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HOMEA Word of Advice |
How many trades a day? How many trades a day do you need to take to make a decent living? Let's see... Have a look at this picture. It shows the P/L of one trade in my favorite emini market (ES) executed with 4 contracts. Would that be enough for you for the day? I bet that most people, even in the richest country in the world would agree that 5 or so grand a month is a pretty decent income for one person. But, suppose you took another trade and ended up with a P/L that looks like this. What are you saying now? As you see, it's really not the number of trades, but their quality that makes all the difference. I would rather be lazy and rich than hyperactive and poor. For some strange reasons, it's the latter that seems to be the choice among many day traders. Working harder does not always translate into bigger profits, certainly not in day trading where working smarter is way more recommended. So next time you see some vendor promoting his wares that give you 10 or more signals a day, you can be assured that he is selling this stuff because he went broke using it himself. Wanna be the next one?
The trades shown in the pictures above were taken in real time using ZeroLine Trader. securities fraud, criminal lawyer Boston, California injury lawyer, criminal attorney Miami, securities lawyer, stock broker fraud, investment lawyer, Securities Fraud Attorneys |
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Disclaimer: HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS UNLIKE AN ACTUAL PERFORMANCE RECORD. SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. |
| Copyright Waldemar Puszkarz © 2005-2006. |