Walking the walk (Blotter Thread Continued)

[EricP]

Brokerboy,

OK, let's see. First you post this, implying that Diamondtrim is a liar, and doesn't make but maybe $200 per day .

Quote from brokerboy:

Ok maybe I will get heat for this but I think Diammondtrim is full of crap. He does not sound like a bad guy. Who comes back on a Friday? You have not traded in like 2 weeks. I wish you the best but I don’t think you posted because you did not want others to see down days. From every screen shot you showed you only had 500 shares on any given stock. Then 2 weeks ago you post a 5k morning on a cheap stock that dropped maybe 1 ½ bucks. I have noticed on all your other cheap stocks your never near 1000 shares even. I am not looking to attack but this is bull. I get a feeling you work for a firm that gets a nice piece of your profits too like Schonfeld so that makes a 1k day into a $200 day. I think money can be made and is made everyday all I want is honest people.

Then, he posts his monthly report for May (upon request), indicating $50k+ for May. And now that's not good enough for you. You have to post this reply?

Quote from brokerboy:

I am only going to be attacked but do the math. It said he make 50k last month. That means in the 21 trading days he had to make 2400 each day to hit that. I know people do that and I know people making a half million a year trading. They are not trading 300 or 500 shares but who am I to say it can’t be done with small size too. My problem is he was off a week at least so now he needs to make near 3300 or so to hit that number. The numbers don’t add up. I do believe some guys on here and I don’t mean disrespect to them. I had a 9k or 10k day last month and it would have been very easy to post but hey I had down days too. I don’t want to kill the party and if this helps people I think it’s great. You can post anybodies screen on the internet but I wish Diamondtrim the best even if I don’t believe him.

Now, I guess your point being that he "only" makes $2k per day... "do the math." => Give me a break. You're not making sense, IMO.

"I know people making half million a year" => who cares? How is this pertinent to the discussions on this thread?

"My problem is he was off a week at least so now he needs to make near 3300 or so to hit that number. The numbers don’t add up." => What doesn't add up? Are you suggesting that a trader cannot average over $3300 per day for the month? I know traders that daytrade for their own accounts and are averaging over this amount daily since the start of 2004.

I'm still confused with your last post. Do you not believe that he posted a 'real' screenshot? Or, are you saying that his results were peanuts and not impressive for you? If you do believe his results, then I think an apology would be in order, and no hard feelings to anyone. If you don't believe him, then I would suggest you just say that, and then don't feel then need to read or post on this thread in the future.

Have a great weekend, all.
-Eric

 

[Diamondtrim]

Eric,

Thanks for the nice words. I don't really pay attention to people doubting me. People are always welcome to question, I don't mind that. I try to give clear answers. The thread was and is still meant to give kind of a real-time play by play about a day in the life. I never ever said I trade every day, I also don't close things out every night either. Anyone who is NOT a moran, and looks at the things I am in, they see GOOG, SHLD, CME, TOL, etc. Trading that at 200-400 shares and being in about 5 to 17other things at any one time you can make $2400 without a problem and without being in 5K shares. Different time, different style, different tools, at the end of the day it is about the results. If I only make another 50K the whole year I will still be ok. That is the name of the game, I can coast through summer taking as much time off as I want......that's my pleasure. (From Friday) If the end of the year quarter turns out good all the better.

 

[brokerboy]

Quote from EricP:



"My problem is he was off a week at least so now he needs to make near 3300 or so to hit that number. The numbers don’t add up." => What doesn't add up? Are you suggesting that a trader cannot average over $3300 per day for the month? I know traders that daytrade for their own accounts and are averaging over this amount daily since the start of 2004.


-Eric

Eric I saw his screen shots and they don’t add up close to 50k. All this non posting days would have to be like 5k each day. I got no problems with you and I think you’re a good trader. I won't post on this thread so end of fight. Also i know guys making that money too.

 

[Diamondtrim]

Quote from brokerboy:

Eric I saw his screen shots and they don’t add up close to 50k. All this non posting days would have to be like 5k each day. I got no problems with you and I think you’re a good trader. I won't post on this thread so end of fight. Also i know guys making that money too.

I am calling bullshit on your bullshit. I think I understand why you have not posted a blotter pic. Your math skills are off pal, way off. The first time I mentioned this was on another thread.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=49306&highlight=blotter+time

Here was final P/L for the first time I posted.
http://www.elitetrader.com/vb/attachment.php?s=&postid=746562

That is the 11th of may which means I traded 7 days before I even started the original thread. I think the only thing you have proven is you choose not to believe me. As I have said many many times I don't post every day and I don't trade every day either. I'm done on this tangent.

 

[EricP]

Quote from brokerboy:

Eric I saw his screen shots and they don’t add up close to 50k. All this non posting days would have to be like 5k each day. I got no problems with you and I think you’re a good trader. I won't post on this thread so end of fight. Also i know guys making that money too.

I appreciate your comment, and I probably flew off the handle a bit with my post. I do agree that healthy skepticism is a very good thing to have on ET and that more than just a few folks on ET tend to inflate their results/abilities. I guess my BS meter never really generated an alert with DT, as he never seemed to be hyping anything and seemed reasonable with his results (posting screenshots and all). I do believe his results and just hope this thread can continue without getting into a fight.

On another note, I do think that this is a very useful thread. It helps to show what traders can do in the markets, and prove that trading can be done successfully. Many times on ET, the successful traders get ambushed and attacked by disbelievers. I get a little defensive when I see another successful trader fall into this trap, as the same thing has happened to me several times.

Again, I appreciate your post and think that it takes a mature person to end a fight before it gets out of hand. Thanks again, and happy trading.

-Eric

 

[OddTrader]

Quote from EricP:

I do agree that healthy skepticism is a very good thing to have on ET ...

Interesting to note that 112 posts can be found by searching " *trade-ideas* " from the 346 posts of " Diamondtrim ".

http://www.elitetrader.com/vb/searc...d=798935&sortby=lastpost&sortorder=descending

Probably that would be considered quite normal on ET. And why not?

 

[OddTrader]

Quote from EricP:

Do you not believe that he posted a 'real' screenshot?

Sometimes, probably a "Real" screenshot like the following (1st April) statement would be very hard to verify.


http://www.elitetrader.com/vb/showthread.php?s=&threadid=27061&perpage=6&pagenumber=7

Quote from Scientist:

Funny to see you reply. To be honest, I can't be bothered going in on all that stuff - lies and nonsense - again. What a waste of time!

As for your notion that I claimed you're faking statements; Give me a break! I never said that (quote me!) All I said is that I could do it, therefore I don't post any. I wouldn't call your bored enough to fake statements. But if you had to prove something, it's a matter of minutes.

Your implication that it's "not so easy to do off-hand" is either complete ignorance and naivetee or complete denial. The choice is with you. Essentially, the ignorance/naivetee part means you're too undereducated about the ease of editing HTML (9-year-old can do it), while the 'denial' part means that you're trying to hide the fact that you faked the statements by putting on the "stupid man" act.

Mind you, the more you're trying to defend your point that faking TerraNova/ IB statements isn't a piece of cake, the more I believe that might be exactly what you're doing. So don't even try. If you had any idea how easy it is, you'd all blush in shame.

To "give me 1 hour to fake a statement" must be yet another joke. Give me a break, You, or anybody can do it in 5 minutes!

I'll attach a quick make-up for your courtesy, though.

Have a nice week!

http://www.elitetrader.com/vb/attachment.php?s=&postid=416729

 

[EricP]

Quote from OddTrader:

Sometimes, probably a "Real" screenshot like the following (1st April) statement would be very hard to verify.


http://www.elitetrader.com/vb/showthread.php?s=&threadid=27061&perpage=6&pagenumber=7

Excellent point, and a pertinent post. Suffice it to say that while a 9 year old might be able to create that sort of a screen shot, I can say for certain that I could not, LOL. However, clearly people are able to do these sorts of things, and screenshots cannot necessarily be assumed to be 'proof', as you point out. Which leaves us where we started, using our own, individually and finely honed BS meters.

-Eric

 

[Diamondtrim]

Quote from OddTrader:

Interesting to note that 112 posts can be found by searching " *trade-ideas* " from the 346 posts of " Diamondtrim ".

http://www.elitetrader.com/vb/searc...d=798935&sortby=lastpost&sortorder=descending

Probably that would be considered quite normal on ET. And why not?

ET is supposed to be for sharing ideas, methods, and tools. I use Trade-Ideas and like it. The reason it makes a big impact on my trading is that from what I have seen there are virtually no alternatives. For me it is the sweet spot between completely automated trading and old school tape reading. I tried and found only 4 slightly similar things out there. Anyways this thread is getting off base. I am going to start another one hopefully we can keep it on the subject of trading.

 

[OddTrader]

Quote from EricP:

Excellent point, and a pertinent post. Suffice it to say that while a 9 year old might be able to create that sort of a screen shot, I can say for certain that I could not, LOL. However, clearly people are able to do these sorts of things, and screenshots cannot necessarily be assumed to be 'proof', as you point out. Which leaves us where we started, using our own, individually and finely honed BS meters.

-Eric

http://www.elitetrader.com/vb/showthread.php?s=&threadid=49306

Perhaps Spyder should not have posted his response too early at " 05-12-05 05:32 AM", against a post at "05-12-05 05:12 AM".

Quote from Spydertrader:

Maybe I'm not doing the math correctly, and you could point out my errors. When I add your four winning positions (GOOG, RIMM, SHLD & X), I get $1842.00 USD. When I subtract the losing position (BSC) of $307.00 USD, I end up with $1536.00 and not the highlighted green $2055.00 indicated in the bottom right corner.

Still a good day for sure.

- Spydertrader