If they say nothing then why be terrified by them ? Someone that terrified cannot be profitable. So yes, posting up trades can reveal profitability. In fact the act of not posting up trades also reveals profitability. Profitability is not purely a mathematical measurement. There are also knowledge and psychology components.
I'm becoming similar these days, 3 or 4 hits then 1 trade makes up for them and some more, small losses and let your profits win creates that. Looking like it's the way to do it!!
Yes I will. I call this a FSGTJ system - stands for: Full Spectrum Good Trader Judgement system. Naturally the industrial standard stooges running around with PS broker statements will fail to pass this system. They practically have no trading knowledge.
Great, could you please post a link to any of the broker records that you mentioned? Would be even better if those broker records were audited (I mean you were the one coming out with that so I do not mind to ask)
Those are the PortfolioAnalyst screenshots and blotters in the Trader P/L thread, should be easy to find in the Journals section. Of course they're not audited as neither I or others there are doing it to attract capital. But I'm done with this thread, us who can will trade and the others can bitch and whine about it being impossible.
I think you are missing the point. Nobody questioned whether you make money or not. The claim that there are daytraders out there that CONSISTENTLY make money is unsubstantiated. And sure, there will always be "renegades" that may do fantastically well but see no responsibility (and rightly so) to report their success to anyone (and I have deep respect for such people. I myself do not hold myself accountable to report my pnl to anyone). But there are in every profession, in every industry, in every niche area sufficient number of people who feel the urge (for whatever reason) to boast and show off. Only in the daytrading department it seems that there is hardly any credibly account in public domain to prove that there are any that consistently make money. Its nonsense to post couple weeks, months of statements that are neither verified to be true nor actually support the argument of continuity. The person you cut down was talking about day traders that are over long periods of time net profitable. And I second that doubt as well. Not in today's market landscape. At least there is no proof out there that would contradict my hunch.
After years of study, my conclusion is that there is active stooging by the industry to keep the dumb money flowing into the markets. So audited broker statements are not much use because the hired stooges can put up perfectly genuine statements. Although the trades contained within may not have been carried out, rather they are notionally recorded using real prices and real/special accounts. There's no substitute to asking the suspects about trading, their knowledge would be too shallow to sustain more than a few posts of enquiry. There are very few ways to reliably make money in the market. What people say would quickly reveal if they have anything at all. In the case of d08, he cannot say anything about anything because it will reveal his non-existent 'edge'. But he has been useful in revealing his comrades. I haven't checked, but I guess they all keep a particular style of posts.
I hate engaging in these mindless discussions but i just had my coffee and here's my 2 cents. Perhaps it's not a question of fear that one may reveal too much info but a question of proper motivation. What incentive is there for me to post a few trades so that even if they all turn out winners some anonymous poster can say kudos? This subject comes up constantly on ET and over the years i've noticed that you always get the naysayers matched up against the braggers and the discussion goes nowhere. I personally know a handful of independent traders who make anywhere between 1-5m per year so 5-20k means a good day's work for them. So why not offer them let's say half of a day's work and in return ask to review their statements with matching tax returns and cleared tax payments. Surely a cleared check to the IRS is enough proof, no? So, If after years of study you are so certain that no one makes money then why not offer proper motivation and see who comes out of hiding. But of course you won't do that because 1) you don't have the disposable income to support such inquiry and, or 2) it won't serve your hidden agenda.
From my years of study, it's a constant theme that someone knows someone else making truck loads of the stuff. I am glad you are wise enough to keep yourself off the hook. But I am willing to feed more rope (aka line) that eventually you might get entangled in it. As for motivation, there needn't be one. People interested in sports talk about sports. People interested in cars talk about cars. Likewise, people interested in trading talk about trading. My only agenda is for a laugh to relieve boredom, and hopefully give the dumb money a prod because well, we all start that way. I have offered d08 an incentive of credibility. But he no longer wishes to play. Would you like to pick up from where he has left off ? It's quite easy: call out a trade and we go from there. I promise I won't steal your method.