Too Many Traders Are Cry Babies...

Discussion in 'Trading' started by MarketAddict, Aug 17, 2019.

  1. ironchef

    ironchef

    No, the real deal.

    He is actually providing a valuable service here. Exposed a few blatant fakers in the past.
     
    Last edited: Aug 20, 2019
    #121     Aug 20, 2019
  2. themickey

    themickey

    Prolly the lot of us, the whole shebang, Baron's fault :)
    wolf-of-wall.jpg
     
    #122     Aug 20, 2019
  3. Wheezooo

    Wheezooo

    "what kind of big shot trader has time to stalk some random guy on the internet lol"

    It's those types of behaviors that makes me believe him.
     
    #123     Aug 20, 2019
  4. vanzandt

    vanzandt

    Surf wasn't a fraud. How can you even say that?! I know he was not thought kindly of by many here, and the trades he called out were the butt of many jokes, rivaled only by @Buy1Sell2 for their accuracy and timing, .... but a fraud? No. Surf may be many things, but he's not a fraud.
    That's a little harsh ON.
     
    #124     Aug 20, 2019
    themickey likes this.
  5. trader99

    trader99

    Today I'm basically flat. So to average a $1K/day it means on some days I have to make $2K+ to maintain the $1K/average to account for losing days or flat days like today.

    Yesterday I had a chance to make $4k-$5K. should have taken more risk.

    Today, the markets I trade are flattish. So, it's NOT so easy to average $1K/day you see?

    One of the Market Wizards said people are trying to optimize the frequency of wins instead of the magnitude of gains. Not exact words. You don't need to be positive every day, which is what I've been trying though not always successful. It's just that on winning days when everything lines up I should go for the kill! Max out. On flat days just make a little or minimize losses.

    Because the distribution of REAL trading P&L will not be $1K every single day. So when the opportunity is the JUICIEST go for the kill! lesson learned.
     
    #125     Aug 20, 2019
  6. What is your strategy?
     
    #126     Aug 20, 2019
  7. trader99

    trader99

    If there are big shots trader pulling $30M a day then it means that there are days that same big shot trader has a drawdown of $15M-$20M and an occasional $40M down day.

    can someone stomach that...
     
    #127     Aug 20, 2019
  8. I just want to know what to aim for.
     
    #128     Aug 20, 2019
  9. Like on the TV show with the tennis shoes? Is that the guy?
     
    #129     Aug 20, 2019
  10. destriero

    destriero


    That's meaningless. You're not defining their avg W/L. No risk-adjusted stats.
     
    #130     Aug 20, 2019
    nooby_mcnoob and trader99 like this.