Trader P/L 2005

Hydroblunt I noticed you always get real angry when someone posts that they are having success with trading especially if they are doing something different then you. Who cares if how someone trades eventually does go away the smart ones trade it up until it goes away. That happens all the time in trading. I know a trader who traded a certain way for 10 yrs and what they did and the market anomaly they exploited finally stopped working. That does not mean they did not know how to trade it just meant things changed but they smart to take advantage of it while it was there. I would rather make a $1 million dollars in a year trading with your definition of "incorrect" trading then pike around with your "correct way" bitching how every month trading sucks. Obviously he is the smart one taking advantage of it while it is here and it is working for him. With that kind of money he has plenty of time to figure out something else IF what he does stops working.

 

hydro is still upset he was given up for adoption......

 

oh okay, i see. i should be up on all this stuff for when i increase my volumes.

anyway, keep up the good work! anyone who knocks down $100K a month is doing something right.

 

sammy refer to all the ECN web sites for the correct charges and or rebates at all times. They change often and you need to be up to snuff on them if you are going to negotiate new fees. Here are the links that you need,

http://island.com/subscribers/equitytrans/fee/fee.asp

http://tradearca.com/traders/fees.asp

http://www.nasdaqtrader.com/trader/tradingservices/productservices/pricesheet/pricing.stm#caesits

http://www.trackecn.com/

 

in addition most brokers (retail) offer free MM services like NITE SCHB GVRC for order execution. These routes are sometimes as good as ecn;s and free. You should take advantage of these while you can. I know SCHB on my platform sends everything on listed to BRUT so it does not cost them didly and they are happy to take the trade since I make there volume numbers go up handsomely every month. In the MM and ECN biz, the one with the most volume usually wins. This is why they are so willing to pay and charge what they do. Its part of the commoditization of the biz.

 

Dude tell me smth, Mr. multimillionare, don't you have a life? You're still PM bombing and can't get off the topic? I don't know what you're trying to do all over one sentence on a public message board.

 

while I am posting useful, educational knowledge on this board. Replying to all PM's sent to me, Hydro is still pissed he sux as a trader. Hydro, ONE FORUM, ON ET, WE POST OUR TRADES ALL OF THEM DAILY. I bet you on one month's PL (total profit for the month) I take you hands down for 10k bet.

 

Are you kidding me? If I get your rate in per share, anytime. There are 1000s of opportunties on NYSE everyday to flip stocks for 1 cent, even 2-3 cents.
What educational knowlegde? You're penny flipping. That is it. I post one sentence that summarizes 90% of your strategy and you go ballistic. I can barely take you seriously anymore so stop sending me PMs and get a life. For someone who sucks so badly as a trader, I'm sure getting a lot of attention from some self proclaimed multi-millionaire. Even your supposed real P&Ls can't cover up for that discrepancy.
Really give it a rest. I already said I'm sorry for saying that sentence since it set off a bunch of maniacs and ruined Diamond's thread.

 

mksumny, DT, mschey, lescor and others here have shown an inate ability and skill to extract serious money from their respective markets. I respect this no matter the strategy used - trust me, if I could carry hundreds of thousands of shares of a 2-3 dollar stock and pull 5k+ a day...

WELL the POINT is I do not, and it is not because I don't like the strategy (it doesn't matter if I like the strategy or not) - it is because of my experience and skill level that do not allow me to do something like this (yet).

Hydro, personally, this thread inspires me and also intimidates me at the same time. I work my ass off in this buisness and I pull some "decent" numbers but nowhere near these guys. Hence I quit posting due to feelings of inadequacy and I figured people don't really care about some dude that trades 100-500 shares and makes consistent albeit small money.

I am very consistent but I DEFINETELY consider a 5k day insane. I also have no problem admitting that I consider a 5k/day absolutely f--kin insane since I am pretty happy when I have a 500-1000 day. So there. in general, you need to be more humble and stop fighting. I am getting the impression that you fight ideas and hence fight the market...

Also, about the commissions thing, I trade small for a reason, lesser cost of doing buisness. I am currently getting my S7 and will be going prop soon but for the time being, I give up to much of my profits to commission to make trading larger and more frequently that much more worth it. mksummny can trade large because of HIS SUCCESS. How is your success?