Stock trading is pure gambling, enjoy!

themickey said:
Treat it seriously but fun like you are accountable to a good boss who is watching you.
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Mickey, Sometimes you come up with a real gem and this is a quote that I will remember.

BTW, You seemed to demonstrate in your very first post the exact opposite of your thread title. You laid out in some detail as to how to make it not gambling. I am puzzled by your comment that you are making definitive changes in your trading style. Over the years you have seemed to be a pretty good swing trader.
 
SimpleMeLike said:
I just call trading Making Money everyday, that sounds more better. Trying to think of what trading is TOOOO MUCH WORK, and I hate working hard.
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SML, Not too long ago you were SIM trading and your trading system was guessing what the market was going to do. Now, in thread after thread you pontificate how you make money every day. No One beats the market every day so be honest with us with a few statistics. You don't have to give us trades or even profit numbers. Just tell us this:

1. Since you turned into a profitable trader how many days have been profitable and how many days have been losses.

2. On profitable days what is your average profit after commissions for 1 ES Contract. If you are trading multiple contracts on different days just give us the 1 contract breakdown.

3. Provide same information on losing days.
 
TrailerParkTed said:
I can’t believe the risk Faust takes, I’ve been following his posts almost a year. His equity swings are $500k to $1m. A hedge fund using a smaller account or just insanely good and lucky?
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There's no doubt this dude is made of steel balls. But then again, he was trading a bull spread, so the risk was pretty much capped. Still, he likely timed his trade very well. But why am I saying the obvious? You know all this already. :)
 
Illini Trader said:
SML, Not too long ago you were SIM trading and your trading system was guessing what the market was going to do. Correct, I was sim for about 2-4 years off and on. Now, in thread after thread you pontificate how you make money every day. I do have losing days, but most are winning. No One beats the market every day so be honest with us with a few statistics. I have no clue who beat the market or what beat the market even mean, too much work thinking about this. You don't have to give us trades or even profit numbers. Just tell us this:

1. Since you turned into a profitable trader how many days have been profitable and how many days have been losses. I do not know this because I do not journal and look at trades, I just try to my make money. Some days I lose, but majority of my days are winning.

2. On profitable days what is your average profit after commissions for 1 ES Contract. If you are trading multiple contracts on different days just give us the 1 contract breakdown. I do not know this answer because it varies there is not set amount of my profit. Some small profits and some big profits. I do not track this metrics.

3. Provide same information on losing days. Losing days, I lose alot of money
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Hello Illini Trader,

thank you for questions.

I respond to questions in red

I am not doing anything speculator, I just trade everyday and try to make money. That is it man. nothing more than that.

That is pretty much it man. Open the ES chart, and makes bets all day and everyday, eventually you will make money.

I believe the problem most traders have is they think the answer or holy grail to trading is Online, or website or book or someone will give you a direct answer or special setup or method. It will never ever happen.

The answer is right between your two ears. Just focus on making money every day/week/month and it will happen.

The market is open for 23 hours a day. Plenty of time to figure it out.
 
Illini Trader said:
Mickey, Sometimes you come up with a real gem and this is a quote that I will remember.
BTW, You seemed to demonstrate in your very first post the exact opposite of your thread title. You laid out in some detail as to how to make it not gambling. I am puzzled by your comment that you are making definitive changes in your trading style. Over the years you have seemed to be a pretty good swing trader.
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I think for all retail stock traders, no matter what system they employ, it becomes gambling because (a) we are lacking in information (b) lacking in education (c) constantly flummoxed by the manipulation (d) Professionals have access to tools and data and communication between each other that the retail guy wouldn't even dream about.

Retail at best are flying blind, they think to predict using MA's, fibs and the other plethora of useless indicators, imo, stocks don't react much to that nonsense, and if you think in terms TA is a religion with its deluded cultists, that'd be right.

It's not to say retail can't be profitable, they can, but its like the 5% minority who do and tell you only half the story how they do it.
 
themickey said:
I think for all retail stock traders, no matter what system they employ, it becomes gambling because (a) we are lacking in information (b) lacking in education (c) constantly flummoxed by the manipulation (d) Professionals have access to tools and data and communication between each other that the retail guy wouldn't even dream about.


Retail at best are flying blind, they think to predict using MA's, fibs and the other plethora of useless indicators, imo, stocks don't react much to that nonsense, and if you think in terms TA is a religion with its deluded cultists, that'd be right.

It's not to say retail can't be profitable, they can, but its like the 5% minority who do and tell you only half the story how they do it.
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(A) Of course it's an information war(part of that also being how fast you can parse the data to effectively act) and retail is losing. That we agree on. Where we disagree is that retail is destined to be left in the dust by unattainable things professionals have. A lot of retail is almost willfully ignorant and wants to do everything themselves. In fact most people here recommend and say it's best to trade alone and trading is a solo venture. Logically though what are some of the biggest advantages professionals have? It's actually other people and networks they build. Other people to help in:
* The analysis side
* To bring in more capital
* Some even have access to risk managers
* Coders etc etc

So without listing every single thing out the point is they have other people and team work. The things people say on here rarely make sense. We as retail should pursue trading mainly as a solo thing, yet you envy the advantages of professionals when a lot of their advantages come from partnering up and team work. Brilliant.

(B) Not much to say about this. I agree actual education as far as an all inclusive package of what it takes to be a long term successful trader (particularly intra-day) is lacking to say the least.

(C) This is what I disagree with. The manipulation is actually the reason why some retail traders are able to make outsized gains. Because they learn how the markets work and they not only know it's manipulated, but they find a way to use that to there advantage. Otherwise you're just left with time and account size as your primary edge, with maybe also choosing to rely on the natural bullish bias of major US equities. Those three things are pretty much what 95% of investors and even traders rely on.

(D) I address D within (A) already.


As far as TA I don't concern myself about people who praise it or people who say it's nonsense. Why would you do that if you know and agree the trading world is full of misleading information and disingenuous people giving out a fake shake of hands? Wouldn't you research for yourself using logic and math and if you found something that works use it and if it doesn't work don't use it? That's what I do. It's irrelevant to me what others think of TA. I back test and forward test and use what shows results. Isn't that the best approach to take towards it?
 
themickey said:
I think for all retail stock traders, no matter what system they employ, it becomes gambling because (a) we are lacking in information (b) lacking in education (c) constantly flummoxed by the manipulation (d) Professionals have access to tools and data and communication between each other that the retail guy wouldn't even dream about.

Retail at best are flying blind, they think to predict using MA's, fibs and the other plethora of useless indicators, imo, stocks don't react much to that nonsense, and if you think in terms TA is a religion with its deluded cultists, that'd be right.

It's not to say retail can't be profitable, they can, but its like the 5% minority who do and tell you only half the story how they do it.
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Hello themickey,

Retail traders, professional traders, what is the difference? There is no difference.

If you are a trader, you have to make ALOT of money. That is the bottom line.

I think it is best to not take trading very serious a trader. Just do the best you can and do not blow your account and lose all the money.
 
vanzandt said:
Hello SML...
Can we get a pic of "peach-butt"?
https://www.elitetrader.com/et/thre...ure-gambling-enjoy.378436/page-9#post-5932678
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Hello vanzandt,

Lol haha I wish I could man show her ass. It's fat too like a pear. But she saw me on this website that night I was messing with Overnight, she probably tracking me on cause she thought some of the post was funny. Lol, she ask me today is Overnight still fucking with me. Lol.

I would show you but she might find out and start tripping.
 
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