Baron's Crypto Trading Journal

[margin_gamble]

Look, anybody with a first-grade education knows that I'm down on the position. We ALL KNOW THIS.

If a person wants to reiterate over and over again that my position is down, that's fine. What I have a problem with is when that person implies that they have a better strategy or a superior system, BUT THEY NEVER POST ANYTHING ABOUT IT. Yet they continue to claim they just rake in the profits month-after-month.

We all know that's just a bunch of nonsense.

Look, I rarely ever talk about myself, but let me just clarify one thing. I quite literally wrote the book on Day Trading 24 years ago back in 1998. I was the first person on the internet who ever created a course for scalping stocks using intraday charts and Nasdaq Level 2 data that was accessible online to anyone. And if you don't believe me, here's the Wayback Machine snapshot of Elite Trader in 1998 showing the outline of my course:

https://web.archive.org/web/19980212054707fw_/http://www.elitetrader.com/elitecourse.htm

And here are some random quotes from customers about my course:

https://web.archive.org/web/19980212060259fw_/http://www.elitetrader.com/praise.htm

Keep in mind that this all was before there were any books whatsoever on the topic.

But guess what? I never said this was a day trading journal, which is why I'm not trading it as such. So if certain members want to curve-fit this journal into their current day trading strategy and give me shit for not adhering to traditional day trading rules, be my guest but I never designated this journal as being like that to begin with.

Outstanding!!


Your best post EVER at ET is on page 1 of this journal.

Paragraph 4 is worth its weight in gold bullion

Last sentence of paragraph 4 is worth the equivalent of at least the Kohinoor Diamond the Queenie wore on her crown.

Here then is the Kohinoor diamond in all its glory in bold print

And all that will be verifiable from the timestamps on my posts.

Obvious question: what kind of a leader are you when nobody at ET except for a teeeeeny trickle follows and applies this heavenly concept?

 

[Businessman]

Prove it with brokerage statements. Otherwise, your comment is just smoke and mirrors.

smoke and mirrors?

You let a sponsor on the site who would often post volume/turnover statements instead of PnL. Boasting of how many million dollars in volume/turnover they do in order to trick new traders who don't the know difference between turnover and PnL.

That is as smoke and mirrors as it gets.

 

[Baron]

Obvious question: what kind of a leader are you when nobody at ET except for a teeeeeny trickle follows and applies this heavenly concept?

It's an interesting question. I think if I had started this journal and things continued to trend up from the onset, then probably others would follow a similar format, but the reality is that when the markets are shaky, most people don't want to suffer the embarrassment of timestamping their trades in advance via posts and being held accountable for that. But what's even crazier is that most people here are posting under anonymous usernames, so you would think there would be a certain level of personal disconnect and freedom to just post calls in advance because of that implied distance between a member's real identity and their username here on ET. But such is not the case.

Baron is my real name but my personal self-worth is not tied to making precision entry points and exits so I don't lose any sleep whatsoever about any of this. In other words, I'm just being an up-front and honest person about my trades and viewpoints, and people can either agree or disagree with my perspective on the crypto markets as the timeline rolls along. They also have the freedom to make their own investment decisions at any point and that's totally cool with me. Hell, if somebody wanted to create a contrarian journal to my journal and make millions in the process shorting everything I do as my portfolio burns down to the ground, I think that would be an interesting experiment as long as they were also upfront about their trades.

 

[margin_gamble]

Dear Baron,

This is a BEAR market at 6 degrees of TREND.

Keep in mind this RULE:

Bull market icons ( like yourself ) become pariahs in a BEAR market as things reverse on them.

Be careful, Baron. Apple is just one of many examples.

Best of luck, Baron. Its going to get mean.

 

[Baron]

smoke and mirrors?

You let a sponsor on the site who would often post volume/turnover statements instead of PnL. Boasting of how many million dollars in volume/turnover they do in order to trick new traders who don't the know difference between turnover and PnL.

That is as smoke and mirrors as it gets.

I have absolutely no clue what you're referring to, and even if I did, I don't know what in the heck that would have to do with the topic of this discussion.

 

[margin_gamble]

It's an interesting question. I think if I had started this journal and things continued to trend up from the onset, then probably others would follow a similar format, but the reality is that when the markets are shaky, most people don't want to suffer the embarrassment of timestamping their trades in advance via posts and being held accountable for that. But what's even crazier is that most people here are posting under anonymous usernames, so you would think there would be a certain level of personal disconnect and freedom to just post calls in advance because of that implied distance between a member's real identity and their username here on ET. But such is not the case.

Baron is my real name but my personal self-worth is not tied to making precision entry points and exits so I don't lose any sleep whatsoever about any of this. In other words, I'm just being an up-front and honest person about my trades and viewpoints, and people can either agree or disagree with my perspective as the timeline rolls along. They also have the freedom to make their own investment decisions at any point and that's totally cool with me. Hell, if somebody wanted to create a contrarian journal to my journal and make millions in the process as my portfolio burns down to the ground, I think that would be an interesting experiment as long as they were also upfront about their trades.

What I meant, stated different way is .............

can you excercise your leadership here and get traders to post real time like YOU YOURSELF do?

Ther eis a yuge differnce between posting hiundsight trades and trades in eral time


Standard trade at ET ................. I made 7k today, I'm smiling all the way to the bank. Everyone buys this bs. Had he however posted the entry in real time and then the exit, nobody can/would argue, they'd get slapped

 

[vanzandt]

I have absolutely no clue what you're referring to, and even if I did, I don't know what in the heck that would have to do with the topic of this discussion.

Hahahhhahahha
That one got a hearty out loud laugh.

 

[Baron]

can you excercise your leadership here and get traders to post real time like YOU YOURSELF do?

Posting real-time takes confidence and inner strength. It's not a characteristic you simply "get traders to do" from the outside. They either have it within themselves or they don't.

 

[vanzandt]

What I meant, stated different way is .............

can you excercise your leadership here and get traders to post real time like YOU YOURSELF do?

Ther eis a yuge differnce between posting hiundsight trades and trades in eral time


Standard trade at ET ................. I made 7k today, I'm smiling all the way to the bank. Everyone buys this bs. Had he however posted the entry in real time and then the exit, nobody can/would argue, they'd get slapped

You're an idiot. Look at B1's thread. There's about 5 people that post real time all day long.

 

[margin_gamble]

Posting real-time takes confidence and inner strength. It's not a characteristic you simply "get traders to do" from the outside. They either have it within themselves or they don't.

Agreed! But imagine what it would do if YOU personally expressed it to your Republican Guard starting with zdhorner and the scores of others in theis thread, THEY might come around. Its well worth it.

Imagine what ET would be like! Wow!