Trader P/L 2007 Questions and Discussion

[john12]

why is mnx a respected poster? because he trades with shit swift out of canada and pays 11 cent a trade?because he makes 50% payout?whats mnx a bike?

 

[aeliodon]

Quote from john12:

why is mnx a respected poster? because he trades with shit swift out of canada and pays 11 cent a trade?because he makes 50% payout?whats mnx a bike?

LOL - you're too much john - jealous of everyone that makes more than you.

 

[Cocaine]

I didnt say well respected

Quote from john12:

why is mnx a respected poster? because he trades with shit swift out of canada and pays 11 cent a trade?because he makes 50% payout?whats mnx a bike?

 

[RL8093]

Quote from islands111:

here's how I cam to my conclusion MBA is a fraud.

that one day, he said he lost 100k+ in a single day trading ES.

well, if you look at a chart of that day the market was fairly flat w/hardly any movement.If I tried, I couldnt lose 100K in a market like that.Pure randomness wouldn't let it happen.

take a look how many contracts he traded that day.lets say he trades 5-10 contracts round trip.Given the lack of volatility that day, plus pure randomness, it would be impossible to lose that much in a single day.Even if a person tried to.

after that day, I changed my tune and decided he's a fraud.

You totally demean someone based on your assessment that 8.29.07 was a flat day ...

Quote from islands111:
what hes doing is terrible.the guys got no morals at all.

I don't think MBA is the one who's missing some morals.....

Collectively, those who are trashing MBA for being a fake should take a long look in the mirror before making these accusations. The evidence you've presented so far is much more about your own weaknesses & inabilities to be consistent / successful than anything MBA has done. For all I know, he may be fabricating the numbers (although that is not what I currently believe) but your evidence is far from compelling - especially considering how strong the convictions ....

R

 

[islands111]

Quote from neke:

Try doing what the others suggested: doubling in your short positions as the market moved higher (assuming you have a sizeable account that can hold more than 150 contracts at the same time). What happened to him can easily happen. And by the way that day is total contracts traded was over 600. Probably he used to scalp, but that day decided to go directional and fight the market (who hasn't done that?) and got toasted.

directional is not his style of trading.He goes in and out for about 1 ES point or less per trip.6-10 contracts at a clip.

more or less 70 round trips that day and he lost on almost all of them?the chances of that happening are next to impossible.Every time you take a trade its 50/50.Think about it, 70 trades with a 50% chance of succeeding and he lost on all/or most of them.

think of the odds of that happening?

and nothing was wrong with his system, because we have had similar days like that since and he has not posted a losing day since.

 

[Rearden Metal]

Quote from aeliodon:

OMFG - if I ever go from making a few hundred to a few thousand a day - I'll never post it. You guys are jealous mofos.

You just can't stand the fact that someone can be more successful than you. Well MBAGH has said he's been on ET since 2002 so I assume he's been trading for over 5 years now - so it ain't like he's a newbie. His numbers aren't spectacular considering the amount of contracts he's trading. And he's posted a -120k loss, and I don't think he has still recovered from that as of yet, so he is human. Remember Chauncey the last badass trader posting those kind of numbers - I bet you jealous mofos drove him away from this site as well. The winners get harassed and driven away while the losers take over this site.

It's not all that bad... I've been treated respectfully by 98%+ of the guys here.

 

[luckyluciano]

misery loves company! Losers love to hang with losers & gossip about others.

We should believe it's true so we can believe it is possible!

 

[sacramento343]

every time you take a trade it is 50/50, and the day mba lost 130k was a flat day. ha. great insights into the market, island.

anyway, enough with the gossip and shit talking. There are people making a lot more than MBA out there. If you don't know any, network around the trading community a bit. I am happy he has been doing well, and hope him continued success. Don't hate, emulate.

 

[islands111]

notice I havent said anything about dustin, red ink, szeven, patrick, etc..............

but when I see a fraud like this guy I will post about it.I dont like people playing games.

and as for what I said about a lawsuit, I think there is merit to one.If I find the right attorney and we use the proper angle...........Like I said, it will be a groundbreaking case.

 

[Red_Ink_inc]

Quote from sacramento343:

every time you take a trade it is 50/50, and the day mba lost 130k was a flat day. ha. great insights into the market, island.

The day he posted that big loss was a day the market had a huge rally. Someone even posted a chart of that day. Don't know how it can be made any clearer than that.

As far as suing him for making claims on a message board. That's absurd. The guy isn't selling anything. Would you file a law suit against him if you saw him making these claims standing on a street corner? Can I sue the guy I see standing downtown wearing a sandwich board that claims the world is ending in 2 weeks and it never does? Not even Judge Judy would look at this case.

Just my $.02