u missed the point, i was sayin' that it is very much possible to make good money so it should no come as a big surprise if some1 constantly posts good numbers, it is believable to me as i know what can be done in this mkt, then, that they are fakin' thier blotters is another matter altogether, but people here are obsessed with bashin' that thread and findin' who's a crook or who's for real, maybe form their own shortcomin', i dont know...but who fkin' cares.
Might have had higher motives than just fooling et'ers. Maybe using the phony numbers to reel in unsuspecting investors. It's been known to happen in south florida, where I understand he resides.
Ok and if you have traded with a profitable group where the traders range in their styles, you would see it all, from very well capitalized & experienced higher risk big number traders to the super consistent super scapers that end up having no more than 5 down days in a year (I should mention that they also make trading look like mundane factory work, UGH). Then there are the very rare but very lucky super traders that simply have it and are rock stars with 3 years of trading. These are the guys that can come in at 10:30a hungover, make 7k and leave at 2pm to go out partying to 3am and repeat. But those guys, would NEVER bother posting blotters on a P&L thread, because even if they had issues, drugs, alcohol & whores are the answer. Oh yeah, I should probably note that their down days would wipe out most profitable traders' accounts. So once you have spent at least a few months trading in such environment and seeing everyone's P&L everyday, you have a good picture of how the P&L distribution goes, what can be done, why this guy puts up huge numbers but you should not even think about trying what he does if you expect to last, etc.. Then you can see that the P&L thread is very suspect but you can also see who is for real just and who isn't.
well, i cant really question those who post in the pnl thread, i dont know their motives...sure there gotta be some shills and crooks but there are also fellas that post just just cause they like it or maybe to push 'emselves, who knows... i like that thread because it gives me a referement point to other traders performance related to a particular day's mkt condition and my performance. i like to see if am the only one who struggled or did well and think what did i do right or wrong that they didnt and so on...
Do not judge yourself against other traders, worry about your own performance and your own only. Back track and evaluate how you have progressed, that's it. Otherwise you will never be satisfied and may push yourself over the edge with ur trading. There are too many factors that are different, but mainly, risk/reward, capitalization & experience which simply make it illogical to compare traders to each other. There is nothing better than simply being satisfied with your own performance, no matter how much better some other guys may be. It's nirvana. Yet few will have the balls to post their struggling days in that thread, let alone down days. Be serious, when you check that thread with no bias, do you get the REAL picture of what it's like trading for yourself, "prop" or remote. No you get the feeling as most are raking in easy money, with a large number being millionaires or on the way. My honest advice to you is to look for a good group for the right environment. In fact, I think already hinted at who you can possibly talk to.
Good posts Hydroblunt. I am guilty of tying my mood of the afternoon with the profitability of the day. Often i will have a decent day (like today) and still be pissy because i 'should have had more'. Especially if my peers kicked my ass on any given day. If i have a losing day (which luckly isnt very often) im generally irritable for at least a few hours after close, if not more. I find it very difficult to separate P/L and mood. Luckly though, it doesnt (or hasnt!) got deeper than that, and it doesnt effect me in a life controlling way like you may have suggested some people do.
i think u are blowin' things out of proportion; i dont judge meself based on what others can or cannot do...i have my own limit and attributes which i am very well aware and i dont take that thread as nearly as seriously as u suggest...i more or less know already who's numbers i can trust there and i like to compare my performance to others in relation to the mkt condition on some particular days, nothin' more.
BTW, I haven't posted to the P/L thread in a few days, only because I haven't had any big days to show. Much of my trading is just 'treading water' while waiting for the big opportunities to present themselves. Then, when the market finally 'gets good', I hit hard and make my year off those wild, volatile days. For instance, the past five days (which I have not posted in the P/L thread) went as follows: Wed: -5K Thu: +35K Fri: +22K Mon: -67K (OK, I probably should have posted that one. My bad.) Tue: -45K One more thought: Now that Mancow is temporarily off the air in my area and I've been listening to Opie & Anthony: Scratch them off the list of shows where I'd be interested in an interview. O&A is nothing like Mancow. It's pure comedy- no serious topics. I didn't know that until just a couple days ago.
This paints a very different picture from what newbies and hopefuls derive about you from the Trader P&L thread. I traded next to a guy with similiar swings, although I think you are much better than him cause at times it looked like he was borderline gambling. Actually, the word is that he lost what would have been a 300k+ year in one month after a string of bad days and one idiotic & stubborn position trade. That what I figured, your good and bad days cancel each other out and you only need a few GREAT days to make you 6 fig year. As long as you do not make the same mistake as the guy Im talking about did. I really do not think most of the posters can imagine how serious and how tough your style is, not to mention the risk that you have to accept. Hopefully most of you get a clearer picture now because that P&L thread tends to misrepresent a lot. And Bitstream, to compare your performance based on that thread is just silly. If you're that concerned about comparing yourself, hook up with some honest traders over AIM that trade a similiar style and similiar size.
i already told u i am concern or better, curious about performance related to mkt conditions on particular days and what other traders could pull out on some days where for example the mkt is trendin' or churnin'...not particulary to mine and although i thx u for the suggestion i thought i made myself clear that i dont take it seriously at all and couldnt care the less about measurin' myself against others just to get a kick outta it.