The strategy that made me most of my cash last year has mostly died off, largely related to interest rates and reg SHO. There was a sweet spot of about a year and a half for what I was doing and I swung big and hard. Now back to grinding it out and working on some new ideas. Hopefully one of them will hit big.
Blotter Time (Put up or shut up)
- Thread starter Diamondtrim
- Start date
The strategy that made me most of my cash last year has mostly died off, largely related to interest rates and reg SHO. There was a sweet spot of about a year and a half for what I was doing and I swung big and hard. Now back to grinding it out and working on some new ideas. Hopefully one of them will hit big.
Quote from misctrader:
DiamondTrim,
And the amazing thing is you guys are doing it for a living! I remember how hard it to trade for a living. I'm very impressed with those who can actually do it day in , day out.
Despite my institutional background, I tried it and honestly, I didn't do as well as I wanted to. So, I'm just back to research. I still do trades here and there, but not anywehre as active or as big as before. Research is less stressful and less volatile than trading.
Don't let these supposedly blueblood institutional traders tell you otherwise. You are kicking asses if you can put up $2K/day consistently. That's hands down really good especially you are keeping 100% of your profits. Lots of big traders have the advantage of infrastructure and capital and technology and information flow. That's their edge. Without that, they are blind as a bat.
Keep it real!
I have mentioned many times on Elite that for me the edge is Trade-Ideas. It is the thing that gives me the confidence to know I am never going to miss anything and as we pros know, any day can be one for making a few hundred or so. Which is ok until you can nail the bigger days. I am not scared to show that some days you don't make money you lose. The key is a tangible edge and for me it is my alerts. Of course show anyone anything you like here and you are instantly a vendor selling your stuff. It is kind of funny, but I am going to continue the thread we will see what happens. It is sort of getting too long maybe it is time for another one that is a little cleaner.
no thanks. i dont have any respect for someone who would belittle traders making 2k a day.
DT,
Yeah, I did a free 5 day trial with TI. I thought it was pretty good. But I was still thinking of how to automate it. You still have to look at a lot of alerts and pick the best ones.. But it's better than nothing. Much better.
What kind of stuff do you look at?
i dont really care who you respect, so keep it to yourself..
cheers
Diamondtrim - I congratulate you on your success and don't have any major problem with you, but I do want to point out that probably 75% of your posts are shilling for TI. It is a pretty safe bet that you are somehow associated with them beyond just being a satisfied customer.
So, don't get all "high and mighty" about people thinking you are a vendor because you "show what you like" on ET.
example of what is wrong with people. Someone is actually posting their PL and some asswipe makes fun of it saying it is peanuts.
I think it takes balls to post pl and even if it is just a few positive days or consistent positive days.
No one on this forum ever shows their PL but everyone talks about how much money they make.
Livingston, lets assume you make 15K a day, or what ever it is, there are still many traders and money managers that would laugh at you and say that is peanuts.
So don't come into a discussion talking about how 2K is peanuts.
It is all relative to what each individual desires.
Time to grow up.
I think it takes balls to post pl and even if it is just a few positive days or consistent positive days.
No one on this forum ever shows their PL but everyone talks about how much money they make.
Livingston, lets assume you make 15K a day, or what ever it is, there are still many traders and money managers that would laugh at you and say that is peanuts.
So don't come into a discussion talking about how 2K is peanuts.
It is all relative to what each individual desires.
Time to grow up.
lol....no surprise....