Traders You Know Who Are Doing It Right

Quote from Clubber Lang:

Tradingjournals has been on my ignore for a little while.

He's a babbling moron (but probably a nice guy in person). LOL
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:)

Either you ignored him or you did not. I dare you to put him on your ignore list. If you do, he will very honored. It is serious, and you would do something Maverick didn't do. I asked him multiple times to please put me on ignore, but he didn't so far.
 
Quote from xelite777:

So what's the big deal, then?

If our friend TradingJournals is indeed a "babbling moron" like you said (how rude, shame on you), then fade his trades and you will make money, no?

Otherwise leave him alone, he has the right to express himself like anyone else in this forum.
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I know you are an intelligent guy. Thanks for your kind and wise words. I wish you well. I have noticed your posts sometime ago. I remember an answer of yours to a tick guy, when you answered him with something like: you want an answer, here it is:

vk,lciu;euv kjvdo'v;bfeabv; davoifean;vdafnvndfavnfaeoefa

That was original, effective and funny too!:)
 
Quote from kut2k2:

That's crap. If somebody is a waste of time or worse more often than not, just put him on ignore and be done with it. The chance that he may say something worthwhile every hundredth post or so isn't worth the intervening aggravation. It's a percentage game just like trading. You know you aren't going to win every trade so you size your positions accordingly. The notion that you should put up with every poster on the negligible chance that all will sooner or later post something worthwhile is a very low probability strategy.
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The part that relates to trading: have you heard of the black swan? Not the one delivered by markets. You could also deliver a black swan trade to your other side, assuming the other side is not aiming at delivering one to you.

If you want to know an example of those: there was a guy on Xelite77's thread, He seemed intelligent and wrote well, but he was so sure about his trade he was telling Xelite all sort of things. When the break too place exactly as forecast by Xelite (Xeltie said that it was textbook before it took place), the guy wrote a long post in which one could feel the pain he may have felt in being wrong on that trade.
 
Quote from tradingjournals:

The traders who manage OPM. 2% fees per month is 24% a year, plus share in gains if any, and free put on losses. In total they are long a bond paying 2%, and own a free call on the market. Bond is also free.

If you liked it, quote it and add +1.:cool:
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Pick a calculator and check what is 2% a year of 1billion, and also what is 20% of say 60% gain in a year (doable via a good year(by luck) and 2 as leverage). How much would the manager make, and how much risk did he take? Risk is easy: it is zero.

The point of the post is not the numbers, but the essence of it which is that the traders who manage other people's funds are the ones who make big money the easy way.

I am absolutely convinced that just in this forum there are dozens of people who would beat many top managers. The difference between them and the top managers is that the top managers manage top funds.

I have got even a principle: excellence in trading and money are always divorced from each other. Proof: if it were not correct, then the trader with money and knowledge would be on the list of the richest people in the world. Have you ever seen traders in that list? We however now that there are a lot of traders who manage money. Some would say it is size, but it is not true either.
 
Quote from xelite777:

+1? :confused:

You mean MINUS 1 Bpatson.

You can ALWAYS learn something new from a fellow trader, good or bad, if you can check your ego at the door.

Humility is the key word here ...
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Yes. But time is limited. Who would you rather spend an hour with: tradingjournals or warren buffet?

Not to mention that tradingjournals drivel distracts from otherwise interesting conversations. So you can actually miss learning opportunities because of his noise.

I just added trading journals on ignore.
 
Quote from newwurldmn:

Yes. But time is limited. Who would you rather spend an hour with: tradingjournals or warren buffet?

Not to mention that tradingjournals drivel distracts from otherwise interesting conversations. So you can actually miss learning opportunities because of his noise.

I just added trading journals on ignore.
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+1

Maybe it's time to put xelite777 on my ignore list as well.
 
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