My trading - how I trade for a living

[rmt]

mistake YNDX: entry 23.55

 

[rmt]

Ok I am back after a short break. Today the markets will start for the big players again.

 

[rmt]

update for 10.01.2013

 

[rmt]

update for 11.01.2013

 

[tech/a]

Seriously I just cant follow your stuff presented.

Peters graphical display however is far more intelligible.

Cant you replicate that.
At least we can follow your progress---although there is nothing offered up as help for the budding trader who wants to make a living replicating---How you trade for a living----???

 

[peter2]

I'll post my graphical update at regular intervals so long as rmt continues to post his xls.

My reasons for monitoring these trades is that I'm starting to swing trades US stocks myself. My past attempts have not been the success I'd like, so I'm gaining experience in seeing how they move. I'm paper trading another 30 trades consecutively to learn how to best manage the trades myself. US stocks get pretty volatile during periods of uncertainty and now earnings season. Opening gaps are quite common and have to be managed. Even though the VIX is low, using tight trailing stops looks unhelpful.

 

[tech/a]

Thanks Peter very helpful

 

[rmt]

yeah thank you peter,

I will keep up my posting. Many will say oh he is not making any gains in the moment. How can he trade for a living.

First that is how trading works you have to accept that losing is a part of it. I am sure that there will be times when I make decent gains because some of my plays will work out perfectly, but you have to be patient.

Do not rush anything, like you can see my risk is down in the moment. That are all important parts of trading to know how to adjust your risk and to know when your trading is not working out really good.

That is a reason why I think you should have a decent amount of capital to trade for a living

Update later today

 

[CanOz]

I'll post my graphical update at regular intervals so long as rmt continues to post his xls.

My reasons for monitoring these trades is that I'm starting to swing trades US stocks myself. My past attempts have not been the success I'd like, so I'm gaining experience in seeing how they move. I'm paper trading another 30 trades consecutively to learn how to best manage the trades myself. US stocks get pretty volatile during periods of uncertainty and now earnings season. Opening gaps are quite common and have to be managed. Even though the VIX is low, using tight trailing stops looks unhelpful.

View attachment 50417

This is ASF GOLD!

 

[rmt]

update for 14.01.2013

 

[prawn_86]

I will keep up my posting. Many will say oh he is not making any gains in the moment. How can he trade for a living.

If this is how you make your 'living' how do you cope with taking money out of your account to pay for rent, bills, spending etc? You are flat on p&l after a month, so surely your living costs have decreased your capital base this last month?

 

[So_Cynical]

If this is how you make your 'living' how do you cope with taking money out of your account to pay for rent, bills, spending etc? You are flat on p&l after a month, so surely your living costs have decreased your capital base this last month?

Trading for a living with a 1.5 million account...thinking rent is not an issue.

 

[CanOz]

Trading for a living with a 1.5 million account...thinking rent is not an issue.

LOL...understatement of the year..

 

[Garpal Gumnut]

Can anyone beat this method of picking stocks?



gg

 

[FlyingFox]

Hi rmt ,

I have been briefly looking at this thread. Would I be right in assuming that your trading on the volatility of the instrument? Assuming the stock prices go up and down (with either an upward trend or even flat trend), you buy at a certain point. If this happens to be a point at which the stock increases in value than you keep going (still need to figure your closing method). If it drops below the your stop, you sell with a small loss.

Assuming stock price was like a sinusoid, your looking to get in at the bottom and sell near the top (but in more short term cycles ). While the average stock price is zero, if you consistently pick the bottom and top you get a nice positive return?

Obviously this only works if you're getting more profits than losses and you profits on average are at least as large as your losses. It helps that you have a very large capital base.

Something along those lines?

 

[Julia]

Trading for a living with a 1.5 million account...thinking rent is not an issue.

Has rmt stated that he is using a 1.5M account? I haven't read the whole thread.

 

[burglar]

Has rmt stated that he is using a 1.5M account? I haven't read the whole thread.

Yes

Hi Peter,

I will add a tab with a model Portfolio in my excel file. In real I trade a 1.5 Million USD Portfolio therefore even small gains are quiet big. I wouldnt reccommend to trade for a living under 1 Mio USD. I think the good thing about me trading is the fact that you can do it as part time trading as well because you do not have to watch the market all the time

 

[Julia]

Thanks, burglar.
I wouldn't necessarily assume someone trading with 1.5M can afford many losses.
Depends on his lifestyle.

 

[So_Cynical]

Thanks, burglar.
I wouldn't necessarily assume someone trading with 1.5M can afford many losses.
Depends on his lifestyle.

Can certainly afford more losses than i can Rent is an issue for me!

 

[rmt]

update for 15.01.2013