"The way I trade produces a very good living; I gave up my dental practice (if you're American you call it a dental office) in 1999 to trade like this and it's been a much better living than dentistry - and with much less effort and stress.
Let's say you have $25000 in an account, that means you can trade 1000 shares of a $25 stock. That is not putting all your eggs in one basket as you might be in the stock for only a few minutes and provided you use a tight stop you can control your MAXIMUM worst case scenario loss to say about 8c in a $25 stock, in other words a maximum loss of $80.
Now let's say you have a moderate if unexceptional profit of 30c before exiting on a trailing stop; that's a profit of $300 on just one trade alone - a return of 1.2%. That's 6% per week or 24% per month.
My own trades run at 84% wins, 4% scratch, 12% losses. That might sound fantastic to you, but the 12% losers are all small and15% of the 84% winners are also small. In other words 69% good wins, 15% small wins, 4% scratch, 12% small losers."
. I don't think DT was a vendor at the time of that post since he hadn't developed his bit of kit that improves the information from the ladder. Which, incidentally, has bugger all to do with mr c's technique, so can't quite see how that might be relevant to dt's credibility.
