Hydro, If you are making money and it looks like you are there is NOTHING bad about it. I am not sure what you are saying about 200K-300K per day. If you are talking about volume I will say that I disagree. You don't make more the more you trade. You are doing very very well for someone who looks like only trades NYSE. I could never figure that one out it is like some sort of strange cult out there of people trying to figure out what the specialists are doing.....maybe I miss something but that is just not my style. I trade anything and everything. FYI I am NOT and I repeat NOT looking to make anyone look bad only demonstrate that equity trading works and you can make money at it. Trading is like golf it is a game of good small errors not trying to kill it every time.
DT, Can you show a screen shot of the total shares you traded *TODAY*? This way the day traders can compare with your swing trading strategy. It appears that most of your profit is from overnight positions (nothing wrong with that). Thank you!
Here is what I have done so far. Nothing crazy in terms of volume which is another reason why my 1 1/2 penny per share is fine with me.
slow day for me... i scalp for pennies (more when i can take it, today it's just pennies)... i trade mostly nyse.
MNX, Nice work and thank you for stepping up and posting. What do you use to find trades? Also maybe you can explain to me and others why so many traders choose to only trade NYSE.
i don't use a screener per say... i do get the computer to assist me though... computers are way faster than i am so I'm using that to my advantage... i know that sounds vague but I don't want to say much more than that... i don't know about others, but I trade the nyse because it's inefficient... which makes it easier to make money scalping... I'll post an EOD later on... my $.02 mnx
this is a little better than normal day for me, trading LU today like usual.......... I trade crappy little small caps on news, but most of the time I am trading LU, ELN, or NT
I'm trading about half the volume than I did 2 months ago. It's a lot slower than it used to be in the world of NYSE. Plus I did not leave early enough and just got screwed being long while futures went up 6 handles. I'm gonna inch up back to 1k net which is a good day and get the f**k outta Dodge.
One downside to trading a long/short approach are the strong trend days. They force your positions to pair off on each other. But we all know how often these days come along. Anyhoo....daily fluctuations are simply static to me so kudos to you guys who make a living daytrading! p.s like Hydroblunt said "these stocks are dangerous"...stay clear if you cant handle the heat. I have seen HANS move .50 on like 1k shares.....f`n nuts