Too Many Traders Are Cry Babies...

[ironchef]

I am quite certain des is fraud... what kind of big shot trader has time to stalk some random guy on the internet lol.

No, the real deal.

He is actually providing a valuable service here. Exposed a few blatant fakers in the past.

 

[themickey]

Oh dear god I hope neither of the kids end up like me. I am all kinds of fucked up.

Prolly the lot of us, the whole shebang, Baron's fault

 

[Wheezooo]

"what kind of big shot trader has time to stalk some random guy on the internet lol"

It's those types of behaviors that makes me believe him.

 

[vanzandt]

like Mr. Surf, ZB32, some of those Indian dudes that came around, etc.

Surf wasn't a fraud. How can you even say that?! I know he was not thought kindly of by many here, and the trades he called out were the butt of many jokes, rivaled only by @Buy1Sell2 for their accuracy and timing, .... but a fraud? No. Surf may be many things, but he's not a fraud.
That's a little harsh ON.

 

[trader99]

I buy him dinner if he calls me a kid. I wish I were a kid again.

You realize what you just said? If you average $1K a day, you made $250K a year. Unless you live in SF, NYC, you don't need your day job.

Today I'm basically flat. So to average a $1K/day it means on some days I have to make $2K+ to maintain the $1K/average to account for losing days or flat days like today.

Yesterday I had a chance to make $4k-$5K. should have taken more risk.

Today, the markets I trade are flattish. So, it's NOT so easy to average $1K/day you see?

One of the Market Wizards said people are trying to optimize the frequency of wins instead of the magnitude of gains. Not exact words. You don't need to be positive every day, which is what I've been trying though not always successful. It's just that on winning days when everything lines up I should go for the kill! Max out. On flat days just make a little or minimize losses.

Because the distribution of REAL trading P&L will not be $1K every single day. So when the opportunity is the JUICIEST go for the kill! lesson learned.

 

[nooby_mcnoob]

Today I'm basically flat. So to average a $1K/day it means on some days I have to make $2K+ to maintain the $1K/average to account for losing days or flat days like today.

Yesterday I had a chance to make $4k-$5K. should have taken more risk.

Today, the markets I trade are flattish. So, it's NOT so easy to average $1K/day you see?

One of the Market Wizards said people are trying to optimize the frequency of wins instead of the magnitude of gains. Not exact words. You don't need to be positive every day, which is what I've been trying though not always successful. It's just that on winning days when everything lines up I should go for the kill! Max out. On flat days just make a little or minimize losses.

Because the distribution of REAL trading P&L will not be $1K every single day. So when the opportunity is the JUICIEST go for the kill! lesson learned.

What is your strategy?

 

[trader99]

Are there really big shots pulling 30 million in a day?

If there are big shots trader pulling $30M a day then it means that there are days that same big shot trader has a drawdown of $15M-$20M and an occasional $40M down day.

can someone stomach that...

 

[nooby_mcnoob]

If there are big shots trader pulling $30M a day then it means that there are days that same big shot trader has a drawdown of $15M-$20M and an occasional $40M down day.

can someone stomach that...

I just want to know what to aim for.

 

[nooby_mcnoob]

That's not what it means.

Say there is 4K to buy at 2915 ES. That may represent 100 bids. Steve Cohen hitting that bid for 4K represents one seller.

Like on the TV show with the tennis shoes? Is that the guy?

 

[destriero]

If there are big shots trader pulling $30M a day then it means that there are days that same big shot trader has a drawdown of $15M-$20M and an occasional $40M down day.

can someone stomach that...

That's meaningless. You're not defining their avg W/L. No risk-adjusted stats.