One of the better threads on ET, Hedvig. Who is Stephan? And where from in Scandinavia is your heritage? A fellow Scandinavian here from Norway... I actually planned to ask you if you still find trading interesting after 27 years, but you answered that before I got to it. I`ve been bored out of my mind with trading lately, but I suspect some personal issues that have been taking my attention is the sole reason. Today was a good day! Regards, Laissez Faire
Long time, first time here as well. Also bored out of my mind with this. My favorite tidbit from here: "I trade by exception only". I still do somewhat of a double-take when people say they "have no secrets" as I always thought making money trading had to be a secret. But a couple of other successful day traders have told me the same thing. When I question them on it they tell me wait until you get really good at this, then try and teach it to someone else... then you'll understand. lol
--------------- Yea; go figure, eh? Beginning trader instructions: 'Only trade in the direction of 2 higher timeframes than your primary timeframe. In addition, only take the 1st short-term pullback after you have confirmed 2 higher timeframes are actually trending. If you spend 4 hours per day watching 3 markets you may only get 1-3 entries per day; high quality entries with better than 1 to 2 risk:reward 'positive expectancy' setups. You will be out of the market 85%+ of the time. The vast majority of the time you will be bored out of your <del>fucking</del> mind and sitting in a chair like some kind of slacker-loser 'office worker.' However, you are in complete control of your actions and your inventory 'base in $$$' (trade sequences) will slowly build over time if you follow a rule-based business plan. No secret here: 97.9% of new daytraders/business owners will FAIL to make money for at least 3 consecutive years if given this general job description. Disclosure: When I was in my early 30's I visited 4+broker offices AFTER HOURS and hung out with 'junior brokers.' I SAW the account 'runs.' My % calculation(preceeding paragraph) is based on that. Yep, less than 2% of retail traders string together 3+ years of consecutive profits. This is DAYTRADING. Now, of those 2% how many of them are trading size? Guess--go ahead. I'll let anyone know if they are interested. Greed and the lure of 'easy money' along with weak-ass discipline waylay them; it is human nature. Good quote: Consistent daytrading risk specialists are WINNING (by exception only). So not only do I trade by exception only; because of this rigid discipline I win {we keep score} as an exception to the vast majority. Consistency w/ respectable size year after year/month after month/week after week is more satisfying than being a huge trader and trying to make more and win more without any perspective. This is my opinion. The rest merely provide liquidity and a way to keep score while taking the other side of pro's trades. Nearing a short week of vacation for me {worked all business days and 2 holidays since Jan 9th}. However, that is a 3.5 hour workday for daytrading and 90 minutes for swingtrading--so I am nowhere near not complaining! I knew that for me daytrading would be the most challenging endeavor I ever undertook professionally. Swingtrading is grade school compared to the graduate-level intensity of daytrading. Again, I am referring to consistency over time (years). 27+ years; my 'ego' has been wiped out when trading; it is basically a 'void.' For those that really wonder (maybe) why my personal life is such a beautiful disintegration of illicit substances and young skanky tramps and misguided girls--it is because it is an avocational psychological RELEASE from the chains of my professional obsessive and compulsive involvement in trading derivatives. peace hedvig p.s. Laissez Faire, I'll answer your reply later tonight. I need to get the fuck out of the office. A HUGE swingtrading week as several targets were reached (6E @1.2375 CL @88.25-88.50 ES @1297 GC bottoming {basis August 1532}. Intraday trading; yes--this week has been volatile and I have 'grinded' with actually very low roi% thus far of less than 4% thus far on the week.
--------------------- 75% Swedish and grandparents were from there but came to Estados Unidos to breed and work in construction/land development. Stephan is birth name {from my 1/2 German 1/2 Swedish father} but I go by 'hedvig' in real life. My father was a part-time bellies and beans trader at the CBOT in the early 70's while supervising building construction in Chicago. Yes, 'Oldtime'--CBOT bellies when bellies and beans were king baby!! Let me ask others here a question. What if you were obsessed and fascinated and interested in all things that were female and about 16 or 17 years old? Or really dumb but really aggressive young women just waiting for the opportunity to get out of control and asking you to provide mind-altering drugs so that they can 'get out of their head'--knowing that was the key to a high win% high reward to risk 'hookup?' Would you ever get sick of that? Are you out of your fucking mind! Even when it was the same it would be great. What if you were obsessed and had an appreciation and fascination with pizza? Would you ever get sick of making and eating custom-made pizza that completely satiated your incessant hunger pangs? What if you were a musician and continued to grow into different and repeated musical themes and melodies and got PAID for creating what you would do even if it paid shit? What if you did this for 30 years and it was still interesting and unique and every once in a while you surprised yourself and learned something new about yourself that you weren't aware of? I don't want to trade the markets anymore; I have to trade them--it is endlessly fascinating and satisfying to me and allows me to spend my earnings exactly the way I want without having to deal with any asshole men/office politics/useless older yenta's attempting to 'read me' or any of that other bullshit that others deal with in real life doing work that is not as satisfying as they desire. peace hedvig
Musings on a Friday a.m. Ended the week with a few winners; traded 6E beginning @3:15am est until around 5am est. Went to bed. Traded CL '1 & done' @9am est. No need to trade the indices; there is none on a Friday. Had a +5.9% day as of my CL trade closing--so I shut down the DOM. Week ended 16trades 9 wins 7 losses +9.64% roi ------------- I am on vacation (drove to the U.P. of Michigan later evening and early overnight) for rest of day and probably until mid-next week. Girls are 'country' up here and they will experience my bullshit; it takes bullshit and experience to 'rope' in real hogs in the Great White North. I'll be using my 'grind' Craps method at a few casino's up here for the weekend and then will go north into Canada to Sudbury (a quaint little town with some nice whores). From there to Algonquin Provincial Park for some canoeing and fishing. A time to pause after a volatile May. I now drink my drink and take a hot tub. Peace & Blessings! Archbishop Hedvig Von Dikkeman V
I know I shouldn't post, but today I'm borderline megalomaniac. Better post than trade. Had a great week myself, but I pushed all risk boundaries. Almost beat your weekly % in 2 days, at much higher risk. :eek: I think your sister and I could have great offspring. Will she sell some eggs or she's past the fertile age?. :eek: Don't be too promiscuous inside the lake. ok?.
----------------- With all due respect; I am not sure you--nor any sane man can handle my sister. Her nickname (which I coined 20+ years ago) is 'cunt on wheels.' She will cut you! She is like a female version of Sigourney Weaver's character in 'Working Girl'--but in hospital administration. She steps out on her husband on the sly with muscular biker guys in their late 30's to mid 40's. Like I wrote many posts ago; a whore--from the word go. I am 100% being upfront here. She is 15 months older than I. I think her ovaries are all set for now--besides old ovaries are a bad risk:reward for possible healthy spawn. She was a hippie long-haired blue-eyed blond w/tits and ass @13 years old--all I had to do was walk in her 'wake' and good-looking dudes with their sisters and female friends were always within arms reach in my youth. Ahh--memories. She co-owns one of those awful plastic surgery places where women (and now dudes) shoot fillers and botulism toxins into their faces so they can feel good about themselves. So, Sammy--if you have 1.5K+ and want various chemicals shot into your face--I'll arrange a hookup in a professional setting and you'll have the pleasure being tormented by a type A 'anal-retentive' control freak of a woman? Happy now? : ) I know how to handle her but I been dealing with her all my life. She does know how to have fun with beers & vicodin and really good high-end drugs from time to time. If you think that is a good time; that truly is her 'time to shine'--she becomes insanely out of control and responds to a bit of pushing and shoving and discipline if you are at least over 6 foot 2 and 225+ lbs. peace hedvig
hope you are writing a book on the side, or at least a screenplay... last time it was MrSubliminal's writing I liked so much.
Stale eggs, if any. A bad bet. Not interested in the cunt either. I bet she was a knockout when younger. ... My cruel side wanted to let you simmer in your own 'broth' for a week till next friday, just to see your variation in trading performance, but I think you are a nice 'for real' guy, and I'm sorry I set you up. If you want some psychiatric help in public I can help some, with your permission. But you'd be better off with a professional in person. Many of your 'issues' are intertwined, in my opinion. Whatever you decide, beware that it will affect your trading in a big way (good or bad I don't know). Ha Ha with your ego being a 'void'... He's got you by the balls... peace.