I believe ya. I believe I can take it to the next level and put up 10k+ a day in the future. Keep up the great work.
I think your style is similar to mine.
Trader P/L 2006 Questions and Discussion
- Thread starter polpolik
- Start date
I believe ya. I believe I can take it to the next level and put up 10k+ a day in the future. Keep up the great work.
I think your style is similar to mine.
First off let me say that I believe all of the P/l posts. 2nd, i wouldn't disclose strategy and/or stocks I trade.
But in reality I think RM or Steve T or Husky or NYSEKiller could go and post their startegy to the T. Or lets say they gave it to ten traders, I'd bet that at the most, 3 traders would be able to duplicate the performance. I'd even go as far as saying only 2 traders would make $ from it.
I'm pretty sure this theory has been proven already.
Anyway, thats just my take.
Ditto.
I recently shared my trading plan with someone and they completely F'd it up.
I was even on the phone with them the Whole friggin trading day, the whole day by speakerphone.
They kept changing MY plan and screwing up money management.
Wouldn't Enter a trade when the plan called to, didn't exit when I said to, etc...
MoFo kept changing my plan which makes money every friggin day. I No longer talk to him.
Friggin drove me nuts.
I tried posting everyday my real p&l from my oanda forex account, i stopped because i thought who really wants to see naz's $500 forex account adventure?
Now that i think about it, why the hell not!
Even if i make a laughable $30 bucks a day thats 6% and 6% is 6% right?
So JPMowery i'll post a forex account. I mean if i'm a good trader i'll make money, no matter how miniscule it is.
In this field results = respect so if you want respect man up and post everyday rain or shine.
I mean really, wouldn't it be cool to publicly take a laughable $500 account and turn it into some real money??
Now that i think about it, why the hell not!
Even if i make a laughable $30 bucks a day thats 6% and 6% is 6% right?
So JPMowery i'll post a forex account. I mean if i'm a good trader i'll make money, no matter how miniscule it is.
In this field results = respect so if you want respect man up and post everyday rain or shine.
I mean really, wouldn't it be cool to publicly take a laughable $500 account and turn it into some real money??
Anyone who post fake numbers on the P&L thread is serious deranged and probably has mental illness. That being said, it's probably a good guess that mainly successful traders will post their P&L numbers. Just think about it, if a person was losing money and not very consistency, would they post???. This is just a guess but I am assuming that most of the nay-sayers and disbelievers are the people that probably are not making any money and are bitter. I understand their resentment towards successful traders. Because I think I am a smart guy and if I wasn't making money then I would just think it was almost impossible/inconceivable that other people were making money. I don't think I every meet a successful trader that had a negative attitude towards trading, markets, or just life in general. Just food for thought....
Do it, I might start posting as well, not sure, but looking forward to it. Every time I say I will, I don't, but maybe this time is different.
There seems to be consistent thinking among loser traders.
"If I can't do that then nobody can do that"
If someone was not making money, they most likely would NOT be posting on the PnL. It's completely possible that out of the thousands of members of ET, that there are 10 consistent traders posting on PnL.
If you play 10 hands of blackjack, you may be up or down. If you play 1000 hands of blackjack, the casino's 2% edge will play in and you would lose your money.
Many of these traders posting trade hundreds of thousands of shares a day. Trading their edge hundreds of times, their chances of profitablilty for each day are much greater than people whos edge only trades a few times a day.
Good Luck!
"If I can't do that then nobody can do that"
If someone was not making money, they most likely would NOT be posting on the PnL. It's completely possible that out of the thousands of members of ET, that there are 10 consistent traders posting on PnL.
If you play 10 hands of blackjack, you may be up or down. If you play 1000 hands of blackjack, the casino's 2% edge will play in and you would lose your money.
Many of these traders posting trade hundreds of thousands of shares a day. Trading their edge hundreds of times, their chances of profitablilty for each day are much greater than people whos edge only trades a few times a day.
Good Luck!
The first day I posted my blotter, May 22, I grossed $8,154.23. As anyone who reads the p and l thread regularly knows, that was not a typical day. I think it would have been a real dick move to post only that and not come back. The reason I posted in the first place was to vouche for Steve T's performance. He doesn't need me for his credibility per say, but he is passionate about what he does, I consider him to be a good contributor to these forums, and I didn't want him to get discouraged. Since that time, I have had 5 gross losing days. Only 2 of these 5 were over $100 gross negative, with the largest one being down $598 gross. My worst gross loss this year was on January 24, when I was down $940 to the market. I've had 18 down days to the market this year, which is too many as far as I'm concerned.
Since this is my only job, I either get paid when I go to work or I pay to go to work. I don't know about you, but I don't like paying to go to work.