Inventory Grab Alert 4/30/09!

Status
Not open for further replies.
Banging out 5 handles a day in ES is NOT earth shaking big deal.

I am not making a claim either because i am not about to argue with the ET "rat pack". But i will say it is easier said than done to keep increasing your size of trades just because someone is consistent.

Increasing size is a whole new ball game. A different emotional level. It sounds easy but lets say for example you trade 20 cars a trade. Thats a grand a handle. Now recall a few months or a year ago we were seeing 50 handle swings quite often. You take a person that was lucky in their life as a working stiff to make a grand a week on a consistent basis and throw them in a game of chance where he can make or lose 10 grand in a couple hours and see how well he/she handles that.

Some are naturally pre-wired, conditioned for that kind of action, but most are not.
 
Quote from Michael.jstocks:

and just for the sake of it, here's todays trades. 4 trades, 4 winners totalling 5.8 ES points.

RBS broker uses the oanda platform and draws those arrows etc on for me.

That's it from me. Was only after answers - Wasn't trying to start anything. I'll go back to just observing this brilliant thread.
More...

Looks good Mr. Stocks.

IMO, markets can take on these characteristics: Trendy vs Rangey, Volatile vs Quiet. And of course, this all depends on what timeframe you are inspecting as well..

If you can deal with all permutations of the market and still produce 6 pts a day on average. You're doing great!
 
Quote from bighog:

Banging out 5 handles a day in ES is NOT earth shaking big deal.
More...

A little simple math goes a long way:

5 ES points per day times 250 trading days a year (not counting Sunday nights) is 1,250 points pure profit.

At 1:1 leverage (i.e. cash) that's 139% returns on equity at ZERO leverage. (Index at about 901 right now).

I wonder why there are so few ACTUAL fund managers and large traders that get even close to that figure, especially because most are paid an incentive on performance.

Ken More claims DOUBLE these returns per day, at least, consistently over the last 7 years. (The rest of humanity consists, in his eyes, of losers that envy his achievements).

What if we add leverage?. mmmmm. I think we are looking at the real Warren Buffett shining Ken's shoes. No?

JW
 
Quote from Whisky:

A little simple math goes a long way:

5 ES points per day times 250 trading days a year (not counting Sunday nights) is 1,250 points pure profit.

At 1:1 leverage (i.e. cash) that's 139% returns on equity at ZERO leverage. (Index at about 901 right now).

I wonder why there are so few ACTUAL fund managers and large traders that get even close to that figure, especially because most are paid an incentive on performance.

Ken More claims DOUBLE these returns per day, at least, consistently over the last 7 years.

What if we add leverage?. mmmmm. I think we are looking at the real Warren Buffett shining Ken's shoes. No?

JW
More...


Aww, Whisky, the fantasy is so much more entertaining than reality, why such a kill joy? :D
 
Whisky
You are totally correct, most fund managers can not trade decent at all, maybe that is why they are forced to work for others. I never once hoped to be a fund manager because one of the main reasons i was attracted to trading was the possible ability to tell corp America to fuckoff for good. Why would i want to trade OPM?

Fund managers are losers, they are compared to their peers. Loser against loser.

If the math of winning scares you as much as it seems maybe you should consider another line of work. Compounding, leverage, who needs that? I am not forced to trade any more than my comfort level at any given time.............. Do fund managers have that priviledge? I have no one to answer to and like it that way. Fund managers are jusy ordinary worker bees, be they be in a car factory or doing OPM. Screw that.

By the way, i have said before amtswa does a good job calling levels, good stuff. being able to trade those with some of the heat ...........no thanks i an not that close friends with the devil to stay in the oven.

Lighten up whisky...............trading is not that difficult after about 10 years. :D

PS: 240 days a year, not 250. trade on Sunday nights? What are you goofy or just nuts?
 
Quote from bighog:

Whisky
You are totally correct, most fund managers can not trade decent at all, maybe that is why they are forced to work for others. I never once hoped to be a fund manager because one of the main reasons i was attracted to trading was the possible ability to tell corp America to fuckoff for good. Why would i want to trade OPM?

Fund managers are losers, they are compared to their peers. Loser against loser.

If the math of winning scares you as much as it seems maybe you should consider another line of work. Compounding, leverage, who needs that? I am not forced to trade any more than my comfort level at any given time.............. Do fund managers have that priviledge? I have no one to answer to and like it that way. Fund managers are jusy ordinary worker bees, be they be in a car factory or doing OPM. Screw that.

By the way, i have said before amtswa does a good job calling levels, good stuff. being able to trade those with some of the heat ...........no thanks i an not that close friends with the devil to stay in the oven.

Lighten up whisky...............trading is not that difficult after about 10 years. :D

PS: 240 days a year, not 250. trade on Sunday nights? What are you goofy or just nuts?
More...

I agree with you. In fact, from today I have decided to agree with everybody in matters of trading (in the hope I can reduce the number of hate PMs that I get, and become a more likable, positive thinking fellow that fits in with the status-quo).

As I can't do anything half-arsed, herewith I present my newest trading plan for all to enjoy and perhaps attempt to emulate:

1-I will make friends with Ken More and apologize profusely for ever doubting his magnificent 100% winning track record.

2-I will then convince Ken to let me copy his laptop contents into mine, and to let me take pictures of his toilet and finishings of his crapper.

3-If Ken still resents my past behaviour (highly probable), then I will copy one of the dime-a-dozen hindsight trading methods presented in this and many other forums that consistently make an average of 10-15 ES points per day realtime.

4-I will take a cash advance of $1,000.00 on my nearly maxed out credit card and open an account with one of the fine brokerage firms that allow anybody to trade 1 ES for each $500 in margin deposit. This will allow me to start trading with 2 contracts.

5-I will then proceed to make an average of 10 to 15 points per day per contract. Effectively doubling my trading account once per day on average. The process of doubling size has been completely simplified to dialing an ever increasing digit in the "default size" window of my trading platform.

6-Then, after 50 days of doubling size (and equity), and having run out of counterparties to trade with on Earth (since I took all their money, including that of governments, countries, central banks, and all the other traders on Earth (except Ken)). I will make my master move:

7-I will trade Earth to the martians, and put in a bid for Jupiter.

And then...

My wife wakes me up AGAIN and says: Honey, you are having trading nightmares again, please start packing the bags, since we have to catch a plane. You also have to write a check to pay for the additional vacation expenses that we discussed before.

Then I say: Thank God yesterday was also a profitable day. Let's see if I can end up the year positive after all these expenses.

JW
 
Quote from Whisky:

I agree with you....................

And then...

Then I say: Thank God yesterday was also a profitable day. Let's see if I can end up the year positive after all these expenses.

JW
More...

good morning Whiskey,

I see that you have not allowed your tenuous grip on reality to dampen your enthusiasm for trading in any way.

This is a very good sign, as too much of societies reality can and will send you off in completely the wrong direction.

sosueme
 
Whisky

You are still confused and fail to understand the difference between half-arsed as you say and being a smart-ass.

You as a mod is like making the school bully in grade school the HALL monitor. You will always have a problem with your new authority because this is the first time in your life you feel you are larger than a piss-ant. Do you wear the hall monitor arm band as you fire up your all empowering pc?

Your real forte should be in politics and religion thread. You are certainly out of your league in a trading thread. I am a fan of amtswa from the chat room as a good guy to joke with, he could dish it out as well as take a joke. You failed in that as well as not knowing shit about trading. Amt is a player in the game not the answer to the game. Real players can spot clowns like you that are still grasping for the brass ring. You will become smitten with any ray of hope to correct your own failings. That is no cause for you to assume because you failed that no one else can be a good winner. That attitude toward others will hinder any chance you will ever have at making progress.

You can respond as surely you will, but be advised i am through posting about you because i do not like half-arsed smart asses.

:p HOG OUT
 
Status
Not open for further replies.
Back
Top