Hi richard surckla; Re who Bilow works for...
I've signed an agreement to work 30 hours per week at a somewhat secretive start up. I have nothing to say about them, except that I like them a lot.
I also trade the market, and I do quite well. But on days when I'm sleepy, I screw around with new trading techniques on small share size. I do this about once every two weeks or so. The secret to making money as a trader is to be consistent. You can't be consistent if you are trading in a new style, so you have to start out with small share size. I'm very careful at trading, and have lost money to the market on only two days of the last three months.
Instead of that $9 trade in RMBS you reposted, why didn't you mention this one, where I took a profit of nearly $500 in 14 seconds? #reply-12249457 That's also not my usual trading style, and it was also only 50 shares, but it was wildly profitable, a 4% return on investment in less time than it takes most of you retail losers to get a confirmation back from E-Trade. My more usual trading includes this one where I picked up 1.5% in AMD in under 15 minutes: #reply-12346280
Note that the above AMD trade was posted exactly at the time that AMD hit $30, and that I was out of the trade early enough to add the edit that I was out at the half. The stock got as high as 30 5/8 (if I remember correctly) before declining back to around 29 1/2.
In addition to being an excellent engineer fully capable of predicting the Rambus fiasco in advance, I am also a direct access day trader, and quite good at it. Brains and ability are not distributed equally to the population.
So the next time you can't buy a fast moving stock, maybe it's because guys like me are preferencing the market makers out of the money.
-- Carl
P.S. Thanks for providing the order flow. |
