How about making 40K on a 20K account in 2018 this month?
https://www.elitetrader.com/et/threads/my-trades.315067/page-55#post-4697793
How do successful option traders do it?
- Thread starter Johnmaine
- Start date
How about making 40K on a 20K account in 2018 this month?
https://www.elitetrader.com/et/threads/my-trades.315067/page-55#post-4697793
Did you read through his journal? At least read from page 45 to page 55, from #447 ($18K to start with) to #549 ($58.4K), that is $40K within a month. Actually he started with only 2K to reach about $160K in about 9 month. Incredible, ah?
No. I gave up after attempting to verify three trades.
The trades don't match the tape. It's another sieve. He'll never post an actual fill. I found three instances in the journal in which there was zero volume in the option trades that he posted. All three benefited in price in the the NBBO improved during the delay between trade/post. Those were just three trades. No volume and a time machine. I don't care if he's paper-trading, but the prices are BS.
I'm not a hater. I'd like to see someone post actuals to a journal, but the positions are fantasy. It's amazing how stuff not hitting the tape miraculously always goes up in price during his lag. He seems to have a 16 minute latency which assumes he's posting from our Sun.
Enjoy it.
Last edited:
For people posting ES or index future scalping trades, you can try to match the time stamp, but not in this case. He basically just present summaries of his trades after facts, so either you believe him or not, there is no way you can really verify them. I trust him based on my judgement from my experiences following lots of people's journals and you can tell to a great extent that people are faking or not.
What you trust is irrelevant. He posts with the benefit of hindsight. He posts trades when no volume has occurred. He will never post an actual run.
That's interesting. Why won't his trades appear on the tape?
You suggested he was faking it and post hindsight profits without real trades. I can tell you that I see many people and tons of hindsight trades on ET, but this is not. Faking on ES or Forex trades with hindsight profits would be much easier. I can tell from the dynamics and flow of his trades and these are not faked profits.
Oh bullsh*t. "Dynamics and flow." Yes, posting ES trades would be easier in that you can fake volume. You cannot fake volume when none exists. I don't care about the volume per se, but the fact that he posts after the move. I don't get the delay.
I've got a $1,000 here for him if he can show a starting and ending balance that proves his run. I paid off on a $1K bet to Poindexter a few months ago.