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    December Trading Journals

    The skid continues as I have lost back-to-back-to-back games for the first time since mid-August. Fortunately I was able to minimize the damage but this streak must be stopped ASAP. The cursed DYN/ENE/EPG relationship reached its peak today and I felt like a big moron when I played it wrong...
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    December Trading Journals

    Very bad game as I could not adjust myself to the short side in time. After Friday's misfired bullets, I decided to go bullet-less today, and going long only. After the first morning bounce off 10K everything turned into crap. The squeezes were very weak and the market never had that reversal...
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    December Trading Journals

    The week ended on a sour note as I opened today's game shooting 1 for 12. While I was able to claw my way back from a 1K deficit back to -$250, I could not save my winning streak. Some serious mental mistakes this morning as I misfired all of my bullets. 7 of 21 shooting on 24900 shares...
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    December Trading Journals

    Very choppy consolidating day after the monster session, but still I should have done much better with the auto parts upgrade in the morning. Managed to win my sixth games in a row and opened December with $2500 after 4 games. 19600 shares on 13 of 22 shooting, +840 before commissions...
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    December Trading Journals

    Yes there is a top 30 list after every day but I can not give you the full list every single day for obvious reasons. Yesterday 84% of the people made money before commissions and after commissions, the top guy was around 37K and the bottom guy 6K. Keep in mind nobody ringed the bell that we...
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    December Trading Journals

    Qwik: Let's put it this way, I don't think I want or am allowed to fire anyone who is gross positive for obvious reasons. But if someone is new and blowing up and not taking orders, something has to be done. As for Mrs D firing me, she can't because I am making money for the...
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    December Trading Journals

    Turok: Don't get me wrong, if I actually average 1000 a day I will be very happy and confident in my ability as a team leader. I am far from that and I need big games like today. All along I have talked to people around me how when the inevitable breakout happen I have to have a huge...
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    December Trading Journals

    I have had a lot of problems hitting big on big games in the past, and today was no exception. A missed fill and a few careless trades, and this is just a solid game given the opportunities around, nothing great. 13200 shares on 6 of 12 shooting, +1604 before commissions, +1302 after, no...
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    December Trading Journals

    AAA: Everything that goes on in the group has nothing to do with my own trading account, it is a totally separate account. It is very possible for the firm to make a lot of money from the group but I have very little to show for it, as the percentage of gross loss (before commissions) I...
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    December Trading Journals

    MJT: Since June, the firm's performance has been in a slump, some of it is due to the decimalization, but I suspect more of it is due to the lack of momentum. 1999/2000 spoiled us all and I don't think we will see a market like that in a while, not to mention the specialists/market...
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    December Trading Journals

    Too many eggs in one basket as my first ever 2000 share position refused to move during the afternoon rally and I missed all other opportunities. Still, there are just too much excitement right now and I think my own trading has definitely been distracted. 27500 shares on 8 of 22 shooting...
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    December Trading Journals

    The month started with a victory on a choppy day. While I could not get any major winners, I was able to make a high percentage of my shots and it really helped. 10000 shares on 7 of 11 shooting, +937 before commissions, +584 after, 2 bullets. Pre-Market: ENE again, and I didn't bullet...
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    December Trading Journals

    Lol, Vishnu, you most definitely hold the legendary status in my book if you own a 4500 square feet penthouse near WTC! I know the view is hardly breath taking now but I would love to own an apartment there if the they give me a size discount. The apartments I looked at in that area are very...
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    December Trading Journals

    Vishnu: Not going to turn this into an apartment thread, but this is what I am looking for (hopefully even better as real estate prices fall)...
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    December Trading Journals

    HIT LIST MOMENT: http://hitmantb.tripod.com/ The game that boiled my blood and stopped my bleeding. From: Hitman (Original Message) Sent: 12/15/2000 6:17 PM It was the most emotional session in my career. At lunch time, I was down as much as $90, by the day end, I am up...
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    December Trading Journals

    I think I have been a good boy this year and I sure as hell hope Santa brings me a good December to wrap up my first profitable year at Worldco. While Santa will probably never bring me what my heart truly wants, it is one of the many compromises in life. November was not an easy month, and...
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    % of traders profitable at pro firms?

    It is higher than retail, but still substantially less than 50%. I do not know the exact numbers, but I would estimate than 5 out of 10 new traders at my firm will tap out within first year or so, 2 out of 10 make less money than our technical support staff. I would estimate the success rate...
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    Pro firm leverage and risk management

    Don: I have absolutely no beef against your firm, I most definitely gained a lot more respect for it after you answered our questions on this board. It is just that when I was 20 and had no college degree, and Worldco gave me the shot that I desperately needed with a $1000 capital...
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    November Trading Journals

    Hapaboy: There is no Home Builder index (I tried creating my own in First Alert and it is not very effective as I am the only one looking at it lol), that's why this group is a hard bread and butter sector to trade, any housing related news will have an impact on this, and it is possible...
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    Pro firm leverage and risk management

    Actually, I know quite a few traders who left my firm for our arch rival, Andover Securities (which to Worldco is the equivalent of Bright/Echo), with a negative balance for a fresh start, and many traders left other firms and come to ours in similar conditions. Worldco does not require a...
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