How many points do you do on the NQ per DAY
- Thread starter arthus
- Start date
...that is a classic! "Smart-assed remarks about other peoples' stupidity!" Cut and paste that for future use. I am reminded of my daily struggle to keep out of the class of "Truly stupid people don't know that they are." It occurs to me that, both of us being on the west coast and awake while the Yankees are sleeping, we can ruin any thread we think is "assnine" and doom it to Shit-Shat before anybody knows what has happened.
I personally thought that the thread question was highly relevant and would like to know what the distibution of true responses would be. I know that I don't make even a fourth of what I think I should be able to. Every @#$-ing night and all weekend I struggle to find ways to do better. But the law of diminishing returns seems to be taking hold. Throughout the opening hour I have numerous brain farts, but when I consult my statistical tables I invariably find that the patterns that look so good are actually sucker plays, but not market-makeable ones with my level of expenses.
I personally thought that the thread question was highly relevant and would like to know what the distibution of true responses would be. I know that I don't make even a fourth of what I think I should be able to. Every @#$-ing night and all weekend I struggle to find ways to do better. But the law of diminishing returns seems to be taking hold. Throughout the opening hour I have numerous brain farts, but when I consult my statistical tables I invariably find that the patterns that look so good are actually sucker plays, but not market-makeable ones with my level of expenses.
Who said someone was stupid? I said the question was stupid, not the person asking it. You guys must be from the school of thought that implies there is no such thing as a stupid question.
The best thing to do is tell the person not to worry about what Johnny "joe Trader" is making. You guys sound like the some of the traders at my old prop, that would come in the room midday and ask if we were up, what did we pull out of the market then proceed to explain what they did. Thank god for door locks.
what kills me is your responses to this guy. More responses from the working a fulltime job while daytrading this and that from my wireless laptop, no wait im mean wireless watch no wait from my home office with 8 screens and a sqwak box.
No one can just tell this guy that what one takes out of the market varies from person to person and that there is no true measurement or GUIDELINE to say,,,hey he should have taken 6 handles because Johnny trader 1 took 9 and Johnny trader II took 50.
Makes no sense what so ever to even try and tell this guy there is a % that he should go for, or a P&L range that he can follow.
The best thing to do is tell the person not to worry about what Johnny "joe Trader" is making. You guys sound like the some of the traders at my old prop, that would come in the room midday and ask if we were up, what did we pull out of the market then proceed to explain what they did. Thank god for door locks.
what kills me is your responses to this guy. More responses from the working a fulltime job while daytrading this and that from my wireless laptop, no wait im mean wireless watch no wait from my home office with 8 screens and a sqwak box.
No one can just tell this guy that what one takes out of the market varies from person to person and that there is no true measurement or GUIDELINE to say,,,hey he should have taken 6 handles because Johnny trader 1 took 9 and Johnny trader II took 50.
Makes no sense what so ever to even try and tell this guy there is a % that he should go for, or a P&L range that he can follow.
...no doubt you and I have different perspectives, though we both have day jobs. You appear to be more experienced than I am if you have traded prop. Not that it makes a shit, but where I am coming from is the zeitgeist of a mechanical system trader who continually seeks system improvements to pull more out of the market on a sound statistical basis. Therefore if Joe Dickhead makes more than me, I want to know by how much, and to try to figure out if he's just lucky or maybe he knows something I don't. I have corrsponded with many traders who are far better than I am, and I find that just knowing that it can be done is a powerful spur to discovering how they do it. As for the Phoenix, I offer no excuses. He's just a been-that-done-there disagreeable old bastard. He's so smart I still can't figure how he does it. Sumbitch won't tell, either! He's actually cutting you some slack, so consider yourself fortunate.