Why does it always end up being a Don Bright thread or a FasterEgoCat thread? I for one would like to see the contest. We could have some outside action. The bets would be evolving as they post their daily P&L. I kind of enjoy playing with people who have lost their minds. I had a girlfriend like that once. Couldn't understand a word that came out of her mouth. But the things that came in...
Yeah OK Don how bout this! I pay for the lawyer to draw up the agreement papers... I give you 2 to 1 odds on lets say 10k??? You obviously cannot use Bright or your clearing firm... We do the contest for 30 sessions... We will do it on lets say a 100k account... Person with the most net profits after 30 sessions wins the bet! We can go over all the details later... I can assure you two things Don, 1) I am not in the 6th grade and 2) I am not Faster.... You want to get this on or what???
Personally I think that's an excellent point Don, something that I lost alot of money discovering myself. Maybe I wouldn't call it "no win", but pretty darn close. P.S. Don't let Noodles, a newly registered member, get under your skin. Extremely abusive and disrespectful, and not worth the effort of a response. I may disagree with some of your ideas, but there's no call for that kind of attack. If he does it on my forums his posts will be (*poof*) history....
Just a matter of what kind of trading you want to do. I take the exact opposite view: trying to play off the floor specialist (especially on the NYSE), reading every single tick and fighting over .10 here and .20 there -- that's damn difficult to me. Another way to do it is to familiarize yourself with a wider range of names and setups, playing for longer time frames, and you won't have to be stuck staring at your "special" stock and hoping some kind of tradable "discrepancy" comes along. You can instead pick the best risk/reward scenario across a variety of sectors, looking for that one "obvious" trade for the day. Sure there's more risk involved than t&s scalping, more time spent learning the basics of each stock and sector, but the rewards are commensurate and you will be better able to grow your account on a percentage basis rather than a daily grind. I guess it's all up to your mentality. Skip trying to catch running trains tho, that will always be a losing game. That's my 2 cents.