who is your fav trader to follow?

volpunter said:
why would I be possibly be jealous about a guy who not only failed his career several times but failed is family in the process as well? Is this guy's ego only broken when he is diagnosed with a terminal illness? Goodness, some really try to read signals in the market each day but ignore the glaring signals of life that hits them in the face. No bud, if anything I feel empathy and pity for Niederhoffer.
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Im sure he feels empathy toward you, also--wee man.
 
Redneck said:
No.., because random entries could very well have one entering - repeatedly - counter to the current prevailing move (not contemplating RTM trading in this sentence)

and / or

Entering.., when mkt conditions say one should be sitting out / simply observing


Proper trading entails much counter intuitiveness (defying typical.., and often - superficial logic

RN
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Let's say you randomly enter in the direction of the prevailing move---?? Then would it work?

I agree completely with your last sentence.

surf
 
Redneck said:
Now this right here..., is really good stuff (wished we had started out with this when first meeting couple day ago)

My apologies to you Sir

RN
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Don't you dare apologize to me, your scepticism, and refusal to accept what you are told, is EXACTLY what makes you different, someone who has a chance to make, and hold onto, money. Everybody else is making plenty of money but giving it all back. Everything I have above the average break even guy who toughed it out for a year or two and is barely treading water, it came from being outside the box and not very likable. LOL

You obviously have opened the door to winning. In 1000 trades, you WILL win 500 times, so how do we occupy ourselves to ensure 500 losses are so inconsequential that 500 wins make us wealthy?

Something is wrong in a winning trader's mind, because everyone else is occupied in trying to MAKE it rain in a single trade by shaking the totem just so. Once we give up on this impossible mission, this becomes a very profitable profession.

You are a force of nature, made of WIN, and will not fail, primarily because you have passed the highest hurdle, you no longer NEED probability in a single trade.

So INCREDIBLY preachy, but I am into my cups, so I get wordy.
 
Beyondbreakeventrading said:
Don't you dare apologize to me, your scepticism, and refusal to accept what you are told, is EXACTLY what makes you different, someone who has a chance to make, and hold onto, money. Everybody else is making plenty of money but giving it all back. Everything I have above the average break even guy who toughed it out for a year or two and is barely treading water, it came from being outside the box and not very likable. LOL

You obviously have opened the door to winning. In 1000 trades, you WILL win 500 times, so how do we occupy ourselves to ensure 500 losses are so inconsequential that 500 wins make us wealthy?

Something is wrong in a winning trader's mind, because everyone else is occupied in trying to MAKE it rain in a single trade by shaking the totem just so. Once we give up on this impossible mission, this becomes a very profitable profession.

You are a force of nature, made of WIN, and will not fail, primarily because you have passed the highest hurdle, you no longer NEED probability in a single trade.

So INCREDIBLY preachy, but I am into my cups, so I get wordy.
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"Something is wrong in a winning trader's mind, because everyone else is occupied in trying to MAKE it rain in a single trade by shaking the totem just so. Once we give up on this impossible mission, this becomes a very profitable profession. "

What? I was trying to say the mindset of a winner is unusual, but obviously got lost gazing at myself in the mirror, LOL.
 
Beyondbreakeventrading said:
That would depend upon what you mean by "follow." If by follow, you mean copy, then no one. If you mean advice and guidance, it would be Jason Alan Jankovsky and Peter Brandt. Despite the fact that Brandt is an extreme long term trader, his ideas translate into shorter term trading because he is an actual trader.

I've recently listened to Kim Krompass and found her viewpoint to be spot-on for what I believe the approach a successful trader should have. I know she has a subscription trade room, so she's a day trader, and she doesn't use indicators, just the price. She trained under John Person, who is also a very sharp trader and educator. (let me hunt around in my email for a quote)

Found it:

“There are two realities. At the moment of execution, at the very moment of execution, a trade is 50/50, and if you believe you have an eighty percent or a ninety percent win, edge, you’re delusional. It is 50/50. So what I tell traders is that there’s two realities. So, let’s say price is in a range just for our listeners who are really listening still, and you get an aggressive move into the high of the range. You have two realities. One, it’s going to be a breakout, or two, it’s a fake out. So you can either elect to go long, and execute a long, or you can elect to go short. At that moment in time of execution…both are correct, at that very moment in time. And I talk to my traders about, that’s what makes you good, not caring about getting a trade that wins but doing the right thing at the moment of execution. So where I strike and I go short and you go long, we both are right at the very moment we both did what we said we were going to do. So those are the ones that are exceptional traders. They understand that really there is (sic) two realities and the only way you are going to know the outcome is, as time plays out and the charts actually play out, and they’ve come to accept that and they truly believe it, and that’s what allows them to execute.” - Kim Krompass interview on The Trading Lifestyle Podcast.


“They’re not going to be exceptional traders. They doubt themselves, they hesitate, they don’t take…they’re not willing to take a stand win or lose. And that’s what I tell traders, you have to be willing to take the trade, win or lose. And stop worrying about being right, it’s about doing the right thing, which means executing.” - Kim Krompass interview on The Trading Lifestyle Podcast.

This is who I am as a trader, so naturally when I heard this, I transcribed the interview into my notes. Love these quotes.
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but htere are consistent traders whether theyre losing or winning. what about those people. i do have this feeling as well.
 
I don't understand Clay, but thank you for your support.

Winning and consistency are the things everybody else yearns for, once you realize you are going to be on the right side of 500 out of a thousand trades, things get interesting.

Oops. had a little accident, and have to plug up all the holes. Love this site.
 
cashclay said:
Im asking specifically for intraday traders. I heard trading with shoot, meir barack(who is my personal fav) and well timothy sykes (whom has a pretty sound disciplined system).
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I follow Mr Mkt. He always seems to trade on inside info.
 
Beyondbreakeventrading said:
Don't you dare apologize to me, your scepticism, and refusal to accept what you are told, is EXACTLY what makes you different
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BBE,

I'm truly humbled Sir..., Thank You for the Very Kind words


Beyondbreakeventrading said:
Once we give up on this impossible mission, this becomes a very profitable profession.
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Ain't that the ever living / lovin truth

So simple..., yet so counter-intuitive


Beyondbreakeventrading said:
"Something is wrong in a winning trader's mind, because everyone else is occupied in trying to MAKE it rain in a single trade by shaking the totem just so. Once we give up on this impossible mission, this becomes a very profitable profession. "

What? I was trying to say the mindset of a winner is unusual, but obviously got lost gazing at myself in the mirror, LOL
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I knew what you meant



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To be a good winner..., be a better loser :)

Trade Well Tomorrow Sir - and as always - to hell with the results

RN
 
marketsurfer said:
Let's say you randomly enter in the direction of the prevailing move---?? Then would it work?

surf
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First, a few disclaimers

I have never tried this.., so what I'm about say is my opinion

I'm thinking this through as I type - so if I miss a point - I screwed up

======================

Each move (and I don't care what TF (time sample) is used).., from its inception to its conclusion.., has;

prevailing moves (thrusts)
pullbacks (retests if you prefer)
retraces
ranges
reversal
(and all these could..., or could not - be accompanied with volatility / momentum / chop N slop)



Entering randomly only gives a roughly 1 in 4 chance of getting it right (entering with a decent chance to profit..., and with out an inordinate amount of risk)

That would be during the beginning / middle of a thrust phase(s) - and ideally it needs to be in one of the earlier thrusts (ones without a majority of the typical traders on board)


Otherwise the random entry trader is..., suffering heat - if it near/ in a PB / retrace phase..., potential huge loss - if it near a reversal phase..., or stagnation - if it in/ near a range phase

Granted.., the above can be mitigated..., to a degree..., with tight stops

But by entering randomly - one could very well be entering..., repeatedly..., in an area where they will be chopped to death (at a time where it most prudent to be sitting on hands)

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In theory..., entering randomly.., with prudent risk management.., sounds doable

In practice..., I don't believe it is - because it does not factor in the current environment..., nor does it factor in - where in the current life cycle of a move - it is entering


As Albert Einstein stated

“In theory..., theory and practice are the same. In practice..., they are not.”


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Anyone / everyone - feel free to pick this apart

RN
 
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