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    January Trading Journals

    After a small victory I tried to up my size a little bit, and heaven forbid today was actually a huge day in my top two sectors, energy and home builders. And I finished the day down, I just realized some shocking facts: 1) Of my personal top 10 stocks in past six months, I have not made...
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    Good Traders are rare and hard to come by

    I define a good trader as someone who makes six figures a year from his own ACTIVE trading, whether it be swing/intraday whatever.
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    January Trading Journals

    Candle: With the exception of the TSG trade I didn't have anything more than $50 today either way. I did no more than 500 shares on any one position.
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    January Trading Journals

    While it could have been better, it was very important for me to snap a 3 games losing streak so an up day was pretty much all I could ask for. I haven't traded so light since my newbie days, but I was very passive with the inclusion of 30 minute charts. 5600 shares each way on 6 of 8...
  5. H

    Worldco LLC

    We got the Russian Mofias, Chinese Triads, Jewish Connections, etc . . . While the management will never admit it I have noticed that eventually people of similar ethnics are clumped together. When I am running my own team ethnics is the last thing I worry about, but obviously those at top...
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    Traits of a top trader Re: Wordlco

    There is a reason why older men go all the way out to "get" younger women, whether it be through escorting services or cheap brothels, and they make a big deal about it. They want to prove to themselve that they still got something they have lost long ago. As far as looks and conditioning...
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    January Trading Journals

    A very big thanks to Candle/Cas/Threei for actually providing real meat and potato to feed a hungry trader :-) A special thanks to Silk who e-mailed me what he did on Friday and it made a lot of sense. I won't be jumping out there to make any big changes to my style, but sometimes when you...
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    Traits of a top trader Re: Wordlco

    Mama: One day I too would love to get out of the corporate game, until then I have to play by the rules. It is just when you have Don Bright telling people that 85% of the people make it at their firm, it is hard for your marketing department to sit there and not doing anything...
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    Traits of a top trader Re: Wordlco

    Shortee: As I said, my comments were only directed to Limbo, who attacked me quite viciously if you check his posts. As for whether I am capable of being in the management, I treat my colleagues with the warmth of spring breeze, I treat my work with the heat of the summer, I...
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    Worldco LLC

    Well, that's pretty much to it. When you come to Worldco you are usually assigned to one of the team leaders, and basically he will show you as much as he wants to. Then you are mixed with other traders and you basically do the best you can. I mean, what hell, there is no formula to...
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    Traits of a top trader Re: Wordlco

    Shortee: The average age of my team is a little bit more than half the age of Limbo. This is not age discrimination, it is called being responsible. If you are a gun dealer selling pieces and a grandma walks in, you will tell her to hand over the purse when someone tries to mug...
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    Traits of a top trader Re: Wordlco

    If you don't work for any firm and you don't even intraday trade, I find your comments abrasive and harsh, especially if they are directed toward us specifically. Whether your numbers are real or not, I take your word for it, as I would rather overestimate someone than underestimate...
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    Traits of a top trader Re: Wordlco

    I am glad you chose Echo, for me if I ever lose a guy to a competitor, I would rather lose it to Echo than any other firm. And yes, there are a lot of flaws with Worldco and many of them I can not deny, for me it has always been pros outweight the cons scenario. Good luck and I mean it :-)...
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    Traits of a top trader Re: Wordlco

    Rigel: I don't give out comments like that until someone dishes out a lot of personal attacks to the point I have to do something. For me, maybe I am young and naive, but I would rather have the instant of a flamboyant comet that lights up the sky, than the relative lasting power...
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    Traits of a top trader Re: Wordlco

    I have answered every question with cold hard stats and facts. I have never even pretended to be someone I am not, and I have said before in other posts that Echo has certain advantages over us that will cost us valuable talents, unless we make some serious adjustments. I have never ever...
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    Traits of a top trader Re: Wordlco

    No one said you should be telling like it is, but I am also confident that if you are just getting started there is no better place than Worldco, despite of the draw backs. Yes, given our size we inherited a lot of corporate garbage, but I can assure you by the time Echo has as many traders...
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    Worldco LLC

    I second that, every prop firm will kill to have someone of Candle's caliber. When you can get a proven performer, even if he may not take 100 trades a day, you love to have him in your space so he can influence and motivate others. Besides, you are a no risk guy, and basically a walking ATM...
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    Traits of a top trader Re: Wordlco

    Shortee: With the way the market has been, I don't expect to see a dime from my recruiting for a long long time. The way I see it, the best case scenario is out of 10 guys I recruit 5 will survive, and a year from now it will pay off. As for trading ability, let's just say I...
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    Traits of a top trader Re: Wordlco

    Tell me which specific line is in your face lying, I see embellishments but I don't see lies. What do you want us to say? Oh we look for individuals with mental problems, uneducated, lazy bums? When you hire someone you try to make them feel special, although I tell everyone I interview...
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    Worldco LLC

    First of all, I think for a PURE intraday trader 2-3 million a year is about the max as you will inevitably run into liquidity issues. Last year I don't think anyone at my firm made more than 1.5 million from their intraday trading. I am not aware of the performance of their longer term...
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