It's been 3 years and I'm back!

[Handle123]

I wish I didn't let 33 years roll by before diving deeper into spreads, although I am not nearly into strategies as you have written, find it very informative. As far as my Long term system, been trading it since mid 1991, I don't use trend at all, I seek to sell extreme highs and buy 9 year percentage lows, I try to take as many add on trades I can, and some trades have taken up to 5.5 years to complete-many rollovers, so I stay in no matter what news events. Only time I have even changed from major rules was 9-11. Just today Live Cattle hit 102 that I had posted few days ago was reversal point I could consider and intraday was making right pattern and reversed/I hedge every opening, I been short since Nov 2014 after 5-6 tries. I manage risk and concentrate on only the risk, I know if I can manage risk well enough, the profits will come. And been able to get good enough to hedge open profits as well, but still need to get better.

I applaud anyone who trades well or trades in different ways to start dialogs on this Forum. I post cause I have much more time now, I find helping others generates more ideas and I always seem to come away ten fold. I think if folks put down their shields more, they can learn a bit more, trading are like steps, find something new to plug into trading is another step.

And I thank Baron for making a good forum that has lasted many years, he is here day in and day out maintaining the site. Like where else could we ever go? Our better halves start running for the door if we chat about our day, people reverse when they see me at stores, well maybe it is my happy disposition they run as well, LOL.

Starbucks time.

 

[nitro]

You know, I try really hard to give people the freedom to be themselves, but you're just a negative asshole. The thread starter comes on here with a legitimate topic and then you come along and wreck it with your negativity.

I'm so sick of hearing you whine about how stupid this site is, or how dumb all forums are, yet you're on here every damn day reading and posting. You go on and on about how all these "gobshites" are wasting their time here, but then you just continue posting and doing the exact opposite of what you supposedly believe.

So in summary, your condescending attitude sucks and I'm over it. So congrats, you just got yourself banned.

Go whine and complain somewhere else.

I actually understand that persons frustration, but people forget at least two things:

• This site is free to users but is payed for by advertisers.
• Baron has a difficult position of both trying to keep the eyes on the site, and at the same time trying to grow or at least maintain his business.

So my first point is, unless you are really offended by the way Baron runs this site, or you are really offended by what is posted on the site, allow people freedom to be themselves, even those people that are clearly shady (in no way am I suggesting this is a shady thread). Even though there is a strong internal evolutionary predilection for yelling, "snake in the area" to other members of our species, one thing that I think most of us learn as we mature on the internet is that we can't save everyone from themselves. To the rabbit the snake is the devil. But to the snake the rabbit is either eat or die. So psychology and "Predator-Prey" doesn't just play out in the markets second by second, it plays out in websites about trading second by second too.

There are many people that come on this site pretending to be successful traders, giving advice and often selling something. Just like anything else in life, no matter where you go people are constantly trying to sell you something. So one skill that you acquire as you mature is knowing when to simply calm yourself, and let people learn the hard lessons on their own. Remember Marketsurfer? He tried for years to "save" chartists from themselves, all to no avail.

If you have been here for a long time, you have seen the site evolve. One thing that I think has been a big boon has been the addition of forums and classifications withing those forums. So before, I would have to put up with people posting utter nonsense (imo) in certain forums. Now, I rarely if ever see or even visit those forums because they are not in my path of interest. Win-Win.

So I say, let people be themselves, and if it bothers you, as long as they are not really hurting anyone (except the lesson of emptying their wallet which everyone has to learn on their own), why not let them have their say? If the person is a wanker, the thread will die on its own anyway. If there is a way to improve the readability of the site and lower its frustration level, Baron is a good listener and suggest a way to make it better. There is often a tech solution to many problems - the ignore button being the holy grail.

Find your own truth, on ET or otherwise. Live and let live.

 

[J.P.]

And any super-successful person isn't naive enough to believe that he achieved his success all on his own. He knows deep inside that he had some help from other people along the way in a variety of ways.

Heed this; it is profound.

 

[justrading]

You know, I try really hard to give people the freedom to be themselves, but you're just a negative asshole. The thread starter comes on here with a legitimate topic and then you come along and wreck it with your negativity.

I'm so sick of hearing you whine about how stupid this site is, or how dumb all forums are, yet you're on here every damn day reading and posting. You go on and on about how all these "gobshites" are wasting their time here, but then you just continue posting and doing the exact opposite of what you supposedly believe.

So in summary, your condescending attitude sucks and I'm over it. So congrats, you just got yourself banned.

Go whine and complain somewhere else.

Well done Baron!

 

[Handle123]

Perhaps you should ask yourself why any successful business person would EVER sacrifice their time and resources to help others. They do it every day, so there must be a reason.

It's because some things in life are worth more than money. And I can assure you that helping others along their journeys by sharing your own successes and failures is one of those things. And you want to know why that is? It's because helping others gives you something back that money in itself cannot. And that's joy. It's a powerful feeling and anybody who's truly experienced it wants more of it.

And any super-successful person isn't naive enough to believe that he achieved his success all on his own. He knows deep inside that he had some help from other people along the way in a variety of ways. So it's only natural to express thanks by turning the table and helping others who haven't achieved a similar level of success yet.

I believe in my heart that 99% of the signals, reasons to not take signals, nuances, almost all of it was discovered before I discovered it or read about it, and much I found through backtesting. I think 99% of my time especially early on was backtesting something in background while I traded. I have gone to many seminars, some of the cheapest ones were the best and expensive ones did serve lunch and or dinner. There really only so many ways of working with price and some news. I think you make it to next hurl takes more perseverance than the other 95% of the traders.

 

[eganon69]

Well done Baron!

I know. That guy was such a jerk. He needed to go. It's one thing that he acted as if he is the greatest trader with all the secrets and that he had forgotten more secrets than anyone would ever know but it's another to constantly insult and belittle people with name calling. I don't mind people with different views and ideas...that's one of the many reasons I think we are here,...to learn something from everyone. Just some people with such negativity provide nothing of substance to a discussion and only inflame opposing views as opposed to helping people understand varying points of view as most others do.

 

[d08]

I wonder why would a successful trader waste his time and money (since time IS money) on forums like this talking to newbies?

For an at home trader, this can be socializing after "work".

 

[fordewind]

I know. That guy was such a jerk. He needed to go. It's one thing that he acted as if he is the greatest trader with all the secrets and that he had forgotten more secrets than anyone would ever know but it's another to constantly insult and belittle people with name calling. I don't mind people with different views and ideas...that's one of the many reasons I think we are here,...to learn something from everyone. Just some people with such negativity provide nothing of substance to a discussion and only inflame opposing views as opposed to helping people understand varying points of view as most others do.

Google 'one punch knockout youtube'.He`s for sure in one of them videos,among other 'heroes'

 

[1shooter]

You know, I try really hard to give people the freedom to be themselves, but you're just a negative asshole. The thread starter comes on here with a legitimate topic and then you come along and wreck it with your negativity.

I'm so sick of hearing you whine about how stupid this site is, or how dumb all forums are, yet you're on here every damn day reading and posting. You go on and on about how all these "gobshites" are wasting their time here, but then you just continue posting and doing the exact opposite of what you supposedly believe.

So in summary, your condescending attitude sucks and I'm over it. So congrats, you just got yourself banned.

Go whine and complain somewhere else.

I love a good fight, i think he was in a boxing position when you hit him with a sniper rifle.

 

[1shooter]

I made this thread 3 yrs ago when I was a little ding dong:

https://www.elitetrader.com/et/thre...make-over-1-million-a-year-at-my-firm.280041/

Feel free to ask questions but I'll get the most obvious ones out of the way now:

1. I'm still mostly Day Trading Futures (Bonds) and I am now about 5 times bigger than I was in Nov 2013. Dollar for dollar this means an average month back then would be $10-20k for a win month but that now means $50k-100k for a win month. These numbers don't mean I'm 5 times better. It just means I risk more. My Full black-swan stop was $20k back then but now it's $100k. That's it. It's not magic. I'm not trying 5 times harder. It's about Risk/Reward. We tend to focus on the Reward part right. Does Warren Buffet say "I made $1 billion!" or does he say "We made a good 22% p.a. return by the time we came to sell." In trading and investing, punching with $1000 can pack the same punch as punching with $1m.

Desk:

https://imgur.com/a/YNzlq

2. I theoretically ended my year in one trade.
Day candle of T-note chart (This happened off no Tier 1 data)
October 15th, 2014:

https://imgur.com/a/Qz2X9

This is a T-note chart, I was in a spread (not big size) and a Black Swan event happened. On no Tier 1 data or commentary, the notes went TRIPLE its biggest distance in 2 years. At the worst point it breached 10 times my stop, it exponentially snowballed from +$3,000 to -$440,000 and would've wiped my year to Zero if I exited (which I should have because I deserved it). This all happened in 3 hrs. I managed it back to -$120,000 which I was so happy about and akin to being glad you didn't lose all 4 limbs but only 3 in a car accident... I waited until the early birds would wake up, and I went Max Clip 30-minutes before they awoke from the Asia session. I was the only guy in there, and a weak one at that point. I was able to get loss of -$120,000 back to my set stop loss of -$40,000 and call it a career saved.

Anyway the lesson is, you need a Black-swan Full Dollar Stop because you need to admit at one point you do NOT know what is going on and you must survive to trade tomorrow. I broke every rule under the sun for that trade and that was my one "Hail Mary". I used my life line and never again.

3. From the original thread, there were 3 "Million dollar Traders". [2] of them evolved. Unsure about the last one, probably Stale at best.

Compared to 3 years ago, MANY people are gone. They couldn't survive anymore. Bonds, equities, outright, spreads. But it wasn't Luck. Also, newer people have come in and learned off the winners and taken on their good habits from the get go. So the old timers who refused to change ways, are gone. And the new kids, who don't have all the stale experiences, are learning the good things from the start. It's a cycle. I'm still here.

I could tell you why each person wasn't winning and is still winning. I'll share everything if you bother to ask the right questions.

===
P.S. I apologise for not being able to constantly reply to inbox messages. My brain, every day, is focused on not getting brutally raped. It takes a lot of zehn to be able to step back and reply to messages. I want to help as many of you as I can but I can only take so much.

Welcome back not that i am much of a welcoming party.