ES Journal Archive (2006 - 2008)

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jander, I did not call anyone out. Nor did I ask anything of someone else I haven't been willing to do (and have done in here) myself.

I don't know if two or two thousand traders hit this thread, so maybe the point is irrelevant. Maybe I'm the only one who wonders, and asked the question "why".

Why go thru all the effort of multiple posts & trades calls daily, sharing every detail except for the most fascinating one of all: $$$ in the account?

Perhaps it's just me, but I simply don't understand why taking the one final step just doesn't happen.

On a similar note, it was enjoyable to see lescor, chauncey1, heavyhitter and not4kids posting blotters in the other thread. There are some guys posting blotters over there now which inspire many.

None of those traders post any trades in this website, yet they opt to share results for whatever personal reasons. By the same token, numerous traders here share every detail but results.

Just curious, that's all. Not a callout. Don't mind me :)
 
Its all good! There are quite a few of the most knowledgable folks on this forum in this thread, apex, spectrum and b1s2 to name a few. Quite a few new ones coming on lately as well, blotters are posted occasionally, not by request but just for the hell of it it seems

I just found your request strange is all, I am by no means trying to police this journal. If you read regularly you know quite well who is full of it and who isnt.. I think points/contract is the best measure of performance tbh.. People who are excited by high $ blotters are the ones that dont understand what it takes to get to that point in my opinion, and are prone to blowout if they try to achieve the same. Dont mind me either, just here to learn...
 
Saxon, a sincere congratulations on your success. May it last forever and a day!
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ANS.
It probably will not, nothing does, but I am enjoying the ride and hoping that when the storm comes, the damage will be minimal.


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On a similar note, a lot of people post contract size, specific entry and exit details in this thread. It would be monumentally inspirational and helpful to all of the aspiring traders who read these words if those reported trades were reflected in trade blotters attached.

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I do post contract size, and specific entry; all live, most of the time.
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Something that shows $$$ made, be it a snippet of the actual account or trade platform would make a world of difference.

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Would only make a world of difference to those who are in doubt about my honesty and integrity. My word, written or otherwise will have to suffice. If it does not, then there is not much I can do to rectify your doubt.

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Many here go to great lengths and numerous posts detailing significant trading success. Why not polish it off with the pudding's proof?

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The reason is that I am not like the "many" you speak of. Just because everyone else is doing something, does not mean that I will follow. I graduated H.S. long time ago Austin and peer pressure did not work then and sure as hell ain't going to now.

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# of contracts traded or just real dollars profit in account blotters are always most welcome indeed by the readers who aspire to learn here. One tiny little extra step, and the real dollar results are there for all to admire & aspire towards.

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No need to sugar coat it Austin. I am not trading to be admired or to have others aspire to be like me. Like I said before, times where things like that were important to me are long gone. I trade to put food on my table so that my two sons could have a decent life in USA.

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Congrats to all on the bonafide trading success :p [/B][/QUOTE]

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As opposed to what kind of trading? If you are having doubts about my numbers than just say it.
I am trading and making $$$$$$ so that and my family would have a better quality of life. If some people do not believe my numbers, think it is a put on, then that is their problem. I have already presented my system on this thread and everyone can use it back test it and tweak it till cows come home.
I am here to learn from other traders who regularly post on this thread and that is it. My ego is not the size of Texas and if somebody thinks I am full of shit than that is their prerogative. I could not care less. I never said to anybody on this thread: hey look this is what I am doing. This is the Holy Grail and I challenge you if you disagree.

Quiet the contrary, for a long time I was reading and watching the guys on this thread trade. I read many other threads, websites, books and videos and the end result was my little puny, gambling, no edge, high risk, crazy, system. So far it had made money for me. SPM did not, other systems did not, but this one is putting $$$$ in my packets.

Now, I do not have enough experience to predict whether this is it, but so far it is. Maybe one day I will blow out and will have to give up and start from zero, and maybe even employ your services. You never know, life is funny like that sometimes.
 
Let me say what I mean another way:

People who take the time to post online, any thoughts at all have something to sell. Money = currency is not the only payoff exchange for time and effort. Matter of fact, money is not even the most important reward for most sales.

"Recognition & praise... babies cry for it and grown men die for it" <i>Mary Kay Ash</i>

Traders who don't care to share accomplishments with others do not share anything... they are silent. The rest of us who put our ideas to print have something to exchange. Furtherment of others returns a reward of shared achievement in the process. All of us, every person in any public forum with no exceptions invests time (our only wasting asset) in exchange for some degree of ego gratification.

Every exchange between two people involves a sale. Money is not the only currency, and often least desired. Recognition & praise are two rewards which usually trump money. The exchange of time (our only wasting asset) invested here to demonstrate trading prowess by anyone has some personal payoff. Adding a blotter to demonstrate actual results doesn't seem to require much effort, and adds measurably to the personal reward.

That's all, nothing more. I'm indifferent, just curious. It's my nature... I'm fascinated by human behavior.

*

My road from ignorant newbie to where I am tonight was long, hard and painful. I blew out accounts, a couple of big ones along the way. There is no shame in that, I doubt many if any veteran traders reading these words have not done the same.

The only blowout that matters is our final one. That's the one to avoid.

Saxon, you might trade a number of different ways and make $$ millions in the process. I only offered words of warning, if necessary, out of sheer concern. Perhaps they are not. I followed your posts in demo-trade thread and rooted for you all the way.

No one, not a single person on earth has more empathy & sympathy for aspiring traders than I do. This profession is a continual journey of evolution, with no final destination. In my case I've retired from trading the ER and shifted to ES after much consternation. You know what? I freakin' love it!

Should have made the switch long ago, for many reasons. ES is a tad easier to trade than ER, and can handle more size than I'll ever press.

We'll see what happens when the CME/CBOT and ICE launch their small cap / midcap symbols' war next month. Unless something dramatic changes the picture, I'll trade ES for the rest of my intraday career. Full circle from OEX/SPX options in mid-1999 to ES in mid-2007.

Please carry on... as you were. I meant no harm... ever :D
 
Hey Austin,

Haven't seen you around lately hope all is going well with you. I would like to partially answer the question you have asked. It is a fair question and at one time I asked it as well. Early on in this journal I asked B1 this and he said he didn't want this journal to turn into a place where one person is trying to one up everyone else. So instead of posting a blotter which is easy to fake he wanted people that would make live calls and post a chart showing why they were entering that particular trade. I thought enough of his answer that I made the same request in the journal I used to do as well. Hope this is the answer you were looking for.

Good Trading To All,
Gary
 
As an occasional lurker on this thread during the day, I have to give props to the guys that constantly post real-time trades. I honestly don't know how you can do that consistently and manage the positions. I suppose it depends on how you trade as well, but I know when I get a setup I am looking for, I usually have 5-10 seconds to act to get my ideal entry. Doing that and trying to post here in real time would be difficult to say the least. Again, just giving props where they are due. The guys posting consistently here AND making money deserve an applause and recognition for making this a useful thread.

Keep up the great work guys and I'm sure I speak on behalf of the many lurkers on the thread when I say major props for consistently posting here in real-time and making money.
 
Quote from austinp:

Let me say what I mean another way:

People who take the time to post online, any thoughts at all have something to sell. Money = currency is not the only payoff exchange for time and effort. Matter of fact, money is not even the most important reward for most sales.

"Recognition & praise... babies cry for it and grown men die for it" <i>Mary Kay Ash</i>

Traders who don't care to share accomplishments with others do not share anything... they are silent. The rest of us who put our ideas to print have something to exchange. Furtherment of others returns a reward of shared achievement in the process. All of us, every person in any public forum with no exceptions invests time (our only wasting asset) in exchange for some degree of ego gratification.

Every exchange between two people involves a sale. Money is not the only currency, and often least desired. Recognition & praise are two rewards which usually trump money. The exchange of time (our only wasting asset) invested here to demonstrate trading prowess by anyone has some personal payoff. Adding a blotter to demonstrate actual results doesn't seem to require much effort, and adds measurably to the personal reward.

That's all, nothing more. I'm indifferent, just curious. It's my nature... I'm fascinated by human behavior.

*

My road from ignorant newbie to where I am tonight was long, hard and painful. I blew out accounts, a couple of big ones along the way. There is no shame in that, I doubt many if any veteran traders reading these words have not done the same.

The only blowout that matters is our final one. That's the one to avoid.

Saxon, you might trade a number of different ways and make $$ millions in the process. I only offered words of warning, if necessary, out of sheer concern. Perhaps they are not. I followed your posts in demo-trade thread and rooted for you all the way.

No one, not a single person on earth has more empathy & sympathy for aspiring traders than I do. This profession is a continual journey of evolution, with no final destination. In my case I've retired from trading the ER and shifted to ES after much consternation. You know what? I freakin' love it!

Should have made the switch long ago, for many reasons. ES is a tad easier to trade than ER, and can handle more size than I'll ever press.

We'll see what happens when the CME/CBOT and ICE launch their small cap / midcap symbols' war next month. Unless something dramatic changes the picture, I'll trade ES for the rest of my intraday career. Full circle from OEX/SPX options in mid-1999 to ES in mid-2007.

Please carry on... as you were. I meant no harm... ever :D
More...

The reason I decided to post my trading on this forum was because I value the opinions of many traders that frequent this part of ET. As a result, I have been rewarded with many ideas, words of caution, advises and suggestions. This thread is one of the few ones where people try to help one another and are mature enough to keep the silliness at bay. I just think that it is the best thing on ET during the trading hours and I want to be a part of it. I love the fact that most people on this thread are mature and excellent traders. Hope to learn from them all.
Austin, you are a good lad and you have been supportive of my efforts for which I thank you. Moreover, do not be a stranger and by all means I am looking forward to your comments questions, doubts and anything else that you think I should do in order to become a trader. I am open to criticism and if it does not kill me (and I know it will not(, it will only make me stronger. So gather them bullets and fire away. :D :D :D
 
Quote from austinp:


Why go thru all the effort of multiple posts & trades calls daily, sharing every detail except for the most fascinating one of all: $$$ in the account?
More...

Some of us are far too modest and are not here for ego gratification, but rather to exchange ideas and to learn something (how other traders trade, either successfully or not). I for one LOVE it when someone challenges me (in a friendly way, of course) and makes me reconsider my own perceptions. I respect those who make me think.

Ideas--or should I say, well-supported, well-articulated ideas--fascinate me. Good ideas can come from newbies, whereas some who have been in this business might have little to offer.

As for money, there is one former hedge fund manager who made millions while managing OPM but offers little in the way of worthwhile, well-thought out ideas (for me, at least). Yes, him.

There is no one in my circle of friends who trades, so I cannot bounce ideas off of them. So I do it here, when I have time.
 
notice how the price collapsed a few hours after apple earnings came out, very predictable from a counterintuitive sense. The market will close on its lows on the close of trading this week.
 
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