Snake, you are correct - my mistake. Looking through your posts for any pre-existing trading experience was not fruitful. For example, this was your carefully crafted and technically superb response to a serious trader [ NoDoji ] : 02-10-11 12:37 AM -------------------------------------------------------------------------------- Quote from NoDoji: Have you considered trading something that really moves and provides several intraday swings, like CL (oil), 6E (euro)? I get about 15-20 trades out of CL daily and make a decent living trading mainly 1 contract. AAPL's a nice mover, too, though a bit stuck lately; plenty of liquidity in that one. -------------------------------------------------------------------------------- agree.in any time and at any conditions you can perform miracles with 1 or 2 contracts(depending on the account size) Unfortunately, that is the only post I could find that mentioned anything about trading (you used to term contracts).
No idea what the average holding time is, but for futures it is somewhere between a few minutes and a few hours. (I'm not an enthusiastic holder through retracements.) I do (did) have a few stocks in accounts that i don't trade actively, but I sold them all today except for SQM and PBR (it's been an absolute dog!). So I'm sitting on a mound of cash. Does that mean the market will go to 1500 next week? Probably.
Ok,but It doesn`t bother me.Three buttons i really care of are: 1)Buy; 2)Sell; 3)Flat. And when it`s ALLOWED to my crazy forefinger to touch them,that`s all i have in mind while trading.
i misunderstood your post above. it did not actually say that you started to make money when you moved away from intraday.
I simply commented on your opinion that the continuing concentration on the negative outcomes of trading was progressive. I didn't make one single disparaging comment to you. I did ask you a direct question which you ignored and did the gorilla response of "I have been in this business as a floor trader and subsequent CEO, so those of us who have taken riches from the market know . . . and then finished your retort with a typical snide comment. Arguing doesn't do anyone any good on here. I accept what you do and what you've done at face value . . . period. Do not fabricate things you know nothing about. When I taught, 90% of my students were referrals and not victims of marketing as you imply. I guess you got A's in every class you ever attended and thought every teacher or professor did an outstanding job of instructing you in that class to excel at the information provided. You never once blamed an instructor for your lack of perfection, right? Every student in every class you ever attended was equally bright, participated equally, received the exact same grades and thought the same of the instructors in the class, right? I'm bright enough to know that not everyone can learn everything they apply themselves toward.