OP says he been trading successfully for 7 years, and you say because his picks in the last month on this thread haven't been profitable that he certainly has no winning strategies? does every winning trader have to be right every day, month or even year? lets say a firm actually hired you and sat you next to one of the most profitable traders in the place for you to learn from him and the first 30 days you watched him he lost a little money. would you complain to management and quit cause they lied to you and this guy caused you to lose money?
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Confessions of a successful trader
- Thread starter StLouisTrader
- Start date
OP says he been trading successfully for 7 years, and you say because his picks in the last month on this thread haven't been profitable that he certainly has no winning strategies? does every winning trader have to be right every day, month or even year? lets say a firm actually hired you and sat you next to one of the most profitable traders in the place for you to learn from him and the first 30 days you watched him he lost a little money. would you complain to management and quit cause they lied to you and this guy caused you to lose money?
prof charles: when you get a mentor you can tell if he's got game by his knoweledge and technique. After a while it is clear as night what is the method to your mentor's maddness and you CAN draw some conclusion to his credibility. OP has given no hint in any shape or form about the methods and analysis that led to his trades or any trade management skill other than double-down which sound like a newbie or I cover this or I sold that. You can't fault someone for calling this into question.
Quote from StLouisTrader:
BW: This thread is about real trades by an actual trader. Also I'm not trying to raise capital and don't have anyting to sell. From what I gather, you are trying to hock your half assed paper trading system to people since you have no money. If your piece of shit strategy worked you could be an actual trader, but u are not b/c it doesn't work in real time. If u think there's nothing to get out of this thread, pls move along, as far as I know no one is forcing u to read it.
You don't know a fucking thing about me. Or you'd know I don't paper trade, and it just shows how stupid you are to say that. Paper traders don't get to have WL, and they certainly don't get a covestor account with two dollar signs.
I'm fully expecting a report from you one day about making some substantial amount of money, say $500k in one day, and I'll be the first to say you're lying.
If you'd like to really show what you can do, there's two sites that I'll accept: C2 or Covestor. One costs money, one doesn't. The motivation for you isn't money obviously, since you seem so happy with your holdings, nor was it about money when I joined in the first place either.
Quote from bwolinsky:
You don't know a fucking thing about me. Or you'd know I don't paper trade, and it just shows how stupid you are to say that. Paper traders don't get to have WL, and they certainly don't get a covestor account with two dollar signs.
I'm fully expecting a report from you one day about making some substantial amount of money, say $500k in one day, and I'll be the first to say you're lying.
If you'd like to really show what you can do, there's two sites that I'll accept: C2 or Covestor. One costs money, one doesn't. The motivation for you isn't money obviously, since you seem so happy with your holdings, nor was it about money when I joined in the first place either.
I suspected as much from the thread you started, but now I know, you really are stupid. I would have no reason to point this out, but since you're such a prick, I'll go ahead. A covestor acct with two dollar signs? LOLOL Bigtime guy on Wealthlab? What makes you think either of those have anyting to do with raising capital? I bet by now you're starting to realize the answer is nothing by the lack of results you've had in your little marketing blitz here on et. If not you will soon. How much money have you raised so far? None? Best of luck (not really).
randy33 09-25-09 05:38 PM
prof charles: when you get a mentor you can tell if he's got game by his knoweledge and technique. After a while it is clear as night what is the method to your mentor's maddness and you CAN draw some conclusion to his credibility. OP has given no hint in any shape or form about the methods and analysis that led to his trades or any trade management skill other than double-down which sound like a newbie or I cover this or I sold that. You can't fault someone for calling this into question.
No answer yet.
prof charles: when you get a mentor you can tell if he's got game by his knoweledge and technique. After a while it is clear as night what is the method to your mentor's maddness and you CAN draw some conclusion to his credibility. OP has given no hint in any shape or form about the methods and analysis that led to his trades or any trade management skill other than double-down which sound like a newbie or I cover this or I sold that. You can't fault someone for calling this into question.
No answer yet.
StLouisTrader,
I was just was wondering if you use any type of bankroll management on your trades?
if so how do you do it? (if you don't mind sharing)
I know some top traders who are just so good they never even think about it, and others who are very strict about never using leverage and never losing more than 1% on any trade.
just wondering which method you were using?
I was just was wondering if you use any type of bankroll management on your trades?
if so how do you do it? (if you don't mind sharing)
I know some top traders who are just so good they never even think about it, and others who are very strict about never using leverage and never losing more than 1% on any trade.
just wondering which method you were using?
Quote from daytrader2010:
StLouisTrader,
I was just was wondering if you use any type of bankroll management on your trades?
if so how do you do it? (if you don't mind sharing)
I know some top traders who are just so good they never even think about it, and others who are very strict about never using leverage and never losing more than 1% on any trade.
just wondering which method you were using?
I'm willing to lose way more than 1% per trade, but i think picking some number you're comfortable with (avoiding risk of ruin) is the right way to frame it. Since inception, I've generated high and mostly consistent returns so I'm willing to accept a fairly high drawdown (to put on bigger bets). My highest drawdown in 7 yrs was a little over 20%, which was quite painful. To put that in perspecitve though, I finished that year up about 100%.
how many trades did your 20% drawdown include? and over what period of time?
also, do you make money during the summer months when volume is lower?
also, do you make money during the summer months when volume is lower?