Are we elite traders?

[speedo]

Ignore the negativity, do the work.

 

[K-Pia]

So you and I agree. Recognizing luck could be a step in the right direction to becoming elite.

For instance, if you are having a good night at the craps table (a game which you clearly understand has odds against you), a trader might try to remember all the the numbers that were rolled, an elite trader will be looking for a polite place to get out and tip.

I didn't know that game but since it has to do with casinos... I can picture the Expectancy.
Fair enough. Games involving risk of ruin and uncertainty are not for the fools.
However, Markets offers a tiny bit of control that can make the difference.

We may be able to learn to flip the coin.
And last but not least, to "set" our own payoff.

However, it's a dead game too if one ain't "Rational" enough.

 

[i am nobody]

Those on ET who consider that they are not elite cause they can still learn new things to improve, are the closest to elite. On ET nobody is elite.
Elite don't consider themselves as elite.

 

[ETcallhome]

I didn't know that game but since it has to do with casinos... I can picture the Expectancy.
Fair enough. Games involving risk of ruin and uncertainty are not for the fools.
However, Markets offers a tiny bit of control that can make the difference.

Coins may be more heavily biased.
We may be able to learn to flip the coin.
And last but not least, to set our own payoff.

However, it's a dead game too if one ain't "Rational" enough.

all I can tell you is, when that market starts trending, it trends longer and harder than anybody ever expected. If you are on the wrong side it takes some skill to stay alive. If you are on the right side it pays for all your sins.

 

[ktm]

There are a small number of posters here that can provide insight and background in specific areas that I find enlightening or valuable.

Many other really good posters and traders have been pushed out over the years by trolls and other asshats that bated them or beat them up until they found the PITA factor outweighed what they were getting - or even able to contribute without getting pounded by the trolls. Don't get me wrong, some had bigger egos and (sorta) asked for it - but others just didn't suffer fools.

The biggest issue I have with this place now is thinking about all the great guys we've lost over the years.

 

[lostman007]

Elitetrader. Elite Traders.

Are we? Of what? Elite of what echelon?

Certainly there are some very successful traders who come to this site. Some I'm sure who are celebrity names and will never reveal their true identity until some awckward moment on television in the near/distant future.

But really though. Just like trading, there are a bunch of pikers here who haven't graduated from highschool and/or college and troll, with varying success. Then you have the middle class. The traders who are somewhat (un)profitable and are looking for guidance, refuge, sanity, etc. Then there are very profitable guys who come here to feed the ego and give reassurance and nurture adopted traders (maybe?). Then you have wildly successful giants who come here to troll and research and amuse themselves.

I mean, if you had a $100M allocation and you came to this site, you would probably decide to run interference, subterfuge, etc. A middle class trader having an exceptional streak of gains wouldn't risk exposing himself, except on the Journal occasion. I believe Niederhoffer came here for a few posts and is immortalized. I'm sure there are other world famous names who have come here known or unknown.

Had some powerful God plant and coconut meat so was particularly contemplative. No one discloses their edge. Anyone who is making fuck you money is NOT posting journals. I wonder about the reality and imagination boundaries on this site and realize it is a mirror of real life... you only know if you are supposed to. Sometimes it happens by accident, but very seldom.

Some guys come here to ask how to value a call option. Some guys come here to talk about exotic duration and vol surface decay over assorted time and price horizons. The full spectrum, from simple to rocket science.

So for sure there are some fucking whales in here getting drunk, high and posting wise/wild shit. Every now and then.

Salute.

Always remember that only 3% to 5% of traders make a good living at this, so 95% are helping the 5% live life the way it should be lived. I believe maybe one or two top traders come to any site, why would they really want to be around the 95% of losers that they have taking their money away from ?????. All traders that have been doing this for over 10 years know the key to making a living at this is focus and discipline. 95% of the other traders spend their time looking for the holy Shit indicator or the holy shit black box trading system, and in the end they get the holy shit kicked out of them, so why would I top trader spend two seconds on any site, knowing what 95% of the traders are going to be talking about or looking for? I know some people enjoy other people pains, but I can't see a top trader having a great day in the markets, and then going to the web and reading about someone blowing out their trading account in the same day.

 

[Swaps]

What would you class as an Elite trader these days? especially with all the behind closed doors activities going on.

 

[ETcallhome]

There are a small number of posters here that can provide insight and background in specific areas that I find enlightening or valuable.

Many other really good posters and traders have been pushed out over the years by trolls and other asshats that bated them or beat them up until they found the PITA factor outweighed what they were getting - or even able to contribute without getting pounded by the trolls. Don't get me wrong, some had bigger egos and (sorta) asked for it - but others just didn't suffer fools.

The biggest issue I have with this place now is thinking about all the great guys we've lost over the years.

yes, the death toll is truly sobering. Except they were losers back then, they just didn't know it. And they are still here with a new strategy and a new handle.
You do know the whole August Busch Budweiser empire was built on one lucky day at the track.
I never hear anybody refer to him as an elite horse bettor.

 

[K-Pia]

Always remember that only 3% to 5% of traders make a good living at this, so 95% are helping the 5% live life the way it should be lived. I believe maybe one or two top traders come to any site, why would they really want to be around the 95% of losers that they have taking their money away from ?????. All traders that have been doing this for over 10 years know the key to making a living at this is focus and discipline. 95% of the other traders spend their time looking for the holy Shit indicator or the holy shit black box trading system, and in the end they get the holy shit kicked out of them, so why would I top trader spend two seconds on any site, knowing what 95% of the traders are going to be talking about or looking for? I know some people enjoy other people pains, but I can't see a top trader having a great day in the markets, and then going to the web and reading about someone blowing out their trading account in the same day.

One way to do good.
Is to avoid doing it bad.
So it's useful to read losers.
Whether or not they are 95%
You're missing the wisdom behind.
And even losers can have great ideas.

Discipline isn't the necessary thing.
Sure it is useful when you have an edge.

 

[ETcallhome]

Always remember that only 3% to 5% of traders make a good living at this, so 95% are helping the 5% live life the way it should be lived. I believe maybe one or two top traders come to any site, why would they really want to be around the 95% of losers that they have taking their money away from ?????. All traders that have been doing this for over 10 years know the key to making a living at this is focus and discipline. 95% of the other traders spend their time looking for the holy Shit indicator or the holy shit black box trading system, and in the end they get the holy shit kicked out of them, so why would I top trader spend two seconds on any site, knowing what 95% of the traders are going to be talking about or looking for? I know some people enjoy other people pains, but I can't see a top trader having a great day in the markets, and then going to the web and reading about someone blowing out their trading account in the same day.

top traders don't have great days in the market