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

traider · Feb 17, 2020

Well just be aware, in real estate you only have to deal with local competition. Trading the most competitive market in the world you have to deal with world class talent equipped with the best algos colocated at the exchange. Unless well capitalised, i would never advise trading as an endeavour to anyone.

mbondiett · Feb 17, 2020

PoopyDeek said:
I do ok. The time stamp of the pic matches the quotes within a minute. Account number shown. Pic taken with my phone.

https://www.elitetrader.com/et/threads/dests-everything-journal.332136/page-11#post-4859112

Your boy can't show a screenshot of his front-end? When asked we get excuses and some cut and pasted images or the CME sim-competition. He’s the real deal but trading a $3,500 account and attempting to pass some combine.

Let me guess; you share an IP address with @sstheo.

Sorry I called you poppy when it is really poopy.

And BTW: no one cares how you do.

I was just trying to be cordial. (You can look that up if you need to.)

sstheo · Feb 17, 2020

traider said:
Well just be aware, in real estate you only have to deal with local competition. Trading the most competitive market in the world you have to deal with world class talent equipped with the best algos colocated at the exchange. Unless well capitalised, i would never advise trading as an endeavour to anyone.

So well said. If someone came to me and asked me if they should try trading, I would honestly say "Run away and don't look back" for all the reasons you mention.

Did you guys see this? Online Trader Academy is being investigated. https://www.ftc.gov/news-events/blo...s-online-trading-academys-money-making-claims

" Just 3% of people who responded claimed to be making “a lot of money,” 31% reported making “a little money,” and 66% said they were making no money at all."

Sounds about normal to me.

If I didn't have such a thick head, I would have moved on a long time ago...

PoopyDeek · Feb 17, 2020

mbondiett said:
Sorry I called you poppy when it is really poopy.

And BTW: no one cares how you do.

I was just trying to be cordial. (You can look that up if you need to.)

You’re some sock puppet blowing another sock puppet. Yawn.

You asked. I am the only trade on this board that have shown screenshots of legit size. You are a six post piker.

sstheo · Feb 17, 2020

Hey! Today is my one month anniversary for this journal. Time to call a truce. Let's start fresh tomorrow and all trade a little bit better going forward.

PoopyDeek · Feb 17, 2020

sstheo said:
Hey! Today is my one month anniversary for this journal. Time to call a truce. Let's start fresh tomorrow and all trade a little bit better going forward.

I have no problem with you... 2% is absurd on actual size. It simply doesn't take any additional effort to be transparent with PNL. You're now posting your blotter which is all that anyone wants to see and is all I asked to see.

I know a guy who did 15% per week, every week, for three years or so in 1st gen path-dependent exotics. He started with $12K or so. He's worth 200-300 million EUR.

It's not possible to make 2% per day on average in futures on any significant size (anything over $100K let's say).

wrbtrader · Feb 17, 2020

traider said:
...Trading the most competitive market in the world you have to deal with world class talent equipped with the best algos colocated at the exchange. Unless well capitalised, i would never advise trading as an endeavour to anyone.

He's not trading the most competitive market in the world although I do get your point. I believe LIBOR is the most competitive market in the world.

Always, best to keep your day job or whatever along with other diversification if someone wants to venture into trading regardless if its daytrading, swingtrading or long term trading to minimize the risk of ruin.

wrbtrader

PoopyDeek · Feb 17, 2020

wrbtrader said:
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

The only PNL that cannot be faked is one that shows PNL along with quotes and an account number approximating real-time. Typically this would involve taking a phone pic of your front-end and uploading it immediately to a thread or a video host (YT, vimeo, etc). The quotes (or news) would match the time stamp of the post within seconds/minutes.

I've used that exact process due to the numbers involved. I don't think it's necessary for sstheo to go to those lengths due to the numbers he's dealing with here.

traider · Feb 17, 2020

PoopyDeek said:
I have no problem with you... 2% is absurd on actual size. It simply doesn't take any additional effort to be transparent with PNL. You're now posting your blotter which is all that anyone wants to see and is all I asked to see.

I know a guy who did 15% per week, every week, for three years or so in 1st gen path-dependent exotics. He started with $12K or so. He's worth 200-300 million EUR.

It's not possible to make 2% per day on average in futures on any significant size (anything over $100K let's say).

What's that guy trading now that the edge in exotics is gone?

PoopyDeek · Feb 17, 2020

traider said:
What's that guy trading now that the edge in exotics is gone?

Exotic options/vol. He still trades with Deutsche and UBS, I believe. He's semi-retired due to psych-issues, (Asperger's and OCDs) and well... he obv doesn't need the money. German who resides in Wannsee and Monaco.