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Old 04-29-2008, 07:44 AM
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Ken Ken is offline
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Great question. Note I'm done by 10:30 am 90% of the time. I don't trade all day. What I like to do is have 4-6 positions that I'll open near-simultaneously, then follow them with the live P&L updating, and work out of them all within a 20-30 minute timeframe. Most round trips are 7-15 minutes max.

It used to drive me nuts too, to sit there and watch "grinders" (stocks that just consolidate/chop around within a half-point) for hours, so I take the approach of "a good trade is usually good right from the start" and if it isn't, I'll close it out near breakeven. I don't give trades more than 20-30 minutes max to work out, to produce for me, from time of entry, for all day trades.

-k
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