im better than you

ninjastockman · Feb 27, 2008

Quote from ProfitTakgFool:

You're exactly right Lobster. The larger your account gets the harder it is to trade it. The good news is you don't need to put up numbers like 300% to make solid dollars. Heck, if you have a $1M account and do 50% in an entire year that's 500k. Sign me up

Why is that? Is it because of psychological reasons? thinking " Oh small money , I'll take big risks" ?

YoungOne · Feb 27, 2008

Quote from gnome:

LOL... with logic like that, you could become Fed Chairman!

Lmao.

ps0013 · Feb 27, 2008

If someone with a small account is using correct cash management and is trading shares in proportion to their account size, then it is an accomplishment. Weather he could accomplish the same thing with a mil$ account we may never know, but I don't think cashmoney would be the 1st millionaire to start w/ a $800 account

Lobster · Feb 27, 2008

Quote from gnome:

LOL... with logic like that, you could become Fed Chairman!

I'm not sure who edited this post. I liked the original version better. It brought my attention to the fact that Benjamin Shalom Bernanke's first 2 initials spell B.S. Can't argue with the facts.

Lobster · Feb 27, 2008

Quote from ninjastockman:

Why is that? Is it because of psychological reasons? thinking " Oh small money , I'll take big risks" ?

It must be in my case. I don't think 2 contracts as opposed to 1 makes a huge difference when it comes to liquidity in ES, hehe.

cashmoney69 · Feb 27, 2008

Quote from clacy:

Considering you've been registered to this site since 05 and you're excited about a $500/month and a total account balance of $800, I'd say that you're not better than many on here.

Now if you are a 15 year old, than excuse my comment.

If you can continue that pace and grow your account to $10k, then I'd give you credit for your trading.

and im STILL HERE, and getting better..actually that does have some bearing...considering the fact that most traders either blow up or go home after 6 months according to the "stats". Second of all I chose to have a small account for learning purposes.

Some of you talk about account size, and how that affects performance. Not in the fx market where average daily volume is about 2 trillion dollars.

ProfitTakgFool · Feb 27, 2008

No, it's like getting a mouse or an elephant through your front door. Either one can be accomplished but obviously one is easier than the other. The elephant just needs a bigger door - i.e. more markets, more triggers, more time (in the day), more research, more planning, superior execution, and the list goes on. Why does Buffett take days/weeks to buy a position? It's kind of tough to put 2 billion into a stock.

Quote from ninjastockman:

Why is that? Is it because of psychological reasons? thinking " Oh small money , I'll take big risks" ?

mgabriel01 · Feb 27, 2008

Quote from cashmoney69:

Im up 304% this month so far
--

sorry, i had to ego tripp for a second . Hope everyone does well in their trading.

is this your best $ month since 2005?

cashmoney69 · Feb 27, 2008

Quote from mgabriel01:

is this your best $ month since 2005?

well i dont remember all my months, but yes it is once of them.

last year, jan, apr, and june were all good.

clacy · Feb 27, 2008

Quote from cashmoney69:

and im STILL HERE, and getting better..actually that does have some bearing...considering the fact that most traders either blow up or go home after 6 months according to the "stats". Second of all I chose to have a small account for learning purposes.

Some of you talk about account size, and how that affects performance. Not in the fx market where average daily volume is about 2 trillion dollars.

OK, fair enough. It does take some heart to make it in this business. But, you were the one that made the claim "i'm better than you", so you should expect some push back.