Too Many Traders Are Cry Babies...

destriero said:
That's meaningless. You're not defining their avg W/L. No risk-adjusted stats.
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Correct. If their W/L is 60=70%% and their average up day is $30M then they can withstand the occasional $15M-$20M drawdowns. Hopefully their worst drawdown is not $60M.
 
trader99 said:
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.
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I think you're wrong in your thinking here. You cannot aim for $1K average as the market has no obligation to give that to you. Have you studied the trade long enough to know that it can give you $1K average? I doubt it.
 
trader99 said:
Everything is moving like molasses today. Anyone else noticed? I guess all of Wall St is on vacation. haha
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They're waiting, its holiday time, they can afford to wait. They're waiting for others to follow through on the Chinese tariffs row-back, for Jackson Hole and for the Fed to firm up what they're planning to do. Worst of all they're possibly just waiting for another Trump tweet.
 
nooby_mcnoob said:
I think you're wrong in your thinking here. You cannot aim for $1K average as the market has no obligation to give that to you. Have you studied the trade long enough to know that it can give you $1K average? I doubt it.
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That's why I laid out the calculations to account for losing days and flat days. To have an average $1K then on good days I should shoot for $2K+ so that when I average over time it will work out to be $1k/day.
 
vanzandt said:
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.
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Surf liked to show on ET the keys to his car and his wrist with fancy watch on.
He was proud of Price Drivers but it was a Pile Driver.
I think OP of thread got it right
MarketAddict said:
There are too many traders that are cry babies in this world. They have the "If I can't do it then it can't be done" mentality. They say things like "it's impossible", "the market is random", " there's no way someone can trade full time" blah blah blah.. Guess what? Just like Garvy V says - No one cares!!..

People think that the market is not a business and they can come in the market and make money right away LOL.. Good luck! You are going against billionaires, millionaires, scientist, math wizards, pros, insiders and more..

There are many reasons why trading is hard in the beginning.. First, you have to unlearn a lot of beliefs that you learned from society.. We were taught that winning is good and losing is bad in our society... But in trading, losing is part of the game and most traders can't handle it and do revenge trading because of it..
There are plenty of people who trades full time so please stop crying.. Nobody cares and nobody said it would be easy. So you can either quit or put in the necessary work to be successful!
Peace!
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220px-Woltman_50PR_pile_driving_rig.jpg

Note the debris in pic.
 
trader99 said:
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...
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I sure would be fun to find out. ;)
 
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