Hey Electric, thanks for this message, it is a classic example of how disturbed and misled you really are in your apparent 'alternative reality'. As for the "disgusted so many here", I'm sure you mean the 2-3 friendly PM's a day which I'm currently receiving. I'm sure you get lots, too. YOU have tried to humble me? Wow how exactly would you have done that? As for the "disgusting post" I made on you; Actually, this post was the only ET post to date that was copied and circulated in Bryce's 55-man strong trading group as a "classic ET post". Quite a few people thought it was totally hilarious, I even got congratulations from one guy. ElectricSavant is actually a "star" now. I'm not making this up. Tell him, Bryce! So we already have two major discrepancies: 1. You think so many ET'ers are "disgusted" by me, but my inbox shows the contrary. 2. You think my post to you was "disgusting", but many other people thought it was "hilarious". Maybe you should consider some form of belief modification? Back to "humility"... I love this topic, this was discussed in one of Niederhoffer's books. Most people get this one totally wrong. Jose Raul Capablanca, world chess champion 1921-1927 and probably greatest natural chess player of all time, once said: "As one by one I mowed them down, my superiority became evident." (English chess grandmaster) Davies commented: "Was this hubris? Probably more a statement of fact. I am much more wary of apparent humility than apparent hubris. Those who feign humility can be both arrogant and deceitful." Davies definitely has a point. Humility is a way overvalued commodity, and I personally don't trust overly humble people at all. Never have. Maybe that's because I'm a Leo, and I just naturally like being loud, authoritarian and dominating, and consider similar kind of people as more direct and sincere. Furthermore, I consider "humility" as a false asset in trading the markets. I used to believe tha humility as such is prerequisite, however eventually realized that that was a common trading fallacy, like most of those wannabe-rules out there. My "humility" in the markets brought me nothing but a low number of trades, and lots of stop-outs. One day I realized that everybody tries to be humble / is shit-scared, and instead I should change my game and become aggressive. Once I became aggressive, everything changed for me. No false humility, no modest bullshit. Get in, get out, gun the f*ck out of that freaking ask and sit in like crazy when it breaks. No humility, no "one bird in the hand is better than two in the bush" philosophies. You know, you are such a fool Electric, you really believe all the small piker BS. I know some traders that take the elite seats, and none of them are "humble" as you describe. In fact, all of them are highly aggressive go-getters, people that know who they are, and shoot straight with you about what they think. They go for the jugular and they don't take prisoners. By the way, that includes George Soros, the best trader in the world. Would you consider Soros humble? S
Scientist, You are the one with the claims...not me...Where have I said I am a great trader? As far as humility in trading. Well this is personal for me then, as I cannot mix the competition of the prices in the charts with being humble. These ARE TWO COMPLETELY DIFFERENT topics. I find you disgusting and please stop quoting me, in your quest for fame through degrading me and other traders... Scientist, I do not need to win the argument....I just need to make the money. Read your posts in 24 hrs. Are you embarrassed yet? This could be a good opportunity to check your attitude...Take it, for what its worth, from one small voice in the trading community...You heard it here on ET and from ElectricSavant... Be gone, Michael B.
Where have I ever said I am a great trader? Please quote me, or be forever silent. You still like making up lies about me, don't you? Many thanks, mutually. As for fame through degrading me and others, isn't that your trade mark, Mike? Aww! I heard it here, and from you! My god, I feel so honored and privileged! No lesser than the mighty Michael B himself, heir to rectal wisdom and hypocrisy...
Michael B, I have read Scientist posts and I must say I have learned more from this traders insights than any other ET member. I appreciate his efforts and time and hope he continues in spite of flamers like you. Just another small voice in the trading community... BTW, I agree with WAVE and Scientist on 6T stops for ES. If you need 2-3 pt stops for intraday entries you are probably missing something in your execution. Best Regards, Dave Scott
Hi Thunderdog, you seem hell-bent on this information. Why would this interest you? If it is of any help to you, I regularly sweep my ID accounts and invest the money elsewhere, so I do not compound indefinitely anyway. So I don't really know how much "% increase" I've actually totalled since January. But, if you want a general measure of performance, I try to extract 50% of the daily range of any actively traded instrument. On Monday I pulled ~300%, Tuesday ~170%, and some days I make a lot less, I definitely do NOT always make lots like you say. But under the line, I try to average 50%, and am working very hard towards reaching higher ultimate goals. Also, I have at least one "% return" reference which I always try to meet, and that is to make at least 100% return on initial per month. If I don't meet that, I go into "extreme revision mode" and totally redesign my game, to make sure I get back into the flow of the current market. S
Manufacturing Jewelry I knew a guy years ago back in the 1980's his name was Max Russo from Melbourne who was also a Jeweler. He would trade all night on the US markets - mainly Gold in those days Many a night we spent together in the brokers trading room where we could get the live screens. He was an agressive trader as well and good except for a few hic ups every now and then. )) BBG
The worst traders I have ever come across are professionals from the following groups. Ratings go from worst to worse 1. Dentists 2. Doctors 3. Lawyers 4. University Lecturers 5. Public Servants and Politians. The best traders come from sales and wholesale businesses where they understand profit and loss and risk. BBG