You Name It... The Models Time It..

Quote from Maverick74:

Be careful atty. I gave TJ a hard time and then I got stern call from his mother telling me to knock it off or else. :)
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Hey Mav: I knew you were around. Did you trade the models by any chance? If you did, you have to disclose it, because you are not supposed to.

What happened the the trading account. Did the partners open one? I thought you were one of the guys who seem to think that what is needed in this business is talent, and that the world is flush with capital.

I, on the other hand, see the opposite: Plenty of people with talent, and no capital around.

It makes sense since prop firms seem to me to look for capital from traders.
 
Quote from tradingjournals:

Hey Mav: I knew you were around. Did you trade the models by any chance?
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Yeah man of course! I took that EUR/JPY trade for size and it blew me into a thousand pieces. Never saw so much red in my life. Good Lord man. Are you going to reimburse me for that? That was one hell of a stinker. It just kept going and going and going. I begged for it to stop. I mean, your analysis was spot on! It was simply up too much. That was sound research. I don't know how I'm going to make this back. What should I do TJ? You gotta help me!
 
Quote from tradingjournals:

I am wondering what a financial backer or a client of a proprietary trading shop would think after reading this journal, and particularly if his manager/trading guys/OPM backees are also in this forum.
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At whatever 1/16th size is it is patently ridiculous to think backers are looking at size with 16th's pyramids.

It really doesn't matter if you are really talking about those as percents they don't look to be making any money, but besides that, it isn't a large enough size to take home any bacon anyway.
 
Quote from tradingjournals:

I am wondering what a financial backer or a client of a proprietary trading shop would think after reading this journal, and particularly if his manager/trading guys/OPM backees are also in this forum.
More...
they would need to see losses also to make it plausible
 
From time to time, I think about about answers and analogies to this question: What is a great/perfect trade? If I have to picture it in my mind, what would be its attributes? Do you have answers to this question? Do you ask yourself similar trading questions,and if yes could you give examples?
 
Quote from tradingjournals:

Hey Mav: I knew you were around. Did you trade the models by any chance? If you did, you have to disclose it, because you are not supposed to.

What happened the the trading account. Did the partners open one? I thought you were one of the guys who seem to think that what is needed in this business is talent, and that the world is flush with capital.

I, on the other hand, see the opposite: Plenty of people with talent, and no capital around.

It makes sense since prop firms seem to me to look for capital from traders.
More...


A man goes out hoping to get laid...
A woman goes out knowing she'll get laid...

Most of us on ET are the man (literally and figuratively) in this scenario...

True understanding of the industry will be attained if you can figure out the what and whys....
 
Quote from tradingjournals:

From time to time, I think about about answers and analogies to this question: What is a great/perfect trade? If I have to picture it in my mind, what would be its attributes? Do you have answers to this question? Do you ask yourself similar trading questions,and if yes could you give examples?
More...

TJ, are you going to leave me hanging?
 
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