HEY! JUST A MINUTE! YOU CAN'T BAIL YET! You promised aways back you would show your setup and how to trade your style on the 14th of Aug! You can't Chicken out now!... Baak bok bok bok bok bok bok bok bok, Baaak bok bok bok bok bok bok bok bok... Yee Haw! I think we have a runner here...
see another imposter was caught. this board is full of them. like another poster said my mini is the one who wanted to post his blotter so he came under scrutiny. i have 2 accounts with ib and i promise you its cumbersome as hell to go from 1 to 30 lot sizes and a pain in the but. the default size you use will be the size you usually trade
Like riskarb says "you can't sale in/out of a "30" in 1 lot increments. It just aint't gonna happen, now if he where showing 5's instead of 1's it would be doable, but 1's, oh hell no!
Yeah, he'll show you/us his "system" when Franz Shoar is proven to be a truly lengedary trader ... never!
Believe it or not, but some people are too lazy to change the default size settings in TWS and simply opt change the amount on the fly (overtype the 1 with an appropriate number) just before hitting transmit. In addition, depending on the methodology, the lot size might be highly dynamic and therefore a "default" size is meaningless hence an argument for not needing to change the default size. I don't know why he simply doesn't use Buttontrader or some other front end that might be more effective for his style but that may simply be a reflection of being comfortable with his current tools and the way to use them - even though there are easier ways to acheive the same outcome. It's not unusual for people to stick with more difficult techniques for achieving tasks (trading or otherwise) when there are easier ways of doing things, merely because they are used to doing it a particular way. Once again, the default quantity on the order lines is not a smoking gun or conclusive proof that MyMiniTrading is an imposter...but it is the ambiguity and evasiveness of MyMiniTrading that raises the questions. He could clear it all up in seconds! It makes for an interesting study in human behavior nonetheless He'll be back. MoMoney.
It's not a matter of default settings. I wouldn't default to 5 or 10 if 30 is a rare occurrence; BUT, has he ever posted a pic of an order page with standing orders exceeding a one lot? Ever? TWS page PnL totals ONLY include any tickers that are active on the page in question. Have a big loss on one ticker and a large gain on another? Simply delete the offending ticker from the page and the PnL looks beautiful. Spreading YM against YM[switch trade], ES, NQ, ER2? Easy stuff to manipulate on this TWS "blotter". Nobody is forced to start a PnL thread. If you're intent on posting BS then expect to be ridiculed. I will be the first to congratulate minime if he posts a vetted blotter with price/time removed. I understand that he'd like to keep whatever edge he believes he possesses.
I am perhaps way off base here but my guess is that he clicks on the bid and ask of the market data line a few times to generate a bunch of prefilled buy and sell order lines (with the default quantity of 1) that are ready to transmit market orders. However, just before he clicks on the T to transmit (assuming keyboard shortcuts are not used), the quantity is updated. Therefore, one would never see any order lines greater than one lot on the screenshots as those order lines will disappear once the order is filled. I admit that it is one of many possibilities! True, spreads are a possibility. I guess in my infinite naiveness I'm having trouble coming up with reasons for why someone would go to so much trouble just to post a fake blotter on an anonymous forum! Agree. It does seem trivial for MyMiniTrading to clear this up definitively but it appears he has chosen not to...*shrugs* MoMoney.
I have little interest in the subject beyond his reticence to post an actual blotter when that seems to be his intention. I don't see any edge in earning a grand here and there and giving back 18 large. It's obvious he's averaging into losers as well as winners. I am not interested in his methodology.
Hey Bear, That was a "loss" that only a noob would make, for the purposes of learning something (anything) from this thread I'll list them in order: a) stepping away to get a sandwhich (never leave your screen while your trade is in place and), b) not leaving a protective stop in place to protect his principal (now that's just plain f*ck*ng stupid, no I don't believe he did that), as well as, c) averaging into losers hoping for a bounce at the close (every trader - even the noobs - know that tomorrow's another day) NFW do I believe that that loss was real. My Mini is too skilled a trader to "really" take some bullshit loss like that. He did it because folks were getting on his ass about not posting his losses ... it was just more of My Mini's Dog and Pony Show ... which both I (and he) finds to be very entertaining, nevertheless! Ciao, JJ