Proof of the pudding...

pinetboltz · Sep 17, 2016

alright guys, we've all heard lots of anecdotes and third-hand stories of people clearing multiple '00s - ks per day trading, and while it's useful to talk about abstract concepts, i think it'd be very cool to have a thread where ppl can post actual photos/screenshots of order confirmations & realized daily PnL.

you winning traders, you anonymous market maestros out there - show us n00bs your awesomeness! here's a self-scoring system:

For that day's PnL
+1 pt: trading live money, not simul
+1 pt: trading a fairly liquid asset (forex, futures, large cap stocks, etc..)
+1 pt: intraday trading
+1 pt: 55%+ win rate on long side
+1 pt: 55%+ win rate on short side

and +1 pt: for each US$100 live money profit you generated (yes, let's please stick to the absolute figures here for live accounts, and not %, because the stories/sensational anecdotes all refer to dollar amounts anyway)

(if simul: +1 pt for each 0.1% you generated - so if running $1m simul, +5 pts for $5k profit)

*shoutout to @Apophenia for giving inspiration to this PnL aggregator through his earlier thread on Workplace Screenshots - i think it's really time that we (aspiring) traders have more of these photo compilations. the hipsters have filled instagram with their pets and lattes and pancakes for years (the number of brunch photos i've come across since 2012 - it's like a nonstop ad campaign for ihop)..let's use this thread for a more interesting subject (eg. orange juice futures, not the drink!!)

Mtrader · Sep 17, 2016

Can you give me 1 solid reason why they should do this?
1 proof that they will benefit from it too?

Every trader that has no clue is constantly trying to steal other peoples secrets, but if they ever will be successful they will never share. It's always about getting but never about giving.

Go to collective2 and play there with your scoreboard. These people want to share.

FreakofNature · Sep 17, 2016

There is no incentive in what you posted, therefore, no interest.

Trading Education Buyer · Sep 17, 2016

Mtrader said:
Can you give me 1 solid reason why they should do this?
1 proof that they will benefit from it too?

Every trader that has no clue is constantly trying to steal other peoples secrets, but if they ever will be successful they will never share. It's always about getting but never about giving.

Go to collective2 and play there with your scoreboard. These people want to share.

Sharing or not sharing is a personal belief and gives a trader the necessay security and certainty of being profitable.If you have a subconcious belief , that everybody knows your strategy , you will hesitate and underperform , if you did not have this belief and traded your results will be better.If the strategy and edge was freely available , it would not make any difference , because what separates the losers from the winners 95%/5% is their beliefs , cognitive biases , mindset and phsyche (how they handle themselves with stress , losses , reactive patterns and hundres of other normal human traits ).The strategy edge is only in the mind .

How do you know thousands of others are not already following your edge or you are not following their edge ? :banghead:

What you may have is a mental edge.

Mtrader · Sep 17, 2016

TRADING EDUCATION BUYER said:
How do you know thousands of others are not already following your edge or you are not following their edge ?

And how do you know they do? :banghead:

If thousands would do the same it would be immediately visible on the market. Everybody would try to buy/sell at the same price.

And ET would be an empty website.

Trading Education Buyer · Sep 17, 2016

Mtrader said:
And how do you know they do?

Most of the wall street monkeys go together , a few ticks cheaper or later , but only based on beliefs in their minds in what is the right entry price.At any one time , there are thousands buying or selling together.

Mtrader · Sep 17, 2016

For each contract that is bought, someone else has to sell it. That is impossible if "Most of the wall street monkeys go together". In volume traded 50% is buying and 50% is selling.

If "Most of the wall street monkeys go together" they would all have more or less the same performance, which is clearly not true. Read postings about bashers who tell that this or that is impossible. This discussion would not exist if "Most of the wall street monkeys go together" and do the same thing.

If "Most of the wall street monkeys go together" and would buy ES at 2132 plus or minus a few ticks, who is then making the volume at 2130, 2129, 2128, 2134,3135...? At these prices thousands of contracts are executed too???

I once visited a big trading desk where orders came in from clients. It was a constant flow of longs and shorts at the same time. So at one price +-50% wanted to go long while +-50% wanted to go short.

I am already consistently profitable for many years. If my system would be traded by "Most of the wall street monkeys go together" there would not be 95% of daytraders who lose money. They would make consistently money.

Your youtube video is about Wallstreet Occupy, which has nothing to do with trading behavior, but with protest behavior. It's about protesters, not traders. So I don't get it why you showed that.

Trading Education Buyer · Sep 17, 2016

Mtrader said:
Your youtube video is about Wallstreet Occupy, which has nothing to do with trading behavior, but with protest behavior. It's about protesters, not traders. So I don't get it why you showed that.

If the crowd is buying , then the rest of the herd want to follow the crowd , if the monkey was free to pick the grapes , he would do it .The underlying test of the protest video is monkeys have emotions and most trading is driven by emotions , if traders are making money brokerage staff are monitoring profitable accounts and copy trading the trades.My brokerage staff know which accounts are making money , the holy grail.

Mtrader · Sep 17, 2016

TRADING EDUCATION BUYER said:
If the crowd is buying , then the rest of the herd want to follow the crowd , if the monkey was free to pick the grapes , he would do it .

So they don't trade my system, they just follow the market. That's entirely different from what you stated first.

TRADING EDUCATION BUYER said:
if traders are making money brokerage staff are monitoring profitable accounts and copy trading the trades.My brokerage staff know which accounts are making money , the holy grail.

So what you basically say it that you are a criminal that steals from his clients.

Trading Education Buyer · Sep 17, 2016

Mtrader said:
So what you basically say it that you are a criminal that steals from his clients.

Brokers staff regularly contact clients , and in their discussions they hint at the state of the sccount and it's performance (how much commisions they are making , on the increase or decrease ).Basically they are monitoring accounts and there is enough software out there to copy profitable client trades automatically. :sneaky:

Broker's staff have emotions of greed and fear , even bankers run off with bank money.