No Bullets....vix At 16 And Collapsing

Fellow traders,

The fact is: this is, and remains, a very tradeable market. Not being one to post frequently on ET, I have decided to share my trading results for February, keep in mind that January, December, and November echoed very similar results.

The key to trading this market is to have multiple strategies, (I trade 5 different strategies just on the open), leverage your time and your edge( through automation), exercise patience(know when to hold em'), and discipline(know when to fold em'). The same forces that have moved the markets in the past are still present, and as long as fear and gread remains part of human nature, there will always be opportunity for traders.

To the traders who are struggling, I have been there before, and know exactly what you are going through. If you are struggling, change what you are doing, find a new style, search out a mentor, go get some training, and most importantly, get around someone who is making money.

Change is not something to fear, it is something to embrace. I wish all of you good trading in 2004.

Mike
 

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Quote from sdtrader:

The last thing I wanted to do was make you feel like shit. Believe it or not the only reason I posted anything to this thread was to let people know it is not hopeless.

And for the record, we are talking about 2 months into the year. Who knows how everyone will end up in december. And like I have said three times now, this dude is an OUTLIER. You are absolutely right that it is not easy and a lot of people can't do it. Some people just see things and have a different temperament for a certain kind of style. He is kicking the crap out of me and I certainly have more experience than him. But hopefully I will catch up in the next few months.

Plugging away for being net profitable is a very good thing. You are not wrong to be cautious right now. When the market picks up you will be a better trader for the discipline you obviously have. Like I said, it was not my intention to make anyone feel like crap. Point simply being that DT is not dead and things can only get better.

Have a great time with drinking and good luck with the hot slut......one of these days I would love to get out to NYC.
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Yeah I know you didn't mean to make anyone feel like crap but thats just some shocking info you know. You guys are obviously are doing some sick trading. Would be nice to find a group here like that.
 
Quote from Mecro:

Yeah I know you didn't mean to make anyone feel like crap but thats just some shocking info you know. You guys are obviously are doing some sick trading. Would be nice to find a group here like that.
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If you do a few days swing at IDSA or RIMM and load it up with 10,000 shares block, you can have some unbelievable numbers too!

i wonder how many prop shops let people do that.... Even at 80% cut, it would be great.
 
Quote from misctrader:

If you do a few days swing at IDSA or RIMM and load it up with 10,000 shares block, you can have some unbelievable numbers too!

i wonder how many prop shops let people do that.... Even at 80% cut, it would be great.
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Unbelievable in what direction? :D
 
Quote from mschey:

Fellow traders,

The fact is: this is, and remains, a very tradeable market. Not being one to post frequently on ET, I have decided to share my trading results for February, keep in mind that January, December, and November echoed very similar results.

Mike
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Nice numbers! Mind if I ask how long you have been able to put up results like that? How long have you been trading?
 
Quote from grimer11:

is today, tuesday march 2nd the worst trading day in history?...until tomorrow that is?
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Ehh its the same as the last weeks. Greenspan speaking, dead market, a few news moving stocks which seemed to work out nice.

That futures nosedive completely destroyed my day. Nothing like watching a stock plummet on ridiculously low volume.
 
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