Quote from Trader666:
Jack, I think that "blotter" is probably bullshit but let's assume it's not.
I think it's telling that you're posting a short from 700 points higher... surely you have much better and more recent examples.
Use Neoxx's family of curves for about six levels of trading for a 10 day period. It's a semilog graph by necessity. Getting to 40 contracts is one of the points it makes.
You make the point that the blotter was stale. It is stale; it was half way through 2008 whose annual chart I posted in December of 2007.
Lets do the math on a hold from 03JUN08 until 700 points down which you also noted. Shall we just keep it at 40 contracts or should we run it up to market capacity during that inteval?
How about we do more than one trade a day for each day?
The deal for boot camp was to get in the market at open and do reversals during the day when the correct time arrives. Ohhh, and add contracts from profits only.. Get it?
So 700 points later in just one direction? Your statement is simply bullshit.
40 contracts times 700 points times 50 bucks a point is only 1.4 million.
I've posted a blotter larger than that for review for just one day AND in stocks........
We put up a five year series of posts about stocks and commodities and it was done in a step by step way.
Who the heck would just have made a lousy 700 points going short since 03JUN08? Name one person who would have traded on that lousy level. Name one..... LOL....
Making 700 points per contract since 03JUN08 is bullshit........