Scalping ???
- Thread starter Hawker
- Start date
Quote from Scientist:
1) If scalping isn't the hardest form of trading, then wtf is? Swing?
2) 1, 2 cents? Does this atually work?
3) You must have really low commission rates or deal with tickets and a very large amount of stocks at a time?
The only scalping I do today (if I do) is Nas, aiming for 5-15 cents.
I wasn't aware that people still scalp for just a single tick or two on the stocks. Must be a daunting task. 'Suppose it's easier than on the ES, I just don't understand routing / ECN's all that well...
4) How well do you understand routing and ECN's ? Which ECN's do you use mainly?
5) Do you scalp NYSE stocks at all? Are they still suitable for scalping?
Cheers Brother,
~Scientist
Dear brother Scientist,
1) I wouldn't know. If daytrading or swingtrading is easier, that would mean I just hit the jackpot
2) Yes, it does work.
3) You bet!
4) Order routing is my business. Instinet, Island, Archipelago, Brut
5) I don't do NYSE stocks at all. I like to be in control (not some specialist-shmuck) and the edge comes mainly from the ecn's.
I am sorry I cannot be more specific here, I signed a secrecy contract!
Hang loose bro,
t4s
Quote from Scientist:
Brother DT-waw,
Why do I get all this cynicism from you? You really seem to have a problem with scalping!
What is it? Got burnt?
~Scientist
No, I don't have problems with scalping, b/c I simply don't scalp. I should go to sleep at this hour, but I wanted to read your posts. You're really entertaining! Here's some of your stuff:
Good luck, bro...
TA, properly used, is more than 90% precise. Not because it works - But because everybody uses it. Simple as that.
-------------------------------------
OK. Maybe a little over-enthusiastic about TA. You were taking me a little bit too serious here. It was in context.
You might be surprised how well TA can work. It works extremely well. What you didn't get here is that the accuracy of TA depends on how well you can interpret it.While it's "right" a large % of the time, you can still misinterpret it a large part of the time, too. There are people who can predict price movements with up to 80% accuracy. But that's not the point. Above all, it's money management and discipline. If you can be profitable 50% of the time, that's enough, if you're good at MM.
I'd mail you some TA samples of mine that'll surprise you a bit, buddy. Will show you something you probably haven't seen so far. Not a holy grail. But something that might change your mind a little about TA and how sheepishly people follow it.
---------------------------------------
I believe that watching the ES live for a few months (including depth) coupled with good observational skills could make somebody a successful Trader, without any books.
-Yeah. So what? Do you know how large my library of trading books is - And how little you actually REALLY need to know to learn to trade? It's probably the most torn-apart and at the same time simple science there is.
I still (and particularly today) believe that with good observation and study of the markets, you can become successful at trading, without reading a book. And if you don't believe it; Well, how did Jesse Livermore do it? Or Nicholas Darvas? Study them!
Surprisingly enough, the other 0.3% make 5-10pts per day, because they're so good. I don't actually make this much, although I'm excellent. [
] I'm happy to make a quarter of that (on average!).
Maybe I haven't figured it and I'm amongst those 99.7% as well?
guys, could you give us a few hints on how to annualize 1,000% + per annum like you do ?
This was said with a [stick-out-tongue-smily] after the "excellent" comment, which indicated irony after all the statements on that thread, saying how "excellent" they all obviously were. In the same breath, I admitted to only making a quarter of what was being claimed as an average.
You cut it out and made it look supersilious. This is not correct journalism. You're making me look like an arrogant idiot. I expect your apology on this, or I will declare war on you!
NAS, ES - Everything is choppy...
I got shaken out of the tree several times today... Bastards... Certainly won't place physical stops into the market anymore on days like these...
Must've been the worst trading day for 3 weeks or so... So I've spent more time today reading books & posting silly messages on ET []
Again: Out of context! So how much did YOU make on "Fuck the daytrader day"? On top of that, again you took the smiley out, to veil the element of irony. They're called "emoticons" for a reason, dummy!
On the ES, I'm very conservative and risk-adverse, so I try to capture an average of 2-5 pts per day, which would equal 20-50 pts if you're trading 10 contracts. If anybody can tell me how to do more than 3 pts on ES everyday on a consistent basis - Please help me!
For all U beginner traders, I hope this helped you a bit. Feel free to analyze the charts on the 1-min and follow what I did. I hope I didn't make any mistakes, all the logs should be O.K.
Just for a proof that scalping DOES work...
What's your problem? I asked for some help on improving my trading, and in return I offered some by posting a few trade details. I discussed some of these trades with trading buddies LIVE at the time. The setups were great that day, nothing demanding. I was requested to illustrate them, so I did. You're being an idiot, again quoting out of context.
I wonder what you guys think about scalping / intraday? Wouldn't that be less risky? I would imagine the kind of capital you guys have is ideal for scalping & day trading - Big enough to do size (make other traders panic LOL) and small enough not to completely distort price and to move in&out swiftly?
Is it because you guys don't consider yourselves good enough / too much work / too much stress / too little return / too much risk ? Be great to see how you guys think about trading.
And finally - I wonder what you guys do all day if you're just position traders? Watch the positions in the BG and do fundamentals? May the Tick be with you,
Interesting you quote this post. It was actually a very interesting discussion about trading styles. Again? What is it? I asked indahook a reasonable question about position trading. He had the capital to trade intraday. He's in a trading firm, he could pool funds, leverage and trade intraday very well. He's experienced enough to consider it.
The "size" thing is an old joke. Obviously indicated by the "LOL". All the questions were reasonably asked and reasonable answered. Again, you're just not getting it man.
I love the stock market, I have great enthusiasm for it, I remember when I was 7, I worked my butt off carrying out newspapers to save some money. Then I walked past a bank and saw a stock chart and loved it. I stared at it for hours. Then I walked in and asked to buy that stock - The bank lady just laughed at me.
Part of a story I told. It's a great story, a lot of people liked it and I even found a great new friend through it, who shares a similar career history. The story continues with how I benefited from the bank lady's laugh and had the last laugh. Make sure you're making this clear.
I LOVE TRADING. I love it to death. I can stay away from the markets for a few days, but I'll always have some books near or I'll be writing down code for new trading systems or going through my logs&diaries.
Sometimes I wake up in the middle of the night, impatient to see what foreign exchange market's doing... I wrote my first simple trading system at the age of 12. In BASIC! On the beach, I'll be drawing chart patterns in the sand. I see douple tops & v-shaped bottoms on my girlfriends. I see congestion patterns on my granddad's forehead.
Yeah??? I'm writing about my passion for what I do. Never felt about anything with passion? Get a life, brother!
I'm not getting your point in this little collection of "mis-quotes"!
You should really watch out when attempting these kinds of attacks. It could backfire. :eek:
I ask for your apology or I'll give you a hell time, buddy.
Good Luck bro...
~Scientist
-------------------------------------
OK. Maybe a little over-enthusiastic about TA. You were taking me a little bit too serious here. It was in context.
You might be surprised how well TA can work. It works extremely well. What you didn't get here is that the accuracy of TA depends on how well you can interpret it.While it's "right" a large % of the time, you can still misinterpret it a large part of the time, too. There are people who can predict price movements with up to 80% accuracy. But that's not the point. Above all, it's money management and discipline. If you can be profitable 50% of the time, that's enough, if you're good at MM.
I'd mail you some TA samples of mine that'll surprise you a bit, buddy. Will show you something you probably haven't seen so far. Not a holy grail. But something that might change your mind a little about TA and how sheepishly people follow it.
---------------------------------------
I believe that watching the ES live for a few months (including depth) coupled with good observational skills could make somebody a successful Trader, without any books.
-Yeah. So what? Do you know how large my library of trading books is - And how little you actually REALLY need to know to learn to trade? It's probably the most torn-apart and at the same time simple science there is.
I still (and particularly today) believe that with good observation and study of the markets, you can become successful at trading, without reading a book. And if you don't believe it; Well, how did Jesse Livermore do it? Or Nicholas Darvas? Study them!
Surprisingly enough, the other 0.3% make 5-10pts per day, because they're so good. I don't actually make this much, although I'm excellent. [
] I'm happy to make a quarter of that (on average!).Maybe I haven't figured it and I'm amongst those 99.7% as well?
guys, could you give us a few hints on how to annualize 1,000% + per annum like you do ?
This was said with a [stick-out-tongue-smily] after the "excellent" comment, which indicated irony after all the statements on that thread, saying how "excellent" they all obviously were. In the same breath, I admitted to only making a quarter of what was being claimed as an average.
You cut it out and made it look supersilious. This is not correct journalism. You're making me look like an arrogant idiot. I expect your apology on this, or I will declare war on you!
NAS, ES - Everything is choppy...
I got shaken out of the tree several times today... Bastards... Certainly won't place physical stops into the market anymore on days like these...
Must've been the worst trading day for 3 weeks or so... So I've spent more time today reading books & posting silly messages on ET [
]Again: Out of context! So how much did YOU make on "Fuck the daytrader day"? On top of that, again you took the smiley out, to veil the element of irony. They're called "emoticons" for a reason, dummy!
On the ES, I'm very conservative and risk-adverse, so I try to capture an average of 2-5 pts per day, which would equal 20-50 pts if you're trading 10 contracts. If anybody can tell me how to do more than 3 pts on ES everyday on a consistent basis - Please help me!
For all U beginner traders, I hope this helped you a bit. Feel free to analyze the charts on the 1-min and follow what I did. I hope I didn't make any mistakes, all the logs should be O.K.
Just for a proof that scalping DOES work...
What's your problem? I asked for some help on improving my trading, and in return I offered some by posting a few trade details. I discussed some of these trades with trading buddies LIVE at the time. The setups were great that day, nothing demanding. I was requested to illustrate them, so I did. You're being an idiot, again quoting out of context.
I wonder what you guys think about scalping / intraday? Wouldn't that be less risky? I would imagine the kind of capital you guys have is ideal for scalping & day trading - Big enough to do size (make other traders panic LOL) and small enough not to completely distort price and to move in&out swiftly?
Is it because you guys don't consider yourselves good enough / too much work / too much stress / too little return / too much risk ? Be great to see how you guys think about trading.
And finally - I wonder what you guys do all day if you're just position traders? Watch the positions in the BG and do fundamentals? May the Tick be with you,
Interesting you quote this post. It was actually a very interesting discussion about trading styles. Again? What is it? I asked indahook a reasonable question about position trading. He had the capital to trade intraday. He's in a trading firm, he could pool funds, leverage and trade intraday very well. He's experienced enough to consider it.
The "size" thing is an old joke. Obviously indicated by the "LOL". All the questions were reasonably asked and reasonable answered. Again, you're just not getting it man.
I love the stock market, I have great enthusiasm for it, I remember when I was 7, I worked my butt off carrying out newspapers to save some money. Then I walked past a bank and saw a stock chart and loved it. I stared at it for hours. Then I walked in and asked to buy that stock - The bank lady just laughed at me.
Part of a story I told. It's a great story, a lot of people liked it and I even found a great new friend through it, who shares a similar career history. The story continues with how I benefited from the bank lady's laugh and had the last laugh. Make sure you're making this clear.
I LOVE TRADING. I love it to death. I can stay away from the markets for a few days, but I'll always have some books near or I'll be writing down code for new trading systems or going through my logs&diaries.
Sometimes I wake up in the middle of the night, impatient to see what foreign exchange market's doing... I wrote my first simple trading system at the age of 12. In BASIC! On the beach, I'll be drawing chart patterns in the sand. I see douple tops & v-shaped bottoms on my girlfriends. I see congestion patterns on my granddad's forehead.
Yeah??? I'm writing about my passion for what I do. Never felt about anything with passion? Get a life, brother!
I'm not getting your point in this little collection of "mis-quotes"!
You should really watch out when attempting these kinds of attacks. It could backfire. :eek:
I ask for your apology or I'll give you a hell time, buddy.
Good Luck bro...
~Scientist
You're damn right brother TM...
It's good to hear the wise words of a fellow professional again.
I shouldn't be annoyed by ppl like DT-waw. Gone through some of his posts, he never made a valuable contribution on this board. He's a frustration case and now he seeks victims.
It's much the same like mrmarket, FPC etc - Since they're so obviously insignificant, they shouldn't even annoy you. But somehow they just do. They're just there and post annoying little posts. Like that nasty little flea that nags your dog. You can't find it, but sure the dog hasn't got a restless minute.
I'm just not gonna be taken in by DT-waw. If he doesn't apologize, I'll sting back. If he does - fine.
Peace brother TMTrader,
~Scientist
P.S: Do you work for the same prop firm as TM_Direct?
I'm just gonna quote some of the crap DT-waw came up with, so he knows what he's up to in terms of embarrassing himself before he responds here again; find my comments in italic;
<b>Conclusion: the richer you're, the higher chances of staying longer as a trader.Certainly, it's not a rocket science!</b>
<i>Very recent "numbskull" wisdom of yours.You obviously don't trade.</i>
</b>
[Re: Time&Sales on Futures]: <b>"I also don't see any advantages to it on the futures. In 1999/2000 when many Naz stocks had daily ranges of $10-20 it made sense. But still, classic technical indicators had more or less the same value."</b>
<i>Again you have no idea what you're talking about.</i>
<b>In my view, markets at tick or 1-minute level aren't far away from random.</b>
<i>Well, you prejudiced freak - To me, 1-minute isn't random. I even use 20S,15S,12S,10S,5S charts as well as tick charts...They still form readable patterns. How dare you to judge what is and what isn't regarding what I make my daily bread with.</i>
<i>You talk about stuff you don't understand:</i>
<b>"I think your method of calculating slippage (when using market orders) overestimates it. Last trade price is either at bid or ask. So, 1/2 of your trades should have zero slippage, while other half - slippage = spread. That's why my calculations assume 0.25 / round turn. </b>
<i>Get away man. You have no idea what you're talking about? Learn about X-market and how actual slippage works. Understand ask & bid first before you poop around here like a big authority.</i>
<b>"In general, I think games like poker or scrabble are very close to trading. People I know who are very good at scrabble and poker have - first of all - strong psychical skills. So, to succeed in trading, you must be strong psychicaly."</b>
<i>So how about you DT-waw? Are you a strong psychic? Enlighten me with the light of shiva! LOL!</i>
<b>"Maybe we should all focus on psychological aspects of trading, rather than seeking great systems and money management strategies."</b>
<i>Yeah, Mr.Supertrader.</i>
<b>"$150 per day with $2k acct is BS, I guess. Nooo, I'm sure it is.</b>
<i>Idiot. Stop talking about things you don't know."</i>
<b>"Sure I saw the video! Prodigy is one of my favourite bands, among Red Hot Chilli Peppers, U2, Nirvana... </b>
<i>No comments. How old are YOU, DT-waw?</i>
<b>
"I'm the trouble starter, fuckin' instigator
I'm the fear addicted, danger illustrated
I'm a firestarter, twisted firestarter,
you're the firestarter, twisted firestarter
I'm the bitch you hated, filth infatuated
Yeah, I'm the pain you tasted, fell intoxicated
I'm a firestarter, twisted firestarter,
you're the firestarter, twisted firestarter
I'm the self-inflicted, mind detonator
Yeah, I'm the one invented, twisted animator
I'm a firestarter, twisted firestarter,
you're the firestarter, twisted firestarter
starter... starter... starter..."</b>
<i>How old are you again, buddy? 13-16?</i>
<i>Open to wise and bold philosophical statements:</i>
<b>"More, anything I say *about* my belief is inside logic. Oh.. you don't get it? It's in your heart, not in your mind. You gotta feel it. How do you know sex was great? You can feel it in your penis, not in your mind! Yeah... my faith is 100% - 'banana amuse why house tree we why'. It is truth for me. If it's not truth for you, well you go to Hell for eternity iiiiihahaa!"</b>
<i>Ambitious:</i>
<b>"I want to place an 4,000-share limit order on a Nasdaq stock that has 10,000,000 daily volume with limit price between current bid and ask. What would be my chances of being quickly ( in less than 10 seconds ) filled if an order is send through Island ECN?</b>
<b>"What number of NQ100 Emini contracts can I daytrade "safely"? There's almost always 5 or more contracts on the best bid/ask levels. Sometimes 20, 50 or even 100.
I will need only one 15 inch monitor to track E-mini chart instead of 2 or 3 bigger monitors required to track 10 or more stock charts." </b>
<i> Good Luck to you, buddy</i>
<i>I think you all get the picture here.</i>
<b>"eSignal costs $185/month plus $22 Eurex fee. That's not cheap. "</b>
<i>Tight sphincter? If your bedside-vaseline doesn't work, you could always go to the local pharmacy and get "Anusol" for remedy. Heard it works really well.
</i>
<b>"The most important factor which makes profitable scalping close to impossible are execution issues, IMO. You can use market or limit orders. With limit you can get better price but no guarantee of execution, as a result market can move against your position quickly, and you can try to "catch" it with limit orders for a long time without success. With market orders spread is your cost. And it's pretty high cost. Say you make 30 trades per day on ES. Spread is 0.25 pts x 30 = 7.5 pts ~ half of intraday range."</b>
<i> Complete nonsense. Again, how dare you to judge scalpers you part-time investor. You're so full of manure man. Sorry.</i>
<b>"I've noticed: the longer time frame the more trends > noise. At intraday level: trends = noise".</b> <i> What a pile of rubbish. Go and try scalping and come back in a couple of years.</i>
<b>"Same with "cut your losses, let your profits grow". If your losses can be max 1 point, and you take every profit at 3 points, you will likely to have 3 times more losing than winning trades."</b>
<i>No comments.</i>
<b>"Computer can make so many statistics about the general nature of price behavior. It doesn't even have to know all possible price scenarios, all possible point&figure charts. Very very good system can be better than any human over the long term, since trading is nothing more than numbers."</b>
<i>Yeah. That's why computers do all the trading these days. And space shuttles fly unmanned. Why use people anyway?</i>
<b>"Thereâs a serious possibility, that majority of traderâs results come from the luck factor only."</b>
<i>No luck, brother. Hint: Just iron discipline, due diligence and hard work. U got a lot to learn, bro...</i>
<b>"Yes, that is an possible explanation. I wouldn't be suprised if FasterPussyCat, mrmarket or other internet sick freak will claim super high returns. But guys like MrNBBO, Scientist seem to be rational people.</b>
<i>Thanks for your comment.Why the sudden change of sentiment?</i>
<b>"32.33% average p.a. return in the last 5 years. 19.93% max drawdown. Very good IMO"</b>
<i>LOL - Well in YOUR HUMBLE opinion. Keep plodding, brother. You'll be in the league one day.</i>
-------------------------------------------------
All in all, I just zapped through a very few of your posts to find all this crap. If you want me to extract more stuff and go onto a serious feud with you by all means - Be afraid. I'm not gonna be peed on by dirty little dogs.
Otherwise, you can apologize for your B.S. in an appropriate manner and we forget the issue. It's your choice.
You have the choice : Peace ~ War.
Sincerely,
~Scientist
<b>Conclusion: the richer you're, the higher chances of staying longer as a trader.Certainly, it's not a rocket science!</b>
<i>Very recent "numbskull" wisdom of yours.You obviously don't trade.</i>
</b>
[Re: Time&Sales on Futures]: <b>"I also don't see any advantages to it on the futures. In 1999/2000 when many Naz stocks had daily ranges of $10-20 it made sense. But still, classic technical indicators had more or less the same value."</b>
<i>Again you have no idea what you're talking about.</i>
<b>In my view, markets at tick or 1-minute level aren't far away from random.</b>
<i>Well, you prejudiced freak - To me, 1-minute isn't random. I even use 20S,15S,12S,10S,5S charts as well as tick charts...They still form readable patterns. How dare you to judge what is and what isn't regarding what I make my daily bread with.</i>
<i>You talk about stuff you don't understand:</i>
<b>"I think your method of calculating slippage (when using market orders) overestimates it. Last trade price is either at bid or ask. So, 1/2 of your trades should have zero slippage, while other half - slippage = spread. That's why my calculations assume 0.25 / round turn. </b>
<i>Get away man. You have no idea what you're talking about? Learn about X-market and how actual slippage works. Understand ask & bid first before you poop around here like a big authority.</i>
<b>"In general, I think games like poker or scrabble are very close to trading. People I know who are very good at scrabble and poker have - first of all - strong psychical skills. So, to succeed in trading, you must be strong psychicaly."</b>
<i>So how about you DT-waw? Are you a strong psychic? Enlighten me with the light of shiva! LOL!</i>
<b>"Maybe we should all focus on psychological aspects of trading, rather than seeking great systems and money management strategies."</b>
<i>Yeah, Mr.Supertrader.
</i><b>"$150 per day with $2k acct is BS, I guess. Nooo, I'm sure it is.</b>
<i>Idiot. Stop talking about things you don't know."</i>
<b>"Sure I saw the video! Prodigy is one of my favourite bands, among Red Hot Chilli Peppers, U2, Nirvana... </b>
<i>No comments. How old are YOU, DT-waw?</i>
<b>
"I'm the trouble starter, fuckin' instigator
I'm the fear addicted, danger illustrated
I'm a firestarter, twisted firestarter,
you're the firestarter, twisted firestarter
I'm the bitch you hated, filth infatuated
Yeah, I'm the pain you tasted, fell intoxicated
I'm a firestarter, twisted firestarter,
you're the firestarter, twisted firestarter
I'm the self-inflicted, mind detonator
Yeah, I'm the one invented, twisted animator
I'm a firestarter, twisted firestarter,
you're the firestarter, twisted firestarter
starter... starter... starter..."</b>
<i>How old are you again, buddy? 13-16?</i>
<i>Open to wise and bold philosophical statements:</i>
<b>"More, anything I say *about* my belief is inside logic. Oh.. you don't get it? It's in your heart, not in your mind. You gotta feel it. How do you know sex was great? You can feel it in your penis, not in your mind! Yeah... my faith is 100% - 'banana amuse why house tree we why'. It is truth for me. If it's not truth for you, well you go to Hell for eternity iiiiihahaa!"</b>
<i>Ambitious:</i>
<b>"I want to place an 4,000-share limit order on a Nasdaq stock that has 10,000,000 daily volume with limit price between current bid and ask. What would be my chances of being quickly ( in less than 10 seconds ) filled if an order is send through Island ECN?</b>
<b>"What number of NQ100 Emini contracts can I daytrade "safely"? There's almost always 5 or more contracts on the best bid/ask levels. Sometimes 20, 50 or even 100.
I will need only one 15 inch monitor to track E-mini chart instead of 2 or 3 bigger monitors required to track 10 or more stock charts." </b>
<i> Good Luck to you, buddy</i>
<i>I think you all get the picture here.
</i><b>"eSignal costs $185/month plus $22 Eurex fee. That's not cheap.
"</b> <i>Tight sphincter? If your bedside-vaseline doesn't work, you could always go to the local pharmacy and get "Anusol" for remedy. Heard it works really well.
</i><b>"The most important factor which makes profitable scalping close to impossible are execution issues, IMO. You can use market or limit orders. With limit you can get better price but no guarantee of execution, as a result market can move against your position quickly, and you can try to "catch" it with limit orders for a long time without success. With market orders spread is your cost. And it's pretty high cost. Say you make 30 trades per day on ES. Spread is 0.25 pts x 30 = 7.5 pts ~ half of intraday range."</b>
<i> Complete nonsense. Again, how dare you to judge scalpers you part-time investor. You're so full of manure man. Sorry.</i>
<b>"I've noticed: the longer time frame the more trends > noise. At intraday level: trends = noise".</b> <i> What a pile of rubbish. Go and try scalping and come back in a couple of years.</i>
<b>"Same with "cut your losses, let your profits grow". If your losses can be max 1 point, and you take every profit at 3 points, you will likely to have 3 times more losing than winning trades."</b>
<i>No comments.</i>
<b>"Computer can make so many statistics about the general nature of price behavior. It doesn't even have to know all possible price scenarios, all possible point&figure charts. Very very good system can be better than any human over the long term, since trading is nothing more than numbers."</b>
<i>Yeah. That's why computers do all the trading these days. And space shuttles fly unmanned. Why use people anyway?</i>
<b>"Thereâs a serious possibility, that majority of traderâs results come from the luck factor only."</b>
<i>No luck, brother. Hint: Just iron discipline, due diligence and hard work. U got a lot to learn, bro...</i>
<b>"Yes, that is an possible explanation. I wouldn't be suprised if FasterPussyCat, mrmarket or other internet sick freak will claim super high returns. But guys like MrNBBO, Scientist seem to be rational people.</b>
<i>Thanks for your comment.Why the sudden change of sentiment?</i>
<b>"32.33% average p.a. return in the last 5 years. 19.93% max drawdown. Very good IMO"</b>
<i>LOL - Well in YOUR HUMBLE opinion. Keep plodding, brother. You'll be in the league one day.</i>
-------------------------------------------------
All in all, I just zapped through a very few of your posts to find all this crap. If you want me to extract more stuff and go onto a serious feud with you by all means - Be afraid. I'm not gonna be peed on by dirty little dogs.
Otherwise, you can apologize for your B.S. in an appropriate manner and we forget the issue. It's your choice.
You have the choice : Peace ~ War.
Sincerely,
~Scientist
Not only here
Maybe a little over-enthusiastic? Now it's 80% not 90. TA accuracy just dropped 10%? As you wrote many times on this board, trading is not about predicting...
Dude, my point wasn't about books. Again, you "believe that watching markets could make somebody a successful trader" . And again "I still believe you can become successful" . The road to success is through real experience, not just watching and believing.
Surprisingly enough, the other 0.3% make 5-10pts per day, because they're so good. I don't actually make this much, although I'm excellent.
This was said with a [stick-out-tongue-smily] after the "excellent" comment, which indicated irony after all the statements on that thread, saying how "excellent" they all obviously were. In the same breath, I admitted to only making a quarter of what was being claimed as an average.
You cut it out and made it look supersilious. This is not correct journalism. You're making me look like an arrogant idiot. I expect your apology on this, or I will declare war on you!
Irony? I don't think so. In this thread you wrote "In scalping you theoretically can double, triple, quadruple 1-2 pts/day" .
Why I bring this quote? You're asking: "I wonder why so many people are soo skeptical? Is trading really THAT hard to so many people?" And then you present statistics which show 99.4% traders fail over time!
NAS, ES - Everything is choppy...
I got shaken out of the tree several times today...
Must've been the worst trading day for 3 weeks or so... So I've spent more time today reading books & posting silly messages on ET
Again: Out of context! So how much did YOU make on "Fuck the daytrader day"? On top of that, again you took the smiley out, to veil the element of irony. They're called "emoticons" for a reason, dummy!
I rarely day trade. I will quote you once again "In scalping, if you're good, you should have no losing days" . Damn, face the truth boy: YOU WILL HAVE LOSING DAYS and sometimes WEEKS in scalping ! Spent some time reading books? Hmm maybe you should watch ES live
"If anybody can tell me how to do more than 3 pts on ES everyday on a consistent basis - please help me!"
No comments
You call me an idiot, so I expect apologies.
Your words speak for themselves: "Wouldn't that be less risky?" You're asking what someone thinks, I thought you know it, from your direct, real experience. Then you suspect "maybe you guys don't consider yourselves good enough" LOL An analogy comes to my mind: You claim that you have a great strategy for playing poker. You walk around the pro poker players and ask: what do you guys think about my strategy? Maybe you consider yourselves not good enough? ROTFLMAO!
Have to quote ya 1 more time, buddy:
"Sometimes I wake up in the middle of the night, impatient to see what foreign exchange market's doing..." - Get a life, brother!
"I see douple tops & v-shaped bottoms on my girlfriends"
Yeah watch girls' tops & bottoms for few months LIVE and maybe this will make you a successful lover! Without reading books...
Attacks? Well, I'm just using your own weapons, your own words! I'm not using any invectives or impolite language. It is you who called me an idiot. So, I ask for your apology. And I don't need to give you hell time. This stuff is just funny for me.