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  1. Z

    ES Journal - 2014

    Well that worked well. Not I joked on twitter that everytime @marketwatch threw up a 1929 comparison chart. (which they did like 7 times in a week) I should have bot a unit. :) If you want to fade me, I'd start shorting now since I'm out of my short. Pattern could still play out if today is...
  2. Z

    Bitcoin as the world's reserve currency?

    I always thought anyone participating at ET has already "lost it" :D:D We all have to be a little nuts to be in this profession. (or pretend to be trading)
  3. Z

    Bitcoin pounded again

    Yeah , there's been protests in front of their building in japan too.
  4. Z

    SCTlearning from scratch

    "I use an expert level log. It covers the bases for doing 20 to 40 trades a day." Doing 20-40 trades a day in ES with market orders= Crossing the spread 20 times a day will cost you $250, per contract Crossing it 40 times a day will cost you $500, per contract. That's not even...
  5. Z

    Every Loss is Permanent

    Your defining wealth as " value" "love" "Ease of life through advances in technology" I'm terming wealth as a unit of account. We are on two different pages but that's ok, have a good day.
  6. Z

    SCTlearning from scratch

    Thanks for reply, I've tried "always in methods" in the past intra day with market orders and just get chopped to death essentially giving whoever was on the other side using limits a good trade and my broker comish. I used a Darvas style method. buying at the breakout of the box, selling...
  7. Z

    Every Loss is Permanent

    So say I have 1 Trillion USD and burned it. It would make everyone elses USD worth a little more therefore transferring wealth to them at my expense. There is only one pie and if my piece of the pie gets smaller, yours get's bigger vice versa. I guess maybe our definitions of wealth may be...
  8. Z

    SCTlearning from scratch

    What market(s) is this method best suited for the 1 lot trader? You trade ES right? , I assume for liquidity. Is there a better market to trade for the beginner that has more range per day and more points offered per day? cl,tf,gc,? I have seen you state that you have 20-40 rts a day in ES...
  9. Z

    Confessions of a Plunger

    Are you expecting a 25%-100% return a month based on your total liquid net worth? What kind of Drawdowns are you experiencing in percentage terms on a monthly basis?
  10. Z

    Dogchat to be taken over for $100 billion

    lol As Facebook's New $19 Billion Whatsapp Acquisition Crashes (And May Be Hacked), Its Competitor Is Exploding http://www.zerohedge.com/news/2014-02-22/facebooks-new-19-billion-whatsapp-acquisition-crashes-and-may-be-hacked-its-competit
  11. Z

    Bitcoin as the world's reserve currency?

    Nice read. " a virtual currency scheme may also be implemented in order to compete with traditional currencies, such as the euro or the US dollar" "It can be concluded that, in the current situation, virtual currency schemes: − do not pose a risk to price stability, provided that money...
  12. Z

    Bitcoin as the world's reserve currency?

    What about all the paper money that can vanish from banks? "Some 650 banks failed in 1929; the number would rise to more than 1,300 the following year." If you don't think that this can ever happen again or even on a larger scale, you are fooling yourself. I trust my own crypto currency cold...
  13. Z

    my bank account got robbed by the European Commission. Over €700k lost!

    Nobody can stop crypto currencies , the free market gets the final word. Can gov'ts make it more difficult to trade your fiat for them ?sure, But everyone who has already made their millions in it will always be able to trade crypto no matter what on various exchanges around the world or peer...
  14. Z

    I must stop a losing streak!

    OP, Putting entry and exit tactics aside, I'd like to ask a few questions about risk. I don't expect you know all these but it will give you something to think about. What rules do you have as far as percentage risked per trade and why? Do you know your winrate? Do you know what percentage...
  15. Z

    Bitcoin pounded again

    It would be like if a forex firm were about to go under and quoting a currency way lower than all other firms still quoting the real price.
  16. Z

    Bitcoin pounded again

    I follow tons of traders on twitter, most still don't understand it. Most are saying, "see we told you so" and then quote the gox $100 dollar price which is meaningless. Once these dudes finally understand it, I expect a lot more upside. Then again, I could very well be the one who "comes to...
  17. Z

    Bitcoin pounded again

    I really don't see losing 2% of my total net worth as being "wiped out" but thanks for your concern. Ever traded silver when they hike margins? Same reason you don't load the boat and hope your stop doesn't get slipped in an illiquid market, doesn't matter if your talking up or down. If you...
  18. Z

    "Chat"???

    neat! wasn't around here in the old days that I heard they had a chat. ET trollbox:D Wonder if someone will mod it 24/7 or what? looks like under options you can start a video call too, Very good Idea Baron.
  19. Z

    Bitcoin pounded again

    There are ways around this , buy BTC at coinbase, transfer them to btce and then cash in a portion right a way for USD to hold at BTC-E and put some limits where ever. bitinflex might be easier. Haven't looked at that one in depth yet. Do know that any funds or coins held at an exchange could...
  20. Z

    Bitcoin pounded again

    yes long with no stops. total risk assuming it goes to 0 is 2% woopti doo if I lose it, upside potential is still multiples of the risk... I still don't get whats wrong with making a spec bet on BTC . This is a trading site after all. If anyone thinks we are all loaded long expecting that a...
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