MightyMouse

I have also had trades that were set, meaning my stop is at be looking to add and I went to be to come back to a 200 tick move in oil. About 3 minutes time. No joke. I suspect I would have added so that pee cost me money too, but that was a welcome surprise. Going without coffee is just not an option either.

Still behind if the payout is 1:1 not so otherwise. Casinos also limit the size of your bet because they understand that black swans can occur.

I am not using Oanda, but I am holding and hoping that I get some love.

That makes the statistics of 1/1000 wrong and him smart for knowing that the stats are wrong. If you get a chance, read: FRB: Speech, Bernanke--The Great Moderation--February 20, 2004. It is Bernanke talking about the "Great Moderation". I read it way back before I knew who he was and marveled at how he dismisses all possible causes of the decrease in macro-economic volatility and arrogantly suggests that it is primarily the result of monetary policy. It was written in 2004. It is awesome to see in hindsight how his arrogance was misplaced, given the economic events, later in the decade. You can know argue that the monetary policy that he claimed led to the Great Moderation also led to the financial crisis of 2008. I suppose you can argue against it too. I suspect that the events that are occurring with a higher frequency are occurring with a higher frequency because of the very high frequency of interference by central banks central banks throughout the world over the last 90 years.

if you have a 50/50 chance of an event occurring and you hit 5 winners in a row, you were lucky. It is a temporary condition. It Teleb is taking a risk on a 1/1000 year event that already occurred 5 years ago and he hits it again, then he was lucky.

Luck is a huge factor. It is not skill when price turns 1 tick from your stop and goes on to make a big winner. It is also luck that it stops you out and then moves in the right direction without you. I have waited to take a trade and gotten up to pee and came back to see that the trade happened without me. Why did I have to pee right then? Or, why didn't it happen when I was there? Either way, there was no trade and no gain. The luck is in the timing of things. In the end your luck should even out. When it does even out your true edge will show up as dollars and cents in your account.

I don't know if 90% is a real percentage or not. It is the one that most people use as meaning almost all. I would be more comfortable with 99%. My commentary is on the need to know how to trade before you use trading tools. I don't know how you can be a trader without being technical. In some way shape of form, we have to decipher data.

You have to have a good idea of the conditions you are trading to determine if you are going to use a small stop and large target, a small target and large stop, or a stop with no target. There are market conditions where it makes more sense to, say, risk a max of 50 to make a max of 25. The condition that comes to mind is a directionally biased market with very high short term volatility. Trying to trade these conditions using, say, an 8 tick stop with a target of 25, you can easily get crushed a few times trying to enter and have the market go in your intended direction anyway. As an example if I enter short CL at 83, using a 25 tick target and 50 tick stop, if the market immediately moves to 82.95, I will adjust my stop down from 83.50 to 83.45 if it then moves back above 83, I will move my target up penny for penny always having 25 ticks between the high after I entered and my target( for a short ) even if the market moves against me more than 25 ticks and I keep 50 ticks distance between the low that it went and my stop until my target is hit. It isn't a trade for the weak hearted and I monitor other elements of time price and volume while I am in the trade to determine if I stay or bail. It is a very high probability trade and it allows me to trade horrible market conditions that I normally would or should stay out of. I will not trade without a stop so taking a trade with no stop or no target or no stop and a small target are just not something that I do or recommend that anyone do in a short term trade. MM

Buy High and Sell higher is also how you steal the lunch money from those who are trying to sell high and buy back lower. You'll get a full course meal and maybe even a car from some of the stubborn ones who can't accept that they are wrong.

Post 19 is an advertisement, Post 36 is an advertisement. Post 49 is an advertisement, Post 63 I will call an advertizement, Post 67 is an advertizement. There are about 8 or 9 posts so about 1/2 are advertizements blended in with whining about being mistreated. It looks like he is a lot of work. If you removed some, then there were a lot more. I am not trying to be mean to the guy, but I do not recall a single post that he authored that added any value to this thread or this site in any way. Others, such as Steve46, whether you agree with his method or not, has added value to the site. I might be mistaken, but all I have seen Roger do is solicit and defend his business.

You were not the vendor I was referring to. In your case, instead of name calling, your tactic is to play the victim. The claim was that you make 1000 a day daytrading, which you later corrected to an average of 1100 or 1200 a day. Asking you about an outrageous claim about making 1100-1200 a day trading 2 contracts is not a rude and disrespectful comment.

MMS, if you review the instances of name calling, etc it is generally when a vendor is questioned about a claim and resorts to attempting to defame the person asking the question to diverge attention from the original question so that he doesn't have to answer it. The likely response for the poster is to respond defensively or in kind. So now all a vendor has to do is to begin name calling to diverge attention from the facts and the series of posts will be deleted. TL then becomes a site that favors vendors who have nothing of real substance to offer who can be prey upon unsuspecting members. This thread which is supposed to be about off topic and moderation is riddled with the constant advertising by the Roger guy and they do not get deleted. How in God's name are his advertizements a part of this friggin discussion? Why do you allow those posts and delete other posts, like mine, that address facets of the off topic discussions? So, if I made a comment to roger about his incessant promotion on this very thread which he does under your nose since he has manipulated you into protecting him, he will whine to you and you will delete my post even though it is a post that others likely agree with and share a similar sentiment. This is BS!

However, in order for him to not prove his claims he has to first be asked to prove his claim by someone who doubts his claim. But when asked to prove his claim by someone who doubts his claim he comes whining to you that he is being mistreated by the hateful posters on your site. And, you slash away at posts which had good value to the rest of the community. Is this becoming China? MMS on your birthday, in your honor, are we all going to have to crowd together and form human LCD birthday wishes?

When I do these I generally will do them as credit spreads and find opportunities below the market for bullish put spreads and above the market for bearish call spreads. So if you have a $52-3 stock that has been volatile, making the option premiums richer, you might be able to sell a 45 put and buy a 40 in the expiring month for a credit of about $1.70. It is rare for the premium to be higher than that. If the stock goes up you make money. If it does nothing you make money. If it goes down you can make money if it stays above $43.30, and you lose money if it goes down below 43.30. It's a great way to take advantage of recent volatility on a stock. It is a bet that future volatility will be less than current volatility.

I think the greatest difference is the competition. Trading the market is as close to perfect competition as you can get. Other businesses can have quite a few barriers to entry which make it easier to maintain a niche or edge. Because of this, it is much easier to make more money elsewhere than it is in the markets.

Your feelings getting hurt is libel? You should desensitize a bit. You'll last longer.

When some people post it is frequently very important to take the thread off topic until they are dealt with properly. Sure, some good guys get hurt, but in the long run the flow of information works better without moderation because if you give them enough time, they will expose themselves for what they really are. It is a great process to watch as it unfolds. There is nothing wrong with speculating on the intent or integrity of another member of the site. In fact, you really should encourage the behavior. As a member of a trading community, do you want someone to suggest that he can on demand turn a 10000 account into a 200000 account in a year without getting put through the ringer? Nothing is more irritating than having a post get deleted or censured. I do think that if you are going to censure a post that you should first contact the poster to see if he would rather the post be deleted altogether. Censorship editing frequently changes the meaning of the post.

If he is risking 50 ticks to make 20 ticks at an 80% win rate in ES then he will make about $58 at 12.5 a tick and about 4.5 in commissions per contract. If he is risking 5 to make 2, he can't win with an 80% winrate at 12.5 a tick and commissions per contract. I do not mean to complicate things, but the devil is in the details.

It is just as hard to always lose as it is to always win. Are you moving stops? are you getting out with small gains? IMO your losses from your stop outs are not your problem. Everyone gets stopped out of trades. No mindset will prevent you from getting stopped out. I see nothing wrong with getting out of a trade with just a few ticks profit or just a few ticks loss without hitting your stop if you feel that conditions have changed substantially to warrant a change in plan. The change in plan would be something i would do 1000 out of 1000 more times if the circumstances presented themselves in a similar manner. Your gains are probably more the issue than the losses if you are not moving your stops. I am guessing but I suspect that you are getting out of your winners too early for fear of them becoming losers. MM

Let us get the money to an attorney in escrow first so that I know you actually have it and draw up the exact terms before I supply anything. I really do not want to waste my time if you do not have any money. My system will out perform your requirements as you have stated them so you should be excited to comply.

What about the $ 1 million offer? I said I would take you up on it Should I sign into your site and ask you there in front of your "students"?

I am not suggesting that you do not have time to trade a real account. I will, however, suggest that you do not have a real account that you trade with. That isn't a fact. It comes from my gut. There are no facts to twist. Only fabrications to poke sticks at. I took you up on your offer for the $1 million. Scared? Let's stick to the facts.

Awesome, your average gain increased from 1000 to 1100 or 1200 in less than 1 page of forum thread. Pinocchio, are you sure you are telling Papa the truth? You are a saint for forgoing hundreds of thousands a year. Of course your sim trading, which by your account is harder, is much smaller than what you would actually trade. So, you are forgoing millions to pursue altruistic motives. God will look after you. Bless you. Of course you will only get a sim God where you are going.

A 1000 can be made in a day. A 1000 cannot be made every day trading only 2 contracts for very long. So, stating that you can make a 1000 a day trading 2 contracts is at best misleading.

Chief it is you who are insulting others. Who the hell do you expect to fool with this? What next? You are more angry when you lose in sim than you are when you trade live? In addition, no one makes 1k a day trading with 2 contracts, but somehow we are not supposed to think you are a complete fraud.