why THE HELL is it so easy to do the wrong thing...

[Trajan]

Quote from Gordon Gekko:


nitro!

what! i am none of those nicknames! all my posts are honest. baron probably won't do it, but even if it's against ET policy, he can go ahead and say if i am any of those people. i assure you, i am not.

as for the guy who said i should get rid of my gordon gekko name because i'm not really gordon gekko. WHAT?!?! my nickname is just that, a nickname. of course i'm not gordon gekko. my name on here means nothing to me. some people are reading into it too much.

Quote from stochastic2080:

Never heard of anyone losing so frequently. Maybe you shouldnt be trading at all.

Let's take a look at what Mr. Gordon Gekko has said in the past:

Quote from Gordon Gekko:


it's kind of annoying to see all these responses treating me like i started trading yesterday. although you may not know much about me, don't just assume i know nothing. i'd be willing to bet i've been through far more than most people on this board. for those who have struggled like i have and learned your lessons, my congratulations go out to you.

i don't see why my original question was so foolish. i will make money with the equity i have right now. however, i also realize that if i had more capital to use, i could probably jump ahead a couple years. for all of you being negative to me, you're betting on the wrong person.

some of the responses i got made me think of that phrase, "don't hate me because i'm beautiful." well, don't hate me because i'm profitable.

http://www.elitetrader.com/vb/showthread.php?s=&postid=76773#post76773

Quote from Gordon Gekko:


i'm in my early 20s. i started with less than $5,000, of which $2,000 was from a credit card. i eventually made enough to pay back the credit card debt, as well as over $30,000 in taxes. i also bought a brand new car with cash and i live off my trading account as my primary income. if you were me, would you like to have more capital or not?

thank you, good night

http://www.elitetrader.com/vb/showthread.php?s=&postid=76778#post76778

Quote from arbtrader:

OK gg, you want some advice, here is mine:

1. Lose the campy nickname. It makes you appear young and foolish. And as you have already confirmed, half of that (perhaps unwarrented) assumption is true (eg, your age). I wonder if people would have been so hard on you if your alias was JohnPierpont? I know this seems unfair, and it probably *is* unfair, but I'm just telling you how you appear. How many times has some new guy come to my firm, made bold statements and predictions, only to burn out in a few months? I've seen it too many times to count. You don't want to look like that guy. No one will take you seriously. Oh and btw, that jpeg in your sig? Not helping.

2. As for OPM, going prop is probably your best bet if you want to trade full time. Or you could go retail along w/ the dreaded J O B to pay the rent, and you trade in your spare time, build up your acct, test your methods for about a year+. I did the latter, when I was first starting out. I wish I had a place like IB back then, it would have been SOOOO MUCH easier. 100 shares is about as cost efficient as 10,000. Thats a huge advantage to a small trader.

3. Don't take all this too personally. One day you will look back and have a good laugh.

Good Luck.

http://www.elitetrader.com/vb/showthread.php?s=&postid=76925#post76925

Arbtrader's advice still stands. At least you got rid of the picture.

Quote from Gordon Gekko:


thanks for the great tips! you may want to ask yourself if you think i care. lol i'm not here to win awards for seriousness or to impress anyone. if you want to think i'm foolish because of my member name, go right ahead..i certainly won't be crying.

p.s. your subject title was right on the money..

Nothing has changed.

Quote from candletrader:

There has to be a limit to how long the newly initiated search for their personal Holy Grail... continually flipping between strategies on a whim is not the way to go... by all means look at several approaches... find the single approach that best suits your personality, backtest it to confirm it has positive expectancy and simply stick to your strategy... the trick is to find a strategy with positive expectancy that suits your personality, thereby enabling you to trade it with confidence... categorically, the path of the fool is to travel a perpetual journey looking for that one strategy that never has losses and that always wins under any market conditions...

That one still stands.

My assessment is that you are either fucking with the board or a complete jackass. The former is pretty impressive and the discipline needed to carry it off for six months means you are most likely profitable. The latter give you two choices; one is to actually change which is highly unlikely since you are a jackass, the other is to quit and get a job. Step completely away from trading and work to build up your capital. Reflect a little on your failure, reread old posts, and after a couple of years try again. I recommend getting a job as there is no reason to flush money down the toilet.

 

[dottom]

Quote from wally_:
There are simple systems that produce consistent profits, but systems do produce large drawdowns and so require a considerable discipline and some capital to withstand them.

Depends on the system... not all systems produce large drawdowns. Depends on the methodology behind the system.

 

[PuffyGums]

Journal of Experimental Psychology: General

On the Fragility of Skilled Performance: What Governs Choking Under Pressure? Sian L. Beilock, Thomas H. Carr

http://www.apa.org/journals/xge/press_releases/december_2001/xge1304701.html

 

[aphexcoil]

Quote from Trajan:


My assessment is that you are either fucking with the board or a complete jackass.

Well, you might not want to get into the assessment business for very long. Gordon is just confused, young and wants to get profitable and expend the least amount of effort doing so. At some point, after he loses too much money or he decides to step back and really get serious, then he'll slowly come around.

However, to call someone a "jackass" just because they are reaching out for help from frustration is really immature.

 

[OPTIONAL777]

Quote from aphexcoil:



Well, you might not want to get into the assessment business for very long. Gordon is just confused, young and wants to get profitable and expend the least amount of effort doing so. At some point, after he loses too much money or he decides to step back and really get serious, then he'll slowly come around.

However, to call someone a "jackass" just because they are reaching out for help from frustration is really immature.

Congratulations on post number 1600 in only 3 months!!!

That must be some kind of record.

 

[capitalMan]

may be GG shouldn't be too hard on himself...

trading requires a lot LUCK

Having a edge is important , but unlike blackjack or some game

where the rules are FIXED and odds can be calculatated

mathematically

the edge is not consistent in the market and sooner of later

it loses its "sharpness"

I think LUCK still plays a very important role in the markets..

If I tell you about my experience, it will probably going to piss

everyone on ET off..

I am 24, just got out of college, started trading last year after

reading some books

I have been profitable every month 10 month stragit

net more than $500k ...I trade a simple trend-following system

with money management principles that everyone on ET knows

of...nothing really special...

the secret of sucess i that I am just damn LUCKY..

 

[tampa]

Gekko going public?

Elite Trader member Gordon Gekko who recently set the world record with his 39,257th consecutive losing trade, announced today that he is considering posting a public journal on ET.

Gekko, who currently resides in a cardboard box under a bridge on Interstate 95, made the comment while holding up a hand lettered sign that reads: Will work for hot stock tips, along side the highway that serves as his home.

Gekko’s story is one all too familiar to seasoned board members. Having made a quick .03 cents on a 50 lot the first time out, the young lad quit his day job to trade the market full time. At first emulating TonySanDiego, and later aphexcoil (Who some call the human Money Machine), Gekko will announce final plans before the week begins anew.

 

[NasdaqTrader]

Vegasoul,what stocks do you trade...care to shed your trading style?

 

[mgkrebs]

Quote from nitro:



POST YOUR FUCKING TRADES!

nitro [/B]

I like a guy that doesn't fuck around with asterisks when he wants to cuss a little bit.

 

[nitro]

Quote from mgkrebs:



I like a guy that doesn't fuck around with asterisks when he wants to cuss a little bit.

Heh, yeah,

I don't know what the fuck people are worried about - there aren't any fucking grannies in here...

You should go to the spoos pit in Chicago if you want to hear some real fucking shit. In the pit, you may even get spit on.

Or walk into the NYC Worldco office and see the fists in walls and the keyboards stuck in exploded monitors...

[Spit, Scratching my balls]

nitro