<i>"Quote from aeliodon You're obviously a multimillionaire - and be grateful for that. But I'm not one that confuses brains with a bull market. You've been enormously lucky to begin your trading career during best bull market in history, at the best day trading firm out there at the time, and to either be mentored by the best traders or be trading along side them learning from them."</i> <b>---->That's all true. Getting many hours of training directly from Dmitry- The #1 top earning Golden Age daytrader in the entire world, as far as I know... was the biggest lucky break of my life.</b> <i> "Quite frankly I bet if you started in 2005 like I did you wouldn't have made shit."</i> <b>---> That, we'll never know. I do know that I sure don't envy you younger guys- having missed the 90's, and starting your careers in the current market environment.</b> <i>" In fact I bet you're still in a draw down for over 5 years now - that is to say you still haven't surpassed your old high water mark."</i> <b>----> That depends on how you figure it. A big chunk of my 2001 drawdown wasn't with my own money, but with Schonfeld's. My personal net earnings are in fact well above my Golden Age high watermark. However, If you figure the gross numbers (counting Schonfeld's money as if it were my own), I'd be a bit below my 2000 high watermark. (You know most other guys would never candidly admit such a thing- Gimme credit for that at least.)</b> <i>"I think consistent guys like Spoos Top, MBAGH, Steve Tvardek, Spydertrader, Szeven are 10 times the trader than you will ever be."</i> <b>----->MBAGH is more consistent than I am? This isn't the joke thread, dude. Anyways, consistency may be nice, but none of the stores I know are willing to accept consistency as a valid form of payment. You may value consistency over total bottom line earnings, but I don't. Better rich than consistent, IMO.</b> <i>"You're a good guy and this isn't a personal attack - I just feel that consistent and conservative traders are the the better traders worth learning from."</i> <b>-----> Fine by me... I'm not trying to teach anything!</b>
Thanks for telling us almost everything we wanted to know about you. I give you credit for telling it like it is. The markets may have become tougher, but still there is money waiting to be made. It does require just more patience and discipline.
I'm primarily a swing trader who daytrades occasionally so I don't post on the P/L thread every day! There are probably many like me and some that do not like to post losses! Don't prejudge Plodder...you should try posting your P/L if you trade...a) you might learn something because we all never stop learning and b) it's contibuting to this board! Don't pretend you know everything because you clearly do not! My profits & losses are very real! You are a dipstick for posting something stupid like that!
On a good day, I might make just around a couple grand, but I usually just average around 20K shares traded for the day. My question for those of you that are trading 200K+ shares a day, what are you guys trading, liquid small-caps? Am I the only one who likes to trade stocks over 100 dollars? Stuff like BSC and GRMN.
Being in the prop business for 7 years, I got to know quite a few of the good prop traders out there. Therefore I know that at least 90-95% of the good guys are for real, because I know them directly or indirectly. Some of them posted insane high numbers and yes, they are really true. Also, like I said before, there are other prop traders who don't post and even make more than the ones posting on regular basis ... I don't know MBA though. That doesn't mean he can't be real of course, lol. BUT I do have my doubts that he's real for several reasons... Again, he might be real, and I'm not saying he isn't, just saying I have several reasons to doubt this particular poster. But in the end, it doesn't really matter, like I said, 90-95% of the posters are for real, so who even cares if there would be 1-2 fakers out there.
Exactly what are those reasons ? I've been in communication with MBAGEARHEAD thru both the bad times and now the good times. If it was ALL good times, THEN I too would be suspicious. This guy has paid his dues, learned a lesson about stupid indicator-based trading, and now is doing quite well.
I'm really not here to call someone a faker without having actual proof and since I don't have that, I'm only saying I have my doubts. For all I know, he MIGHT be for real though. But posting a loss doesn't make anybody much more real ... For all I know, he might just have done that to make himself more credible ? Didn't NYSEkiller post huge losses too every now and then ? BTW, it was really NYSEkiller who opened up my eyes that there really are some people who, for their own reasons, will invest the time and energy to post fake blotters everyday. Before that relevation, I actually thought no one would do that and therefore I was one of the people really believing NYSEkiller. I know money like that CAN be made and there ARE people out there making it ...