What happened to the old traders

I Joined ET in 2001 when I started trading full-time. Prior to that I worked as a quant at a large CTA so had some prior experience. Still at it full time trading basically the same strategy, though have adapted/improved it over the years.

Have not posted much as I've been too busy trading and arguing with a bunch of strangers online has limited appeal :) Have always been happy to meet up and chat with other traders wherever I am, but there aren't too many around.

Going forward, I will be taking more advantage of this lifestyle and doing working holidays in interesting places. Maybe we should have a thread on here for nomad traders to connect with each other..
 
marketsurfer said:
its enter the trade and hope your pattern completes--money management is the only salvation for active chart based traders and getting lucky.
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Yet price drivers work the same way...you enter a trade and hope u r lucky! That has to be the case since you have losing trades, you don't have a 100% or anywhere near it win rate.

marketsurfer said:
Not to mention the obvious TA killing fact that a pseudo random generated set to within the same average range of a fluctuating stock price or not creates the exact same patterns as a real price.
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A fluctuating price influences other traders to trade which leads to future prices not being random (that doesn't necessarily mean you can predict them). A pseudo random generated set of prices is by definition, random (or as random as the algo that created it).
 
i'm still trading... like other posters have said... got tired of the flame wars... quants more than HFT have ruined the trading biz. shaved edge down to fractions of a penny... no size available...maybe you get a couple of hundred shares when you cross markets... low volitility has also made trading awful.
 
marketsurfer said:
Yes, big time. I think most traders first learn TA on their journey.

Lol-- i ended up marrying a quant academic from this site-- TA chicks, like doji, would drive me to the loony bin

By the way, there is a local lambo here with a copyplus custom tag-- is that u?
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Surf, did I read this correctly? You met your wife on ET?
 
marketsurfer said:
Having been here since 2002,and i did move to the beach--- but very few if any have lasted -- The great don bright &Tampa died, as did Jack Hershey -And likely many others- many blew out and changed focus, some got bored and quit, others couldn't handle market changes. I think Maverick74 and I are the only ones left from the first generation.
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zentrader and I are two posters who joined ET before you. There are probably others as well.
 
The old traders never adjusted to the new environment created by quants and HFTs. There was also significant redundancies after the GFC so possibly many career changes took place as well.
 
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