CL Redux

Okay, I placed a request to reactivate "schizo", which has been disabled due to the reason that I wasn't allowed to have more than one alias. (Well, you can but I was too stupid to tell the whole world about it). Anyway, I hope to return as schizo on Monday, provided Magna accepts my request.

The whole purpose of this thread was to make a breeding ground for serious CL traders to generate and exchange ideas as well as to learn from each others' tactics and mistakes alike. You're encouraged to make constructive criticisms but refrain from personal attacks or insults.
 
Can i accuse people of paper-trading willy-nilly? I checked over the rules but i didn't see if that was expressly forbidden or not.

If it is considered verboten, might i be permitted to at least call into question the veracity of their trade entries?
 
Quote from saliva:

Okay, I placed a request to reactivate "schizo", which has been disabled due to the reason that I wasn't allowed to have more than one alias. (Well, you can but I was too stupid to tell the whole world about it). Anyway, I hope to return as schizo on Monday, provided Magna accepts my request.

The whole purpose of this thread was to make a breeding ground for serious CL traders to generate and exchange ideas as well as to learn from each others' tactics and mistakes alike. You're encouraged to make constructive criticisms but refrain from personal attacks or insults.
More...
Once again I do not post every trade I make. I only post trades that I consider to be meaningful; trades that I will ride for more than 30minutes. Sometimes for days. I find it pointless to post a 5-10lot that im only going to have for less than 10minutes. Why waste space going "hey im short 7040 and im going to hold it with a .10-.15 profit target with no stoploss, even if its up a dollar from there" Waste of board space. Plus this market is moving too fast right now to take your eyes off the screen. 60 roundtrips today.
 
Quote from saliva:

Okay, I placed a request to reactivate "schizo", which has been disabled due to the reason that I wasn't allowed to have more than one alias. (Well, you can but I was too stupid to tell the whole world about it). Anyway, I hope to return as schizo on Monday, provided Magna accepts my request.

The whole purpose of this thread was to make a breeding ground for serious CL traders to generate and exchange ideas as well as to learn from each others' tactics and mistakes alike. You're encouraged to make constructive criticisms but refrain from personal attacks or insults.
More...
If we are sharing mistakes, here is todays mistake:
The damn thing traded to low too long. ie the 7250-7320 range. Just glad I hedged and reversed with the s/l granted the crappy fill. Have to remember that when stops are nearby at the open the floor traders are going to hit em!
 
Quote from HuggieBear:

Can i accuse people of paper-trading willy-nilly? I checked over the rules but i didn't see if that was expressly forbidden or not.

If it is considered verboten, might i be permitted to at least call into question the veracity of their trade entries?
More...
My whole aim was to stay clear from the business of pointing fingers, which nearly always turns into a flame war. No doubt, there are integrity issues, be they about real or paper trades. But once we go down that path, it tends to get ugly real fast with bruised feelings everywhere. Who will ultimately benefit from that? None other than those who derive pleasure from deriding others.

Personally, I don't care whether one is a paper trader or not as long as one is CONSISTENT. Even if one might be sim trading or what not, if he or she can consistently produce good calls over time or initiate timely entries on a CONSISTENT basis then I have no problem giving proper credit to where it's due. Here, I'm not talking about getting into a trade for a scalp of 4 ticks.

On a related note, while I didn't explicitly state that you must disclose your stops I encourage you to do so whenever possible. If for for no other reason than to minimize any possible mishaps, it will at least allay any suspicion among others that you might not be a serious trader.

Of course, these are my own personal opinions and I'm sure there are differing opinions. Be that as it may, let's focus on trading. I would much rather talk about improving my trading skills than about who might be real or fake. Should you encounter a problem that needs clarification, I suggest you use the PM feature.

Alright, enough said. I'm signing off. Ciao!
 
I would have thought my sarcasm was obvious, but I will grant a day like today can tend to obfuscate things.


I got caught with my pants down today. Sitting with 5 lots when that massive down move occurred. I was like a Deer in the headlights. Just didn't believe we would slide that much farther (really, 15% in 2 - 3 days?)




What is insane is i had purchased those 5 lots about 15 seconds before the down move began. I have, like, opposite luck. I have an amazing tendency to take exactly the wrong side of a trade within 30 - 60 seconds before a 1 - 3 dollar move occurs in the next two minutes.

I have never accidentally taken the correct side of a trade right before it occurs. Not on these large moves. Not once.

Its uncanny.


Anyway, fwiw, i went long some USO options at the bottom today. Seemed like a good trade between now and April.
 
I'm with HuggieBear. Admit when you got spanked, and move on to hopefully a better day.

I really don't share the mindset of those who're out to "catch" paper-traders. I don't see how the potential profits or losses of others affects my bottom line, in any way or shape. I don't need validation of my own self-worth or investment prowess by looking for failure in others.

By the way, as long as I'm sharing... when it comes to crude, I'm primarily a seller of volatility. And this week, as you might imagine, has been less than spectacular to the bottom line. The last 2 months have been fabulously profitable, but all good things must come to an end.

I traded about 40 contracts today, including shorting 9 at 71.2 or lower. Painful.
 
Heech -

Can you tell me what you mean by sell volatility? Are you saying you're primarily a bear, but you only act when the action gets moving?

Just curious.


HB
 
Quote from HuggieBear:

Heech -

Can you tell me what you mean by sell volatility? Are you saying you're primarily a bear, but you only act when the action gets moving?

Just curious.


HB
More...
I sell up to 120 call and put options a month in crude. All strikes are within one sigma of the underlying. I'm not going to talk in detail about how I hedge, but the bottom line is, the less volatile crude is, the better I do.

Thursday was actually a decent day for me, but friday stung. Not as bad as Friday after thanksgiving because of Dubai, but it hurt.
 
You must log in or register to reply here.
Back
Top