PHOENIX TRADING's 2013 Prophet and Loss Journal

Quote from PHOENIX TRADING:

No but busta21 certainly is a good start.
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I'll crush your shitty 500k account friend. Only a fool like yourself believes 24 percent a year in 500K is unachieveable, you sir are a clown like 99% of these forums.
 
Lots of haters in this thread and he hasn't even started posting trades yet.

If you start trading with your strategy, I'm interested to see how it goes.

I'm also curious to see Busta21's $10,000 month easy crude oil strategy. Did I miss his journal thread with real time calls?
 
So do you have an annual gain in your mind that is achievable and you are comfortable with? After all, you gave up your job for this, so you must have crunched the numbers...

Quote from PHOENIX TRADING:

6) I don't use traditional stop losses, I may re-position to change the nature the predominate aspect of the trade.
But getting shaken out and running away is counter productive.
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That is a quick way to the poorhouse. Then your original position is either very small, thus it might not give you too much in rewards or if the position is decent, so is the DD....
 
Quote from Pekelo:

So do you have an annual gain in your mind that is achievable and you are comfortable with? After all, you gave up your job for this, so you must have crunched the numbers...



That is a quick way to the poorhouse. Then your original position is either very small, thus it might not give you too much in rewards or if the position is decent, so is the DD....
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Again, with your track record, I have to ask. What makes you think you're in a position to question anyone's methods?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=113413&perpage=30&pagenumber=2
 
Quote from Busta21:

Not a hater. I simply said with $500,000 he should be able to pull $10,000 a month trading crude/indexes. If you can't with that amount of capital then you're over intellectualizing this entire thing. The problem is that too many of you try to be precise 'with this rule and that rule' - I'll try to put this into perspective: TIM SYKES literally has traders with accounts less than $50,000 making $5k trades ON A REGULAR BASIS! And, in my opinion, that kid is a clown, like many of you here on this thread. This is a fact, you can pull up his sites and take a look at these very amateur traders doing it day in and day out and I make a statement, in fact, trying to be positive, that he could pull $10K a month trading futures with $500K and this 'bozo the clown' comes back with a typical internet warrior response. Lastly, I would be glad to show you P/L's of my crude trading, however, I will not publicly post them on this site, nor will I sit and explain how I trade. I have traded on real prop desks in my career and have REAL experience, "not leaving my job wha wha wha to make it" - Again, you offend me with your ignorance and arrogance after I try to attempt to reach out and help.

Have a good day ladies and take it deep, gently of course.

PS: When you get to 6000 posts on elite trader you then become a PROFESSIONAL TROLL!!!!! YAY!!!!! (YOU'RE CLOSE!)

Senor Alpha out!
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Quote from 1a2b3cppp:

Lots of haters in this thread and he hasn't even started posting trades yet.

If you start trading with your strategy, I'm interested to see how it goes.

I'm also curious to see Busta21's $10,000 month easy crude oil strategy. Did I miss his journal thread with real time calls?
More...

I'm a position trader and the account is hampered by the inability borrow since it's an IRA (ie go short) therefore it may be awhile before I make a trade.



Since it's real money, just like hedge funds I prefer to keep the specifics of what, when and how much confidential.

I can say I like leveraged etf's when the odds are in your favor.
 
pulled this from the joke thread, courtesy of Yannis " After the game, the King and the pawn go into the same box. ~ Italian proverb" lets keep this in mind as the thread progresses,the internet tough guy posturing has zero to do with the market
 
Quote from Pekelo:

1)So do you have an annual gain in your mind that is achievable and you are comfortable with? 2)After all, you gave up your job for this, so you must have crunched the numbers...



3)That is a quick way to the poorhouse. Then your original position is either very small, thus it might not give you too much in rewards or if the position is decent, so is the DD....
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1)I think I could be comfortable with a several thousand percent gain but I think it's unlikely in the short span of one year.But then again I'm sure that did happen in Germany circa the 1920's and unfortunately I think the markets are more driven by political machinations than true earnings gains and wealth creation.

2) Honestly I think I'd consider breakeven on spending and tax obligations a successful year.

3) I disagree ,I don't think stops are all that helpful .
As a matter of fact I think stops can be quite detrimental to traders who honor them at first just based on price but who STILL believe in the WHY of the trade. The tendency is to whipsaw themselves into unprofitability vs completely abandoning the trade and moving on.

Since I'm a position trader I'll only abandon an idea when the basis is proved incorrect or a decent recovery appears remote due to new information.
 
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