Trader P/L 2006 Questions and Discussion
- Thread starter polpolik
- Start date
You know what?
Nysekiller does deserve credit for one thing: At least his forgeries didn't harm any bears!
Nysekiller does deserve credit for one thing: At least his forgeries didn't harm any bears!
Yeah you are right, it is completely unthinkable and improbable to lose passion and interest, especially for a career where you are glued to the screen for hours at a time without blinking your eyes and are forced to undergo nervous system ups & downs. Because after all, the daytraders try to pride themselves about their "freedom" from the 9-5 corporate race where everyone hates their job. Hence it is impossible to ever start disliking what you do as a daytrader, because then you would have to face the big irony. So make sure you avoid all other interests and opportunities cause you might be labeled as a "washedup trader" by palmbeachdude.
Make a profit, spend a couple years doing it full time, then start passing judgements. Try to use that tool between your ears, do you think I would have bought a 3 monitor system for part time remote trading if I was unprofitable when I left?
I think there may be a connection. Wasn't Nysekiller's tag "Cubby" before the more recent fake results? HmmmQuote from Rearden Metal:
You know what?
Nysekiller does deserve credit for one thing: At least his forgeries didn't harm any bears!
You missed the point completely dude. It is being bitter and judgemental and going on negative rants that is posotively correlated with failure.
And trying to convince someone of your trading prowess by explaining how many monitors you own is just another nail in the coffin.
Quote from maverick74:"The rule at our firm was, the more screens a guy had, the more negative his account was."
Clearly you missed the context of Maverick's post. Do you seriously believe that such rules can be made about trading and that they apply to everyone? It shows a particularly unthinking approach to understanding the markets that usually is adopted by naive players looking to learn from more experienced hands.
Quote from billybobnasdaq:
To shed light on the F trade, I could've told you all it was fake.
I was moving around the stock before the MLCO upgrade. The only way he could've accumulated 1M shares of the stock, was to have gotten the heads up from Merrill. (which he didnt get)
There's no function in the world which allows you to snatch up 5-8 levels of F (including the specialist) with one print. He also barely paid any fees that day. Glad his BS was exposed.
There's no way he'd be able to scale out of 1,000,000 shares++ without substantially taking the stock down... unless he was selling into todays rally
S
You know, when I saw that post, I was thinking the same thing. Nearly 1/3 of the volume in F? Why would anyone pushing that type of volume on F show it? I mean F is thick, there's gotta be serious money in play and here we have a guy who is pushing 1/3 of the vol? That was difficult to believe but to be honest, I ate it up: saying WOW, this guy is amazing, it would take me years to get to being so casual about that kind of trade, I am nowhere near that kind of mental/monetary level...
After I sobered up, the part that stuck in my mind was the flippant attitude behind it, almost like it wasn't a big deal. Well, last month, I had a very good day and it was a HUGE deal for me. I have struggled to keep my patience and objectivity for so long and finally came a day when everything "clicked". It felt really good, a trade that was years in the making to work just like I planned... I've actually been taking time off the market because it affected my perceptions tremendously about what can be done. (RM's posts have also had the same effect, thanks RM)>
I guess the lesson may be to not give the benefit of the doubt to people who possess little humility.
RM -- how did you swing DAKT to make that cool half mil? Or are you a strict daytrader?