Why the need to post PnL, real-time calls, etc?

For anyone who has ever come to me claiming that I am a "liar" I have always told them to contact the firm I work for and inquire about my results. So far no one has.

I have been posting my P&L for two years now, and several of the posters actually work with me and have corraborated results.

I think, for the most part, all the regular posters on that thread post real numbers. With the exception of one person recently, the thread is pretty solid.


Quote from eagle488:

"Why should I have to show you what stocks I trade? Thats my own personal business. The P&L thread is to show P&L and nothing more. If you choose to learn more about the poster you can send them a PM and MAYBE they will share with you what stocks they trade. If you dont like the thread, you can simply not look at it. Its that simple."

Im saying that its not professional to disclose such details at all.

However, if the decision was made to make such a post for whatever reason, I believe a real trade ticket will demonstrate the sincerity and honesty behind the post. There is simply too many guys just making things up.
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I would say this is true most of the time. I also trade the same stocks everyday. If I traded different stuff everyday, I would gladly share. But I am protective of my go to guys for fear that they may change.


Quote from Mike805:


Do you gain edge by not having as much liquidity at certain price levels?

Thanks,

Mike
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<i>"I prefer not to post my #'s out of fear that it will effect my trading..."</i>

There is great value in holding oneself accountable to a performance board, no question about it. I can see several benefits to outside self-discipline like that.

In my case, I agree with the thought JORGE shared. Certain sessions by the afternoon I'll be up something like +$2,000 realized gain, and risk half or all on a stop when something "high-odds" sets up for entry past 2:00pm or even 3:00pm EST.

About half of those trades stop out for loss, and I walk away with $1,000 or $0 for the day. The other half work as expected, and I walk away with +$6,000 to +$10,000 instead.

If I were posting results to a board, I'd be very tempted to stop trading at +$2,000 (or whatever) and not trade my own personal style of controlled aggression. I wonder if there are any other P&L posters who cease early at $500 per day when one more afternoon trade into the close might have yielded far more?

One of those rhetorical questions that probably cannot be answered in hindsight.
 
Quote from austinp:

<i>"I prefer not to post my #'s out of fear that it will effect my trading..."</i>

There is great value in holding oneself accountable to a performance board, no question about it. I can see several benefits to outside self-discipline like that.

In my case, I agree with the thought JORGE shared. Certain sessions by the afternoon I'll be up something like +$2,000 realized gain, and risk half or all on a stop when something "high-odds" sets up for entry past 2:00pm or even 3:00pm EST.

About half of those trades stop out for loss, and I walk away with $1,000 or $0 for the day. The other half work as expected, and I walk away with +$6,000 to +$10,000 instead.

If I were posting results to a board, I'd be very tempted to stop trading at +$2,000 (or whatever) and not trade my own personal style of controlled aggression. I wonder if there are any other P&L posters who cease early at $500 per day when one more afternoon trade into the close might have yielded far more?

One of those rhetorical questions that probably cannot be answered in hindsight.
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I would sit at my desk from 9.30-4.00 like a hen on eggs, hope that clarifies it from my side :)
 
Quote from romik:

I would sit at my desk from 9.30-4.00 like a hen on eggs, hope that clarifies it from my side :)
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Once I get my money I do just sit there like a hen on eggs. I don't mind leaving money on the table as long as I steak on my table.
 
[QUOTE I wonder if there are any other P&L posters who cease early at $500 per day when one more afternoon trade into the close might have yielded far more?

One of those rhetorical questions that probably cannot be answered in hindsight. [/B][/QUOTE]

I seldom trade the afternoon as I just find the moves much harder to predict compared to the morning. Probably just a personal bias.
 
Im not calling anyone a liar, but the bottomline is, when it comes to money, I dont trust guys. If someone says they make xxx amount or they were able to pull down xxx amount. I dont challenge them, I smile and nod my head knowing that this person may not be telling me the truth.

I've been a guy my whole life, spent time around lots of them...I dont trust guys. You might be the finest guy in the world, but I wont trust you until I have spent some time around you (in-person) and you have proven yourself to me on multiple occasions.

In any event, whatever you make off of a trade is not my business. I like to concentrate on my own business versus someone else's. Im happy for you if you can turn a buck, I shake your hand and hope you turn more, but Im not impressed and I dont care because its not really my business. In addition, I dont find someone on a message board to be believable until I have at least met them in-person.
 
First, I wish to point out that my numbers are not nearly as impressive as some of those posted in the P & L thread. Some of the reported numbers truly give me pause, in either amount, consistency or both. Therefore, you may wish to dismiss my opinion out of hand. However, I find the idea of exchanging earnings numbers with anyone other than those people who need to see them, as vaguely akin to a bunch of fat, loud, cigar-chomping self-satisfied businessmen wearing diamond pinky rings, standing around in a circle and fishing into their pockets to see who has the largest wad of bills folded in a gold money clip. It is just a disturbing, periodic, fleeting impression that I cannot seem to dismiss.
 
Thats a difficult question to answer.

I have not had as many trust issues with women in my life then men. However, I do not transact much business with women. In fact, I cant remember the last time I dealt with a woman in a responsible position. Of course, I have dealt with office staff who were women, but not really a management type.

My experience with women comes more from the social setting. In those settings, I am usually the one that cant be trusted;)
 
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