Average number of trades per day

This is a discussion on Average number of trades per day within the Indices forums, part of the Markets category; Hi, I am trying to find out whether I have a tendency to overtrade. If you day trade Eminis, can ...

View Poll Results: What is the average number of your trades per day?
0-5 39 55.71%
6-10 15 21.43%
11-20 7 10.00%
21-30 2 2.86%
31 or over 7 10.00%
Voters: 70. You may not vote on this poll

Reply
 
LinkBack Thread Tools Search this Thread
Old Jun 16, 2004, 9:46pm   #1
 
clylbw's Avatar
Joined Jun 2003
Average number of trades per day

Hi,

I am trying to find out whether I have a tendency to overtrade. If you day trade Eminis, can you please indicate your average number of trades per day? Thank you.
clylbw is offline   Reply With Quote
Old Jun 16, 2004, 9:55pm   #2
 
frugi's Avatar
Joined Mar 2003
I've often heard that there are 1-3 good opportunities a day in ES, but that would probably apply to those looking for at least 2-3 whole ES points per trade. A scalper might take twelve halves, a swinger one six and a Frugi minus ten :-) But judging by your past posts and skill at picking bottom/tops 2 to 4 trades would perhaps seem about right IMVHO?

Or, to be frightfully trite, you are only overtrading if you are disobeying your system, allowing impatience to conquer discipline or otherwise feeling an urge to be "in the market" depite a lack of obvious signal to be so.

I have a suspicion you're doing just fine as u are :-))
frugi is offline   Reply With Quote
Old Jun 16, 2004, 9:57pm   #3
 
JonnyT's Avatar
Joined Dec 2001
Maximum of 1 per day per market for me.

JonnyT
__________________
Trading Mentor
JonnyT is offline   Reply With Quote
Old Jun 16, 2004, 10:00pm   #4
BBB
 
BBB's Avatar
Joined Dec 2003
Over trading is when you are over committed and get a margin call.
Under trading is not being committed enough in order to take full advantage of the move.
BBB is offline   Reply With Quote
Old Jun 16, 2004, 11:21pm   #5
 
clylbw's Avatar
Joined Jun 2003
clylbw started this thread Many thanks indeed.

Hi frugi,

I am trying to find out whether my strategy is right. For example, sometimes it may be more profitable to trade the pullbacks while other times it may not. By this poll I hope to figure out whether I need to adjust my strategy by comparing my number of daily trades with others.
clylbw is offline   Reply With Quote
Old Jun 17, 2004, 12:03am   #6
 
china white's Avatar
Joined Jan 2003
matey my average is 3-4 per day counting a reversal trade as 1. if u count that as 2 it'd be 7-8
__________________
"It's kind of fun to do the impossible" - Walt Disney
china white is offline   Reply With Quote
Old Jun 17, 2004, 12:23am   #7
 
frugi's Avatar
Joined Mar 2003
Hi clylbw,

Sorry I'm an idiot I initially failed to notice the poll above, d'oh!

Perhaps the poll needs to have more choices below 1-5?...don't mean to be rude.

A discretionary system is hard to pin down. You can choose to be nimble, for instance try to trade every pullback as well as following the main trend, or you can be supremely patient, taking one trade "per trend" as it were, and stick it out to the bitter end. The success of either choice will ultimately depend on your management of the trade(s) and the market.

But of course it is not as black and white as this. You are a skilled discretionary trader who will trade according to your view of the conditions. Sometimes your view will bring forth one trade, others three. You can't change the market but you can address the way you manage your trade(s).

Whether you are overtrading comes down to whether you are adhering to the rules that make you comfortable, relaxed, assured and of course money. Do not judge your trade frequency (which forms an integral part of your whole system, rather than being a separate "Am I doing this right" measure) by that of others. Trade frequency should be a natural result of your entry and exit criteria, risk, targets etc. rather than be judged in its own right.

Some adore constantly scalping for teenies, some love sitting on their hands most of the time and occasionally grabbing fifteen points. Some are clever enough to do both, if they are confident in their market interpretation and can adapt a system to conditions without breaking its principal rules.Your method and personality will determine your approach far more than we can.

Five trades a day it is then :-)

Really must apologise if any of this sounds patronising or brusque by the way...it's just me typing away :-)

Despite all my waffle, the result of the poll will be interesting - nice one clylbw.

Last edited by frugi; Jun 17, 2004 at 1:07am.
frugi is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Day to Day life of a trader. lususnaturae Trading Firms 9 Apr 15, 2011 12:37pm
Day to Day life of a trader lususnaturae Home Trader 7 Mar 12, 2011 8:47pm
Day Trading Broker Nonameo Discretionary Trading 5 Nov 11, 2008 9:38pm
Pair of the day / week wasp Forex 14 Jul 2, 2007 1:38pm
May Day? Splitlink The Foyer 2 May 1, 2007 6:20am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)