yale student

[paweldobkowski]

and went long @ .38
will probably reverse that

EDIT:

or not?
i feel like we are few seconds from sellers taking a fkn big loss

EDIT:

and they did
the last moment where the position fits on the screen



took +36 home

[paweldobkowski]

this is it from me for today
60+ ticks

Alias got me thinking yesterday
i really dont have to push myself so much
this is a marathon not a sprint

also im still studying yesterdays pa
i think we got a new market maker

[aliassmith]

this is it from me for today
60+ ticks

Alias got me thinking yesterday
i really dont have to push myself so much
this is a marathon not a sprint

also im still studying yesterdays pa
i think we got a new market maker

Glad I can help
In these markets and your talent you shouldn't need/have to trade for 12 hours a day.
In crude you can put decent size on and with 60 ticks make good money without beating yourself up.
Its just relative to what an individuals goals are and how that market accommodates those goals.

60 ticks Crude is equal to 48 ticks ES/DAX is equal to 120 ticks NQ/YM.
If you are a 10 contract trader you can trade any of those markets
If you are a 100 contract trader your options decrease depending on your style

I'm fairly certain one of the reasons you get into trading isn't because you want to work more than a 9 to 5 job.

[aliassmith]

you are back man?
i mean from the trip?

Ya I can only burn so much skin off of my body.
I recommend the Cayman Islands

what was the weather?
the temperatures are bearable?

its probably easier for you
since you're from the US

I didn't look at the weather so much but I think it was high 80's and the water was a nice temp also.
The drinks were about 35 degrees F.

[paweldobkowski]

Glad I can help
In these markets and your talent you shouldn't need/have to trade for 12 hours a day.

i can retire now lol
thanks Alias!

In crude you can put decent size on and with 60 ticks make good money without beating yourself up.
Its just relative to what an individuals goals are and how that market accommodates those goals.

60 ticks Crude is equal to 48 ticks ES/DAX is equal to 120 ticks NQ/YM.
If you are a 10 contract trader you can trade any of those markets
If you are a 100 contract trader your options decrease depending on your style

I'm fairly certain one of the reasons you get into trading isn't because you want to work more than a 9 to 5 job.

that is true
20 contracts is my upper limit ---- i trade much smaller on the daily basis tho
i really dont have to go above that to reach my long term goals
so the liquidity is not an issue 99% of the time for me

the thing is/ was
that it took SO MUCH for me to get consistent
that ever since i got the "edge" i go really hard
and it served me well so far

while i was working at one of the prop trading firms ive seen the guy who was clipping 200 lots
meaning ---- his one click was 200 ---- most of the time he was trading 400
he was killing it for almost 2 years
then he started showing up late to the office
ending the days early
and the next thing you know the dude couldnt stop losing money
i mean it was certainly some kind of psychological issue aswell (not only a technical one)
but it made me really respect the markets ---- hence i dont like the "phone trading"

i just feel ultra lucky to be able to do this
we all know dozens of soldiers lost in the battle
but i need to reevaluate stuff for sure
and as i already said
i like to see you guys killing it here because it gives me a good perspective

[paweldobkowski]

Ya I can only burn so much skin off of my body.
I recommend the Cayman Islands

what was the weather?
the temperatures are bearable?

its probably easier for you
since you're from the US

I didn't look at the weather so much but I think it was high 80's and the water was a nice temp also.
The drinks were about 35 degrees F.

haha

[aliassmith]

Glad I can help
In these markets and your talent you shouldn't need/have to trade for 12 hours a day.

i can retire now lol
thanks Alias!

In crude you can put decent size on and with 60 ticks make good money without beating yourself up.
Its just relative to what an individuals goals are and how that market accommodates those goals.

60 ticks Crude is equal to 48 ticks ES/DAX is equal to 120 ticks NQ/YM.
If you are a 10 contract trader you can trade any of those markets
If you are a 100 contract trader your options decrease depending on your style

I'm fairly certain one of the reasons you get into trading isn't because you want to work more than a 9 to 5 job.

that is true
20 contracts is my upper limit ---- i trade much smaller on the daily basis tho
i really dont have to go above that to reach my long term goals
so the liquidity is not an issue 99% of the time for me

the thing is/ was
that it took SO MUCH for me to get consistent
that ever since i got the "edge" i go really hard
and it served me well so far

while i was working at one of the prop trading firms ive seen the guy who was clipping 200 lots
meaning ---- his one click was 200 ---- most of the time he was trading 400
he was killing it for almost 2 years
then he started showing up late to the office
ending the days early
and the next thing you know the dude couldnt stop losing money
i mean it was certainly some kind of psychological issue aswell (not only a technical one)
but it made me really respect the markets ---- hence i dont like the "phone trading"

i just feel ultra lucky to be able to do this
we all know dozens of soldiers lost in the battle
but i need to reevaluate stuff for sure
and as i already said
i like to see you guys killing it here because it gives me a good perspective

Sounds like he caught his self a case of the superman complex. You still have to respect the markets.

[LeMercenaire]

Glad I can help
In these markets and your talent you shouldn't need/have to trade for 12 hours a day.

i can retire now lol
thanks Alias!

In crude you can put decent size on and with 60 ticks make good money without beating yourself up.
Its just relative to what an individuals goals are and how that market accommodates those goals.

60 ticks Crude is equal to 48 ticks ES/DAX is equal to 120 ticks NQ/YM.
If you are a 10 contract trader you can trade any of those markets
If you are a 100 contract trader your options decrease depending on your style

I'm fairly certain one of the reasons you get into trading isn't because you want to work more than a 9 to 5 job.

that is true
20 contracts is my upper limit ---- i trade much smaller on the daily basis tho
i really dont have to go above that to reach my long term goals
so the liquidity is not an issue 99% of the time for me

the thing is/ was
that it took SO MUCH for me to get consistent
that ever since i got the "edge" i go really hard
and it served me well so far

while i was working at one of the prop trading firms ive seen the guy who was clipping 200 lots
meaning ---- his one click was 200 ---- most of the time he was trading 400
he was killing it for almost 2 years
then he started showing up late to the office
ending the days early
and the next thing you know the dude couldnt stop losing money
i mean it was certainly some kind of psychological issue aswell (not only a technical one)
but it made me really respect the markets ---- hence i dont like the "phone trading"

i just feel ultra lucky to be able to do this
we all know dozens of soldiers lost in the battle
but i need to reevaluate stuff for sure
and as i already said
i like to see you guys killing it here because it gives me a good perspective

Sounds like he caught his self a case of the superman complex. You still have to respect the markets.

There's also the flip side to the Superman Complex, The Gunslinger Syndrome.

With Superman, they don't tend to die a slow death at the office (as Pavel says, turning up late, leaving early) but instead they blow it all in one spectacular f***up. Witness Mr Leeson and that guy who claimed he had fat-fingered a gazillion bucks away (only to finally own up that he had simply kept chasing a dying market that never turned). One big BOOM! and they are done.

With the Gunslinger Syndrome, they begin to sleep with one eye open, lives his life constantly looking over his shoulder, knowing that there is someone out there - younger, fitter, faster, hungrier - who is coming for him. He gets twitchy, starts trying to milk trades too long. Or conversely goes in too heavy so he can get back out safely quicker. He never knows when that shootout that takes him down is coming, so he treats every trade like it could be his last. He gets gun shy. Triggers too early, bails too late.

They are the ones who get into the bottle or blow their nose membranes and begin to shy away from actually working at all (in late, leave early etc, blitzed 5 mins after they step out of the building).

[aliassmith]

i can retire now lol
thanks Alias!



that is true
20 contracts is my upper limit ---- i trade much smaller on the daily basis tho
i really dont have to go above that to reach my long term goals
so the liquidity is not an issue 99% of the time for me

the thing is/ was
that it took SO MUCH for me to get consistent
that ever since i got the "edge" i go really hard
and it served me well so far

while i was working at one of the prop trading firms ive seen the guy who was clipping 200 lots
meaning ---- his one click was 200 ---- most of the time he was trading 400
he was killing it for almost 2 years
then he started showing up late to the office
ending the days early
and the next thing you know the dude couldnt stop losing money
i mean it was certainly some kind of psychological issue aswell (not only a technical one)
but it made me really respect the markets ---- hence i dont like the "phone trading"

i just feel ultra lucky to be able to do this
we all know dozens of soldiers lost in the battle
but i need to reevaluate stuff for sure
and as i already said
i like to see you guys killing it here because it gives me a good perspective

Sounds like he caught his self a case of the superman complex. You still have to respect the markets.

There's also the flip side to the Superman Complex, The Gunslinger Syndrome.

With Superman, they don't tend to die a slow death at the office (as Pavel says, turning up late, leaving early) but instead they blow it all in one spectacular f***up. Witness Mr Leeson and that guy who claimed he had fat-fingered a gazillion bucks away (only to finally own up that he had simply kept chasing a dying market that never turned). One big BOOM! and they are done.

With the Gunslinger Syndrome, they begin to sleep with one eye open, lives his life constantly looking over his shoulder, knowing that there is someone out there - younger, fitter, faster, hungrier - who is coming for him. He gets twitchy, starts trying to milk trades too long. Or conversely goes in too heavy so he can get back out safely quicker. He never knows when that shootout that takes him down is coming, so he treats every trade like it could be his last. He gets gun shy. Triggers too early, bails too late.

They are the ones who get into the bottle or blow their nose membranes and begin to shy away from actually working at all (in late, leave early etc, blitzed 5 mins after they step out of the building).

Ya im not sure what the guy had but I had the feeling of being Superman after making over 100% on my account several months straight. Then I doubled it in 24 hours. Then the market reminded me that it is kryptonite and I lost half my account. You must respect the market at all times because it will rip your life out.

[paweldobkowski]

you guys might be right that it was mainly psychological
i saw that dude crying infront of the damn screen once
it was a mess