GoodPunk6's Trading Journal

[ORM]

Your high size is burning your mind matey... You are being eaten day by day now.. Soon you are thinking to start increase size to take back the losses, and then your in a very dangerous trap.

Find an edge.

ORM

 

[Trader KGB]

Quote from BuddhaTop:

Where do you work? Is it a finance related position? Free MBA is a great deal. Doesn't it cost around 35k a year?

Closer to 40-45k/year for NYU I believe. I work for a Big 4, and a co. I know well just offered me an incredible deal. The free MBA is only a part of the package. What's nice is they have no GPA requirement for 100% tuitition reimbursement, nor a sign-on commitment thereafter (I except that to change b/c that is way too generous, and some walk pretty soon after).

It's much more an accounting related position than a finance one, with just a little FX thrown in. I'd prefer working more closely to the finance world, but a strong accounting background is pretty much a prerequisite for my long term goals (in the CFO direction..). It's paying far more than most comparable finance positions at my age (2.5 years in the field), so I can't complain. Not for long tho, I have friends a couple years ahead of me in the hedge world and they are making in the stratosphere.

 

[maxpi]

Here is a link to a simulator where you plug in your win:loss ratio and percent of winners and it shows some equity curve lines. Notice that if you put in 1:1 and 50% winners and plot a lot of lines that some accounts may have made money and some may have lost money with exactly the same strategy.

http://www.hquotes.com/tradehard/simulator.html


Max

 

[Trend Fader]

Goodpunk... u still daytrading?

 

[GoodPunk6]

YUP!!!!

Good Morning!!!

Some of you may have noticed that I haven't posted in two days. Well, a good friend of mine needed my help, so I was there for him. He has always been there for me so I had to return the favor. I didn't trade the past 2 days so I didn't think that it was necessary to post an entry in my journal.

I'll be trading from home more often now and I have the freedom to trade whatever I want.

Good Trading!

 

[naztrader]

So you quit that firm??

 

[GoodPunk6]

Quote from naztrader:

So you quit that firm??

??? No.

 

[chrisofj]

They have remote trading I think...

 

[kamdooo]

are you still trading the firms money?

If so, its nice that they would let you trade remote, and trade what you please. Ironic that when you were in the office, they limited you then as opposed to now.

 

[foxtrader1]

try to trade with the bar's, take a look at 5 minute bar, and the 1 minute bar, if in an up-trend if u will see that the next bar is penetrating the low of the previous bar the expect for a decline.