Weinstein Trading and Fading

LMAO.. oracle wizard seems to think that if you had followed his advice and back tested adn boot strappe dyour strategies you would be successful.. LMAO at his post.. he has no clue about trading.. and he could not have saved you from yourself.. Oraclewizard... just your name makes me laugh.. do you hid ebehind and emerald curtain in your OZ.. you r fantasy land where back testign and listening to bloggers on ET will save your trading?

Surely you Jest .. oraclejizzard!!!!!!!!! lol

anyway Robert,
Kudos to you and your decision.. no ne but you knows what you want out of life so go get it!!!!

Screw oracle and any others that say you should doen this or that... what works for one does not work for the masses in trading..
later

p.s. in my previous post I was not bashing you... I was tryign to support your decision of movign on to greener pastures.

p.s.s. karma is not a factor in trading otherwise Ghandi would have been the richest man in the world.. money wise..

geez..karma.. learn to read and then learn to comprehend what you read you mindless twit..vhren
 
Dude, the fact that you can't even spell, tells me the kind of trader you are. Its retards like you that make me rich.

Quote from limitupmike2:

LMAO.. oracle wizard seems to think that if you had followed his advice and back tested adn boot strappe dyour strategies you would be successful.. LMAO at his post.. he has no clue about trading.. and he could not have saved you from yourself.. Oraclewizard... just your name makes me laugh.. do you hid ebehind and emerald curtain in your OZ.. you r fantasy land where back testign and listening to bloggers on ET will save your trading?

Surely you Jest .. oraclejizzard!!!!!!!!! lol

anyway Robert,
Kudos to you and your decision.. no ne but you knows what you want out of life so go get it!!!!

Screw oracle and any others that say you should doen this or that... what works for one does not work for the masses in trading..
later

p.s. in my previous post I was not bashing you... I was tryign to support your decision of movign on to greener pastures.

p.s.s. karma is not a factor in trading otherwise Ghandi would have been the richest man in the world.. money wise..

geez..karma.. learn to read and then learn to comprehend what you read you mindless twit..vhren
More...
 
Quote from limitupmike2:

LMAO.. oracle wizard seems to think that if you had followed his advice and back tested adn boot strappe dyour strategies you would be successful.. LMAO at his post.. he has no clue about trading.. and he could not have saved you from yourself.. Oraclewizard... just your name makes me laugh.. do you hid ebehind and emerald curtain in your OZ.. you r fantasy land where back testign and listening to bloggers on ET will save your trading?

Surely you Jest .. oraclejizzard!!!!!!!!! lol

anyway Robert,
Kudos to you and your decision.. no ne but you knows what you want out of life so go get it!!!!

Screw oracle and any others that say you should doen this or that... what works for one does not work for the masses in trading..
later

p.s. in my previous post I was not bashing you... I was tryign to support your decision of movign on to greener pastures.

p.s.s. karma is not a factor in trading otherwise Ghandi would have been the richest man in the world.. money wise..

geez..karma.. learn to read and then learn to comprehend what you read you mindless twit..vhren
More...

lolol. paper trader.
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flipflopper


Registered: Feb 2007
Posts: 951


09-28-09 02:09 PM



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Quote from limitupmike:

and here are the executions... i quit using Ninja trader when the system was bogging down in fast markets and it cost me over 3k in one day!
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LMFAO!!!! Did it cost you 3K of paper profits?!!?!?

I use Ninja Trader too and in you attached "statement" the column for connection shows Esignal which means those are all paper trades!!

What a douche.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2587006#post2587006
 
VHREN. or whatver your name is .. i know how to spell i just do not know how to type... paper trades.;. real trades.. i have posted them all... perhaps.. the real trades are marked paper and perhaps the paper traes are marked real...

I have seen so many people like yourself on ET. They always try to point out that people are papertraders.. or fake traders.. LMAO..
you don't know shit about me.. but i do know a little bit about you.


You are weak minded, insecure, and are having a lot of trouble understanding what it is you should be doing with your life since lately it has revovled around a free open forum blog that you seem to think is real. Have fun in your play land (ET) but always realize that it is a fantasy world.. visit it but do not live in it!!! DUMBASS

you have not hit any nerves.. i don't care if u think i live in a box or if i live in a mansion... seriously.. i do live in a huge home. But I know that even if i post pictures etc.. you will say.. oh thats not real etc.. too funny
 
Quote from limitupmike2:

VHREN. or whatver your name is .. i know how to spell i just do not know how to type... paper trades.;. real trades.. i have posted them all... perhaps.. the real trades are marked paper and perhaps the paper traes are marked real...

I have seen so many people like yourself on ET. They always try to point out that people are papertraders.. or fake traders.. LMAO..
you don't know shit about me.. but i do know a little bit about you.


You are weak minded, insecure, and are having a lot of trouble understanding what it is you should be doing with your life since lately it has revovled around a free open forum blog that you seem to think is real. Have fun in your play land (ET) but always realize that it is a fantasy world.. visit it but do not live in it!!! DUMBASS
More...

lol i think i hit a nerve. you were bashing robert after you got caught paper trading? not too bright.
 
Robert,

I read your journal from time to time and thanks for the honest postings in your journal. Based on what you've shown, I'm sure that you will be successful in life for the simple fact that you are controlling your ego and trying to be objective.

Basically, I wanted to post to respect your integrity and honesty with your journal. Its unlikely you will stop trading (something like the fever was there even though the money was not) but I like the fact that you are honest and call a spade a spade.

Of course the peanut gallery will shoot you down and say "I told you so", but it wasn't their money on the line, the gains were yours as well as the losses.

In any case, I just wanted to give you mad respect for the consistency and honesty in this journal. Sometimes, its nice to see some integrity and see someone who can make you have hope for the human race, especially with all the lying that goes on daily in this biz.

Respectfully,

empee
 
Hi Oracle,

Thanks for your reply

Who do you trade through with Ninja? (I apologize if you already stated it, my mind is not fully "clear" at the moment)


Best

Robert




Quote from oraclewizard77:

Well Robert, its actually click a mouse rather than press a button. Its as hard as my human mind makes it be since taking winning trades is against human nature so I must force myself like going long at 1076 when yesterday I was afraid to go long at 1066.

You can have it fully automated especially with what I heard about Ninja 7 in that it can do exits based on volume and bar length, and more not just price.

For me, I have a default setup, that will auto create a stop and a target for my trade once it gets in on either a limit, market, or stop price. Next, I can and do use Ninja's chart trader ability to just move these target and stop lines up and down based on what I am seeing on the charts rather than just use a default price offset.

For example, lets say I went long at 1076, which I did, I then had my stop price and target price. I then watched the market, although I did not have to. I saw that we were in a range, so I wanted to target the top of the range and have my stop give the trade room to breath. After I set everything up, I minimized my charts, and started to check on stocks that I am holding for long time periods like RMBS. I saw that RMBS was up today, which is good since I previously sold short the $ 20/sh put for Feb and also sold the $ 25/sh covered call, my goal being for RMBS to stay between $ 20 - $ 25/sh by Feb expiration.

I then heard the sweet Ninja Trader voice say my favorite words "Target Filled, order canceled." So I max my charts and verified that yes, I was out of the order at a profit and my stops and other orders were canceled. :-)
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Robert,

The joke you made few days back came true. Isn't it? This is a science of human psychology (Psycho-Cybernetics). It is very important to stay positive :-)

My 2 cents will be to add this in your to-read list. Audio book will be even better...

http://www.amazon.com/Psycho-Cybernetics-New-More-Living-Life/dp/0671700758

Sorry about your losses. I'm not qualified enough to make recommendation here but still trying...

1. Fading is very dangerous strategy and human brain is guaranteed to fail in long run. Someone said very right, eat like bird and poop like elephant. Fading with discretion has common fate. One bad day and months of profit goes in air. Try trend trading.

IT IS LOT EASIER TO MAKE MONEY BY FOLLOWING TREND THAN FADE. WATCH FOR 5D MA AND NEVER TRY TO TRADE AGAINST IT - SPECIALLY WHEN SLOPE IS STEEP.

2. Your stock pick system should reject media/news/earning companies. They are very dangerous play. News RSS should do the trick. Most of your big losers are media play/victim - isn't it?

3. Stocks do have personality. So restrict your universe to stocks that you know very well. Or at least give them preference. Try a portion of your play on ETFs...

4. Why don't you start trading ES? Just one instrument to follow and it's lot simpler to trade. Runs 24x5 so gap-up-down is not a big problem here.

MOST IMPORTANT: TAKE 2 WEEKS+ VACATION

Good luck.

- SU
 
Robert,

don't let guys like limit to shake your confidence. They are vague, empty and have nothing behind them.

I am following your journal for a long time and I am sure you have everything it takes to be a successful trader. Just take some time off the market, let emotions set and start from the scratch.

You are doing a very good job with automating your trades. I would be second to NoDoji to suggest to look more on paper trading and to put more effort to refine your trend following signals to really diversify your strategies.

Last weeks/months you sounded a bit nervous and overwhelmed. It is probably not a good idea to trade if you are under pressure (brings more emotions to the game). It might be wise to take a longer brake from market to let things set a little bit...

Respectfully,

arc
 
Robert, I trade futures with a futures brokerage that supports Ninja. I also have a stock account for longer swing trading that I don't use ninja since I hold for months at a time.

Robert, why don't you take some time off and not make any decisions right now. I traded with Chaos, who graduated from Harvard and once who had a free trading room at one time and manages $ millions of private money. He took a 10 point hit on the ES, after that he took some time off. So even very successful traders can take a big loss. Its what comes after. You need to determine what you are doing right or wrong.

I pointed out some rules earlier on that I think if you implement them, will greatly reduce your risk and improve your trading. You did not blow out $ 200,000 today, so you can easily make this money back, but you should not trade for awhile.

I think having this journal is hard since you have scum bags who come in here on a losing day to say told you so. These ass wipes can not even trade themselves out of paper bag. Neke has some big losing days like blowing $ 80,000 but comes right back and starts making money.

Quote from Robert Weinstein:

Hi Oracle,

Thanks for your reply

Who do you trade through with Ninja? (I apologize if you already stated it, my mind is not fully "clear" at the moment)


Best

Robert
More...
 
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