Discipline & Greed

[nokomisjeff]

Quote from LOgg:

Me, dumb? Are you too dumb to read? How is this unreasonalbe - If I made a decent income for half a year, def not long term but has to be medium term, and I knew a small few amount of peope who did the same, how can you say I'm dumb enough to believe it. I believe it because made money - DERP? And good job qouting a site and suggesting betting every hand is a good idea. Get mad seriously. Stay here if you want to talk about trading & get lost if you want to be a d-bag.

Why get mad at him if one expresses some doubts about being able to make a living off of a negative expectation game unless, in your case, serendipity follows you around. And, the anecdotal evidence offered by you is not scientific evidence, and that makes all the difference in the world to anyone with a clue. In fact it's not evidence at all, just opinion, and everyone knows about the opinion and asshole correlation. But then again, some people win the lottery and that doesn't take brains either. Some people even think they have a good system for the Lottery despite the 50% vig right off the top.

Good luck with the journal and make sure to post results/P&L in real time for believability, as it's not beyond some at this site to make use of photoshop.

 

[Visaria]

Quote from sumfuka:

LoL

If you're so smart, why aren't you rich then? Look, it's not rocket science you piece of shit; some people win money and some people lose. Perhaps you're one of those people that always lose. It's really that simple.

What does my net worth have to do with your ridiculous statements, you moron?

Are you pissed or on drugs shithead?

You're about to win a prize, Stupidest Poster On Elitetrader.

Congratulations.

 

[Visaria]

Quote from LOgg:

Two guys taught me the basics (their parents played IDK how good they were) years before I stepped into the casino. I actually spent a few days at the casino to 'figure' it out.

Keep in mind you shoudl only bet when you believe you have a high probability of winning.

The more you bet the more chance you have giving your $ to the casino.

take a few weekends to study bacc I wouldn't be surprised if you figured it out yourself. I think that's as much depth as I can go into as much as I like bacc

Man, I am ROFLMAO!

 

[LOgg]

nokomisjeff,

Thanks for the reply. I'll be exporting the numbers to excel then attaching the doc like I did for monday. Only made one trade this morning because I had work. Took a short position based on one 1-min chart. Looking bad it was a risky trade but my mind set was set on the shorter term because of the 1 hour limit.

SPY 700 (54.00) 0.240 0.730 2.817 (57.79)

 

[LOgg]

Results for weds att'd.

Today was pretty smooth until the beige report. After it came out I figure I was on the right side of the market being long gld as well as SPY. The huge reversal came five minuites later. Not too sure what the lag was about but then again I dont have a lot of quantitative macro experience. Was holding way too heavy on the SPY around this time as well as reversing positions. Total spaz out. within that hour. Caught my breath with SNDK in and out many times. Near the end however I got out of trades too early I would have many $ on IBM but again i was holding too large of a position and couldn't bare any more loss. Sold at the top when it ripped, REally bad. Same near AAPL. My highs were $400 and I didn't not do a good job of protecting profits. I'm satisfied with the bottom line dollar amount today but dissapointed that greed took over last half.