Mine still has plenty of space left. I even have a dedicated "is this the holy grail? " map Anyways, thanks all. I'll let you, I'm off tape reading or what seems like it and I won't be back before... nah probably tommorow
Steve, Since this thread is dedicated to you (it has your name in its title), I have a couple questions for you. I looked at a number of your P&L posts in that thread and haven't seen a single losing day in the several that I checked. Further, your daily earnings are fairly impressive by my standards. So, my questions are: how many trades do you do on average per day; what is your approximate win/loss ratio; and, what is your average $win/$loss. I don't trade stocks, but I'm curious so I'm only asking for off-the-cuff "ballpark" figures.
u look for news 'cause u need a deep pocket bastid to have a particular interest in that stock and buy it all the way up, preferably from the open to the close...news attract buyers.
velocity trader Right on, it is up to the individual to learn from trial and error what works for him/her. That concept seems to elude the 95% that try but fail. When individuals can not grasp such a simple concept it must also mean they will miss just how easy the entire game really is. Try lesser.....NOT harder. Works every time.
Json .... I really hope you stay with the odd lots most of the time. Price can move suddenly and far. If you are in for say 20 to 50 shs short/long you wont have to take too big a hit in case you need to bail out. You gotta protect that capital at all cost right now. And ...i use IB and i have no trouble getting filled either long/short 80% of the time even with odd lots. BTW ... Today is my first anniveresy trading intraday/swing and i still feel very much a beginner. My acct got funded at IB june1 05. for me its learn learn learn. ET people are big help. Also .... you might take a look at BBY. Its fairly "news" sensitive every wk or so and usually no wild moves. Could be good to practice on maybe. later ... rj
Haha, yeah I noticed that the thread has my name in it, its rather embarrasing since I am not a big trader whatsoever. We should replace my name and put in Rearden Metal instead I've had a couple down days this year so far but nothing too major. My trading is pretty rigid and structured which is a good thing but also a bad thing in the sense that I want to break out but know that my rules dont allow me to. I guess I should change a few rules around and see what happens. Anyways, I dont know how many trades I do on avg a day. Its hard to say, because each 100 share lot I cover as I am clipping out counts as 1 trade so the # of trades is rather deceiving. I would say I am probably in and out of about 100-150 trades a day? Totally guessing on that figure since I dont keep track of it myself. As far as wins/loss %, I really dont follow it either. I just trade what I see and as long as my P&L curve is rising over time, I dont worry too much. Its the complacency that gets me worried. I am sure, when I do hit that plateau, I will need to look in more detail over my trades. My risk/reward is very good so I am sure that helps. Probably close to 1/5 I would say. Again, this is a guess. QUOTE]Quote from Thunderdog: Steve, Since this thread is dedicated to you (it has your name in its title), I have a couple questions for you. I looked at a number of your P&L posts in that thread and haven't seen a single losing day in the several that I checked. Further, your daily earnings are fairly impressive by my standards. So, my questions are: how many trades do you do on average per day; what is your approximate win/loss ratio; and, what is your average $win/$loss. I don't trade stocks, but I'm curious so I'm only asking for off-the-cuff "ballpark" figures. [/QUOTE]
I think you made a smart move--a guaranteed win. If I had lost the money you did, I'd probably do the same. Imagine how you'd feel if you blew the last 25K (and still had that mortgage). You can always come back to trading in the future, if and when you're ready. And a person can start with 5K and make big money. I wish you the best.