The smallest time frame is the tick chart, can you name just one single trader who made a fortune on these time frames? Seriously. Let's make it 60 bars (so 60 seconds in your case). It's called a minute bar.
I’m up over $700k on the year and have two days where I made over $100k. I believe I’m only getting started in reaching my potential. My best days are when I see momentum and the 1s chart is clean (market makers are overwhelmed). Not everything with news is like this. For example GME broke out on news yesterday and the HFT market makers were all over it immediately. BA was extremely clean twice on Tuesday. No doubt the market conditions led me to get up so much. They haven’t been there as much the last few months, but they’re still there. It would not be crazy for me to get in 10k shares of BA in a single trade. The patterns occur pretty much everyday in something liquid. Some days there’s 100k+ potential from this strategy. I’m working on longer time frame strategies too, but this is my bread and butter.
And what was your starting capital? And the other HFT firms did not respond immediately because you were faster than them, is that what you are saying?
No they were overwhelmed by the stock’s volume. TSLA has had numerous days like this all year, but there’s more frequent smaller moves. I think the most I’ve had this year is less than $2.5 million in positions at one time. I usually don’t even use $1 million in a day. There’s 40 traders at my firm. Capital isn’t an issue. I’ve only done one swing trade this year so I don’t hold very long.
So how much total capital did you invest/trade to earn that $700K profit in one year? And more importantly, what was your maximum drawdown?
If you have access to 1s charts I recommend looking at BA on Tuesday and looking at GME on Thursday, both will show a massive breakout, but GME had I told you the maximum capital I had deployed at any one time. I just ask for money from my firm. I don’t know how much they have to trade with to be honest. There’s a bunch of traders, many better than me. My job is to trade and make money and to stay under my daily lock out, I’ve never been denied asking for more capital.
My maximum drawdown is about $150k and I’m in it now. The only reason it’s that big is, because I got up really big one month and started trading super big going for aggression and gave it back. I’m only down like $25k from my last paycheck. I’m more risk-taking/aggressive with scaling/money management than most people (more than my bosses like too lol). I’m constantly going for new heights. I had to scale down. I’ve struggled the last few months, because I went away from what worked and tried doing low floats. My max lockout is now $1500. It was $10k at one point. This is why I’m trying to find the momentum that I know works. Very short-term/tape has always been my game. When I deviate from that I lose. I bought EBAY today and sold way too early, the tape was unreadable. I basically sold early, because my GLD failed. I’m going to continue to work on my longer time frame game, but it’s definitely not the same mindset where I buy and keep adding into momentum or short and keep shorting. Low floats crush me, because the tape is all bullshit. It’s hold reserve and squeeze lol. I’m working on strategies for those too. However, I’m definitely a lifetime loser in low floats as they don’t have clean momentum.
20% drawdown? I can’t calculate an accurate ROI. I would have to go through each trade. Too time consuming. I’m not interested in proving anything. I know I’m successful/what I’m talking about. I’ve been on here for 8 years (ever since I’ve started trading) and all people do is doubt me. When I first wanted to start trading everybody told me to get a real job. I don’t listen to anybody’s advice on how to trade or what to do with my life. I just don’t care. My screen name is my name and the numbers are the year I was born in. Unlike many people on here I have nothing to hide and I’m not selling anything. I just want a reliable 1s screener lol.