I have been trading for 40+ yerars and acquired a lot of experience on and off the exchange floor.
I am intelligent, inventive and motivated and experienced to the point that if I have a loosing week scalping CL and ER2 it is because I was a pig.(which happens less and less often)
My occasional lack of discipline does not change the fact that almost every day - starting around 7AM EST - by 9:30 to 10:30 I am ahead by what one could call the equivalent of an executive level salary (only 25K-s in that account),Trading one lot of CL, sometimes two at at a time.
At that point I run errands and go jogging and after that I seldom return to trading.
Unlike most scalpers that I have met I do not have a natural sense for the tempo of the market. Remember the kids who were good dancers? I was not one of them, so I use a structure made up of canned indicators on different time scales (like CCI, Stoc, Averages, Volatility bands, Volume and OBV) to figure out at what time and point to fade the markets.
People like the ones post on the P&L thread trade rapidly and if they make mistakes they can recover quickly because in active vehicles there are endless opportunities.
No one is doubting a professional tennis player hitting the ball just right from any angle dozens of time during a game but people are incredulous that it could be done in trading.
In fact the price of an actively and intensely traded vehicle can be gamed just like a tennis ball or football. Yes my friends, trading has become a video game. (and basically this is what the black boxes are doing too)
The sad thing is, people instead of taking responsibility for investigating their own abilities doubt others.
Regards,
GC
I am intelligent, inventive and motivated and experienced to the point that if I have a loosing week scalping CL and ER2 it is because I was a pig.(which happens less and less often)
My occasional lack of discipline does not change the fact that almost every day - starting around 7AM EST - by 9:30 to 10:30 I am ahead by what one could call the equivalent of an executive level salary (only 25K-s in that account),Trading one lot of CL, sometimes two at at a time.
At that point I run errands and go jogging and after that I seldom return to trading.
Unlike most scalpers that I have met I do not have a natural sense for the tempo of the market. Remember the kids who were good dancers? I was not one of them, so I use a structure made up of canned indicators on different time scales (like CCI, Stoc, Averages, Volatility bands, Volume and OBV) to figure out at what time and point to fade the markets.
People like the ones post on the P&L thread trade rapidly and if they make mistakes they can recover quickly because in active vehicles there are endless opportunities.
No one is doubting a professional tennis player hitting the ball just right from any angle dozens of time during a game but people are incredulous that it could be done in trading.
In fact the price of an actively and intensely traded vehicle can be gamed just like a tennis ball or football. Yes my friends, trading has become a video game. (and basically this is what the black boxes are doing too)
The sad thing is, people instead of taking responsibility for investigating their own abilities doubt others.
Regards,
GC
Fact is, people have been making money like this forever ... And way more. Maybe do a google search for 'Paul Rotter', aka 'The flipper', he's a good example of how much money you really can make if you're amongst the best of the world, this guy seriously wouldn't come out of his bed for 50k a day