PHOENIX TRADING's 2013 Prophet and Loss Journal

Quote from Busta21:

Bro, moving $1B + in capital around for 12 months is A LOT different than moving $500,000 around. Also, $10,000 a month on indexes/crude is nothing if you know what your doing, and judging by your snide response, you don't. I would recommend you take a trip to Chicago or hang around real traders. Also, you can pull $10K alone trading OPEX options.
I'm not saying 24% is impossible but it's far from the norm or ease of grasp as you seem to imply.

I just showed you the Top 100 large hedgefunds, the best and brightest in the world.The 24% you bandied about puts you at about the 94th percentile.

How about this : Compile me a list of traders, hedge funds, mutual funds advisers of whatever AUM you like, then show me what percentage exceeded 24% gains.
 
Quote from Busta21:

1)I'll crush your shitty 500k account friend. 2)Only a fool like yourself believes 24 percent a year in 500K is unachieveable, 3)you sir are a clown like 99% of these forums.

1) Exactly how do you plan to do that? You plan to be the counter party to ALL my trades? If you make more money or higher returns than me good for you.
Or you could back up all that bluster and start your own thread and we'll compare our respective performances. .

2) I didn't say that , but ...

3) Well since I'm a clown will it piss you off if I honk my shiny big red nose in your direction?
 
Quote from Busta21:
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!
I'll be nice , but if you were on the P&R forum right now: I'd be threading your ears for my necklace collection of the vanquished.:cool:
 
Quote from PHOENIX TRADING:

I'll be nice , but if you were on the P&R forum right now: I'd be threading your ears for my necklace collection of the vanquished.:cool:

:D
 
Quote from PHOENIX TRADING:

I suspect one always needs to keep the "hour Between Dog and Wolf" in mind.
Perhaps I'm wrong, time will tell.


(Wasn't thinking about discipline as much as I was all the other human crap that pops up - no matter)


Fair enough PT

Trade well Sir :)

RN
 
Quote from Redneck:

(Wasn't thinking about discipline as much as I was all the other human crap that pops up - no matter)


Fair enough PT

Trade well Sir :)

RN
My apologies if I made the wrong assumption.

Feel free to spell it out if you wish.

thanks for the well wishes :cool:
 
Quote from PHOENIX TRADING:


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.

First of all I wish you good luck in this journey!

Second, I'd like to somewhat agree about stops in the following sense: IMO stops should be placed where trade statistically shows low enough probability of finally working so that it's not worth to hold anymore. In such case, stops are absolutely logical.
 
Quote from PHOENIX TRADING:

I'm not saying 24% is impossible but it's far from the norm or ease of grasp as you seem to imply.

I just showed you the Top 100 large hedgefunds, the best and brightest in the world.The 24% you bandied about puts you at about the 94th percentile.

How about this : Compile me a list of traders, hedge funds, mutual funds advisers of whatever AUM you like, then show me what percentage exceeded 24% gains.

I would not measure trading small private account by the same standards as hedge-funds/large CTA's. In my experience, 24% ROI per year with relatively low draw-down is not only possible, but pretty realistic to achieve if you swing trade. Likely much more than that if you day-trade.
 
Quote from cornixforex:

First of all I wish you good luck in this journey!

Second, I'd like to somewhat agree about stops in the following sense: IMO stops should be placed where trade statistically shows low enough probability of finally working so that it's not worth to hold anymore. In such case, stops are absolutely logical.

Thanks

I guess my view on stops is unorthodox, but I think it depends on your trading method.
If you are a daytrader I think they are essential.

As a position trader arbitrary stops both stop loss and profit protecting are ill advised unless the reasons for entering have changed significantly.

There's nothing quite like only catching 10% of a 100% move, except maybe getting shaken out prematurely losing 5% on an eventual 100 % move .
 
Quote from PHOENIX TRADING:

Thanks

I guess my view on stops is unorthodox, but I think it depends on your trading method.
If you are a daytrader I think they are essential.

As a position trader arbitrary stops both stop loss and profit protecting are ill advised unless the reasons for entering have changed significantly.

There's nothing quite like only catching 10% of a 100% move, except maybe getting shaken out prematurely losing 5% on an eventual 100 % move .

Yea, for position trading stops are probably not as critical, cause even strong intra-day move does not constitute serious amount of the risk taken on position, so it's probably better rely on market action to exit either for profit or a loss.
 
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