... I dont see how he's doing this..he doesn't read l2 or tape, he trades huge size using no indicators that I know of (except 200sma on daily), and he places his orders manually. He trades highly liquid stocks, but does anyone have a clue to his method as he doesn't want to disclose... it must be pretty simple in concept. I'm stunned. No one on et comes close to lescor on a weekly basis. If they do, come forth!. kon
Give me a couple months, I'll either be posting weeks like lescor or I'll have totally blown up trading CL
Lescor, I too want to know when you are going to automate and start making good consistent money? It seems like a lot of your stuff could be automated, you should consider it. Have a good weekend! EDIT: I guess I better put a smiley face in before more of the sarcasm impaired pile in and we pollute Lescor's thread. sorry Corey.
You're a newbie looking at trading from a newbie's perspective. There are so many ways to make money in the stock market and guys like you think it lies in some magical squiggly line. Free your mind brutha! And there are plenty of traders on ET making a lot more than me. I personally know at least half a dozen of them.
I shorted a stock that wouldn't stop going up. Sucks when that happens, but it does. If presented with the same situation today, I'd trade it the same way. Given 100 of those, 99 of them are not going to be that bad and I'd be profitable overall. The 12k loss is just a number in a column of trade results.
Not sure I saw this addressed in this long thread, but did you say what your hold time was? I wish there was a lescor-FAQ.