Passage to $1 Million

[benwm]

Hello Smiles

Don' t take this the wrong way, but I think maybe you need to open up in terms of how you are generating your trade entries and exits if you want this thread to catch on. Not the full recipe but more than what you've given us.

Most of us don't believe in random walk, that's why we trade, what's more interesting is the approach used...

Perhaps you could discuss how you approached finding your edge. Did you backtest? Or did you find something that worked after years of screentime? Are you looking at a small sample of larger stocks that have a tendency to drive the averages?

Best,
benwm

 

[deaddog]

Quote from benwm:

Hello Smiles

Don' t take this the wrong way, but I think maybe you need to open up in terms of how you are generating your trade entries and exits if you want this thread to catch on.

You will find that successful traders who post real time won't have much of a following.

It's hard to argue with success and ETers love to argue.

Best to you Smiles, thanks for the updates.

 

[benwm]

Quote from deaddog:

You will find that successful traders who post real time won't have much of a following.

It's hard to argue with success and ETers love to argue.

Best to you Smiles, thanks for the updates.

I'm sorry I don't follow you here deaddog.

To clarify my post, I don't doubt the numbers Smiles is posting or indeed that he can keep this up. If the only goal of the thread is to show skeptics that 'it can be done' then I guess that on that front it will be an unqualified success.

However, my only interest is in the methodology behind the entries. Can I learn something new from this journal?

If not, then fine.

 

[deaddog]

Quote from benwm:


To clarify my post, I don't doubt the numbers Smiles is posting or indeed that he can keep this up. If the only goal of the thread is to show skeptics that 'it can be done' then I guess that on that front it will be an unqualified success.

I believe thats the objective.

Anything we learn will be a bonus.

 

[smilestraders]

Daily Summary for Wed 07/28/2010

L 1108.50 exit 1 1110.75 exit 1 1110 exit 1 1109.75 total +5
S 1109.75 exit 1 1108.50 exit 1 1108.75 exit 1 1107.25 Total +4.75
L 1105 exit 1 1107.75 exit 2 @ entry total +2.75

Total for the day +12.5 points trading 3 contracts. We stopped early this morning because the markets have been choppy after the morning trading.

We will not be having many trades during the next 2 weeks, due to the summer time volume.

Smiles

 

[JoePaterno]

Quote from pcp198:

yes, thanks.

The "goal" is not to start a service. Perhaps leaving the door open to "but if we somehow build up a large following of free emails on the multiple personal links we littered on the first couple pages of posts..."

What do you expect him/her to say?

the 2 shills, creekboy (6 increasinly loving posts in only this thread) and bronco, speak against his responses. But so do the shock title (Passage to $1 Million - starting with only $3K) like so many other spammers on this site, the tripling claim without any metrics or proof, etc. The "we" meaning he/she acknowledges it is likely some kind of commercial entity...

This is going to morph into a come-on within the next few weeks - months.

 

[JScott]

Quote from smilestraders:

Daily Summary for Wed 07/28/2010

L 1105 exit 1 1107.75 exit 2 @ entry total +2.75

Smiles

Correct me if I'm wrong, but your "real-time" updates indicate that you pulled your stop on this just as it hit your stop to the tick then moved up from there. Then you put the stop back on.

Your "real-time" update to pull stop was at 9.36am . . . ES hit 1103.5 stop at 9:34am. (Stop was supposedly put back on at 9:44am.)

Care to comment on that ?

JS

 

[Celine]

Quote from smilestraders:

Daily Summary for Wed 07/28/2010

L 1108.50 exit 1 1110.75 exit 1 1110 exit 1 1109.75 total +5
S 1109.75 exit 1 1108.50 exit 1 1108.75 exit 1 1107.25 Total +4.75
L 1105 exit 1 1107.75 exit 2 @ entry total +2.75

Total for the day +12.5 points trading 3 contracts. We stopped early this morning because the markets have been choppy after the morning trading.

We will not be having many trades during the next 2 weeks, due to the summer time volume.

Smiles

Hi Smiles, great day trading again. I see you have very stable profitable trading. Good luck with $1 million.

 

[creekboy]

hey -joe- no love -just enjoy people that will put there neck on the line with no cost to the public -feel free to step up and do the same there joe -and i will cheer you on also -

 

[JoePaterno]

Quote from creekboy:

hey -joe- no love -just enjoy people that will put there neck on the line with no cost to the public -feel free to step up and do the same there joe -and i will cheer you on also -

hey -smiles - this has no value to the public and is an exercise in horrendous money & portfolio management and nothing more than an attempt to scam free potential customers for a future commercial endeavour. Unfortunately, the moderators seem to be blind to this type of circus act...