how do you measure percent? And you posted over 2000(!!!) times and are on this board since 2007? Has the tick chart roasted your brain or what?
You definitely are a dick; vain, gloating, egotistical, and petty. You should really change your username to asiaprick.
I know, sometimes I can be a real ass. But this thread is really too entertaining to pass up. After all, what do YOU come to ET for, anything else but entertainment?
A lot of it is for entertainment, but there is the occasional nugget of gold. There are also many lessons on what NOT to do as a trader.
yes I fully agree, and I also try to add value, occasionally. But not in this thread, please understand when you read this thread title. Take it easy and have a nice weekend all, I am done. Time to hit the bar here, good night!
I said that I have "begun momentum trading in my LONG-TERM account" ---- what's implicit in that statement is that I have more than one account that I trade from (I have 3 -- one for daytrades, one that is completely automated and one for long-term trades--I also have a private account so I guess that makes 4). So to be clear, my short-term and automated accounts are both flat at the day's end. Pick whatever stats you want. Everyone knows that most people don't succeed in this business. I was merely talking about those that I've seen come in and out of the doors of my particular office. I don't keep up with broker statistics. To be clear, I am not saying that it is an easy business to thrive in, b/c it isn't. However, for those able to succeed, it's a rewarding career. I don't know anyone that monitors 1-2 stocks/day or anyone that trades from the beach or whatever you see on late-night infomercials. Vigilance is definitely a reality of trading --- hell, it's a reality of anyone that's in business for themselves. But the idea that day-traders sit hawking over their keyboard, sweating bullets, thinking frantic thoughts for the entire day is fiction. You imagine that we come to our offices/desks and upon entry we become stressed and our only relief is the closing bell. Not true. Coffee on their shirts? Really? I can't say that there aren't guys in my office that scream out curse words during the day, but there are just as many guys that sit there quietly whether they're up 15k or down 15k. An individual's personality is a factor that cannot be ignored --- especially in trading. Anyway, the market is opening and payroll numbers sucked as well as SocGen, euro, and Hungary all have issues. Good luck.
yeah was a bit late to the game but shorted the Euro on the 1.2120 break. Stops in place, good night gentlemen.
Just put him on ignore, he is a delusional troll. He is never going to bet, anyway, it's all talk, not from just him by the way. The closest someone has ever proceed to a bet resulted in waste of time and one party mysteriously disappearing when push came to shove. If both sides are serious, they will do it via a thread viewed by everyone to avoid the PM games. As regarding the topic, I personally know a handful of daytraders who have 5-10 years of consistent profitability. Myself, I have 3-4 years before I made the choice to leave and I honestly cannot say whether I would have continued being profitable. The markets have changed a lot since when I started till when I left, all for the worse. The people that I do know are having a rougher time each year and some of them may not be profitable anymore. I know many more guys who actually blew out or simply had to quit, some of which were extremely consistent with years of profitability. And then there are the obvious losers who were never that profitable to begin with and were just riding short term streaks. So take the anecdotal info for what it's worth and make your own conclusions. I do believe a very few are actually gifted with trading skills. I also believe that just as many are actually statistical rarities, the tip of the bell curve, so to speak. I've come to believe that you need a real edge to be profitable, and I do not see these edges available to your average solo trader in the most traveled routes such as index futures and equities. Personally, I would not commit any serious time or capital to trading these anymore, and if I was to do so, I would consider it a gamble. Because unless you have a real edge, it is just gambling. There are many markets outside the closeminded index futs & equities box. Trading exists all over, people trade DVDs, comic books, coins, bullion, scrapmetal, PCs and PC parts, etc. The opportunity in some of the new emerging markets are amazing, lots of edges to exploit & monetize, as I am personally finding out. It's all about the "edge" and that is something that has been dried up from the stocks & stock futures. I think any new aspiring trader needs to explore these issues, instead of going on hope and self assurance that hard work & time will pay off.
I personally believe this OP is a 'toy boy' for the administrator to do EXACTLY what has happened ...10 pages of hits and nonsense.. NiN
Amazing how Garcia pulled a disappearing act when cornered. Nicely played. I'm bookmarking this thread as a reminder to him. Thanks.