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Any stock traders on BMT?
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Any stock traders on BMT?

  #1 (permalink)
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Any stock traders on BMT?

From the (in)activity on this forum, it seems there are not.

I trade stocks exclusively, and would be interested in contributing more to futures.io (formerly BMT)-----but only if others have similar interests.
My trading style is very discretionary and opportunistic.........which means, among other things, that it would probably be of no value to futures traders. I trade traditional chart patterns, indicator signals, and news. A mixed bag.

I use 1 min/3 min (and sometimes 2m & 5m) charts, along with level II and T&S. My profit targets are $.10-.40, usually partialling out---sometimes partialling in.

Am I consistently profitable? I think so........but it's a relatively new phenomenon, and I'm still trading small shares--max 400. I've recently added some structure to my trading which has helped a lot......including a hard daily stop (broker will set that for me). I have no trouble honoring stops on individual trades, but it's the daily stops that have been my bane. Adding the hard (enforced) stop.......as well as the ability to instantly convert to sim trading on the same setup.....has hopefully solved that problem for me.

I have been in a trading room for the last year and a half, and am probably leaving it soon........and would possibly be interested in doing a (text only) IM connection with a few other traders, to replace that room. I find that posting all my trades in real time, for others to see, is of great help in keeping my trade quality high.

If anyone's interested in seeing what the trading room that I'm currently in looks like, it's at:
RealityTrader Trading Log
the entire log is posted at the end of each day.
You can read the whole thing (including lots of goofing around), or do a text search for 'strider' to see my posts. I believe I posted everything I took Friday, though there may be some typos and such......

Anyway, if there are others interested in seeing and participating in posts on stock scalping strategies, and possibly in a trading room, I'd like to hear from you.

strider
....just another guy on the lost highway

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  #2 (permalink)
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You are right @jmjstrider, unfortunately, it seems there is not a lot of stocks traders.
The $25k rule doesn't help, and most people trade Futures and Options before of the larger leverage you can't have with stocks.
But I think some guys are trading stocks at futures.io (formerly BMT), you may find them sooner or later (my last stocks trade was 6 months ago, but I didn't say my last word...).

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  #3 (permalink)
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Activity breeds activity -- so I encourage you to post and share, which will attract others to do so. There are thousands of stock traders on futures.io (formerly BMT), they just haven't started posting much because no one else has

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  #4 (permalink)
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strider

I trade ETFs and their options, all swing trades, 3-14 days holding period usually. No individual stocks.

My style is mostly global macro, with some vol trading thrown in. I usually don't post about what's in play in my book, and I'm too far from the exchange to manually scalp, but I'm more than happy to trade general ideas.

FWIW I've been paying particular attention to the crude complex lately as I'm short puts, and I'm paying attention to EM Asia equity indexes because I live there. EM momentum in general seems to be weakening and I'm looking at ways to play that.

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  #5 (permalink)
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I no longer do straight equities... no real benefit to doing so... I use options for all my equities trading.. it can be swing(2-5 days), or day trade... same principles to me, better risk control..

as Mike said, there are lot of members.. just post and you will find those still trading them straight...

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  #6 (permalink)
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sysot1t View Post
I no longer do straight equities... no real benefit to doing so... I use options for all my equities trading.. it can be swing(2-5 days), or day trade... same principles to me, better risk control..

as Mike said, there are lot of members.. just post and you will find those still trading them straight...

Can you give an example of better risk control of options vs stock trade?

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  #7 (permalink)
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MXASJ View Post
strider

I trade ETFs and their options, all swing trades, 3-14 days holding period usually. No individual stocks.

My style is mostly global macro, with some vol trading thrown in. I usually don't post about what's in play in my book, and I'm too far from the exchange to manually scalp, but I'm more than happy to trade general ideas.

FWIW I've been paying particular attention to the crude complex lately as I'm short puts, and I'm paying attention to EM Asia equity indexes because I live there. EM momentum in general seems to be weakening and I'm looking at ways to play that.

ActiveTrader has some good articles on ETFs this month. I like the one about playing relative strength across global ETFs.

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  #8 (permalink)
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let's use the simplest trade ... going long a put/call... all that I risk is my premium if I am wrong on my bet.. I should say, a percentage of my premium.. lots of people dont mind not closing a trade when the prem paid is small... but what about when it is $5K+? I personally dont like to loose premium.. the % lost to cut the trade depends on many factors for me..

with stocks I used to let's say long 1000 F @ $10, trailing stop @ $9 ... position is doing well, I am up to $11... my stop is somewhere around $10... weekend comes around.. news that the UAW is going on strike for 2 months across all F plants because of whatever reason appears... monday morning F is around $7 ... you just lost $3K best case scenario instead of breaking even as your trailing stop should have done for you.

now... lets say instead you long 10 calls @ $10 strike for $0.75... your cost ~$800 ... same scenario... come monday when market opens, you just lost $800... not $3K+..

to me, that is better risk management.. lots of people get into options trading because of the leverage... which trust me, I like as well given that I rather tie up a smaller amount of capital to control the same quantity of stock... but I personally like the protection options affords my capital when I am wrong.

please note, I do not carry options to expiration, I usually never write (unless as part of a strategy or to finance a position) and I never exercise... I only do ITM/ATM and I only care about Delta and Gamma... I am a short term trader... that is what suits my style of options trading... I am not an expert by any means... what is good for me, might not be good for you, and I always recommend that someone finds their own reasons for trading anything.


monpere View Post
Can you give an example of better risk control of options vs stock trade?


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  #9 (permalink)
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btw, a good book that defines risks for all the different strategies is "The Bible of Option Trading Strategies" by Guy Cohen.. it has a decent number and it goes into details about each strategy...


monpere View Post
Can you give an example of better risk control of options vs stock trade?


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  #10 (permalink)
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I primarily trade stocks. I follow TSX, NYSE and NASDAQ (only AAPL). My profits aren't high, but they are very consistent.

I'm learning about futures and options now, as I plan to switch over in 1-3 months.

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