Quitting Trading

EchoTrader · May 10, 2008

http://www.brettsteenbarger.com/trader_performance.htm

Try this.

slapshot · May 10, 2008

Quote from limitdown:

you're kidding right?

ok, let's say you even know what it is and how it trades,

oops, evidently its a futures contract...

then the first place you should be calling is not elitetrader threads,

but whom?

duhh,,

yeah, right!

your broker, where you actually clear trades through, he cares, not me,

to tell you what is happening with the ER2

Sheesh, it was a simple question - you are the one that contended "something" is happening with ER2. I thought perhaps you were aware of some kind of regulatory change or something like that I had not yet heard of.

And PS, I trade 10 -20 ER2 per trade, all day long, very profitably, thank you, so whatever it has been working very well for me.

So, in other words, you are just another dickhead making snide, unsupported comments.

This is a discussion thread, punk. Learn some manners.

wenzi · May 10, 2008

Wow.

Quote from slapshot:

Sheesh, it was a simple question - you are the one that contended "something" is happening with ER2. I thought perhaps you were aware of some kind of regulatory change or something like that I had not yet heard of.

gdtrader · May 10, 2008

Getting a relaxed accounting job pull in your 60-70k with upside potenital and open IRA and 401k. Ira leave for retirement and 401k swing trade. Figuring you havent made money in 8 years even 1k in profit by years end on swing trade and less energy would feel better than sitting in front of a screen and waiting for cash to come your way.... You always need to make bread and butter some how otherwise you are scared money... slow and steady always wins the race...

1000 · May 10, 2008

Anyone know traders who became millionaires in their early 20's?

I do. And then their account blew up! So what's new. Seems like all trading accounts blow up.

The lottery statistic is that lottery winners blow their winnings within 2 years.

So why have a lottery? In fact, why not make a lot of people win a small amount? That way the money goes quicker, the winner knows it's gone, and they enjoy it more, and then carry on with their lives.

How can everyone become a millionaire?

It's simple (1) have a day job, (2) max out your 401k, (3) max out your IRA.

What is it about this that no one gets?????

http://finance.yahoo.com/retirement/article/104801/The-One-Year-$1-Million-Challenge

btaylor966 · May 10, 2008

I am a new trader and do not want to go through even a couple of years, I have been looking at MACD's and Stoastics and now Candlesticks. Am I under some kind of illusion that this will work along with trending?

1000 · May 10, 2008

Quote from btaylor966:

I am a new trader and do not want to go through even a couple of years, I have been looking at MACD's and Stoastics and now Candlesticks. Am I under some kind of illusion that this will work along with trending?

Ask yourself if you would buy XOM today at $88?

Would you have bought XOM in 1998 when it was at $35?

So (1) not only do you have to make a profit, (2) you have to pay for your expenses over the years while the money is invested, (3) you have to account for your retirement (or times when you want time off work)

Is XOM a good example of looking at technical indicators? if so what time frame?

So (1) what if you had bought ENRON instead at $35, it would have gone up the same way as XOM, then what? (2) Ended up at 40 cents!

Question: Are your (1) technicals going to help? or is your (2) trade-ability going to work for XOM now, if it didn't for ENRON then?

SicilianTM · May 10, 2008

Quote from 1000:

Ask yourself if you would buy XOM today at $88?

Would you have bought XOM in 1998 when it was at $35?

I'm sure this is all somehow very relevant to intraday futures trading?

limitdown · May 10, 2008

Quote from slapshot:

Sheesh, it was a simple question - you are the one that contended "something" is happening with ER2. I thought perhaps you were aware of some kind of regulatory change or something like that I had not yet heard of.

And PS, I trade 10 -20 ER2 per trade, all day long, very profitably, thank you, so whatever it has been working very well for me.

So, in other words, you are just another dickhead making snide, unsupported comments.

This is a discussion thread, punk. Learn some manners.

easy there big fella...

I can get things wrong too, but to slam me like that, well you're certainly a trader, because most of us have flash point tempers, and your (foul) words sure proved that point,

What's hapening to ER2 besides the change from the CME shortly, is all the additional attention the CME is bringing to bear on similar trading contracts that they offer to replace its popularity. This additional and unusual competition against their own product is unusual and caused a number of institutional desks to start pulling away from the contract sooner than planned. Just think the sponsor of the ER2 (the CME) advertising against using the ER2 (being done by the CME). Erratic at best, is what they have been saying.

Yeah, simple question, and I got it wrong.

Too bad we didn't make friends first before throwing the acid.

limitdown · May 10, 2008

Quote from slapshot:

Sheesh, it was a simple question - you are the one that contended "something" is happening with ER2. I thought perhaps you were aware of some kind of regulatory change or something like that I had not yet heard of.

And PS, I trade 10 -20 ER2 per trade, all day long, very profitably, thank you, so whatever it has been working very well for me.

So, in other words, you are just another dickhead making snide, unsupported comments.

This is a discussion thread, punk. Learn some manners.

Paul,

My bad!

Got that one wrong, thought for a moment, it was someone else asking. Man, you sure slammed me hard, take it easy, unwind, have a drink.....

Most traders have a flash point trigger and temper, but whewww.

OK, from my sources (confirm things from others too,
because the CME has been advertising to draw traders away from their own ER2 product, it has caused more than the usual negative attention upon the contract and drawn a number of participants away from the normal trading environment.

So,
there you have it. Jasper6 was asked whether he knew about the product he trades (ER2) and challenged to answer the questions.

Other than your (foul) comments, glad to hear there are others succeeding with ER2. That's impressive!