You can find the beginning of the story about super traders here:
Super Traders (Introduction)
Richie
Outwardly, Richie just gives the impression of a trader with a perfect psycho- emotional balance. Communication is soft, pleasant, focused in work. Richie is a mathematician, and all his trading is tied to numbers and various calculations. Unlike, say, Harry, which the, In most cases, trades on instincts, Richie builds his strategies on statistical tables. This strategy mostly pays off when working with premarket orders., which are placed before the market opens and orders for which are executed on the very first trade. Personally, I always tried not to do anything first. 10-15 minutes immediately after the market opens: even with a pronounced trend in one direction, sharp chaotic movements of individual stocks in any direction are possible. For Richie, first half hour of the market – this is the most productive time, from which not a minute can be lost. From the very beginning of the market, he opens many positions of different sizes and monitors their movement. His task – close positions quickly and with minimal losses, going against him, and work with positions, приносящими прибыль, gradually reducing them or vice versa, увеличивая, closing with a sharp jerk of the stock price in its direction or placing limit orders slightly ahead of the movement.
The first half hour of trading for Richie is the most active and productive, if he does not achieve two-thirds of the planned result during this time – dissatisfied. But Richie is not a momentary trend trader.. I think, that after the close and before the market open, he makes significant efforts to model his statistical base. It is indecent to go into the essence of these calculations., therefore, others have a faint idea of them. But I think, that America cannot be discovered here. Probably, Richie tries, and clearly successful, link the statistics of the movement of individual shares immediately after the opening of the market to the indicators of the movement of sector and market indices. The bottom line is, what, using the analysis of the pre-market state of market indicators, general market movements in the initial trading period can be more or less predictable. It is much more difficult to determine the movement of individual sectors and even more so of individual stocks.. This is where Richie uses his statistical methods., based on variations in the history of past trades for different time periods. Цена на акции, even if clearly moving in a certain direction, does it by no means clearly in a straight line. Think, one of Ritchie's most difficult tasks is determining the level of closing positions in individual stocks.. Seems to be, he successfully solves this problem. I myself have been thinking about developing a similar system for myself for a long time., even consulted with his mathematicians friends, yes, my hands didn’t reach. Richie, obviously, that's where I started, и представляет Trading лишь в таком ключе.
