God, you guys are sad...
I can identify with some of your hard luck stories but you have to understand that SOES only trading is for losers.
Someone mentioned a while back about all the 'noise', wiggles and headfakes these crafty mms are employing all the time. You'd be a idiot to have a 1/8 mental stop on every single play. This market prohibits you from making too many plays because you will get eaten alive.
I regularly make 500-2000 per day daytrading (with a few +10k days)... not to say I dont have losing days, because i do.. but you take your losses ASAP and take off... if a stock turns of me, i say 'see ya' and move on to the next one..
unlike soes bandits, i do watch for NEWS because that is what gives a stock's run legs... and we love legs...
I cant even imagine paying some firm $25 a trade. I use datek and i'm in and out in the blink of an eye... $20 round trip.. granted it aint soes, but thats why i make sure i trade stocks with plenty if isld orders in the book which assures me liquidity when i need it..
the gameplan is simple... jump in on a trend, ride it, and dump it on the first sign of weakness... and move on.. use a trailing mental stop.. and yes, on most of my losing trades i do bail with -1/8 at the most.. but its really a no brainer with lvl2 when a stocks gonna fall.. geez, you see inca sitting on best ask with 200 size, mms jumping off the bid and panic sellers on time of sales.. its a no brainer... or is it? .. a headfake? ... hmm.. thats why you gotta know the stock.. you need to keep a basket of stocks that you watch religiously everyday... and trade those..
good luck...
want some violin music?
Snipe' |
