Steve, Worry about your own finances, You don't see me giving a shit how much other people make do you, My interest income is > then most good traders including yours. People who keep on asking what other people make are really annoying and don't benefit at all. How much I make will never effect you in your lifetime. Take what I write for what it is, if you don't believe, don't worry, I won't persuade you to.
Its not a question of worrying about what you make cause I know it will not affect me, what does bother me is people giving out advice in a field that I participate in that isnt successful. I am moderately successful, that is to say I make 120k+ a year trading. But I am always seeking out ways to improve myself as a trader. You have posted quite a bit, and the majority of your posts are offering advice or your point of view (this usually happens AFTER you have had success in an endeavour). There is no need to get defensive, if you are successful at trading, then great but if you arent there is no reason to hide or be ashamed. Everyone who had made a living and more trading had to start from somewhere and at some point was a novice. As it stands right now, I can tell you are very dedicated to making a lot of money in the markets, its obvious from your participation on this site. But I doubt if you have made any money trading thus far, which is fine. There was a time where I made no money as well, but I did not pretend like i did or that I was all knowing. Saying things like your interest income is more than I make in a year is an obvious lie, you said you are in your 20's. There is no way you have enough money saved up to earn 6 figures in interest income, unless you inhereted a great deal in which case, you havent earned it.
I would caution prospective or new traders to read coolweb's journals with an extra grain of salt. This is a guy who just started trading 4 months ago and now claims to be a master trader making piles of money in the market. He has never posted a single blotter to substantiate his claims, although has been asked numerous times in the past to do so. All honest questions which cast doubt on his trading results have been responded to with childish answers and negative personal attacks. I have said it before - following his advice would be akin to the blind being led by the blind. A really good way to fall off a cliff. This thread should be treated as pure entertainment, or a lesson on what not to become as a trader - a blowhard.
Steve, $120k doesn't mean crap in NEW YORK CITY, get a hold of yourself, don't bring that crap up please, you are embarassing yourself by constantly repeating it. <h3> If you don't believe what I do, don't read the journal, simple as that. </h3> Don't constantly bitch in the thread, Go scalp, you won't learn from me, I definately don't have anything to learn from you. Got to love them people who constantly <b>BITCH</b>
Dude, you have proven my point to a tee. You are a joke, I've always known you were a joke just listening to most of your posts. You never backed up any of your "talk" and when I ask you simple questions like "how is your year going" or "give me an example of a size position you took in a stock" you never provided anything and as a matter of fact, got angry and defensive. You run your mouth on so many threads when in reality you are currently failing at trading. The thought of failure to you, as you have put so much energy thus far, is killing you and the only way to make yourself feel better is to put others down. Your first post on this thread was one showing your humility to the market (remember...me=stupid) which was a very good thing, but over time, as you have had little or no success over the last 6 months you've turned arrogant. Yes, I understand the market is tough and yes it is hard to make a good living, but thats no reason to talk about smacking people. Whats that all about by the way? The bottom line is you can "claim" to know soooo much about the markets and the right mentality and all that good stuff, but that doesnt mean you can translate it into being a successful trader. As I am sure you are finding out everyday as you sit down, pull the trigger and slowly bleed your account.
<h4>bahahahahahahahaahahah</h4> OH YES , THE FAILURE IS KILLING ME , All the real time 1:40 R/R trades that I do post are bleeding my account! <b>Someone save me!</b> The reason why I don't answer you is because you are someone who keeps on trying to get references of my income so you can assure yourself that what I say is true. You have no clue what the hell you are doing other then keyboard scalp specialists. You are looking for something to latch on but you are afraid, You get pissed when I reject you. If you don't know if what I'm saying is true or not, then that already should tell you and me how little you know in how REAL TRADING WORKS. Get a life, I won't show you any references , hell I won't show you crap, Good luck scalping
coolweb can we see a blotter or tell us tha sizes your trading # of shares.... are you buying and selling millions per day?? i would like to know which stocks you are looking at.