Let's sort it out. 1) I am not here to gain followers. Rather just to participate in a "hot" discussion. My belief is it adds followers to YOUR journal. 2) All counselling/chatting/authoring et cetera is not for public and furthermore not a source of income for me. You can't find a single person on ET who would say I charged them for any advice or whatever like that. Truth be known, I even asked Xspurt and cvds16 not to mention any chats on ET anymore to avoid attention and it never happened since then until YOU mentioned it today. 3) Let's finally sort out this 20% figure. Yes I consider it poor for a day trader and firmly believe ANY job paying $20K/year would also be considered paid poorly in the US, right? I am aware of course that most lose, but if you compare yourself to the losers you will never become a winner, believe me (I am professional psychologist after all ). Losers have their reasons they are losers and winners have their reasons to be winning. 20% consistently is better than losing without any doubts, but sitting all day in front of screen to make less than $2K/month? Would you take such a job, Surf? Doubt it. Of course it's different story for larger accounts, 20% on $5M account sounds much better, but then again: scalability matters. Far not every day trading method is scalable into $5M account size even in liquid markets like 6E or NQ. Maybe ES or FI instruments, but one is a great trader who can successfully day trade those IMO, cause it's much harder to extract a buck out of something that doesn't move much, ha. Having said all that and fully admitting I don't need any "followers" you decide: if I really hurt you so much by participating here, I will stop, no problem. Not because you demand, but cause I care of your emotions. Seriously do. Peace, Surf.
You seem like a nice guy but.. maybe it comes down to.. whether the guy trades off "price drivers" or how many ants he sees within the week divided by how many cars are in his neighborhood.. or whatever his trading style is.. It's his journal. And maybe it seems as if you have made it a mission to knock his sytle... regardless of whether he believes in your style or not.. and regardless of whether he posts gains or losses. He's posting it in his journal. .not in the technical analysis section. bottom line.. It's his journal not yours.. yea?
The question is... did I ever knock his style really? Of course he has the full right to listen or not listen to any advice offered and you're right, it's his journal. So if he prefers to run it without my contributions, I won't insist anymore, apparently it's too much stress for Surf, because yes, I do push him out of his comfortable rationalized beliefs, such as that even pathetic return is good, allowing huge losses is OK etc. It's much easier to live emotionally rationalizing why you are not among those who are successful. But the hard truth is: financial speculation was never supposed to be emotionally comfortable business and it's absolutely impossible for a weak person prone to "rationalization refuge" succeed if not force oneself out of the comfort zone and expose to the facts of life such as: 20% is pathetic for a day trading strategy (unless something rarely super-scalable), large losses are not necessary and can be kept small as well as draw-downs etc. That's not a delusion or mystification, that's REALITY for many people. But of course it's up to Surf and anyone else to decide what they choose as THEIR reality. Alright, think that's enough. I said all I wanted on the matter of this conflict, reasons are obvious to me (words that make someone feel very uncomfortable about their beliefs). I won't post in this thread anymore if Surf once again says it's what he wants, you have my word for it. [Edited by Magna: No need for "once again" as Surf has repeatedly said that's what he wants so let's call it a day here]
Paitence is truly the key for good trading. It's like watching paint dry with this short YM position--- there is NO QUESTION a meltdown will occur prior to the 15523 YM highs being taken out this year--- To compensate for the slow action, I am just checking the account at the open and close of each day. Orders in to buy FNMA on a break above 3 or a break down to 0.75. surf
It certainly is for the longer time frames. Unless I'm looking for an entry or managing a position, sitting and watching the market is a real waste of time. Which of course means there's plenty of time for other stuff.
Exactly, that's what makes this business so special--- it's a great add on for other cash flow type businesses or even heaven forbid,a real job. surf
Surfer= Cornix. Using Surf logic easy to say the are one and the same. Both Promote the number of views on a completely useless thread. Surf simply looking to promote himself. Complete failure.
Wait let me answer the response..ok, sure makes perfect sense, of course not one and the same.....ROFL...