In my old job I had to clean up when a things went wrong for a trader and he was left with a large position on a really thin stock... so watching your video brought back some pretty fun memories. thnx. happy trading.
It's impossible to trade that size and NEVER be on the wrong side of an algo flush. Just wondering if you had a video of a trade ripping against you.
Clubber, No doubt, you can't face the algos alone and expect not to get slammed at some point. That's why I try to play when there is a lot of participants, as they say 'my enemy's enemy is my friend.'. I got one from 5/27/2014 where the algos rug pulled so hard I got trapped for a - $37lK hit then recovered back to - $4k later in the day. But that one is almost 3 hours long! It's too large to post on You Tube. I had a quickie trade today on FB for anticipating a squeeze on the 65 tick for some liquidity to scalp into. Left a big tip on the table for the trading Gods, but that's the sign of good liquidity. http://www.youtube.com/watch?v=CnE20x6z-iQ&feature=em-upload_owner Cheers!
Amalgam, HELL NO! :eek: That would completely go against the risk and probability dance. To me, risk + probability = by-product of profit/loss. If I go more size, then my holding period has to be thinned down to offset that risk, as for probability, I use highest probability set-ups for smaller price targets (contingent on liquidity) to generate the by-product of profits. I wouldn't hold more than 10k FB on an overnight as a pure directional trade but for the most part, I am closed out to cash 95% of the times by end of day. I'm an old school scalper from the 90s and have been ripped too many times holding overnights so I stay nimble and risk averse by sticking to intra-day trades. That's just my style and temperament. Cheers!
wouldnt even be interesting if not for the sick size. this is pennies in front of a steamroller. I can do that 500 times a day. PS , the problem is, we don't get to see your losers. Cherry picking the winners is easy. Hitting delete on the vids of the bad trades is even easier.
"wouldnt even be interesting if not for the sick size." Hence the title of the thread :eek: "I can do that 500 times a day.: Good for you big man. That's pretty impressive. Have a nice day, grumpy
If a baron of industry came here and showed how he made 1 cent every time he sold a widget, but did it 100 million times a year, no one would care. But if a 'trader' does that, every one is impressed. well, not everyone.
Stock777, Ok you win. Can't argue with that genius analogy. Dumb videos, waste of time, I suck. Happy now? Cheers!
Why are you trying to get people to trade at full margin for pennies a share in a single name? Will you be there when they blow up? Yeah, at the wake.