Time to profitability

Well currently I am just 17 ;). I started with equities when I was 12, dabbled a little in options, and currently focus fully on quantitative methods to trade FX. Built up a sizable stake since then...
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When I was 12 I had a paper-route. When I was 17 I flipped burgers at Wendy's.

You little bastard. ;)

H
 
Quote from coolweb:



Traded futures for 30 more days ...
Became a price action expert.
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Wow cool - that is unreal. I just want to warn people that this kind of performance should not be expected by everyone. You obviously have some sort of innate skill or capability which allowed you to 'see' what needed to be done faster than most, and then you have to have the discipline necessary to stick to your game plan. It is just amazing that you have had this kind of success so soon after starting. Will you ever consider teaching others how to trade or is your account big enough that you will never have to do this?

You mentioned that you switched back to stocks to take advantage of the retards - would you say that you are usually trading against other retail traders or are the fund/institutional guys just as dumb as the average Joe trying to trade a 100 lot? The reason I ask is that so many people seem to complain about how the big players have an advantage but it doesn't see to be bothering you very much!!

Anyways, you are living the dream and it is obviously because you have something that 95% of people on here only wish they had. I will be reading every one of you posts from now on. I hope you keep posting and throw a bone to the rest of us once in a while!!

Take care, man.
 
Quote from reno4nook:

I've heard it often takes about 2 years to be consistantly successful.
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Ha!! Maybe for most people, but there are a few guys on here, guys who are probably geniuses compared to you and I. One of them just posted on this thread. We should all just shut up and watch - we might learn something.

Rock on, coolweb!!!
 
I know, 1+ month of being profitable and a huge ego to boot :D. I mean, he IS already an expert on price action. What more can you ask for!

Quote from traderNik:

Ha!! Maybe for most people, but there are a few guys on here, guys who are probably geniuses compared to you and I. One of them just posted on this thread. We should all just shut up and watch - we might learn something.

Rock on, coolweb!!!
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we aren't worthy...

Sorry, I just couldn't help it. If you go around with 'Smash me in the face' written on your forehead, eventually you are going to get punched. Back to the topic of this thread.

I am actually curious about why the original poster asked this question? MB? Can you tell us why you asked?
 
Quote from traderNik:



You mentioned that you switched back to stocks to take advantage of the retards - would you say that you are usually trading against other retail traders or are the fund/institutional guys just as dumb as the average Joe trying to trade a 100 lot? The reason I ask is that so many people seem to complain about how the big players have an advantage but it doesn't see to be bothering you very much!!
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I do not take money from the average joe, the average joe doesn't have much for people to take,

Advice for you:

What the retail traders do is, they are usually used to setup moves where the insitutionals/marketmaker/specialists will use to complete.

The MM/Specs will use retail lots to run stops, jack up prices, scare tactics, basically the only type of lots that will be dumb enough to be buying at those prices.

Steve, I'd like to tell you again, I do not care about you, please do not obesses whenever I post.

I always share general but important information for free, which is why I get to where I am quick, I always get much more back in return.

People who are
a) jealous
b) sarcastic
c) Confidence without foundation
d) close-minded
e) Selfish


Will always be one step behind. They think they got game, when they are still living paycheck to paycheck or should I say propcheck to propcheck.

Who did I own on this thread, open the mind and you shall succeed.
 
I was having a good chuckle over TraderNik's OBVIOUS sarcasm toward your posts. You arent the sharpest tool in the shed since you cant seem to figure out that we are laughing AT you not WITH you.
If you want to be taken seriously, you need to drop the "I am god, I have figured everything out already" attitude and come back down to earth.


Quote from coolweb:

I do not take money from the average joe, the average joe doesn't have much for people to take,

Advice for you:

What the retail traders do is, they are usually used to setup moves where the insitutionals/marketmaker/specialists will use to complete.

The MM/Specs will use retail lots to run stops, jack up prices, scare tactics, basically the only type of lots that will be dumb enough to be buying at those prices.

Steve, I'd like to tell you again, I do not care about you, please do not obesses whenever I post.
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People with confidence do not care what other people think of them.


You must be mighty proud of your gold star elitetrader.com reputation though, props, definately very respectable.

I'm hoping to get my first gold star as well one day.
 
Confidence is one thing, confidence is healthy. Everyone should be confident in themselves. But your problem is not confidence, its arrogance.
 
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