Baron
ET Founder
Common. In no way are johnarb's claims even remotely similar to virtusa's. You're barking up the wrong tree with that one.
Baron's Crypto Trading Journal
- Thread starter Baron
- Start date
Many people, including me, were already called an asshole. Never there was any sanction. If Baron would ban @themickey it would be discrimination . Or is Baron some kind of a God that has a status that nobody else has??
Your proposal belongs in the world of dictators like Putin or radical muslims.
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Well fellas. At least we learned one lesson today. Calling somebody an asshole is evidently no big deal. But calling someone a liar is absolutely OUT OF BOUNDS!
If calling a liar can happen as many times as ET members wish, ET will become a marginal website. Not a single serious business would be interested to be linked with such a website. The "elite" in elitetrader would become a cynical thing.
Ojectivity had to disappear as johnarb supported Baron in his adventure the last year. even with hard proof Baron still refuses to admit that johnarb made a fake statement. No more words are needed, everything is known.
Johnarb is a marginal person. He is a liar and his language is marginal too.
Why do I have this feeling that things are gonna get awfully quiet?
Your really think I will respond to that.
You always changed subject when things got too heated, never answered my questions and make up ridiculous stories to proof you are right. You even did not confirm that johnarb was a liar.
And now you think that you found something to catch me? A full year you are coming with different stories to proof that your 75% loss on BTC with 23 losing trades was in fact not what it is. And now you try to take revenge.
I will now answer to Hilmy83, but to you I will not answer anymore as you never answered to me too.
I see already that you are also puting words in my mouth that I never said.
The text in bold is wrong. I spoke about 1000% in 2021, from january,1 till date of the post (april 2021).
Not in 10 years, and also not 10 years in a row.
I traded a $5,000 account up to +$60,000 in less than 4 months. I needed to make average less than 2 points ES net per day. My long term daily average is higher than 2 points ES net per day.Know it is up to you to find out how I did that. I will not make anybody smarter on ET.
I will go now as markets will open soon.
Just show us if you found out how I did it.
Thank-you for providing some more details about your claims. What I have seen over and over again is that many traders are able to grow an account such as you have, but the question is, can you do a 1000% gain again with a 60k starting balance? It gets much harder when more money is on the line. Technically, trading 5-10 ES contracts is no different than 1, or even a few micro contracts, but many people choke because now, psychologically, the bigger PnL swings are harder to manage in the brain.
I have to also wonder why are you only starting with 5k? Perhaps 2021 is a year where your trading journey finally took a turn for the better, but I do believe that @johnarb has been around much longer and made much higher gains than you in the cyrpto bull markets. I know that I would have cashed out much sooner and not enjoyed the gains, so its a real skill to hold a winning trade and continue to do so as its multiplying. But if you are claiming to be a very good trader for many years, why just a 5k account?
Listen, I'll be the first to admit that all of us think that losing 75% on crypto this year totally sucks. I also understand that Baron calls this a trading journal, so technically, from a trading perspective, he is doing poorly, but I think he was buying more so for the long term potential, and simply averaging in. Although being bullish at 69k clearly looked risky given the double top with the 64k high in April 2021, and hence a bad trade, this entire drop is something that could not have been predicted, since many macro events fueled it. It is literally the 2008 financial collapse for crypto. At least in 2008 you had the Fed print like crazy and throw unlimited support behind the markets. Crypto doesn't have that, so once again, the drop has been unprecedented in some ways (even though Bitcoin has gone through several 80-90% drops already).
The point is that even though you said you wouldn't buy at the highs where Baron was buying, I'm not sure if you were saying its going to drop this low, unless you hate crypto and feel its going to zero. A healthy pullback to even a 50% level is the norm when using technical analysis, and that zone around 30k where we were for a very long time seemed like a logical entry to add to the position. Its was only the macro events of multiple huge blows, that were unknowable, which pushed it down even further. But none of this matters to a technical trade such as yourself I believe, and certainly none of it was known when bitcoin was coming off its high at 69k.
But I would love for you to come back at some later date and make a bottom call. I believe strongly that a bull market will start again, and if you do have great technical trading skills, you should be able to make a call in this regard.
I can probably figure it out if you share with us a typical day chart with the indicators/lines you use. Dont even need to put executions on there.
