do you believe "Scientist" has "over $100k" in his trading account?

Gordon Gekko · Dec 1, 2003

Quote from Scientist:

I Started trading actively a year ago and am determined to enter the realms of Jones and Schwartz. Then I may move on to something else, but currently I love trading. I'm still looking for something really challenging in my life. I thought it was trading, but currently I'm figuring out that trading is really quite simple, once you've figured it out.
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gordy's dad · Dec 1, 2003

please excuse my boy, his O.C.D. is in full bloom tonight.:eek:

monkey · Dec 1, 2003

Quote from Gordon Gekko:

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The most painful part of this must be sifting through all of his verbose posts.

Keep posting the highlights. It is fun reading.

Gordon Gekko · Dec 1, 2003

Quote from Scientist:

I'm considering maybe buying a seat sometime. My problem is that I'm overseas, so buying a seat on CME might not be such a good idea. (also tax-wise etc). And I certainly wouldn't wanna immigrate to the USA.
Probably better off buying one on the SFE (Sydney Futures Exchange). Sydney's a nice place to live, too.
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Gordon Gekko · Dec 1, 2003

this one is a beauty....

he's been trading like 1 year...after not even 6 months, he only has 4 losing days, and brokerages are fighting over his business. lmao ok, dude...

Quote from Scientist:

The big downside to scalping is that it's commission-intensive, so a seat, which can save you over 70% in comms, is a good idea. Most of the big traders are scalpers. I'm currently negotiating with some brokerage firms who for some reason really want my business, but most of them, as they put it, "don't even touch retail traders", they specialize on "traders who do at least 20,000 sides per month and generally OWN a seat". One broker who contacted me, put it very nicely: "I'm happy not to be working in retail brokerage anymore, it's a high-turnover business, but most get their butt kicked. It's a form of gambling, but not a recommended way of making a living". Nice.

Just to remind you, 95% of the traders (if not more!) on ET are in that "retail" bracket. Hardly any of them make really good or even just consistent money. Just look at the common ET phenomenon of "1.5pts per day on ES is the maximum long-term average.". What a joke. I've been making 4pts+ for over 6 months now, I've had 4 marginally losing days in those 6 months (3 of them 2 weeks ago), only due to the burden of commissions, while all those pikers are whining how difficult the market is becoming.
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traderkay · Dec 1, 2003

he sounds like lundy. and we all know where lundy end up (supermarket incase u forgot).

Gordon Gekko · Dec 1, 2003

and he could kick your ass, too!!

hahaha

Quote from Scientist:

I like to compare this with Martial Arts - In the beginning of my Karate training, for example, I had to follow strict discipline and rules for years - I had to learn all the forms, all the tactics of combat, how to block and how to fall properly. There was no way we could avoid going through this. Every Karateka goes through this. And none understands WHY all this happens, for a very long time!

Eventually, I got to the stage where insight came into my mind. I learnt not only HOW, but WHY to do these forms. I was standing in our dojo and 7 dan (blackbelts) were asking to perform a kata.
I performed the kata to the most of elegance sought in these forms. The next second, the dan would attack me - all synchronously - But I was continuing my kata, blocking all of them with a clear, peaceful state of mind and concentration. I was attacked from several directions, but instead of offering resistance, I just followed the flow, and I did neither lose balance, nor get hurt. None of the dan could reach me, since the kata was internalized so well that I had to endeavour no resistance, no fear, no anger and no question. I didn't even have to deviate from my performance of the kata itself. A small mission was complete, and ever since I understand the true meaning of kata and Karate itself.
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Gordon Gekko · Dec 1, 2003

even he admits he was a loser 4 years ago!! :eek:

Quote from Scientist:

4 Years ago, I was nothing but a POS, I was a highschool runaway and had essentially nothing to look at, except for my then germinating determination to live a better life. I was living in northern Europe, essentially on the street, and I had f^% all.
I was a -LOSER-. Period.
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something's just not right...

Gordon Gekko · Dec 1, 2003

Quote from Rearden Metal:

Dude, 2 gigs of RAM is huge. Most new computers still only have 1/4 that.
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that's what i'm saying. 2 gigs is not enough for Scientist, though...he's gonna have 4 soon.

http://www.elitetrader.com/vb/showthread.php?s=&postid=380019#post380019

Rearden Metal · Dec 2, 2003

Jesus, I wonder what kind of apps would even come close to requiring that kind of RAM. Is he working for NASA on the side?