SDTrader, I'm sure that you're honest as the day is long (in July) and I have no reason to doubt what you've posted, and I hope you'll take this in the spirit in which it's intended, but DrProTrader, if a spreadsheet constitutes acceptable "proof" to you, then you are in for a world of hurt.
How long have you been trading? Would you say you consitently score a grand a day? I think there are still a lot of oppurtunities in this market but you just got to have big balls and trust in your own trading skills in order to take advantage of them.
No my average is a bit under that (this year). SDTrader is outperforming me this month by a little. I've been daytrading since '98. IMO trading has nothing to do with having guts. It's all about having a system that you know works. The hardest part about trading is finding that niche. Once you have that you sit back and trade it.
Thanks for the advice. I'll keep that in mind. You are right about having a system. Once you trust your system you can take bigger positions and make more profits. Building that trust is the hard part.
And the pissing contest begins. I'm in I closed out my Hammer, but Im up like 500 on 14000 shares. I'm very happy with that, Ive been done trading since 11:30, and Im outta here to take care of biz. I'm not trying to be mr. cowboy trading heavy size in this fucked up market. More concerned about controlling the bad days which hit me badly the second week. Also Im trying to get my consistency back and being very careful has helped me a lot. My costs to profit ratio is getting back to where I want, so I'm getting back on right track, expecting the same conditions next month. But I had more than a few days last month where I was up like 2k on 30k shares by 12. And I only had one losing day. But what did that really mean over the last 3 weeks? Squat. I think I've traded better this past week than I did last month yet Im up like a 1/3 of last month. So it's great if the market did not affect your overall performance for whatever reasons (luck?), but focusing on your good days does not mean anything in regards of how great of a trader you are. Let me see how you do in a bad month. This 60k a month after 10 months of trading sounds like the fairy tale of 1999. Especially after this month? Man how in the world would this guy be unaffected to handle this lack of volume and volatility when seasoned 6+ year traders are feeling it significantly? My guess is that this is a bullshit story or there is a lot more info to whats goin on. And if he is for real, man I would pay to watch him trade and ask him some questions. You let this Wunderkid know that.
Quitting for the day...it ended up being a big day. OK enough bragging, I'm off to Tahoe Updated blotter: