Fellow traders, The fact is: this is, and remains, a very tradeable market. Not being one to post frequently on ET, I have decided to share my trading results for February, keep in mind that January, December, and November echoed very similar results. The key to trading this market is to have multiple strategies, (I trade 5 different strategies just on the open), leverage your time and your edge( through automation), exercise patience(know when to hold em'), and discipline(know when to fold em'). The same forces that have moved the markets in the past are still present, and as long as fear and gread remains part of human nature, there will always be opportunity for traders. To the traders who are struggling, I have been there before, and know exactly what you are going through. If you are struggling, change what you are doing, find a new style, search out a mentor, go get some training, and most importantly, get around someone who is making money. Change is not something to fear, it is something to embrace. I wish all of you good trading in 2004. Mike
Yeah I know you didn't mean to make anyone feel like crap but thats just some shocking info you know. You guys are obviously are doing some sick trading. Would be nice to find a group here like that.
If you do a few days swing at IDSA or RIMM and load it up with 10,000 shares block, you can have some unbelievable numbers too! i wonder how many prop shops let people do that.... Even at 80% cut, it would be great.
Nice numbers! Mind if I ask how long you have been able to put up results like that? How long have you been trading?
Ehh its the same as the last weeks. Greenspan speaking, dead market, a few news moving stocks which seemed to work out nice. That futures nosedive completely destroyed my day. Nothing like watching a stock plummet on ridiculously low volume.