You guys who do VOLUME, why so much?

joeyata1 · May 24, 2005

i think there's alot of smoke blowing here. i find it non believable a guy is overcoming 4k a day or 80k a month of commissions. the idea of this game is to make as much money as you can with as little trading as possible. overtrading is the achilles heel of many traders

phenomena · May 24, 2005

Quote from joeyata1:

i think there's alot of smoke blowing here. i find it non believable a guy is overcoming 4k a day or 80k a month of commissions. the idea of this game is to make as much money as you can with as little trading as possible. overtrading is the achilles heel of many traders
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dude, thats BS, i PERSONALLY KNOW ppl who trade avg over 100 times a day, sometimes 200, and have taken in over 1 mio in a year its called scalping, and is a very low risk, although commision intensive strategy....you dont know much about this business, stick around a while...

yeayo · May 24, 2005

Quote from phenomena:

dude, thats BS, i PERSONALLY KNOW ppl who trade avg over 100 times a day, sometimes 200, and have taken in over 1 mio in a year its called scalping, and is a very low risk, although commision intensive strategy....you dont know much about this business, stick around a while...
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LOL...he has scalped and he has made millions and he has been at this for well over 10 years

joeyata1 · May 24, 2005

100 to 200 trades d ay isn't 80k amonth commissions. i assure you no trader on this board is overcoming $1 million ayear of commissions.

OddTrader · May 25, 2005

Quote from Grob109:

I read the thread.

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Sure.

PS: Are you trying to tell us sometimes you don't?

BCE · May 25, 2005

Quote from Grob109:

I read the thread.

With respect to making money in equities, I use the following general limits for the reasons indicated.

The share limit you mention is true for me. I NEVER trade in one capital stream more then 100,000 shares (think 10 to 30 dollar range). Why?

Liquidity is the reason. My rules come down to never trading in a day more than 10% of the cummulative volume of that day.

My rule for entry and exit is to use blocks the size that are being traded. I use the high end of the block size. A typical 100,000 share entry requires about 20 actions to accumulate the 100,000 shares and the duration required to do this is the amount of time it takes for 1,000,000 cummulative shares traded that day starting ONLY after the stock has traded an amount of shares equal to the LOWEST amount of shares traded a series of days when the stock consistently keeps at that total days trading LOWEST volume.

The # of blocks going in is about 20 and the # of blocks going out is about 30.

I have posted an example of this where a third party observed prints at the request of a B person. The rough info was average in @ 11 average out @ 28 on the 100,000 shares in that particular stream of capital. A biotech corp.

The general nature of trading is position trading and the hold is in the 6 to 8 day range and the net is about half of the H/L range ( I target (not predict but expect based on 5 prior consecutive moves within 6 months).

Obviously this is anything but rocket science.
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Hi, Grob109
I'll try again here. You quoted my thoughts below but didn't actually leave a response. Thanks.

Quote from BCE:
I was thinking more about your post here last night and wondered if you're saying you yourself built a position of 100,000 shares @ 11 average and sold them @ 28 average? Unless my math's screwed up this would mean you acquired a $1.1 million dollar position and then made $1.7 million dollars on the trades. Am I misunderstanding you? And also was curious where the other post with the example of this is? Thanks.
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Everest · May 25, 2005

Quote from yeayo:

well there goes your credibility
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who said i need credibility?

and from you? O contraire.

Everest · May 25, 2005

Quote from joeyata1:

i think there's alot of smoke blowing here. i find it non believable a guy is overcoming 4k a day or 80k a month of commissions.

How sad.

the idea of this game is to make as much money as you can with as little trading as possible.

Really ?

overtrading is the achilles heel of many traders

name 3

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Cutten · May 27, 2005

Other things being equal, a profitable trader doing more size means he makes more money. The question should be - you guys who don't do volume, why not?

Lights · May 27, 2005

Quote from joeyata1:

100 to 200 trades d ay isn't 80k amonth commissions. i assure you no trader on this board is overcoming $1 million ayear of commissions.
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i know quite a few guys who did that in the world of daytrading and made 7 figures take home.