$2,000 to $200,000 in 2020 at 2.00% per day.

USA President's day holiday today. Not trading. I am a momentum scalper and when the volume is lighter, there is less momentum. Remember from your physics class that momentum is "speed x mass." In trading, the corollary is "speed x volume," with the volume replacing the mass component. For example, with 1/2 of the volume, there are only about 1/2 of the traders fighting back, and the big boys can probably move prices twice as far (if they want). On the other hand, with low volume, it is much easier for them to play the "whipsaw/reversal game." Be careful out there today.
 
sstheo said:
To @PoopyDeek and others who are asking for additional verification of my stated results.

I have a very fast style and I take a lot of trades. Because of this I have been aggregating most days and just updating my spreadsheet. But I do show the updated AMP statement account balance and even the trade blotter from time to time.

The interest in my journal is surprising to me, and answering the questions from others has helped me refine my plan and remind me to stay disciplined. But I guess with the success I am having, it follows that some would be wildly curious. $2000 to $3500 in 4 weeks??? 75% return in one month? I get it. I'd be curious too.

But what I don't understand is the suspicion. Seriously, what do I have to gain by posting fictitious data?

Here is my current balance. It just happens to perfectly match what I posted on my spreadsheet yesterday...View attachment 219522

On my honor, I have not deposited any more funds into the account than the original $2000. I haven't traded with more than 4, 5, or 6 concurrent micros according to my stated margin of $500 per micro. I have not yet traded with even one full E-mini. I did admit that I did not honor my stops a few days back, but I am back on track, and everything else is according to plan.

Please stay along for the ride and see if I can pull this off another week, another month, a full quarter, and ultimately 12 months at at least 2% average per day. I promise to be even more transparent, and hopefully I can mitigate your suspicions.
More...

It’s not curiosity about your “system.” I asked because you can manufacture any numbers you like on a spreadsheet. We don’t need to see anything other than your AMP front end.
 
sstheo said:
But what I don't understand is the suspicion.
More...

I was following you along in the beginning. I think I posted the case for skepticism. You changed the format of your reporting, so you brought it upon yourself. And only you can fix it. It's your journal.
 
PoopyDeek said:
Sure, he'll do it. The numbers are fiction. They are entries on a spreadsheet.
More...

Hey poppy,

I know sstheo personally and for the last year have witnessed the majority his trades and trading style in detail as he makes them.
I promise you "He is the real deal".

How about you?I
 
NQurious said:
He was posting a daily blotter that showed the trailing four or five days. Then he had a losing day which I believe he posted. But then the blotters stopped and so did his regular posting. Then the posts began again but no blotter.



The loss was said to be the result of loss of discipline:



After that, on the next trading day we were told:


Then he went dark, came back after a week long absence, and told us:


He then went on to explain why the world was going to end because of coronavirus, which means he had a short bias while the market was ripping higher.

I don't mean to be negative, but if someone is going to run a public display like this there ought to be quite a bit more transparity than we see here, right? Imean, this isn't calling trades in real time. This is supposedly sitting on the screen doing manual high frequency trading all day and then reporting the results. So, I agree with Des - , er, poopy ... a blotter post should be expected in this type of exercise.

Otherwise, draw your own conclusions.
More...

Hey nq,
Sounds like you dislike this blog.
Why are you here?
 
NQurious said:
I was following you along in the beginning. I think I posted the case for skepticism. You changed the format of your reporting, so you brought it upon yourself. And only you can fix it. It's your journal.
More...

That's the issue...it is his trade journal and he can post whatever format of verification he wants considering there's no international standard nor rules for such here at Elitetrader.com

I've seen spreadsheet and snippet (excerpt) or whatever. Yet, the word blotter usually involves a screenshot of all timestamp trade fills (quantity, entry / exit) although today some misuse the word blotter when they should be using the word snippet (excerpt).

An example of a blotter would be Overnight sim trade journal @ https://www.elitetrader.com/et/threads/the-bs-sim-journal-add-your-own-bs.327728/

In contrast, a snippet usually presents just a profit / loss column which is what you usually see posted here at Elitetrader.com as shown in the typical trade journals.

Some people have trade journals with either a spreadsheet, blotter, snippet or broker statement. The few that do all of the above (crazy)...they must have a ton of free time.

Regardless, most broker statements can be faked and if real...they usually only come out late at night.

Whereas a redacted screenshot of timestamp trade fills in the broker trade execution platform soon after completing the trading day...less likely to be faked because he would have to be a genius graphic artist to recreate all those numbers in a blotter soon after the last trade.

Seriously, take a look at Overnight's sim trade journal...that's a blotter. Someone can not fake all of those trade transactions.

My point, I prefer a redacted screenshot of the timestamp trade fills in the broker trade execution platform as the blotter over any broker statement and over any small snippet image.

Regardless, at the end of the day...sstheo chooses whatever format he wants that doesn't consume his personal life to just make a spreadsheet, blotter, snippet or broker statement.

P.S. Trade journals are either education or verification of trade performance. Its rare to find someone trying to do both educational and verification of trade performance.

Educational trade journals are obviously the most popular because the viewer is gaining free knowledge whereas verification of trade performance trade journals tend to be boring.

P.S.S. Did sstheo explain why there's the gaps in his trade journal that you stated had occurred ? (vacation, illness, personal time away from the markets, holiday in his country)

wrbtrader
 
Last edited:
traider said:
Do you believe that you can be the next Bill Gates? Warren Buffett? Elon Musk? Steve Jobs?
More...

Bill Gates, Elon Musk and Steve Jobs are not traders.

Warren Buffet is an investor...not a trader.

Simply, do you believe you can be the next Bill Gates, Warren Buffett, Elon Musk or Steve Jobs ? :rolleyes:

wrbtrader
 
You must log in or register to reply here.
Back
Top