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allinadayswork
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Everything posted by allinadayswork
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oh lovely... dont use tradier, but they do seem to have many problems, even a few debacles according to SO subscribers, including site not responding for an extended period. no platform is problem free, however if you cant cancel an order... very worrisome for the very reason you described. might want to find out if they are counter-party, would explain alot. do the math, imagine you trade any meaningful lot size, how can a broker offer across-the-board excellent service/executions for a paltry sum? if you get good service, someone else has to get subpar, is economics 101. off-hand i would say you just experienced that fact.
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from the comment so far, it is obvious there are as many reasons why traders lose as there are traders aside from all previously mentioned, sometimes the market conditions are hostile to a particular strategy, or strategies. (see 2016, 2019 on chart belo) SO performance as an example; so far SO is way down from statistical average first 4 months of year, only 9%, on track to be worse full year in its history, prior worst full year was 40% would you have joined if 40% was average result? lets just suppose that 2025 ends 4x9%=36% and you are able to realize 1/2 that, =18% (just no way you will match or beat @Yowster at his own game) that is still an impressive gain, but frankly you will work for every penny of it consider the current market conditions the best training you will ever receive as a trader good news is that historically, last part of year is usually the best part of the year for SO profit-wise, yay! if trades you are able to enter are ending in losses, cut your position size, or stop trading until you have a better feel for market and impact on strat(s) you are trading, aka sih, sit-on-hands many current traders have only experienced a continuously rising market fueled by fed stimuli rising tide lifts all ships that is no longer happening and the traders now in charge of big money have no idea what they're doing, is all new to them, whip-sawed hither, thither, and yon, i would not be surprised if many traders are deep in the hole so far this year but i can guarantee you one thing, you will end the year either up,down, or b/e anyone tells you anything else is selling something
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hey, wait a minute, im irish! ,really... during the "great recession", saw an interview of an independent trucker. he had been losing money on every load since it all started and half his savings was gone. interviewer asked him what he planned to do. replied, "run my truck until im broke and then park it", as tho that was the dumbest question he had ever heard, sad but true story
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think my response would have been, "i know a guaranteed way to have an account balance of 1.25 million your first year of trading.. start with 2.5 million and quit when you reach 1.25. many have done it, so can you." HA!
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couldnt agree more, simple is the most difficult of all
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no one is destined to succeed or fail at trading. you may have a winning strategy but it doesnt suit your personal emotional makeup. you will be miserable, like having a 9 to 5. if you like fast-moving-action trading, you arent suitable for slower strats, no matter how profitable. you will always want more action. and vice versa. you can use the slower strat as a secondary style. i do. find a profitable strategy that matches your psychology and emotional makeup, and the rest is simple; just follow the strat.
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heard Zig Ziglar speak about 45 years ago to a group of salesmen. remember very well his advice; "when you ask the closing question, SHUT UP!" didnt read the article, but stats on traders pretty much the same for last 40+ years, yet some do succeed. couldnt agree more, trading is the most difficult "job" a person can have. and day trading or scalping can be the most difficult, mainly because of lack of knowledge. unreasonable to expect to become meaningfully profitable without years of trial and error, or being trained.
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sounds like all would be useful, so fill me in on where you are, thanks
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has any progress been made on these enhancements?
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@ex3y7s do you use api only for account admin or streaming live data? what about robo trading? do you feel comfortable having account there? @krisbee was about to open an account to test drive when the last debacle occurred. got the jitters about parking ant funds there, any thoughts?
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does anyone use their api, and if so, what is your experience with them re api?
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ain't no "discount" worth this.
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@luxmon thanks for the info re brokers hidden fees, though is no surprise. old traders joke; know why they're called 'brokers'? because the more you use them, the broker you get. everything is relative of course, but i still remember the first online trade i transacted. with schwab, who at the time was a true discount broker, compared to all the other pirates, i mean brokers. some 30 years ago, $39, for 100 shares, both ways. at the time it was dirt cheap, relatively speaking. and convenient. i was living in high cotton, trading from my desk, at home, drinking ovaltine. in comparison, broker-assisted were still charging hundreds or thousands, for a single trade. depending on volume. schwab really put the hurt on brokers. what a pity😂. however, commissions are very important to an active trader, and there has never been a free lunch, anyone says different is selling something. you mention you use schwab and your rate is .30 per contract? would you mind sharing what volume that entails? since the tda/schwab debacle, they don't play very nice and have been giving me the run around b/c i requested .25. but my recent fills on tos are garbage. gonna close the schwab account and just use my other brokers if they don't change their tune...soon.