Learning to Lose, Not Worrying

Discussion in 'Psychology' started by Arnie Guitar, Jan 17, 2025.

  1. VOLdemort

    VOLdemort


    The guy was SF for 26 years. Also has Klinefelter's Syndrome. Both cannot be true. We'll leave out the admission that he was a CDL truck driver for all of that time...

    So a guy who has traded for decades makes his living by taking 4:1 risk in ES... and you believe it? I don't care if you all follow him into the ES abyss and blow out. I really don't. It's of no benefit to me as it doesn't flash "noob alert" on my DOM when you fill.
     
    #71     Jan 19, 2025
    ironchef likes this.
  2. ironchef

    ironchef

    I respect your view but do give us some slack. Do you day trade ES or are you a pure derivative guy, if not, how do you know?

    I don't trade ES, only position trade stocks and options. Determined it has some merits, trying it out. So far so good, better outcome than when I tried butterflies. :p

    Have a good day.
     
    #72     Jan 19, 2025
  3. VOLdemort

    VOLdemort


    bc I'm not r******?

    I traded 500-600 ES/day from 2019-2021. In 2005-2006 perhaps 2-3K per day on EccoWare.

    So believe his methodology in light of his completely fabricated back-story?
     
    #73     Jan 19, 2025
  4. ironchef

    ironchef

    :thumbsup:

    4:1 risk :p
     
    #74     Jan 19, 2025
  5. Good Evening volpri,

    Good work! Thanks you ALOT for the explanation of your scalping technique. I enjoy the video and learned alot. Thank you,
     
    #75     Jan 19, 2025
    volpri likes this.
  6. tony.m

    tony.m

    Very hard (maybe even impossible for new traders) to get High win rate without average down.
     
    #76     Jan 20, 2025
    SimpleMeLike and ironchef like this.
  7. taowave

    taowave

    Unless a P and L is attached to the Elite claims,I take what is said with a grain of salt. But, as you mentioned,there could be some truth to what is being said,and you never know where and when on may gain some valuable insight into a method one would have never ever considered..

    Handles averaging down 12 x got me to look at daily breakout systems with zero stops,ans a minuscule 1 percent profit target..As a derivatives trader,I would never trade like that,but the system performed far better than I anticipated.

    The risk to reward was ridiculously stupid,but the system made up for it with a 99% hit rate.
    Of course,the market had the wind at its back for the last 10 years,but I could see how some of the contrarian methods discussed may very well have some merit

     
    #77     Jan 20, 2025
  8. ironchef

    ironchef

    Back-story is not material.

    Trust but verified.

    I do have preliminary validations.

    Einstein couldn't get a college job teaching physics and had to work at the patent office to make a living.
     
    #78     Jan 20, 2025
  9. ironchef

    ironchef

    True.
     
    #79     Jan 20, 2025
  10. ironchef

    ironchef

    That is why I respect you and that is why ET is so valuable to me.

    Sometimes the reader gains more insights reading between the line and looks under the rugs.
     
    #80     Jan 20, 2025