10 Days With TopStepTrader

[NoDoji]

Quote from sellindexvol66:

you must be kidding.

the answer was given by me many times in the past and just above by mav.

try it sometime..see what happens when you literally put 18 hrs a day in an idea.

 

[marketsurfer]

Quote from sellindexvol66:

you must be kidding.

the answer was given by me many times in the past and just above by mav.

try it sometime..see what happens when you literally put 18 hrs a day in an idea.

If the idea is flawed, you are wasting your time.

surf

 

[sellindexvol66]

Quote from marketsurfer:

If the idea is flawed, you are wasting your time.

surf

yes jack..err surf you are correct. good luck man.

 

[Peternam]

Quote from igotcash:

Last night I watched just a few videos on youtube. I see zero losses. so it's like Austin never loses on youtube, and makes it seem easy to trade. he even bashes the message boards, as if they are all loser traders.

and it's clear he is pumping sim trades as real now on his homepage. this is a little sad.

remember. in the after-life, god will not be happy with people who lie. and fraud is one of the deepest pits of hell, according to dante's inferno.

i'm sure we will all be bashed for being idiots, and excuses are yet to follow. likely just text posts from him and no P/L from the combine. I want to see the funding letter....if not, failure. there is no 2nd place in the combine. you either make it or fail.

Quote from Laissez Faire:

I remember how Austin would never post any real time calls in the ES journal, but would stop by after the fact and say how easy it was and how clueless everyone else was.

Arrogance is fine if you can back it with something. If not, it's simply annoying and dishonest.

If trading is so easy, I wonder why this journal suddenly became so quiet. I guess this was another week where the market was in a tight range or a transitory state...

Come on ,Austin, you have a lot of muscles but it looks you don't have any muscles inside your head

 

[Steve Tvardek]

Quote from sellindexvol66:

See what happens when you literally put 18 hrs a day in an idea.

I don't think I ever put in 18 hrs in one day but the number of hours over the course of many years is very very many. I'm not sure I would have ever been able to craft my current system without serious dedication and hard work. It would have been easy to throw in the towel after the first few iterations weren't robust enough.

 

[igotcash]

the OP of this tread has been teaching how to trade for over 10 years. I am still very confused why a combine would be so difficult for him. after 10 years of having people pay you, I would imagine you would pick up a few tricks on how to make money.

I have a feeling he is betting it all soon, gambling in the last few days. I also think this isn't a method where people should pay for.

who knows the truth.

 

[kinggyppo]

Quote from sellindexvol66:

yes jack..err surf you are correct. good luck man.

what Surf is really trying to say is that he knows more than you about markets especially the back end of the vol curve etc...

 

[trickshot]

Quote from Maverick74:

I think he meant one can string a lot of small short runs together over one's trading life. Call it a cycle if you will.

And it's laughable you think the only way to make money is market making. Speaking as someone who traded on the floor, all those guys down there are long gone and selling used cars now or running a bar on the north side of Chicago. And all those guys with those algos who use to get paid for pushing buttons, they are gone too. Turns it the computer can do just fine without them. Front running you say? Anyone can do that. The Fed has given you a free trade for 4 years now letting you front one them. Arbitrage? LOL. Dude, I can list all the big arbitrage funds for you if you want. Most have been decimated by the S&P 500 the last 4 years. What else do you got in your bag of tricks? Inside information? LOL.

Most would be better off with another profession if they can only make money during the "good years", the good years wont make up for the lost (or negative) income during the bad years.

And you are clueless if you think market making is dead and spread trading is dead, investment banks derive a good chunk of their income from market making and trading spreads, how do you think goldman sachs got their flawless trading records?

The algo guys are still around, they are the ones who wrote the programs that the computer is running you dimwit and LoL at those silly comments that everyone can front run, how many ET pikers can afford to front run like what HFTs are doing now? Let me guess... zilch? And what about this?

http://blogs.marketwatch.com/thetel...report-following-disclosure-of-early-release/

The fact that volume declined to nothing after the front runners were "found out" is proof that MOST TRADERS did not know about this. So you are absolutely clueless if you think everyone can front run, you need to know what to front run, how to do it and you need the resources to do it.

I dont know what arbitrage funds you are babbling about but these guys, like 99% of the hedge funds out there, likely have no real edge. Most of them are underperforming the SPX, tell me if I care they have been decimated?

All I know is I did very profitable arb (arb'ing the same 2 instruments) for many years, I went from a 20k a/c to nearly 900k in just 5 years, doing the same thing everyday, so again you are ignorant if you think there are no more arb opportunities left in the market. There are always inefficiencies in financial markets, especially in markets that arent as developed as the US market yet. Obviously that edge has now been exhausted but no edge lasts forever, but those are real edges (while they lasted).

 

[wrbtrader]

Quote from trickshot:

...All I know is I did very profitable arb (arb'ing the same 2 instruments) for many years, I went from a 20k a/c to nearly 900k in just 5 years, doing the same thing everyday...

There are always inefficiencies in financial markets, especially in markets that arent as developed as the US market yet. Obviously that edge has now been exhausted but no edge lasts forever, but those are real edges while they lasted.

You still arb'ing profitably or you're doing something completely differently ?

 

[trickshot]

Quote from wrbtrader:

You still arb'ing profitably or you're doing something completely differently ?

Stopped doing that after that edge was exhausted about 3 years ago, switched to trading the ES after that and I did ok on my first year, the following year (2012) was horrible though. I was getting wild gyrations in my a/c, in the end I was lucky to end in the black for the year, but just barely enough for it to be worth my time (and all that fucking anxiety).

Decided to stop trading the ES this year, left a chunk of my a/c in the SPY, and invested the rest in a business.