Dustin
Registered: May 1999
Posts: 1605
02-10-09 10:20 AM
After all these years I'm still waiting to see some futures traders on the P&L thread with mid six fig's to match all the stock traders in that range. Futures traders must just be modest.
Tax advantages are only beneficial if you can make $.
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The reason future traders do not post in the P/L thread is because they know those that post in the p/l thread are either trying to help themselves (nod is an example), or the rest just stroking their ego by posting paper sim stuff.
Why would i need to post daily p/l for everyone else to see? Besides who says those are not ficticious? Do you believe everything you see in print? What gain would i receive from that unless i was planning to sell something? Futures traders are of a higher standard than regular old fashioned stock traders. Future traders actually get dressed and shave etc before trading.
The money is in futures and daytrading enhances that in spades. I picture future traders eating out at a really nice restaurant leaving a good tip while i picture stock traders dining out at WAFFLE HOUSE and slipping out with at best a quarter tip.
:eek:
Sunday is pick on stock traders day, ha. Truth be known, most elder future traders switched over to futures even before futures became the daytrading instruments of choice because stocks were dogs to trade in the 1970's. Once we tried futures we were HOOKED for life. (i hate to admit it but we could be in for a long period of dull small range trading for a couple or so years) (dust off the notebook about range trading , ha)
Future traders are less prone to bragging about the money than stock traders but they are much better at explaining what works and what does not.
cfferrett in the chat room said excel or this puppy could be used to makeup stuff to post in the P/L thread if one wants to bs others. :eek:
http://www.gimp.org/
CORRECTION: as spectra said , adobe photoshop can also be used, cfferrett said that, not excel. sorry cf.
PS: TA works best in futures because there are more players watching the same setups. Futures traders must be greater disciplined players than your average stock trader though. When we get a "RUN" in ES or NQ either you anticipated that "RUN" or you will be flat wrong or sitting there with no position watching price take off. Future traders are anticipitory traders where stock traders can be reactive. That should open a can of worms and frost a few stock traders.
