Well if he isn't and holds overnight then that's even more a reason to trade Sp500 futures globex and avoid opening gaps. Risk increases for swing traders trading markets that are only open 6 hours a day.
i trade size bigger than that. it's not a big deal if you know the situations you are getting into and know the stocks. when you get in the trade you already have a decent idea of what kind of slippage you will generate getting in and out.
From looking at his individual trades, it appears to me that Neke is a daytrader. Am I reading it incorrectly?
Knowing how much slippage you will incur doesn't change the fact that it will have a huge effect on returns 20 years down the road.
Yeah, but Neke is aiming to be profitable. He simply cant afford the losses that you incur with each trade.
you do understand that it is more important to get out of the trade when it is going against you rather than to worry about a couple pennies in slippage, right? if you sit there trying to screw around getting hit on the bid when you are trying to cover a short rather than just crossing the offer up by a nickle or dime to get out of 10k shares then you run the risk of someone else taking the liquidity you need to get out on and you also run the risk the trade moving further against you. further you also cost yourself time by dicking around on an exit for too long rather than continuing to look for more opportunities.
lol you got it! i just sit around hitting market buy and market sell all day burning thru my infinite paper trading account. go buy some more fannie and aig.
Its so much easier trading the SPY and its leveraged counterparts. The SPY is most often studied and somewhat predictable. You know there is more downroom to go in the current spy. This next week will be filled with bad news sending us down and the wiseman will be in the 3x bear etf that goes against the spy. Then when it all bottoms it will be time to get into our single digit faves to ride it back up. Should be a fun year for Neke. For example, ALL suddenly dropped 20-30% in two days with no prior indications that it would do this. Individual stocks are simply not predictable where as leveraged etfs are somewhat more of a stable and predictable platform. Im glad to hear that Robbie is doing well in his papertrading account. While he is at it, he could start posting his trades publicly to one of the many trading websites out there so we can see his performance versus hearing how good he is and his size.