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When the instrument of choice is OEX options traded as a surrogate for snp
it is clearly possible to trade short time frames off the floor and be
profitable. I am not particularly proud of this equity review since my last
screw job by PT and the cboe shorted me about $2,000 last Friday by refusing
to trade with me. I can live with that and continue chipping away. I turn
the other cheek and keep taking their money. When I develop a new system I
also start a new account. The previous one went from $5K to $24K in two
months This one from $2.6K to $8k in a couple of weeks. However, there is
room in this endeavor for the small player, trading with less money and
smaller time frames. Using OEX as a surrogate to emini or big snp, longer
time frames is a disaster most of the time unless you catch a breakout that
goes into trend mode by strike price shifts. Personally I prefer the
inneficiencies of the OEX and volatility expansions plus time of day to
trade 5 or ten lots in times measured in 30 minutes to several hours. Low
commissions are definitely a requirement. What Mark says about experience
and trading history is so true. It has taken me about 13 years to reach
this point of consistent success. Fortunately early retirement at 50
accelerated the R&D to reach this point.
BobR
----- Original Message -----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 16, 1999 9:21 AM
Subject: [realtraders] As I Ponder {01}
> Hello TheRealTradersList,
>
> As I set here with a few hundred long bond positions waiting to see
> what type of pain and to what extent someone who I never met can
> inflict upon me. I thought of the following question just to make
> some others life miserable.
>
> What if any? Do you think the correlation is between looser in the
> market and the time frames in which they follow? In other words do
> you think that smaller time frames observed = less money made? Do
> you think there are any correlations between the amount of money
> put to risk vs the amount of money made?
>
> I have observed the following samplings of data. Less money = less
> risk tolerated = less winners = faster depletion of trading capital
> = less experience = more obsession with every tick of data = more
> concern for commission cost = more enthusiasm for the passing new
> guru of the day = willingness to listen to the pro's warnings (who
> say this business is much harder than the magazines lead you to
> belive) only after the money's gone and the day job is back in
> everyday life.
>
>
>
> --
>
> .oİş°¨¨°şİ[ WWW.MARKBROWN.COM ]İş°¨¨°şİo.
>
>
>
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