YM Traders

Quote from blackguard:

...It continually amazes me how many people throw themselves out on the roadways just to be run over.

Why additionally block traffic?

sincerely,
blackguard
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Hi Blackguard,

You need to realize your comparing yourself to some in this thread that are new to trading or new to YM (not all...just some).

Therefore, its a little unfair or antagonistic to be comparing yourself (a trader of +16 years) to someone just out of the gate sort'uv speak.

With that said...

If everybody followed that advice you just gave...

We would eventually have no dentists, no doctors, no lawyers, no pro athletes, no astronauts, no mathmaticians, no home builders, no landscapers, no engineers, no experts of what so ever.

They all would have died off (nobody lives forever)...

Then those that your message is pointing to would not be trying to become those experts...

Not willing to go through the pain of learning how to trade profitably...

To become the rare 5% like yourself.

Simply, many must try so that we will not run out of those experts I mentioned above.

The market and society survival is dependent upon such.

Here's a question to you...

Why didn't you take your own advice when you were a newbie about to place his first trade ???

P.S. I have a nephew that's in medical school...its tough...he has ups and downs...he's one of the rare ones that made it into his med school...

Glad he didn't take your advice :cool:

NihabaAshi
 
Quote from blackguard:

Recently I posted a YM trade that returned 215 pts in 2 days per contract. That's $1075 per contract. If you are trading size you would have cleaned up. I post another trade recently that returned about 85 pts overnite. There have been other with NO LOSERS!!!

Now if someone can put up these kind of numbers again and again ( I have been doing that for years here)(a well known poster named Pabst said my calls are 'right on' in late summer '03), wouldn't it be prudent to hire someone that good as a consultant?
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Such subtlety and finesse. Is that the biggest hammer you have?
 
NihabaAshi,

You are engaging in a philosophical exchange with someone who is plainly "marketing."

As an aside, I suspected earlier on in this thread that this sort of self-serving tripe was coming. I just didn't know when.
 
who the hell arte you blackguard? what you've posted is no different than some quack posting on the net. unless you provide an audited return stamped by the irs with cancelled checks showing the taxes you paid nobody belives crap. this is cyber land were its 99% bs. the purpose of being on et is to see other systems and see if they can help one. nobody knows you from a hole in the wall
 
Trader P/L post has tremendous credibility because they post their net'd trade sheets daily.

It would be nice to see either detail and/or netted total trade sheets to back up these claims of making 200+ YM points in one day....


just a thought

PS. Always bet on black....passenger57
 
i diasgree 100%. anyone can use adobe photshop to change there p&l's. bottom line less than 5% of people on this et board will make a living trading.
 
You pose some good questions blackguard. But why do you think the majority of fund managers never consistently beat the market ? It is very easy for me to produce high percent returns trading only 10 contracts which is equivalent to roughly half a million dollars in YM. But if you are a fund and run 500 million dollars and try to do it in one of the minis it is a different story as the arbs and hedgies will be taking the other sides of your trades with such big size. You also have to take into account the risk on those overnight trades. While you seem to be well capitalized to handle it, others with small accounts will not be able to absorb the loss. You ask why people put there self through the torment of learning to trade and the losing of money that goes with it ? Well I will give you my personal answer. INDEPENENCE. Do you want to be in control of your own destiny or do you want to let joe blow fund manager control your money and if he screws up you may end up working 10 extra years past when you were going to retire ? Even if you know very little about trading, one could just dollar cost average into spy, dia and qqqq over a period of 30 years and end up with a nice retiremewnt fund. So why don't people do this ? They want instant gratification. They want to make 50% in a month off of that new IPO. They want to make 100% a month off of trading futures. Not sure where you where going with your post blackguard, but I will vouch for this guy as a trader and you can not overlook the trades he has posted here in real time. For those wanting blotters posted ? For what ? Anyone can doctor a blotter, but NO ONE can doctor a time stamp. So which is better guys posting blotters after the fact or guys posting REAL TIME trades day after day and giving commentary so others can perhaps gain some insight into how to trade as well. I think one of the most important things that this thread has shown is that there is no one certain way to trade successfully, everyone on here has different styles, stops, indicators and money management but we all share one common goal.
 
time stamp my foot. futures move 15 ticks in seconds. anyone can post 2 -5 minutes after they know the trade is good and post it. what good does your post do that shows me after the fact even by 1-3 minutes? volente i like your 20 pt stop so thats soemthing that's helped many people as it give the ym's room to wiggle. wether you adhere to it or get scared on every trade and lose most of the time me nor anyone will ever know. this board is about finding something one can use for there own trading not to try to follow someone you think is winning. i can call 30 truns in a row on paper but wether i can do it real time with my own money is another thing. folks take cyber land with a grain of salt
 
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