Hit and Run (Cooper) without an exit strategy?
- Thread starter FireWalker
- Start date
You didn't say anything. Are you offering to explain how 'real trading' works?
Price is moved. That movement requires trades and traders. Cooper was one of the leaders moving price, but was not the leader of the price movement.
Sure BUT I agree it's highly strange you would not know the others' approximate account size at all. Sharing trading strategies necessitates talking about size as well and that is highly a function of account balance.
And whether one has a house somewhere or not may have nothing at all to do with their trading acumen but may be related to their book selling acumen.
And whether one has a house somewhere or not may have nothing at all to do with their trading acumen but may be related to their book selling acumen.
That's true but I am not going to share confidential info of friends to random strangers.
I think he said they were together in an online chat. Its very common for folks not to share their P&L in a chat room. I don't know if Baron (ET) owner stores the archives of his chat room here at the forum but it was rare for folks to share their P&L, account size, position size or trades although a few did.
Yet, traders in an office would know by glancing over the shoulders of others in the office when you walked by their desk or listening in on conversations of others. Thus, folks just tend to share more when in person in comparison to a chat room.
You'll be lucky to get the person's real name in a chat room.
In contrast, traders in an office tend to get information about the other just by "observation". I traded in an office for many years and we all knew each other's name, food we ate for lunch, when we tend to go to the toilet, who farts the loudest, type of clothing being worn, who smelled because they didn't take a shower last night, who looked like they needed more sleep, who drank soda versus those that drank coffee versus those that drank a health drink, Profit & Loss, account size and many other things you typically do not know in a chat room.
People aren't hiding in a chat room. I think most just think its none of any body's business especially when others in the chat room are anonymous whereas in person as in an office...you're not anonymous...you just know (observe) the other persons in the office and you'll know what's going on including who farts the loudest.
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That is absolutely cool, and if you had stated so earlier and did not instead lie that you don't know then everyone else would have been cool with that, too. I personally could not care less what some book writers derive from trading and how they position their snake oil
All true but again, you can't really share trading ideas unless you talk size as well because implementation is dependent on size and size in turn is dependent on account balance. I am sure speedo was just being polite. I think we all know that book writers don't know shite about trading else they would trade and not write books. Why does everyone agree with this statement after some back and forth and only weeks later the same stupid discussion starts all over. For fuxx's sake...
I think he said they were together in an online chat. Its very common for folks not to share their P&L in a chat room. I don't know if Baron (ET) owner stores the archives of his chat room here at the forum but it was rare for folks to share their P&L, account size, position size or trades although a few did.
Yet, traders in an office would know by glancing over the others shoulders. Folks just tend to share more when in person in comparison to a chat room.
You'll be lucky to get the person's real name in a chat room.
In contrast, traders in an office tend to get information about the other just by "observation". I traded in an office for many years and we all knew each other's name, food we ate for lunch, when we tend to go to the toilet, who farts the loudest, type of clothing being worn, who smelled because they didn't take a shower last night, who looked like they needed more sleep, P&L, account size and many other things you typically do not know in a chat room.
People aren't hiding in a chat room. I think most just think its none of any body's business especially when others in the chat room are anonymous whereas in person as in an office...you're not anonymous...you just know (observe) the other persons in the office and you'll know what's going on including who farts the loudest.
No one writes a book about a highly profitable strategy because upside of trading that strategy is much more than profits from a book. Listen to Linda Bradford Raschke tell you that in no uncertain terms, from minute 40:00 to 41:45 https://chatwithtraders.com/?s=linda+raschke .
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The key to his success was being in the right stocks.. He would trade the smaller and midcap Momo stocks.. He never traded big size, maybe 2000 shares tops..it was back when you could read the tape and the specialist made the market..He was the real deal but things changed when they switched to decimals.. I think the guy that owned trading markets fucked him out of a lot of dough, then he switched to street.com and then Minyanville.His service was well worth it back in the 90's, now don't know.