Yep. And unfortunately this kind of story gives those looking to find blame ammo for nailing us all with a huge trading tax. These bozos are seen as a plague on the system, not simply as liquidity and grease for the market, as 90% of these cowboyz eventually fail and donate all of their money.
Man makes 50k like it was nothing. You 2 can be a pro
- Thread starter stock777
- Start date
Pope Benedict had a stroke before he became the pope. You 2 can become the pope if you have a stroke.
great killing. He seems way too emotional though. That cant be good for his health.
I know for S&P futures its best to offset at end of day. However, for what i trade, usually when a strong range breaks, itll usually continue for another day or so.
Those r what i live for. Even with a home run, im never satisfied as there r areas of that trade that could of been improved.
I know for S&P futures its best to offset at end of day. However, for what i trade, usually when a strong range breaks, itll usually continue for another day or so.
Those r what i live for. Even with a home run, im never satisfied as there r areas of that trade that could of been improved.
Money management is easy when you're moving a few thousand shares. Try trading real size and you will see that sometimes it's not that easy to take small losses when you're on the wrong side of a move.
I don't think that trader "killed it" at all. Like I said before , 500k from Sept-Nov (the most volatile period in the history of U.S. markets) is nice, but hardly "killing it".
Some guys made enough trading those 3 months to never have to worry about money again (8 figures).
Furthermore, I dont see how a 100k swing in a 2m+ account show that they dont have money management. Thats around a 5% loss.
There isnt always a close place to put a stop when u r trying to trade a pattern.
One has to give the market enough room because even with a small break of support or resistance it might bounce back before making a bigger break.
Sometimes there are false breakouts and those r the ones that can hurt and thats the risk one has to take.
Sure, the way he trades, hes gonna take 100k losses here and there. However, when it goes his way, he is aggressive and that makes up for all his losses + a lot more.
Well, he probably has a lot more areas he can improve in with money management but his performance has shown that he is not completely incapable in that area or else he would have blown his account long ago.
There isnt always a close place to put a stop when u r trying to trade a pattern.
One has to give the market enough room because even with a small break of support or resistance it might bounce back before making a bigger break.
Sometimes there are false breakouts and those r the ones that can hurt and thats the risk one has to take.
Sure, the way he trades, hes gonna take 100k losses here and there. However, when it goes his way, he is aggressive and that makes up for all his losses + a lot more.
Well, he probably has a lot more areas he can improve in with money management but his performance has shown that he is not completely incapable in that area or else he would have blown his account long ago.