the londonkid report
- Thread starter londonkid
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weekend thoughts - I will continue with this journal on a trial basis for now and see how it goes. It has provided much entertainment so far and I am sure readers are enjoying the 'car crash' aspects as well as market talk. As long as it doesn't affect my trading performance at the firm it's all good. I will take some trades here and there on my personal account, if I am in the office it's harder to do for obv reasons.
Calling levels - When I call levels highs/lows this is based on my analysis. I use this bigger picture analysis to frame trades the market can and will do anything it wants. The bigger picture analysis doesn't have to hit 100% for me to bank. As you can see from yesterday I managed to bank green even though the market didn't move up as far as I thought it would.
A note on opinions - Consider this. c. 1.6m contracts traded on the ES yesterday. The vast majority of the traders who staked money in this business lost money this week. It is a constant cycle of traders shovelling money into the market with 95%+ of traders losing money over and over again, bleeding out accounts whilst a tiny number walk away with the green. The fact is the vast majority of traders on this forum/twitter/on this thread have never made consistent money in this business yet a good deal of us are expressing ourselves like we own the markets. By definition we cannot all be right in this business, this business is rigged to transfer wealth from the masses to the few who know how the game works.
Just know that for every 100 people here who say 'this is how it works' etc. 95+ of them have absolutely no clue wtf is going on and that could include me - everyone will decide who they think actually banks in the business. Some of them earn money by 'teaching' others how to trade which is a strange one as why would you do that if you could consistently pull out green from the market.
I love the game but I hate the players.
GW.
Calling levels - When I call levels highs/lows this is based on my analysis. I use this bigger picture analysis to frame trades the market can and will do anything it wants. The bigger picture analysis doesn't have to hit 100% for me to bank. As you can see from yesterday I managed to bank green even though the market didn't move up as far as I thought it would.
A note on opinions - Consider this. c. 1.6m contracts traded on the ES yesterday. The vast majority of the traders who staked money in this business lost money this week. It is a constant cycle of traders shovelling money into the market with 95%+ of traders losing money over and over again, bleeding out accounts whilst a tiny number walk away with the green. The fact is the vast majority of traders on this forum/twitter/on this thread have never made consistent money in this business yet a good deal of us are expressing ourselves like we own the markets. By definition we cannot all be right in this business, this business is rigged to transfer wealth from the masses to the few who know how the game works.
Just know that for every 100 people here who say 'this is how it works' etc. 95+ of them have absolutely no clue wtf is going on and that could include me - everyone will decide who they think actually banks in the business. Some of them earn money by 'teaching' others how to trade which is a strange one as why would you do that if you could consistently pull out green from the market.
I love the game but I hate the players.
GW.
lol dude. I know a ton of prop traders in the UK, trust me they all have IG accounts and they all do stuff in their personal account. This is not a problem as long as its relatively small and is in different instruments to your firm stuff although I see plenty of people banging IG on work stuff as well. I have a good relationship with the owner of the firm, I am sure if I asked him do you mind me doing a bit spread betting in my IG account, he would either laugh or say something like only if you tell me what you are doing so i can copy it. He would have a problem if it interfered with firm trades.
troll denied - you carry on eeking out $50k as a mentor.
PS - pay surf the $1k you owe him
PPS - strap yourself in guys he gunna blow.
You stated on here that you would not even mention CL because you did not want to jeopardize your deal and you specifically mentioned your NDA. No futures prop firm that forces an NDA is going to allow you to trade "small" in your personal account.
See, you buy /es and short the CFD. You wait for the shit to move in your direction and you sacrifice your prop account.
Worse, you cross trades and pocket the edge. Offer at work and meet that offer in your personal account. omfg, you are so FOS.
W_T_F do you think the NDA is for?
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haha you are biting. so what are you implying now that I don't trade for a prop firm? lololol. In the real world mate the risk manager would pull the plug before any damage was done. You are assuming I have no capital contribution to the firm? Pocket the edge on a CFD hahahahaha. Classic case of textbook meets real world. I am actually going to dig out my contract now and see what it says.
ha let the readers decide for themselves Dest. I am actually enjoying myself.
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