Recent content by tt.texantrader

Out of curiosity, what signs would you say made it obvious that this day in particular was going to be a monster?

I believe that the PDT rule is harmful. Lets face it, it really doesn't matter what you trade, or how much money you have, when you're starting out, its all the same. A person needs experience trading real money with real fills and also being at the mercy of commissions. The guy with a 10k...

To all the fanboys of @TDMA , you guys really need to get a life. The posts of this individual scream of arrogance and contradictions. He isn't even saying anything remotely useful. I certainly don't have the time to post links too all that he said, but here are just a few notes. First of...

I still want to read about the stats, not what nailing it means. You say they nail the market, does this mean that 80% of their trades are big winners? Does this mean that perhaps they have to enter a few time and scratch a few times before they nail the big winner? If you add up all those...

I'm confused about this here. Are you saying your guys in chat make shit loads more than you? Or that 90% of them aren't even making money? I find that at ET, lots of guys talk as if they are hot shit, but we really, we have no access to their trade stats. Its perhaps not even all that...

Out of curiosity, how do you know price is going to continue in order to get more profit from holding longer? This is more of a question rather than a statement. Your chart for this last post doesn't show, but even if we look at a previous chart you posted in this thread where you got out of...

Care to throw up an example or two or what you look for? I find order flow interesting to look at, and useful at times, but with anything in trading, sometimes it works and sometimes it doesn't. There are also guys who are analyzing order flow mathematically, and that is a whole different...

I notice that you only seem to post on up days, but during the few little plunges we had, you seem to stop cheering as loudly, and in fact, not say a word.

Thank-you for the very nice compliment. The reason I understand so well is because I have intimately felt all the things I talk about. This I think is really the key. Guys doing huge size aren't trying to pay the bills with $500 up days, day in and day out. They probably aren't affected by a...

Its very difficult to read this chart since its been downsized. Are you able to post a version with more resolution? The entries and exits are pretty much lost.

I think your charts and posts are most excellent. The fact that you also post entries and exits brings it to the next level. Its easy to analyze what is happening, but once you have money on the line, its obvious how this changes things. All the ET experts are the best traders, supposedly...

I think the impact to the market is much stronger. Consider that after 2008, nobody assumed interest rates could go so low and for so long. If interest rates truly were a function of market forces, would anyone lend someone else huge sums of money for a house that might not be worth very much...

You're starting to sound like Madoff. You seem to excel during any market condition, and not show a single trade.

How did this mentor trade? From most stories I have come across over the years, many traders have their best years and then they can never match this performance again. I like the saying that you only need to become rich once, so you push it while the going is good, and then scale back to go...

I find systems trading interesting. Its the perfect way to remove any emotion out of the trade, but of course, its probably missing far too many nuances that a discretionary trader can see. Once again though, given what you wrote, I wonder how badly the system would have done in the end if you...