Surf's Special Situation Journal

[cornix]

Quote from marketsurfer:

I am talking about at home retail traders, particullarly those who trade FX dealers like our resident siberian pyschologist.

Resident Siberian psychologist was one of the people who showed you live performance record upon request and without hesitation... But you behave like it never happened and keep repeating "impossible"... mantra as you like to call it.

 

[cornix]

Quote from marketsurfer:

absolutely. HUGE risk would be the only possible way to make it-- these churners who claim to have started with very little but built up a huge sum by day trading, at home, are simply not telling the truth.

surf

What % ROI per year would you consider as a "possible" to live "good lifestyle" from? Tell me the figure.

 

[R. Raskolnikov]

He doesn't really want proof. He wants to stick to his preconceived notions of what is or isn't possible. Notice how he keeps avoiding you when you mention this or the TA trader who did well in the combine (AustinP)

Quote from cornixforex:

Resident Siberian psychologist was one of the people who showed you live performance record upon request and without hesitation... But you behave like it never happened and keep repeating "impossible"... mantra as you like to call it.

 

[marketsurfer]

Quote from NoDoji:

5-min core setups and 1-min continuation setups in a defined trend. Scalp for minimum .20 except in stop-and-reverse situations.

I almost always have six trades in first couple hours.

I know a scalper who targets 7-8 ticks and has far more trades than I do.

Do you ever have a losing day,what about a losing week?

surf

 

[cornix]

Quote from NoDoji:

This is real for me, too. Maybe it's only unreal for you?

Oh no, don't tell me you use stop-losses? Didn't you know they are for the weak hands only, especially 6-12 tick stop-losses?

 

[TRS]

Quote from marketsurfer:

No, man, you are not understanding what I am saying. Clearly, folks with plenty of OPM, institutional level access, edge and leverage can make a fortune trading. I am talking about at home retail guys who start with next to nothing then claim to have built that amount up to the massive amount needed to actually trade for a living while maintaining above unibomber, midwestern living standards from nothing but their day trading over a number of years. I don't believe these folks exist despite the claims-- if they do, there is another income source or personal wealth that actually pays the bills. surf

Why the need for OPM when markets provide enough leverage to hang oneself...

You really do overcomplicate what is essentially buy, sell & no position.

 

[marketsurfer]

Quote from cornixforex:

Oh no, don't tell me you use stop-losses? Didn't you know they are for the weak hands only, especially 6-12 tick stop-losses?

Yes, I was a weak hand in the Apple trade--that's why I used stop losses-- folks that test mechanical systems say over and over again that stop losses degrade system performance-- why do you think this is? surf

 

[cornix]

Quote from marketsurfer:

Family money? I know several extremely wealthy russians-- richest and wildest spenders I have ever seen--- I know when you folks say "business" you are not talking about the local pizza shop... surf

Surf, I am from the family of university professors. Ask your wife how much money do university professors have on average in Russia? Wanted to put in a smiley, but suddenly felt sad cause it's really sad how much they make compared to university professors in the US.

P. S. No it wasn't local pizza shop, but neither it was an oil well (if it was I maybe wouldn't start trading at all, because trading attracted me by it's potential scalability as the #1 reason).

 

[marketsurfer]

Quote from TRS:

Why the need for OPM when markets provide enough leverage to hang oneself...

You really do overcomplicate what is essentially buy, sell & no position.

You can't spend leverage. Not to mention, it cuts both ways-- yeah, take a huge risk with huge leverage---- you may get lucky, then again you may not.

Because you need to constantly be depleting your account for living expenses, unless you live like a hermit, of course. which many may, I have no clue. surf

 

[NoDoji]

Quote from marketsurfer:

I am talking about at home retail guys who start with next to nothing then claim to have built that amount up to the massive amount needed to actually trade for a living...

Massive amount? An experienced price action day trader who trades only one or two setups can average a steady $400/day using no more leverage than a $10K account allows. Do you not consider that a "living"?