I have stopped trading futures

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Quote from Mike805:
My intention wasn't to give CW the benefit of the doubt, I'm just not a reactive person.
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Hi Mike

To tell the truth it didn't even sound like you were giving him the benefit of the doubt in your post; I was just saying that to try to get him to answer the quesiton, but clearing up his contradictions and lies isn't coolie-bop's strong suit. Sorry about the misattribution.

To put it in context, my Mother is bipolar and currently off her meds. . She thinks she's the smartest person ever and will never listen to another perspective
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Just to let you know, I've seen it and I know it's hard to see someone you care for doing that to themselves. Just one more thing - I would be willing to bet that your Mom actually is a very bright person. I know it's a massive generalization, but the vast majority of people that I've met who suffer from mental illness have been extremely bright. I hope she is doing better soon.
my goal was to explain to the potential newbies (whom I'm hoping read this thread for entertainment value only) a serious point: switching from one market to another will not make one a profitable trader. That's a fact. Understanding the cost of doing business is step one
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And you achieved it. I did the same thing on coolie-bop's other thread when he was spouting off about some weird strategies that no newb should ever try to emulate.
 
Quote from coolie-bop:
What you don't understand Mike is that I was trading consistently profitable in futures before I moved back to stocks and racked up 3 $1k+ days in a row in stocks!.
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Actually, Mike's post wasn't talking about that. What he was talking about was this
quote from coolie-bop
The Risk Reward on STOCKS is much higher then the risk reward on FUTURES
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Do you remember writing that? That was in the first post in this thread.

Mike was discussing this statement on your part.

So coolweb, we're all waiting for your reply. If possible could you cut and paste from Mike's post and tell us specifically why you disagree with it?

I'm curious to see if you actually know what risk/reward means. Cmon, man... at least try! Who knows, you may even end up winning the debate!

PS - You didn't tell us if you have managed to pay down the $340,000 credit card advance you said you took out in order to fund you trading account.
 
Quote from coolweb:

After careful analyzation

I just bought a CBOT seat which I find funny

obviously nobody knows what the hell I'm talking about

But you heard it here first.

The Risk Reward on STOCKS is much higher then the risk reward on FUTURES

the leverage means nothing in futures, in fact I never wanted the leverage.

Liquidity is a double edge sword. ( a huge double edge)

If you run the math, leverage means nothing in futures.

I have finished my futures schooling with A+ grades.

The risk and reward on the minis are not in your favor.

its a cakewalk trading stocks
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Hey coolweb

Just reading through the above quote from you is really interesting. I suggest anyone reading this post just glance up and check out some of the information in the quoted text.

Another thing I was wondering about. In your journal you challenged all comers to take a 2-1 bet with you based on your ability to take a $10,000 trading account and trade the ES for 1 week and make 30% return trading 10 contracts at a pop.

I remember you got 2 takers within about 10 minutes of posting that challenge.

What was the outcome - did you take their cash??
 
Quote from coolweb:

Does traderNik think he's smart posting up these dumb comments?

Didn't even bother to read over his rehash of other peoples post.

TraderNik who doesn't know trading from his ass can only talk about gossip.


If Mike805 has a question he will ask it himself. If I feel the need to answer him I will answer him.
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Actually, I was just wondering if you had paid off that $340,000 credit card advance?

Also, did how did you do with that bet you made? You had two takers - who won?

Lastly, you said to Mike

Quote from coolweb:
Your post was good, a nice well thought out one, I like it albeit wrong idea why I switched.

I'll post my reply after the market ends today.
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Ok - the market has closed.

What's your reply?
 
Hey folks:

Just a quick last comment here. Seems to me that you guys are providing a lot of "entertainment" to the rest of us, Coolweb included.

This thread reminds me of one of those wrestling shows on TV. The "bad guy" comes on, insults everyone, tells you folks what a bunch of losers you are, and verbally "struts around" proclaiming that he is the king of traders. And you folks fall for it.....:D I have to admit, it is a little bit funny how easy it is for him to hook you all.

I'm not claiming that he isnt serious. He may very well believe the crap he spouts, but thats really not the point. He's got you, like a fish on a hook. Its called control and most of you gave it up to him a while back....

Okay then, carry on as you were.

Steve
 
Quote from steve46:

Hello:

The attached chart and comment is for people silly enough to believe that there is any real advantage to equities over commodities. Check with your tax advisors regarding the 60/40 rule.. If you can trade (and that is really the question isn't it) then this market offers nice opportunities just about every day.

The "Split Open" has been traded for years by every experienced commodity trader around. Written about in Grant Noble's book "The Trader's Edge".

This particular thread is sort like watching kids arguing over who gets to play with the best toys. Really there is plenty to go around, no?

Long entry at 673 shows potential for 8 points profit so far. Perhaps Coolweb will show us his "selection skills" and post one that matches this?

Good luck folks

Steve
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I don't exactly like your trading method but whatever works for you.

I focus only on price action , I don't know about split opens or split personalities or split anything,
I focus only on price and volume and how it reacts upon certain important areas. I have these important areas marked out on the charts.


I don't have any MACD/CCI oindicators on my screen other then my custom made trend changer which I put together with price and volume myself on tradestation.


I can target an entry to the 3-5 penny for a $90 stock on exactly where to enter and down to the <b> 1 TICK</b> on YM


This can only be done with price action and a true 100% understanding of every single price movement.


BTW , I did post a trade on RAI, how'd you like it player?



Whats that you said about me not being a professional trader again? Whats that about my attitude?



"Bad Message board persona" Attitude means nothing to be successful.


Its all about the mind. Reggie Miller can be the most annoying alien lookalike but he can game your ass in basketball with his eyes closed.

, How old are you again?

I will give you the benefit of the doubt you are money as well since I like your friends Lefty's posts much.


You should know how success is achieved by now and its not through me playing around on a message board for fun and you thinking its reality LOLOLOL!



Don't judge a book by its cover.
 
You ask a lot of question for someone who knows it all?

I could give shit what you like and don't like.

I posted a chart, so what. Post one of your own.

I thought your trade (your example) was fine.

I thought my trade was just average. I would have liked to get to 5:1 risk/reward and I didn't make it today. Maybe I will get there tomorrow.

Frankly, approaching the business as a professional is important to me, but it doesn't have to be important to you. I can see that it is not. No problem here.

Bye,

Steve
 
Quote from steve46:



Frankly, approaching the business as a professional is important to me, but it doesn't have to be important to you. I can see that it is not. No problem here.

Bye,

Steve
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What business are you doing with elitetraders?

Are you conducting any transactions with other elite trader members ?

Are you actually doing business with other elitetraders?

Who are your customers on elitetrader? Who is your boss on elitetrader?


The fact is, there is no business on a message board. this is ENTERTAINMENT.
NOT BUSINESS

You have no clients on a freaking MESSAGE BOARD.

THIS IS ENTERTAINMENT


WAKE UP "BUSINESS TRADERS"

You are not doing M & A ACQUISITIONS face to face.

You are posting in your underwear on a message board full of whoopies who think they are the smartest cats around.


HAHAHAHAHAHAHAHAH


BUSINESS
TOOOO FREAKING FUNNNY.


LET ME BE PROFSSIONAL WHILE I GO BENCH IN MY UNDERWEAR RIGHT NOW.
 
Quote from steve46:

Seems to me that you guys are providing a lot of "entertainment" to the rest of us, Coolweb included.

He's got you, like a fish on a hook. Its called control and most of you gave it up to him a while back....
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Hi Steve

Always respected your posts here, but you may have this one half wrong, at least with regard to the second half of your post. I have started to use the ignore function for some of the people on here whose posts I no longer need to read, but coolio isn't one of them.

I think the entertainment part of it comes closer. I am simply doing this for the entertainment value in seeing coolio post his triple boldface lies. You have to ask the question - what would be the point of continuing to engage an anonymous individual on the internet? Certainly not to prove my point. I do know that there are a few misguided people in the world. If anyone thinks I am doing this because I expect coolio to repent and tell me I was right all along... well, that's just ridiculous.

In addition, I do the same thing to bullshitters I encounter in real life - I enjoy baiting them. What I most enjoy doing is talking to them as if I really dig what they are saying while at the same time telling them that they are full of shit. Just so that they know that we know they are full of s**t. Why do I need to do that? Don't like bullshi**ers, I guess.

I seriously question whether coolio is entertained by my posts. I don't think he is, not at all. My plan is to be so f**ing annoying that eventually he goes away.

Having said that, there are newbs reading this and they should be warned that

"This trade is going against me but I am letting the position ride, f**k it, it's house money, I don't give a shit"

is not good trade management.

So coolio - still waiting man!! What about that challenge you made, the one where you had two takers within 10 minutes? Did you end up taking their money? Did you win? Did you make 30% return on a 10K account in one week trading 10 contracts of the ES at a go?

What about that reply you promised us?

What about that $340,000 credit card advance?

WHAT ABOUT IT COOL???
 
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