Man, Trading Is Depressing Now; No Energy
- Thread starter ByLoSellHi
- Start date
There are some interesting comments being offered here, and I appreciate it.
I do think I'm probably too diversified for a market such as this, Mvic.
Dr.Steph, I don't take any offense at what you said, because what you said about how easy it is for you to succeed in this market is exactly the opposite for me - it's not that I'm losing money, I'm just barely keeping my head above water, while doing more research and work (a point picked up on by dsg), and it's demoralizing.
Some of you touch on stress management, too, and that's relevant. If nothing else, doing an hour or so on the elliptical once a day would help refocus my mind.
Someone also said this market is hard even for traders - because of the many, many intraday, large sized, sudden reversals - okay this is where I am going to challenge some statements, and I may be wrong, but consider this -
Some of you have said this is a fantastic market, and the kind that's giving you as money opportunities in a day as you'd only ordinarily see in a month.
In theory, it's clear that with the indexes moving into the red and green, sometimes by 1% or more, many times a day, and suddenly, it is a theoretical 'trader's paradise.'
From a mathematical and % standpoint, that's insinuating you're batting better than .500 on all of the trades your executing. OR - if your batting less than .500, you're winners are outsized compared to your losers, by an amount large enough to compensate you financially for the greater % of losers. I'm sure if this IS the case, you've got fantastic systematic management with stops and such. That's great. I can't comprehend that given the conditions I see, which doesn't make it untrue.
I like to see more people make money, not less. More people making money doesn't hurt me, regardless of how I'm doing, while less people making money doesn't help me, regardless of how I'm doing.
But, if you're truly making easy money in these markets, and have been doing so consistently for some time, on a trading basis (not a long term short-biased position or positions such as beginning to short LEH or FRE 6 months ago) - well, then I have to commend you, while being in awe to nearly the point of skepticism.
That's not meant to imply I think there's less than truthfulness in your claims. It's just that outside of the trades that have been concentrated and trending in a clear trend for some time, like financials to the downside, or energy to the upside (to name two examples), with increasing trading activity, isn't all but mathematically certain that your chances of reaping consistently profitable trades decreases with frequency of the trades you're making?
I do think I'm probably too diversified for a market such as this, Mvic.
Dr.Steph, I don't take any offense at what you said, because what you said about how easy it is for you to succeed in this market is exactly the opposite for me - it's not that I'm losing money, I'm just barely keeping my head above water, while doing more research and work (a point picked up on by dsg), and it's demoralizing.
Some of you touch on stress management, too, and that's relevant. If nothing else, doing an hour or so on the elliptical once a day would help refocus my mind.
Someone also said this market is hard even for traders - because of the many, many intraday, large sized, sudden reversals - okay this is where I am going to challenge some statements, and I may be wrong, but consider this -
Some of you have said this is a fantastic market, and the kind that's giving you as money opportunities in a day as you'd only ordinarily see in a month.
In theory, it's clear that with the indexes moving into the red and green, sometimes by 1% or more, many times a day, and suddenly, it is a theoretical 'trader's paradise.'
From a mathematical and % standpoint, that's insinuating you're batting better than .500 on all of the trades your executing. OR - if your batting less than .500, you're winners are outsized compared to your losers, by an amount large enough to compensate you financially for the greater % of losers. I'm sure if this IS the case, you've got fantastic systematic management with stops and such. That's great. I can't comprehend that given the conditions I see, which doesn't make it untrue.
I like to see more people make money, not less. More people making money doesn't hurt me, regardless of how I'm doing, while less people making money doesn't help me, regardless of how I'm doing.
But, if you're truly making easy money in these markets, and have been doing so consistently for some time, on a trading basis (not a long term short-biased position or positions such as beginning to short LEH or FRE 6 months ago) - well, then I have to commend you, while being in awe to nearly the point of skepticism.
That's not meant to imply I think there's less than truthfulness in your claims. It's just that outside of the trades that have been concentrated and trending in a clear trend for some time, like financials to the downside, or energy to the upside (to name two examples), with increasing trading activity, isn't all but mathematically certain that your chances of reaping consistently profitable trades decreases with frequency of the trades you're making?
If a stock is going to zero it doesnt matter that is down 30%, you will make 100% on your position. Just find a few likely zeros, wait for a bounce then hammer it, if you are wrong, who cares. I recently short more MBI, stock is trading at some ridiculous 0.4 of book value and off some 90%, I dont care, its going to $0, if im wrong then im wrong, what's the big deal
depending on the table of course....
also if one only plays the strongest hands others will soon catch on...and they will push you out of every other hand that may have been a winner or fold to any raise...so in poker your objective in to plant seeds in peoples minds...and work the people on the table....the cards like the market cant be controlled...peace....
Doing great here, My shortpositions are doing great. My one long is doing great as well 