Austin Passamonte Challenges all at ET to a $10K entry fee Contest!

Don't worry about me, Thunder... I'll always be just fine :>)

First, I'm not down to my last $20k just yet. Secondly, I'm not a systems trader, and I don't have strings of losing days as you fear might happen.

That is all about my own personal trade size and management. On all of those days, different traders taking the exact-same entries using different exits AND different contract size would experience different results. That is absolutely true for the way any individual traders versus any fifty other traders at random.

But, I appreciate the concern!
Austin
 
Quote from austinp:



Any questions?
Austin P
More...

I would like to see you carry through with this for the whole month
of September.

6+ days do not make a whole month, or year.

You have stated in your free videos that you generally have 6
fair months, 2 really good, 2 really bad and 2 that are about B/E.
I could be a little off on the above sentence. Correct me if you need to.

And show us where you trade 20-40 ER contracts vs. the 5-10 you
have posted here. I am surprised you haven't traded bigger with
the upmove that we have had the last 3 days...

But, having a seminar for 48, 2 new puppies, all this typing on ET
must surely interfere with your trade size management.

Do you have a bigger account when you decide to do 20-40 in ER
and up to 50 in ES?

Just wondering...:)
 
Quote from JimmyJam:

It's built into the money management, and actually there is a much more aggressive version, this one was playing it straight.

Best,

JJ
More...

JJ,

Why are you answering Thunderdog's question to Austin?

You sound like you really are Austin as speculated earlier in the thread!...:eek:
 
Quote from Thunderdog:

An even more aggressive version?! This one lost almost 19% on the 4th day. No question, the reported end result looks quite impressive, but be sure to pack your Gravol.
:D

What happens if you have 3 or 4 such losing days in a row?
More...

You know what's interesting is that Austin always answers these responses, and he pretty much gives the same answer I would.

CaddyShack2006 made a ridiculous post, but it does like we use a similar logic in our approach to the markets.

My system only takes the most optimal trades (I leave a lot on the plate), with stringent criteria for cutting my losses ... so if I trade it straight it's very conservative, but if I add-in Austin's money management algo's it becomes turbo charged, while experiencing no appreciable greater risk (the risk arithmetic, the return is geometric, and if you catch a heavy trend day like yesterday the return become exponential).
***
But he's already spoke to this.

Best regards,

Jimmy J
 
JJ, thanks for the echo but I'd prefer to respond myself.

Where is the line here in this forum where I win? Where exactly would the point be where I have no voices of dissention ever again?

If I show Sep statements thru the end that go +500%, everyone retorts it was only one month... show more. If I show six months, same retort asks for one year. If I show one year, retort is show five years. If I show five years, response would wonder what I've done since puberty.

Here's the deal: I don't want anything from anyone in this forum, period, exclamation mark. No one here has anything I desire. There is no incentive for me to jump thru hoops, because no bone exists for me to chase.

I'll be posting educational content in my own thread. Take it on its face, or leave it and stay away. Either way is perfectly fine by me. My presence here is purely selfish, self-expression in print. Same as everyone else, y'all have the same agenda as me... selfish desire to be heard. Right or right?

If I decide to post trades in here thru the month, thru the year or forever more, I still don't want anything in return. I sometimes wonder how hard that simple concept is to grasp.

The numbers I posted above are true. I have account statements to prove it... but why go thru the effort of seven jpeg images taken, uploaded, etc. What do I get in return? What's in it for me? What I have stated in here is easily and 100% verifiable by the CFTC... simple as that. Other than that, I have no motivation to show "proof" because there is no prize for me at the end for my efforts.

<b>Virgin,</b> if I post the statements, what do I get directly from you for my efforts in return? Make it worth my while, and I'll take the bother of opening seven PDF files, making the snapshots, saving them to my computer, uploading into this thread... for what?

Thank you for your time, and I'll see you in my personal thread if you care to drop in from time to time. In any event, please take great care!

Best Trading Wishes,
Austin
 
"Echo" that's what you call your other
alias, funny, man ! :0))

At least you got humor.


People like you never stay very long
on Elitetrader, you know.


You can convince me with some
real-time calls, post them on elite
then we can control it, no ?

For what ? Well, for some credibilty.
 
Virgin, I like JJ, but we are not the same person. You've been here since 2000, quite a long time... I hope the difference between JJ and I is truly apparent to you.

If I post the trade statements here, I get your approval? That's my reward... the grudging approval of one person? Would everyone be satisfied with that? At what point exactly is my credibility ironclad with everyone, no exceptions?

Post real trades in real time? For how long until everyone says "Enough... we believe." For what? Your approval? No offense meant, but I don't desire your approval that badly :>)

I can live without anyone's approval in here. Read my stuff, take it or leave it, hope it helps :>O

Austin P (not to be confused with my friend JJ)
 
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