Ladies, Gentlemen, meet Neet - the Machine

Discussion in 'Professional Trading' started by Neet, Feb 9, 2007.

  1. Neet

    Neet

    I am happy and very honored to report that I think I have finally got it. For the past weeks I have been trading like a beast. Quite frankly, I feel like a machine. Not being arrogant, I'm just overwhelmed.

    If it helps here are a few things I've been doing.

    - Rarely going against the trend unless Im doing a very quick scalp.

    - Scaling out and using trailing stop continously.

    - All losses are small.

    - Only doing futures and skipping the first 15 min of trading. Personal choice, I agree, but prefer it this way because most indicators are lagging ones.

    What can I say, I'm taking the market by the throat, 13 consecutive profitable days. And not just petty cash, but substantial gains.

    What can I say, I'm one happy trader.

    You might ask yourself. What is the point of this message ? Is it to brag ? To humiliate ?

    On the contrary, the message is quite simple. Do not give up !

    Once you get it, you will GET it.

    Neet the Machine, off!
     
  2. nkhoi

    nkhoi Moderator

    so you just ignore the first 15m and pretend the data doesn't exist?
     
  3. jtmarlin

    jtmarlin

    LTCM thought they had the bull by it's balls...

    Long-Term Capital Management
    From Wikipedia, the free encyclopedia
    (Redirected from Long Term Capital Management)
    Jump to: navigation, search
    Long-Term Capital Management (LTCM) was a hedge fund founded in 1994 by John Meriwether (the former vice-chairman and head of bond trading at Salomon Brothers). On its board of directors were Myron Scholes and Robert C. Merton, who shared the 1997 Nobel Memorial Prize in Economics[1]. Initially enormously successful with annualized returns of over 40% in its first years, in 1998 it lost $4.6 billion in less than four months and became the most prominent example of the risk potential in the hedge fund industry. The fund folded in early 2000.
     
  4. Congrats on crossing over.....continued success!

    Mike
     

  5. Nothing wrong with skipping the first fifteen minutes. Trading is about making money.....whatever it takes to meed that end. If that means don't trade the first 15 minutes because you are conistently stopped out, then avoiding those first fifteen minutes is a good idea.
     
  6. Neet

    Neet

    I don't ignore the first 15 minutes, I just don't trade it.

    However, some traders find real good opportunities during that timeframe. It's just not my style but I do extract info from the timeframe to create some customed indicators, nothing fancy, just personal style.

    It's amazing the amount of hate mail I received in private after posting this thread, quite sad too. Needless to say I'm ignoring every single one of them. I'm not here to make enemies but to share my happiness and wish you the same.

    I'm not going to fall into a trap, like those I fell for numerous times during trading, and reply to those that deserve no replies.

    On the other hand if you are struggling and need help, look deep inside you, analyze your trading journal. It's not the market stealing your money, it's actually you giving it away ! You are your worst enemy. In order to prevail you need to dominate every inch of your mind and body when you enter the market with cash in hand.

    Godspeed.
     
  7. Very true:)
     
  8. Okay, to balance off the emails you received that were unpleasent...

    Thank you for posting the original thread... and your insights...

    To paraphrase and apply Edison The Inventor's famous saying to trading:

    'Perserverce is 95% of the Genuis of Succeding...'

    cj...

    :)

    HAVE STOP <img src="http://www.enflow.com/p.gif"> WILL TRADE
     
    #10     Feb 9, 2007