Merco-
Take a breather here Bro. Wasn't try'n to piss you off.
However, it is getting to be more than tiring to click through
threads on ET having to wade through the bullshit posts
of whiners each day, complaining how *ucking bad market is,
has been, WILL be.. etc...
You would not believe how big my ignore list is for this site.
At the rate I'm going, I'm finding it hard to keep checking this
site for relevant information pertaining to trading....
With that said. I MUST point out to you, and I think you would agree with this, unless you are in COMPLETE DENIAL of anyone out there
making any good money.
From YOUR perspective, there aren't a n y traders out here making consistent profits? <----- Is this a correct paraphrased sentence?
I snapped quickly at you before, because that is what was glaring me in the face, in your earlier statement.
Yes, I realize that there is piss-poor management at many a Prop firms throughout the Nation. However, that is not a direct function of the market my friend. Lets call a spade a spade here a recognize that any business poorly run in a *hitty economy is going to be in jeopardy regardless of its sector or industry.
Now, with that said, back to my original reason for engaging you in dialogue in the first place. It wasn't to get you tee'd off.
You came across as a newbie to me and I don't mean that in any derogatory way. Simply to say that your experience thus far has been lackluster at best. Moreover, your witnessing of what in your opinion are Really good traders not performing well, or in fact sitting out the market days, etc.. is not exactly confidence inspiring.
So I can completely understand your skewed view of, "How *hitty market has been"
Ok, now for the reality check. I have never shared this openly with people here on ET because quite frankly I don't believe that more than
10% of the people who post here are True Daytraders. Let me further clarify- my operational definition of "True DT" One who trades solely for a living, relying only on daily trading profits to survive and eek out his/her existence.
I personally have worked with a gentlemen that starting in Oct. of last year, changed my entire perception of what it means to trade the market. I have trained under him and have personally watched him execute trade after trade in front of me day after freak'n live-long day.
I can count the days that he ended net negative for the day on two hands and still have fingers left over..
Each and everyday he derives a paycheck from the market.
It is possible, NOT EASY, but possible, as I witnessed him do it, many, many times in ANY market condition you can name, YES, even this one we are in now. Whereby, trading from opening whistle to closing bell, deriving 27-45pts. e-mini Nq each day ~avg.
However, my point is not to demoralize you. My point is, even before I met him, sitting here behind my screens, breakeven to sometimes losing my ass, I never once told myself that this market is just too damn
difficult or etc.. In fact, to the contrary, I usually ended the day staring at the chart saying.... Man... someone made a killing today.
Its simply a difference in viewing the world I guess.
To hear you explain and attempt to rally the crowd into commiserating
with you is just wasted energy in my opinion.
I doubt you'll take a step back and even consider what I'm telling you, but I'll take a chance on this trade and hope that telling you a little of what I've experienced will at the very least give you some inspiration to keep trying and either figure it out on your own, or seek out those with the knowledge of a lifetime-in trading to get you out of the starting gate.
in any case, have a great weekend.
peace-
momo
Quote from Mecro:
Use what as an excuse? It's a simple truth that comparing to when traders were doing well, right now is a worse time. People are still making money, but well below what they were used to making over this past year. That means they are not doing that well relatively.
WTF I feel like he is bashing me because I'm stating what is essentially a fact?
