Let's Trade III, by Sicktrader

Discussion in 'Journals' started by sicktraderII, Jul 29, 2009.

Thread Status:
Not open for further replies.
  1. Pekelo

    Pekelo

    Come on, I gave you until Wendesday's close!! It was way too easy bet, by the way. People like you NEVER last a week... I could have offered 100 to 1 odds...

    Atticus! Pay up buddy! :)

    You SHOULD have. Unless you are really against making extra money, you could easily make 3-5K on C2, you should just tone the leverage down a bit. Making 100% (hell, even 50%) monthly with small DDs, would easily make you the best vendor there. Obviously, the less leverage you use, the smaller your DDs will be.

    Your Twitter page has 46 followers and you haven't even posted yet. You got very nice exposure here, ask Brandon how much that is worth in PR circles....

    So instead of finding cute emoticons (really bad for business) you might want to give it a hard thought and behave like a responsible and mature adult.

    Your business model should be:

    1. Post trades on Twitter.
    2. Post P/L here WITHOUT engaging in arguments.
    3. Start a system on C2. (it is possible to fade a vendor, if bashers will dare to do so)

    P.S.: I have been known to give sound advices... :)
     
    #551     Aug 2, 2009
  2. Hilarious.

    It's amazing how few people realize that the whole 3 pt target, 2 pt stop is pure BS as a profitable strategy. You're trying to bring up Paul Tudor Jones documentary, did you completely miss the parts where he employs extensive analysis to pick his trades. And he said that most focus on how much they can make versus how much they can risk. These are BASICS of trading, not the holy grail.

    BTW, Sicktrader does not have a trading account and his whole story is pure fabrication. If you have not figured that out from the very simple details he provided, you might as well go get on Obama's welfare line.
     
    #552     Aug 2, 2009
  3. Convenient that you waited for him to sign-off to accept the bet... my guess is that he will be back. I was making the point that simple collusion with Sick would result in a risk-free 5x payout. All he had to do was agree via private PM to continue to post until Wed.

    I agree with Anaconda that he's likely an 19yo poker or degen sports gambler who's looking for someone with more money than sense to back him. Obviously he can't post a run he doesn't have.
     
    #553     Aug 2, 2009
  4. Pekelo

    Pekelo

    I offered the bet, I thought. But you contacting him was dirty! :)

    Anyway, let's suppose I wanted to bet real money, I could have hedged the bet by backing his trades. As long as he is making money, I am making money too, and when he goes in a downspiral he probably would have stopped right away...So I only had to hope he would stay profitable for 2-3 more days...
     
    #554     Aug 2, 2009
  5. jzeng

    jzeng

    I never traded index future before and I have a question regarding stop loss order execution. If you put a 2 point stop loss order, will you always be stopped out at 2 point loss even in an extremely fast moving market? In stock market, there is no such guarantee of course.

    Let assume that's the case for a moment. Under that assumption, 50:1 (or however greater) leverage is not an issue because you have a built-in maximum loss in dollar value. The the whole thing becomes about how good is your trading system, not so much about money management. Your system needs to be better than "3:2 win-loss ratio in any 5 consecutive trades". That's not easy.

    If the assumption is wrong about the stop loss, then the insane leverage can blow up your account in no time.
     
    #555     Aug 2, 2009
  6. ROTFLMAO!!! This sorry excuse fits in perfectly with the rest of your lame BS in this thread. Good riddance, LOSER!

    What's even more laughable is that some wide-eyed noobs will believe you, even though you've failed to deliver on almost everything else you said you'd do, like the "live screen videos of each entry and exit" and the account screenshots.

    Another classic ET moment :p

     
    #556     Aug 2, 2009
  7. cstfx

    cstfx

    I can't believe you guys actually didn't see this coming!
     
    #557     Aug 2, 2009
  8. OP seemed a bit unstable so I saw it coming. This is the easy way out. Unfortunate because I had a lot of fun reading this thread :)
     
    #558     Aug 2, 2009
  9. what was his money management that some of you have commented on? stops/targets??

    I only read the first few pages and stopped when all the trolls started, but was gonna start reading it again when he got the video link up.
     
    #559     Aug 2, 2009
  10. Sick,

    sorry to see you leave. You should have done a better job ignoring the <img src="http://smiliesftw.com/x/troll.gif">. Here is a salute to you:

    <img src="http://smiliesftw.com/x/sp_thud.gif">

    I will

    <img src="http://smiliesftw.com/x/tear.gif">

    and I hope you get home soon.

    <img src="http://smiliesftw.com/x/trailer%20park.gif">
     
    #560     Aug 2, 2009
Thread Status:
Not open for further replies.