You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
My Path To Success
- Thread starter Lucias
- Start date
- Status
- Not open for further replies.
Quote from atticus:
Hey Sport, I had the top system for 3 years (all market orders in options). $4k to >$50k.
Congratulations...
I've decided to RESCALE my system down. Giving up thousands that I made in imaginary profits and understating what I've made my subscribers by many thousands of dollars too..
It was a hard decision to make but this is business. This is not about proving I can trade for a living.
Now I am beat down... now I must recover.
Lucias, paper trading is worthless except for developing a strategy.
The real question is can you pull the f$cking trigger with your real live money at stake ?
95% can't
Read and understand both before you trade live again
http://prismintraday.com/readings/Disciplined_Trader.pdf
http://www.trading-naked.com/library/Phantom_of_the _Pits.pdf
The real question is can you pull the f$cking trigger with your real live money at stake ?
95% can't
Read and understand both before you trade live again
http://prismintraday.com/readings/Disciplined_Trader.pdf
http://www.trading-naked.com/library/Phantom_of_the _Pits.pdf
I don't believe the Disciplined Trader. I don't believe in that. I took my losses right off the bat.. I try to instill in my trading a degree of recklessness. I value flow and harmony.. I do not like to wait for setups. Anything that involves waiting is for me to make into a system. I want my trading to flow from point A to B.
The only part I am disciplined in is my daily risk limit. I've read Phantom of the Pits.. liked it. I don't believe that either.
Thanks for advice.. can I pull the trigger? I don't know. For me, I'm more lazy (really I have to be efficient.. this is what drives my decisions often) then scared but trepidation sure. I was going to trade my system because it was going to be convenient. When I learned C2 would let me autotrade my system and waive the autotrade fees then it seemed ideal.
However, now I learn I can't do that unless I give up scaling in/out. I would be profitable without any scaling (or go 100% which isn't possible) ... I'd still have a chance to make 100% so that's not the problem. The problem is that C2 can't guarantee that they'll do what I do. This is unacceptable.
Can i do with my live money on line? Again I don't know.. It is hard what I do. I'm at elite performance. Can I trade better then 80%? Sure.. but can I trade at my best? I suspect so.
But can I trade my real money best worrying if C2 will keep me synched, giving up "easy lay up limits"/converting to markets.. apparently not as I've decided to delayed auto-trading for time being.
One thing I should make clear.. I have a # in mind that I want to hit this year. i can't do this trading what capital I have. 2x return wouldn't do it. 3x return wouldn't do it..even 5x return would not do it.. Point is if I can't hit my goal then I shouldn't be engaged in that activity... But on the other hand, I have worked for many years to do this. The money is almost insignificant compared to the great work I've done.
So its just a business decision.. but all decisions are based on unknowns. I can make enough money from my trading to be worthwhile. I believe I can make more trading in a best case then I can from running systems in a worst case. However in a best case for both scenarios.. I should be able to make a lot more selling systems.. which will give me capital to trade.
The only part I am disciplined in is my daily risk limit. I've read Phantom of the Pits.. liked it. I don't believe that either.
Thanks for advice.. can I pull the trigger? I don't know. For me, I'm more lazy (really I have to be efficient.. this is what drives my decisions often) then scared but trepidation sure. I was going to trade my system because it was going to be convenient. When I learned C2 would let me autotrade my system and waive the autotrade fees then it seemed ideal.
However, now I learn I can't do that unless I give up scaling in/out. I would be profitable without any scaling (or go 100% which isn't possible) ... I'd still have a chance to make 100% so that's not the problem. The problem is that C2 can't guarantee that they'll do what I do. This is unacceptable.
Can i do with my live money on line? Again I don't know.. It is hard what I do. I'm at elite performance. Can I trade better then 80%? Sure.. but can I trade at my best? I suspect so.
But can I trade my real money best worrying if C2 will keep me synched, giving up "easy lay up limits"/converting to markets.. apparently not as I've decided to delayed auto-trading for time being.
One thing I should make clear.. I have a # in mind that I want to hit this year. i can't do this trading what capital I have. 2x return wouldn't do it. 3x return wouldn't do it..even 5x return would not do it.. Point is if I can't hit my goal then I shouldn't be engaged in that activity... But on the other hand, I have worked for many years to do this. The money is almost insignificant compared to the great work I've done.
So its just a business decision.. but all decisions are based on unknowns. I can make enough money from my trading to be worthwhile. I believe I can make more trading in a best case then I can from running systems in a worst case. However in a best case for both scenarios.. I should be able to make a lot more selling systems.. which will give me capital to trade.
Quote from volente_00:
Lucias, paper trading is worthless except for developing a strategy.
The real question is can you pull the f$cking trigger with your real live money at stake ?
95% can't
Read and understand both before you trade live again
http://prismintraday.com/readings/Disciplined_Trader.pdf
http://www.trading-naked.com/library/Phantom_of_the _Pits.pdf
It's the puberty that just won't quit.
What's the purpose behind the one star thread? Controversy on the op?
"I try to instill in my trading a degree of recklessness. I value flow and harmony.. I do not like to wait for setups. Anything that involves waiting is for me to make into a system. I want my trading to flow from point A to B."
So you lack discipline and patience yet think you can trade successfully ?
Sheesh I give up.
So you lack discipline and patience yet think you can trade successfully ?
Sheesh I give up.
He predicts with uncanny accuracy. He doesn't need to wait. That's like telling Chuck Norris he needs to pick his battles.
Most traders are disciplined and most are losers. I don't believe that discipline makes a profit in most cases. Rules are restrictive. They are designed to prevent. Opportunity is abundant designed to enrich. Restrictions are most useful for gamblers.
A good analogy.. some musicians only learn to play the piano by rote memorization. Fewer can improvise.. a select few can make own music. I make own music.
A good analogy.. some musicians only learn to play the piano by rote memorization. Fewer can improvise.. a select few can make own music. I make own music.
Quote from volente_00:
"I try to instill in my trading a degree of recklessness. I value flow and harmony.. I do not like to wait for setups. Anything that involves waiting is for me to make into a system. I want my trading to flow from point A to B."
So you lack discipline and patience yet think you can trade successfully ?
Sheesh I give up.
As for the purpose.. I think the title makes it clear.. "My Path To Success"
3 years ago... I had predicted the market and had an amazing record but only recorded by email. My record was deleted. I had nothing.
12 months ago... I had never placed a live trade in the futures market.. Today, my signals have went out and produced live trades. My signals have captured points in live market. Last week.. I placed my own first trades in futures market.
It is pretty clear to me.. I've did pretty good starting with nothing but a sim trader to trading single accounts worth 100k.
And we're just getting started... but there are still more contracts that are available for capture. And as long as there are contracts available and I can still capture points then I will consider funding. But I'm not waiting either..
Today I also have funds coming in from my students. For first time, I am sharing my world class knowledge and helping others to have the opportunity to win too.
3 years ago... I had predicted the market and had an amazing record but only recorded by email. My record was deleted. I had nothing.
12 months ago... I had never placed a live trade in the futures market.. Today, my signals have went out and produced live trades. My signals have captured points in live market. Last week.. I placed my own first trades in futures market.
It is pretty clear to me.. I've did pretty good starting with nothing but a sim trader to trading single accounts worth 100k.
And we're just getting started... but there are still more contracts that are available for capture. And as long as there are contracts available and I can still capture points then I will consider funding. But I'm not waiting either..
Today I also have funds coming in from my students. For first time, I am sharing my world class knowledge and helping others to have the opportunity to win too.
- Status
- Not open for further replies.