p/l thread 2007 skeptics and detractors

This thread is a diatribe about the relative merits of the PnL thread, not about me showing you how to do something that you haven't figured out Mark, :) ... if you want me to I'll be glad to, and I'll be sure to include my setups, position sizing and risk management in that conversation as well (we do get that I'm joking, right?).

Just because you're in a situation where you have commitments that are far more important than trading will ever be doesn't mean it isn't possible, it just means that you haven't figured out how.
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For the record, if time more time were spent reading austinp's writings instead of disagreeing with them, you'd all probably be substantially more ahead of the game, in this game.
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We're all at different levels of understanding here, by our writings, we show were.

Good trading,

Jimmy Jam
 
Quote from Rearden Metal
Actually, the information fell right into my lap. I didn't put any effort into busting him.

See how they say "Great detective work" when you have said many times you really didn't do anything to figure it out, its because you are a top trader and of the wealth you have created for yourself. Exactly what my thesis was all about.
I didn't get pissed at you, you just put a little twist into my research about how et members or people in general would respond when "old" money came up against "new" money. Others here probably knew the blotters were fake but didn't have the balls to say anything because they weren't an elite trader.
Just think if Timmay was making a killing in the markets, how many "I hate Timmay" threads were there be? None, even if he still yelled at him mom or acted like a complete ass sometime, we would all love him because of the money he is making.
I also wanted to post a couple more blotters a few big down days to see how people would react if I came across depressed because of the losses.
I do have to say that I was affected by the attention, everyday I would get a bunch of PM's it was like I was an actor getting fan mail. I did go to my head, and so I do have to say I am sorry to the people I replied to if I set you back in anyway shape or form. But I think also it helped some people see what could be possible in the markets if you worked hard, it was motivating to see those big numbers. I helped in my own trading and still does.
When szeven, red_ink, dustin, mba, RM, lescor, patrickq, and many others post it pushes me the little bit harder to get to the next level.
If the blotters are fake I don't care, they are like my Santa Claus everyday, its the thought behind it.
I can't say I should be blamed for the skeptical attitude towards this thread, because even before me I am sure people were questioning the p/l but I did propel it, and once again I am sorry.
 
Quote from JimmyJam:

This thread is a diatribe about the relative merits of the PnL thread, not about me showing you how to do something that you haven't figured out Mark, :) ... if you want me to I'll be glad to, and I'll be sure to include my setups, position sizing and risk management in that conversation as well (we do get that I'm joking, right?).

Just because you're in a situation where you have commitments that are far more important than trading will ever be doesn't mean it isn't possible, it just means that you haven't figured out how.
***
For the record, if time more time were spent reading austinp's writings instead of disagreeing with them, you'd all probably be substantially more ahead of the game, in this game.
***
We're all at different levels of understanding here, by our writings, we show were.

Good trading,

Jimmy Jam
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Actually others raised the issue prior to commentary by austinp and I in this thread (re-read including rcanfiel commentary).

I just took it in a different direction as a reply to a topic changed by others.

Also, its seems like you have an issue with austinp based upon the following commentary...

...For the record, if time more time were spent reading austinp's writings instead of disagreeing with them, you'd all probably be substantially more ahead of the game, in this game...
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Hey, at least your upfront about it. :cool:

Yes, my family is more important than my trading but that's not the issue here nor am I sure why you raised such an issue. :mad:

The point is this...retail traders can only compound a portion of their profits (the few that are profitable for 15 - 20 years).

Yes, of course I have a few trading pals that have compounded 100% of their profits for a few years until they decide the following...

* It's time for me to move out of the apartment and buy a house.

* It's time for me to buy a new car.

* It's time for me to stop using that free data vendor and get a professional charting system

Next, throw the IRS (taxes) into the mix and many other different types of trading expenses/living expenses...

I guarantee you aren't going to have enough money in 15 - 20 years to do what rcanfiel suggested will happen...

...they could eliminate the national debt...
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Once again, via my direct quote of rcanfiel and austinp reply to such...

Please explain how that's possible for a retail trader with living expenses and compounding to be able to eliminate the national debt in 15 - 20 years because as you suggested (I obviously don't know how to do that). :D

You can explain to me how via pm if you like because I'm all ears.

By the way, sure anything is possible.

After all, Johnny really did throw back to back no-hitters as a professional baseball player. :cool:

Mark
 
Quote from nysekiller:

I can't say I should be blamed for the skeptical attitude towards this thread, because even before me I am sure people were questioning the p/l but I did propel it, and once again I am sorry.
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I don't think you should be blamed either ... but if you really want to clean it up, start posting real one's.

JJ
 
Quote from nysekiller:

Anyway congrats to all, and whoever post fake blotters will get found out sooner or later.
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I'm not sure about that. With some good Photoshop skills I think you can fairly easily get away. This small example that trader 98 posted is quite interesting:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1566762#post1566762

Besides, who's really checking? I would say that everyone, myself included, is assuming that the numbers posted are real
 
One thing that seems common between fake posters is that they seem to enjoy spending a lot of time defending themselves. Eventually the real people who make money either stop posting, or just post from time to time, because it gets to be too much hassle. At this point for myself I believe ive been on the thread long enough to have avoided any sort of "hey look at me im all of the sudden making 10k a day" hater posts. That being said, anything is possible, thats why we all started trading in the first place! Lets just hope this volatility keeps up so that the thread doesnt turn into a few guys posting 500 bucks a day again.
 
Here's something that occurred to me.

Even though I put up bigger numbers than them Friday and am in the same $ league (give or take) as them in general, Szeven, MBAGearhead, and Dustin totally inspire me. I think it's because I got to watch them grow and they are so darned consistent. They definitely have me beat for consistency.

Back when he used to post, Rearden Metal regularly blew my mind. It seemed inconceivable to put up numbers like that.

I can directly attribute my growth as a trader to this thread because it opened my eyes.

I consider it similar to running for time all by yourself vs seeing other people's times. Doesn't matter if the other guy's time is a world record. Suddenly you realize you could be SO much faster. Maybe not a world record time, but a LOT faster.

I think your reaction to this thread says more about you than the people who post. When you see the other guy's time do you say "he's lying, that's not possible" or do you say "wow, how do I improve to get to that level"? Whether he's lying or not is irrelevant.
 
Quote from mde2004:

I still say it is impossible to make 10% per month trading without taking on sizable risk. 99% of the stuff on these message boards is false anyway. By the way, I am up 2% on the year so what I say means nothing to you pros out there.
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It's not clear to me why you are on this forum. Lets all try to add some value here and the world will be a fantastic place.

You're trailing T-bill returns btw.
 
Quote from TheStudent:

It's not clear to me why you are on this forum. Lets all try to add some value here and the world will be a fantastic place.

You're trailing T-bill returns btw.
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F You btw. The market is barely up on the year after the recent move down.

I'm sure you're up 100% so far this year like all the other ET.
 
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