A thought or 2 about the thread in general: Some of the guys posting on the P/L thread are eerily consistent -- like $1K or so just about each and every day. Nothing suspicious about that when talking about intraday equities. However, if someone was making a consistent $1K just about each and every day in a market like the EUR futures, you would really need to know how much they were trading with to judge his ability. If I were told that the person had say 20k in the account, then it would be quite impressive. But what if you found out that the person actually had a 1MM+ account, putting up those same figures, day in and day out? He could be the worst trader in the world, just averaging in 1 lot at a time and hoping he doesn't get run over. But his record would be highly misleading about his abilities. So make those grains kosher size.
Doesn't every swiftie know who he is then ? I think the majority knows 'S' He's at swift already quite some years ...
Back when I first turned profitable and was on a serious roll, I have actually been seriously warned for being too emotional and cursing while getting a bit screwed on a trade. Some of the guys in our group were still trying to make profit or in the red, meanwhile there is me bitching while being up 1k a day. Some of the other guys took it an insult, they even thought I was doing it on purpose to antagonize them. Of course I was not, but when I found out about it, I felt real bad.
I am absolutely green when it comes to futures, so I don't know how the account size needed to make 1k a day would contrast to equities, unless you're talking about leverage. Whatcha mean?
When I was in an office without people under me, I was always the exact opposite. I never showed any emotion when I got spread down or something, while the guys next to me were banging on the desk and screaming. Honestly, the best trader on the desk would yell once, then go completely back to normal (whereas I would stew in frustration). I think he had it right. Either feel nothing, or let it all out in one burst and forget it. I still have a problem with that. Gotta take an hour off when I lose 3% in one trade.
wow, u good, i just cant contain meslef; today i was close to trow me laptop out of the window...well, i know sooner or later is gonna happen, ror...already smashed the screen a couple of times.
Illiquid, I always thought that the best purpose of the thread was to demonstrate that normal guys can make money in the markets. By doing this it makes the "this is impossible because i dont get it" threads less harmful to new traders. I trade a lot less size in my day trading account than I could but I don't think that makes me a bad trader - just satisfied with what I make and not in need of a bigger challenge in this area of my life. I am in awe of the 15k per day guys though. IMHO Kiwi PS. Bitstream I have moved from a laptop to a tower ... much harder to get out the window.
Equities have volume constraints depending upon market-cap, liquidity, time-frame etc. I would just be suspicious of someone with a large account making a very consistent but relatively small amount daily in a highly liquid and volatile market like EUR. I suppose what I really mean is that one would need to know max position size used to get those gains to get an accurate picture. Making 1K isn't such a big deal if your max exposure during the day was a 10-lot. But I guess if someone is doing stupid things just to get out "a little profitable", eventually he'd get caught by a huge drawdown.
Yeah, I always try to watch how the real big hitters react emotionally, as that's my weak point (also why I'd never play poker). The good ones just deal and keep going, or they don't really see the numbers. I have to either walk away or lengthen my timeframe. The latter works decently, but it's not ideal. Today was irritating. I was expecting some reaction to all this (relative) bullish sentiment so I waited an hour before putting a position on. Once I got ground out four times before 12 I stopped and switched to my swing account.