2012: The Battle for Survival
- Thread starter neke
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Does anybody want any margin for 80% double half sized rates?
I'd like a team of traders to be trading 8000 contract amongst themselves and lend 0-9.7% if they'll due greater than 2000 contracts 24-25 times per day without losing money in any one particular quarter?
ie: 50,000 contract blocks where we'd form a syndicate of brokers to act as motherfuckers fighting over the 0 macrosecond delay I give to them when the best they'd get is 1.5-3.75 macroseconds.
Honestly I don't really think there is such a thing as low risk set ups.
How do you know the future of those set ups?
I call that magical thinking.
And you're more than a little negative toward other traders. If you don't believe risk can be minimized, it probably won't...... in your case
Absolutely amazing!
I am fully amazed there are people here who believe in Bowo's bullshit. The guy is the epitome of a hack and yet he posts here like he knows the deal. Let me fill you guys in; the guy cannot make money, he hasn't ever made money, and he'll sell you some pairs trading bullshit system which doesn't even trade a hedge. Oh, and that system has been a loser since 2008... Posters have exposed Bowo's fraud since 2008 and there are still misinformed people here who think he's factual??? What a joke.
And, on top of all this you bowo supporters have the "insight" and "knowledge" to give neke advice when you're too stupid to see past Bowo's facade??
What the f--k is wrong with this site?? Bowo ain't a trader, and, some 2012 newbie poster is trying to tell Neke exactly what he should be doing??
How many of you "helpful" people actually swing +/- $10k a day? You have no idea what is its like if you don't. So don't thrown down some trite advice about edge and money management AND PLEASE DONT REFER TO BOWO AS SOME AUTHORITY.
And most of all get off this ego trip. Traders have drawdowns. Some last years, some last months. Mind you, Neke's money managemenrt is poor but the markets have been a bit shitty over the last few years, people will either sink or swim, Neke is no different.
I am fully amazed there are people here who believe in Bowo's bullshit. The guy is the epitome of a hack and yet he posts here like he knows the deal. Let me fill you guys in; the guy cannot make money, he hasn't ever made money, and he'll sell you some pairs trading bullshit system which doesn't even trade a hedge. Oh, and that system has been a loser since 2008... Posters have exposed Bowo's fraud since 2008 and there are still misinformed people here who think he's factual??? What a joke.
And, on top of all this you bowo supporters have the "insight" and "knowledge" to give neke advice when you're too stupid to see past Bowo's facade??
What the f--k is wrong with this site?? Bowo ain't a trader, and, some 2012 newbie poster is trying to tell Neke exactly what he should be doing??
How many of you "helpful" people actually swing +/- $10k a day? You have no idea what is its like if you don't. So don't thrown down some trite advice about edge and money management AND PLEASE DONT REFER TO BOWO AS SOME AUTHORITY.
And most of all get off this ego trip. Traders have drawdowns. Some last years, some last months. Mind you, Neke's money managemenrt is poor but the markets have been a bit shitty over the last few years, people will either sink or swim, Neke is no different.
had a similar experience to neke. Increased 10x my size and then pof, drastic loss with largest size ever. And bad streak just continued.
my parameters are different but i risk 10% of my capital per trade. When it goes well, it goes up, but go papetrade if down 30% from top. Oftern couple of wins proving I am still OK come immediately and trade with real money again. One asks, why bother. Well, there are 3 cases when I would lose it all and beyond without this rule. Market changes persistently.
my parameters are different but i risk 10% of my capital per trade. When it goes well, it goes up, but go papetrade if down 30% from top. Oftern couple of wins proving I am still OK come immediately and trade with real money again. One asks, why bother. Well, there are 3 cases when I would lose it all and beyond without this rule. Market changes persistently.
If you want to continue with this discussion I suggest doing so in my journal instead of hijacking neke's.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=238148&perpage=6&pagenumber=9
My original point is as valid here as in your journal: success in any speculative venture is all about the risk:reward ratio and the bet size.
If the trader can't size up the likely minimum R multiple for every trade, it's guessing. You are either the player or the game. You create the game. If you don't, you take the other side of traders who do.
A low risk idea will always have a favorable multiple of potential reward compared to worst case downside.
I'd be happy to discuss this idea in your journal but you have not explained what you are doing, so I must assume you are guessing.
I also assume your outlook is that trading is a battle, a fight to the death. I see it differently: I aim to partner with the market and help it discover transactions at whichever price it may need to move toward. There are many low risk ways to do this.
I'll say it before and I'll say it again: you CANNOT daytrade without the ability to focus your full concentration on the tape, not in today's markets (which are very far removed vs pre-lehman). It's just too damn thin out there and prices will take out any reasonably placed automated stop. And that's just one of many reasons why this just won't work. Beneath it all is this: if you NEED to LIMIT your own discretionary instincts because they are causing losses, you just don't get it yet. AKA no/negative edge.
It's hard enough for people struggling with consistent profitability who are doing this full time. But a part-time daytrader with a full-time job? Chances are nil. Sorry, that's the truth of it. The rate you learn what you need to learn will be just too slow. Cut off the paid gig and focus full time on the screen, that just may provide enough impetus for you to see the light, gun-to-your-head style. But I'm not recommending that with a family to feed.
I've asked Neke before why he doesn't scale out in time-frame into something more compatible with his work life, and he hasn't responded to this. The risk/reward of daytrading has shifted tremendously in the past few years. It used to be an entry-way timeframe for the trading public, plenty of liquidity for the small guy and no overnight news risk. Now it's nearly a pure poker game. Stack size counts big. Tolerance for pain counts big. The best players can win without looking at their own hole cards. Part-time Neke is trying to do the equivalent. It's possible. But he's trying it ass-backwards.
It's hard enough for people struggling with consistent profitability who are doing this full time. But a part-time daytrader with a full-time job? Chances are nil. Sorry, that's the truth of it. The rate you learn what you need to learn will be just too slow. Cut off the paid gig and focus full time on the screen, that just may provide enough impetus for you to see the light, gun-to-your-head style. But I'm not recommending that with a family to feed.
I've asked Neke before why he doesn't scale out in time-frame into something more compatible with his work life, and he hasn't responded to this. The risk/reward of daytrading has shifted tremendously in the past few years. It used to be an entry-way timeframe for the trading public, plenty of liquidity for the small guy and no overnight news risk. Now it's nearly a pure poker game. Stack size counts big. Tolerance for pain counts big. The best players can win without looking at their own hole cards. Part-time Neke is trying to do the equivalent. It's possible. But he's trying it ass-backwards.
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