Schizo's performance on last friday's 30 points down move and after that the 30 points up move:
Code:
Today's Trade Stat
No. of Trades (Round-trip)*: 16
No. of Winners: 7
No. of Losers: 9
W/L Ratio: 0.78
Avg Gain: 2.82
Avg Loss: 2.55
Cumulative P/L: -3.25 Points
* Breakeven trades have been omitted
I must admit that it was impressive, completely miss the 60 points move. Confirms again that Schizo has no clue what the market will do. 16 trades throwing darts.
I'm sorry but I need to bud in here. If you were at all familiar with his journal, you would see how highly profitable he actually is. After weeks of calling trades in real time, he is ahead by quite a good number, and if if was about the money, trading more than one contract can be easily accomplished thereby increasing the profit in terms of dollars versus points.
You have shown absolutely nothing about actual live trading so you are in no position to comment on someone else who has been 100% transparent.
I was taking note of the gentleman, fortydraws, who was calling trades on Friday because of how highly he has been talking about you and about how this all comes down to mathematical models. I tracked each entry for the initial longs, of which there were 4 since he had such a strong conviction that price would hit 74. I then saw how quickly he moved all these contracts into a short position once stopped out, only to get stopped out again. The total losses were at least $2.6k. Now this is in no way mean to be a criticism as this is both not your trading, nor is trading ever done with 100% conviction in which way the market is going. But I bring it up because this was a trader who felt very confident in his mathematical model and yet traded it not too well. Maybe these losses are nothing in terms of the size of his account, but it just goes to show how being so sure about a move can actually still lead to losses, which is what an actual trader has to deal with in real time, not someone who just talks about the theoretical nature of how markets move.
So what have you actually shown? When you don't mention a single trade, you will of course never be wrong. I'm not sure how digging up his stat in any way proves whatever it is that you are trying to prove. Are you saying you captured 60 points? If you want to get into a pissing match, which it sounds like you want to do by bringing this up, its time to start calling some trades in real time and show the rest of us how this is done. Otherwise, just stick to your generalizations about the market or whatever other useful thing you think you want to share, but leave the actual discussions about trading to the guys willing to call trades in real time and share their wins and losses.
I've been here long enough to know that everyone is an expert about the market, and yet nobody can show any profitable way to trade it. Anyone other than schizo that is. Therefore, everyone's opinion here is absolute bullshit until they can in some way demonstrate the ability to enter and exit trades reasonably well enough to lead to consistent profits over time.
