How much $ did you lose until you made $ trading ?

MandelbrotSet · Oct 14, 2009

Quote from ehorn:

I do not orient to all the hostility. It is useless energy.
More...

Who's being hostile? I'm recounting all of your storytelling efforts for the pleasure of the thread readers ... you and the other jack hershey ass fairy's seem to have enjoyed taking it over.

Quote from ehorn:

I thought if you are interested in it - we could walk-through a day in realtime and discuss the routine I perform daily as I trade. and you could do the same if you wish to.

Let me know if you are interested and we can arrange something.

peace.
More...

The ES Journal (remember that one, LOL) is there for one and all if you want to make your calls to go along with your paper trading ninjatrader blotter, as far as the other jack hershey nonsense that you and the other ass fairy's like to pollute ET with, please keep it to yourself.

ehorn · Oct 14, 2009

Quote from MandelbrotSet:

Who's being hostile?
More...

lol! Have a good night JJ

SethArb · Oct 14, 2009

hint ...

just follow what the market is telling you

and try to stay in tune with the overall rhythm

of its beat

www.larepublicacultural.es/IMG/jpg_ORCAM_p.jpg

ps also look at this from time to time

http://dutron.files.wordpress.com/2009/09/carry-trade-yendollar.jpg

cashmoney69 · Oct 15, 2009

Give yourself about 3 years. You'll need this time to:

1. paper trade
2. find your edge
3. develope a style of trading and market that fits you
4. get over the fact that there is no HOLY GRAIL
5. learn how to follow and identify trends
6. not getting emotional about losses and euphoric about gains
7. make notes, and keep copies of your charts so you can LEARN
8. stop making random trades off gut feelings, and be disiplined and consistant.
9. stop going after the fast buck, like trying to trade major news the day of or night before trying to catch a rocket stock.
10. learn how to use multiple time frames and not be confused out of your f---ing mind
11. IF your going to use indicators, STICK to a few, stop flip flopping trying to find the "best"
12. Have a passion for the stock market....your going to need it

but to answer the post. I lost about 3 to 6k in a 4yr period.

gucci · Oct 15, 2009

Quote from bentedges:

Since you asked nicely, and it is relative to this thread, I will answer a few of your questions. You've obviously read some of my other posts in the pair trading journal and a few other places, so I'll indulge you a bit. Then, along with gucci, I will put you on ignore to go along with the handful of posters here that already reside there. Sidenote: gucci, come up for some air, man. You're going to suffocate down there.

I came to this particular thread to see what some folks answered. In my case, I took a little bit different route in that I started trading in the early 90's but with commodities. Over the course of a few years, I blew up twice (between $5k-$10K accounts.) Being short corn while it moves limit up 3 straight days against you is no fun. But it served a useful purpose - it taught me risk management and proper position sizing, and how leverage is a very sharp sword that cuts both ways.

I decided I wanted to work in the financial arena full-time, so I became a broker. It was there I learned 'how things really work.' I read voraciously, studied much, and eventually saw that one could 'beat the market.' My mantra wasn't what the standard broker preaches nowadays - "Buy and hold managed money and you'll do well over the long-term" but rather, "Let's buy the Sep MO 45 calls for $3 as I think we can punt 'em for $4.50 at some point next week." It was then that I learned to be profitable, albeit with primarily client's money, and even with the exorbitant commish that full-service brokers charge. That was over a period of a few years.

I was then offered a position with a hedge fund as an analyst/trader/pm. It was the late 90's, and like everyone, we shot the lights out in the bubble, even as I implored the managing partner that we had to hedge ourselves more. I moved onto another hedge fund which had an extremely strong track record, and it was there that I learned to trade momentum from the best I had ever seen. Momentum is not my particular style, but I learned from this outstanding trader that it's sometimes ok to buy CAT up $2 in a strong tape and sell it later in the day up $4. Spent about 9 yrs at the funds, all of them profitable, with the exception of 2002 where I think we were down about 2% for the year (learned to quit trying to pick bottoms.)

Which brings me to today, where I trade full-time for myself. I'll just reiterate what I've seen written on these pages many times, without the garbel you espouse about binary fractals or whatever the hell it is you're talking about. For intraday/short-term trading, own strong relative strength and be short weak relative strength. For example, in today's tape, the primary engines are obviously JPM, WFC, INTC, and a few others as tells, and it appears like a trend day is likely, ie. be longer more than one is short until proven otherwise. Be short things like the refiners (VLO,TSO,SUN) as hedges. Don't fight the tape ( l had to relearn that lesson just a few months ago.) Position size correctly and manage the risk - you can always be around to play another day. Put in the time and work hard in the off-hours and I'll find profitability during the trading hours. And as many here have said, and nothing is more true, only screen time and experience will truly teach one to be profitable. Trade small while you learn, but do it with real money, cause sim trading can't give you that pit in your gut when something is going horribly against you.

The latter part of that is off-topic, so I'll stop there. But in short, it took me about 5 years to learn, and hell, I learn and explore new stuff every single day.
More...

Great comment, thank you. You REALLY learned something as we all can see. Check my post this OCD dude dug out for you. (To be honest I lost 50 points on DAX with this trade- this as a lot for me and my largest loss up to date. I just hate losses ) I'll follow your advice and get some fresh air... It really does good. Thank you. I know you won't follow any advices from such a loser like me, so I just sincerely wish you do not suffocate from the very stuff you "learned".

PS: If you want to start a serious discussion, just say so. Jack just wanted to help.

Log in or Sign up

How much $ did you lose until you made $ trading ?

MandelbrotSet

ehorn

SethArb

cashmoney69

gucci