BAR BY BAR -- Al Brooks

[Mach4-1]

Quote from GiantDog:

To mug or be mugged. That's the reality. Yep, you got it by George.

 

[satchel]

This book gets free advertising every day!

 

[Mach4-1]

Quote from satchel:

This book gets free advertising every day!

sure what the hell..the idiots might as well buy this heap of shite as the other shite..for it is all the same..and who gives a fuk anyway what idiots do with their money

 

[college_trad3r]

Quote from SteveH:

Black Noir,

If I were limited to giving you only one piece of advice in trading it would be this:

If your intention is to trade strong trends, then you want to be holding the smallest number of shares/contracts when you enter the trade and holding your largest size when you exit.

Now, when I say this I mean that your initial risk with NEW capital is only on the initial entry. Any subsequent add-on point will be taken in a way to where the current price action will NEVER BE ALLOWED to go against you past the point of a scratch trade.

If you trade this way, then you can survive at this game full-time with only a 30%-40% winning pct because each win will cover far more losses because your avg loss is kept constantly small while your winners are 3x to 40x more than that (assuming we're talking about trading the e-minis).

I'll bet 90-95% of the at-home e-mini traders out there start each trade with the largest position they ever plan on taking in a trade and "peel off their contracts" to "lock in profits". All this effectively does is to put higher demands on your winning pct. because this lowers your avg win / avg loss ratio (aka payoff ratio).

No one ever would have heard of Larry Livermore (and for that matter, "Reminiscences of a Stock Operator" wouldn't have been written) had he traded like the run-of-the-mill e-mini at-homer. He was great because he started each trade relatively small and leveraged up as the trade continued to go his way. As the book stated, when he was on his game, he was 7 out of 10 in his picks. Getting a 70% winning pct. in leveraged-up trading is how you get rich. This is the exception, not the rule. Getting a 30%-40% win rate still affords a nice lifestyle with much less stress, imo.

and livermore blew up 4 times... is that the trader you want to become?

 

[dwt1020]

Quote from GiantDog:

You only came up with this 4 tick win, 6 tick loss bit after it was pointed out that what you said was WRONG. You better hope you don't have this mindset in real trading or you will lose your ass.

NO.. real traders already know this..
if you was one, you'd have corrected me and not bashed me.....

 

[GiantDog]

Quote from dwt1020:

NO.. real traders already know this..
if you was one, you'd have corrected me and not bashed me.....

Whatever. Sorry if I "bashed" you. Feel better now?

 

[Mach4-1]

Quote from dwt1020:

You people here are so negative. All you do is make negative statements towards others post. My statement was not false. but it is only true using 4- 6 tick target and 6-8 tick protective stop...

This is well know fact.. get over it...

sorry for my omission.. but then it did give you negative folks something to point out.

people will always be negative when they do not clearly understand something..this is the natural defense of fools..only wise men admit that they actually know very little about what makes it be so

many so called traders speak of % win and r:r ratio..as if they actually know what they are doing..when the reality of the situation is that..the game is such that it matters not what they think..but matter it greatly..what they actually do!

let us ask an imaginary child a question..

"young child, if you have 100 cent for the whole week, to buy sweets in the shop as you like, how many cent will you bring to school with you each day?"

and the child's answer is as follows..

?

 

[GiantDog]

Quote from Mach4-1:

people will always be negative when they do not clearly understand something..this is the natural defense of fools..only wise men admit that they actually know very little about what makes it be so

And Buddha says that when someone thinks that others are being negative or foolish they are filled with delusions.

 

[Mach4-1]

Quote from GiantDog:

And Buddha says that when someone thinks that others are being negative or foolish they are filled with delusions.

the buda is just a fat statue with a thick head

if u want some real spiritual quotes then there is only one "father" to listen too

after all..he has the lisbon fat cats weighed up to the last....and rightly enlightens his spiritual devotees with words of wisdom

 

[Mach4-1]

"dear brethern, sit ye down and Jack will tell ye why ye must vote NO to the so called future of europe..

Europe..like the US..is run by fat arse lazy bastards that do nothing but line their own pockets and fuk the simple people on the ground...ALWAYS.."

"BUT FATHER, IF I DO NOT VOTE MY GOVERNMENT, AND ESPECIALLY MY BIFFO, ARE TELLING ME THAT I MIGHT LOSE MY JOB AND THEN I WILL BE RIGHTLY FUKED UP"

"son..have u learned fukin anything about money..or are u also a stupid little lazy bastard that depends on others to hand it to them on a plate..

do u know what type of fukin forum this is..it is not a lunch break meeting area..it is an elite traders forum..for elite traders..do u fukin know what elite means u thick little bastard"

"BUT, BUT, BUT FATHER, WHAT AM I SUPPOSED TO DO AS EVERYONE HERE IS CONTRADICTING THEMSELVES ABOUT EVERYTHING"

"listen up u little prick..fuk them all..for they know not what they do..

start with small size until ur thick little fukin brain can see that trading is as easy as picking ur long fukin snotty nose..if u listen to the dim wits on this site then u will find nothing but big thick green snots that will be so sticky u will have to get a fukin scraper to remove it from ur digit..

and..what makes u think that the fukin dim wits in brussels are any better..in fact..they are 1Mil times fukin worse..as they will ride u bareback and fuk u out the window at 36,000 feet..just to save face..oh..and money of course..

when u grow up and take responsibility for ur own life..u little shithole..u will then see that u don't need anyone else..and u can take as much fukin money as u like..when u like..and when u can do this..then..u can really tell the whole fukin lot of them..to..

FECK OFF