Search results

when trading becomes black & white, right & wrong. trader will NEVER succeed. he will see many unrealized profits get cut in half or disappear entirely which never overcomes the losses which get larger. traders who look for right & wrong are looking for outsized returns in such a relatively...

yes. these journals would actually have some meaning if the author actually tabulated realized profit/loss vs. spewing out entries points. otherwise, it's a right/wrong discussion which means nothing in real trading.

unless involved in a trade with a set expiration, there is no such thing as right or wrong in the market because holding period is never constant.. there is only make or lose when you decide to close ur position. having said that, 2 traders can take the same exact trade and lot size and have 2...

passive agressiveness actualy leads to taking on alot of difficult trade setups

People who seek drama trade drama.

You are way too small to even be a gnat on the radar. I'd worry about those things when you are trading 7 and 8 figure $.

then get a real f'ing job for a few years and earn it and then put it at risk. do all young people think like you these days

Disagree. I won't name firms but piggybacking off the top consistent earners is common practice at money up props.

LOL. that's because the herd is the public suckered into paying for these systems. keep it simple!

I know quite a few ex-daytraders in NYC who went into hedge funds either as employees or as portfolio managers. But they were cream of the crop at their respective prop firms.

born with. all good traders i've run across have some e.s.p.

Problem with US construction is planned obsolescence. Homes are built out of sticks and gypsum cardboard. Roads are paved with cheap asphalt. Nothing lasts more than 10 years in the US because unions want recurring repair contracts

You people don't get it. The US isn't bankrupt. The Banks are. On a side note, this recent bailout in Greece is not a bailout of Greece. It is a bailout of European banks.

founding fathers never envisioned their nation held hostage by catholic unions

Yes, they are the anomaly but they exist.. I hope that doesn't hurt your feelings. Having said that, a decent prop trader consistently makes 400-500% return off 50k a year.

Right, there can never be an absolute right or wrong in directional trading (unless stock is bankrupt and de-listed) because outcome is relative to time and time frame is never constant or exactly defined. two people can take the same exact trade and have two very different outcomes...

I've been in prop equities for over 12 years and seen directional traders with 50k up returning 7 figures in 6 months.

You also assume that all reversion and directional traders are made equal. Spread "trading" lies in between trading and treasury/cd interest.

wrong. your example assumes a constant trade time frame and excludes trade and risk management. no one ever holds a trade for exact same duration every trade.

optimal strategy is to run several strategies together concurrently and overweight capital into what's working until it isn't. trend and reversion strategies swap off throughout the year. don't believe anyone who says any one is better because markets constantly shift. the dow stays in a...