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luisHK
Registered: Sep 2010
Posts: 1028 |
07-11-12 12:44 PM
Quote from western:
Sharp ratios and whatnot are nice for people trying to run a fund and attract investors. But professional traders only care about the bottom line, especially if they are pure discretionary traders, which it looks like rally is.
I'm not sure how useful is the Sharpe and even more the ending VAMI when one is trading with only a small money deposit on his account to cover the margin requirement, but trading based on a much larger money at risk parked elsewhere, but 3 days recovery from the worst drawdon was pretty impressive.
I like this thread, it's nice to see a bunch of daytraders making money consistently rather than reading of daytrading beeing a loser game thread after thread.
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sellindexvol66
Registered: Apr 2008
Posts: 609 |
07-11-12 01:36 PM
the simple fact is its hard to make decent money in any field. i am currently in many business's and there is just as much failure in the ones i play in as trading. (i must admit i feel this field is far superior to what i have experienced) luck, hard work, brains, etc all play a role.
everyone has a shot, but there are many sacrifices too...time being one of the main ones. even the guys who are successful still pay a price.
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gmst
Registered: Jul 2011
Posts: 3745 |
07-11-12 02:54 PM
Quote from sellindexvol66:
the simple fact is its hard to make decent money in any field. i am currently in many business's and there is just as much failure in the ones i play in as trading. (i must admit i feel this field is far superior to what i have experienced) luck, hard work, brains, etc all play a role.
everyone has a shot, but there are many sacrifices too...time being one of the main ones. even the guys who are successful still pay a price.
What do you mean by "(i must admit i feel this field is far superior to what i have experienced)". Can you please elaborate?
Also, what price do successful guys pay in your opinion?
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FCXoptions
Registered: Jul 2012
Posts: 432 |
07-11-12 03:06 PM
Already done for the day. I made a great prediction before the market opened on what I thought was going to happen. I was spot on on what I said, however, I did not do a very good job on the entry. I bought too early so I had to average down a little and I rode it out instead of bailing.
Once it got profitable I kept cinching up my stop loss. I had to step away from the computer for a minute and got stopped out but still made a small profit which is what counts.
+61
I added my monthly status in the snip as well. I am still recovering from one big loss earlier this month.
 capture.jpg
This has been downloaded 75 time(s).
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sellindexvol66
Registered: Apr 2008
Posts: 609 |
07-11-12 03:22 PM
Quote from gmst:
What do you mean by "(i must admit i feel this field is far superior to what i have experienced)". Can you please elaborate?
Also, what price do successful guys pay in your opinion?
i earn more trading and stress far less.
the price i pay i said already...time..but everyone is different.
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gmst
Registered: Jul 2011
Posts: 3745 |
07-11-12 03:47 PM
Quote from sellindexvol66:
i earn more trading and stress far less.
the price i pay i said already...time..but everyone is different.
makes sense. Thanks for sharing 
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