I only post net P&L (what I take home). FWIW, I trade prop, 300K BP, hardly ever go over 100K at any given time. Trade bewteen 400-1500 shares per position.
we've been over this before. BP doesn't matter because: 1.) $1 = $1 no matter how much BP you have. You can't spend % and 2.) some props have virtually unlimited BP, some retailers don't use 100% of their BP; I'm assuming you want to know BP because you want to know how much is at risk, right? More important would be max share size per position I'm not trading today - not feeling 100%
I agree, buying power is meaningless because if you are at a prop or pro shop, you generally don't worry about it, you just worry about trading. To me, I have way more bp than I'd ever use, meaning I just take every good trade I see and size relative to how much risk I feel i'm taking. The only useful # to put things in perspective would be how much equity someone has in their account, and not many are likely to share that.
-64.78 1800shares rhat didnt get out at the high, didnt get out at the 29.50 bounce. would've made $$$ on both points avged in... stopped out.. tsk tsk got to review what i did...
well, i lied - didn't feel 100%, but who cares! $148 on 15,800 shares really excellent trades today - I was smart most of the time. I played each trade extremely cautiously, but I got angry on my BRCM short and stepped up my share size to 1000 from 400. Would have been stupid, but I didn't FEEL like it was any more dangerous for some reason. The 3 trades that followed were executed with the same amount of caution as the previous ones, and I ended up making some dough! Too bad school starts again on monday :'(
I consider the day a small sucess, although obviously the end total sucks. Managed to take a $1000 loss early and was down 750 only to come back and make a new high, but i got dicked around near the close on total specialist bullshit and tada, thats my story.
+$1835, the ranges of my stocks have increased quite a bit this month so far. Hoping thats a good sign of things to come.