Longest winning streak?

he has unlimited buying power, thats about how much he will use in a position

 

If he's trading AMEX, the liquidity probably makes buying power irrelevant. You can only scale up so much on small to mid cap stocks.

 

7 months. One of my clients called and asked, "do you realize we haven't had a losing trade *all year* (August)? Next trade was a loser. He jinxed us, apparently.

 

I have only had one losing week this yr and it was caused by one bad day

I have had on occasion a bad day in the other weeks of the yr
but have been able to make up for it and end up the week positive

funny thing is each weekend I get a tad nervous
about if my streak will end or if the following week
will bring me only profits of a few hundred


I have tried hard not to focus on how this might play out
at the end of the yr and just focus
on staying with what works for me at this time

I also do realize my streak will end sometime
and also that I need a vacation ( with or without
a laptop to trade from )

 

so where do you trade in Austin? and why AMEX stocks? the" raise the bar" comment was not meant to unseat you, it is your system and makes you comfortable, who is kinding who, stick to it. You have a knack for trading, so at some point you should push yourself.. GL

 

yes, clearly you are a good trader. Kudos and many more days of green to you!

 

I trade for a fund up in north Austin. I trade AMEX because I got tired of all the open book and ecn noise on some of the New Yorks. Amex stocks tend to trend a little better although specialists are specialists if you know what I mean.

 

If you don't mind my asking, (1) how do you deal with days in which it is 1:00 est and you're down? Do you change your position size at all (increase or decrease)?; (2) how do you deal with the inevitable intraday swings (pullbacks) that go against your position? In other words, how much wiggle room do you give your positions before bailing?

Many thanks.

 

I try not to change the way I trade on an intraday basis. In the past if I found myself down I would try and make it all back on one trade, usually resulting in a bigger down day. So these days I stay patient, knowing that the trades will eventually be there. I do quick scalps and try and eat away at the loss, and when the setup is there I get in a few more shares. I've only had one real close call during the streak, where I got positive for the day on my last trade. As far as wiggle room, I don't give stocks much. I'll flat or lose a few pennies on 10 trades in a row before I catch the big one sometimes.