Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

sicktrader

Let's Trade (Volume V)

Recommended Posts

Looking forward to following this thread.

 

Curious... how are we going to know if these are really 'live, real money' trading accounts? :confused:

 

I guess we will have to be on the honor system.

 

I'll post a screen shot from my daily equity run for this account, which Transact Futures emails daily in a .pdf file. Unless I am mistaken, most demo accounts will produce a blotter, but none that I know of, will produce a genuine demo equity run/daily statement, complete with the info one expects to see from his or her broker the next day (executions with time stamps, commission, fees, open/closed equity). For example, Transact demo account can produce a blotter, but it will not generate a separate equity run as it does for live accounts. If someone does have such a demo account, more power to them. For such a small entry requirment, I would hope that anyone who chooses to participate (right now it looks like it is still just me and sick) would be willing to trade real account.

 

And remember, if someone does post a run showing the million, he or she is on the hook to fly all the participants to meet one another for an expenses paid gathering. Without that, any claim to have made a million is just a claim. Now, if someone wants to fake a screen shot showing a phony million, and then pony up the dough to send me on an expenses paid vacation, I'm fine with that.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

I'll provide any info except name, address, and account number. I clear through RCG, and have my statement emailed to me daily at around midnight EST. I addition, I would have no problem allowing Thales access to my account to verify once I am out. Finally, I will try to post most trades once I enter, and identify my exit area. The info posted in the am will match my calls. When I attempted this on ET I was using a different system and could call my entry minutes in advance, not the case with my current system. I will be trading currency futures, and pretty much all of them. Usually in the game around 3:00am, and out by noon unless there is a Fed announcement in the afternoon.

 

This is a friendly event, which is why I am greatly interested. I didn't start the one last week because I was afraid it would appear like a "look at me" type of thread, which was not the purpose. Moving along this journey with Thales and hopefully others takes that out of consideration. The ultimate goal is to teach a few people my approach to money management. I am not saying it is the best, but it works, and would greatly help those with management issues.

 

Yes, in the ET version my language was sometimes in the gutter. Didn't start out that way, but the people at ET had a way of bringing out the worst in me. I am happy top be a member of TL, and I will be ever mindfull of the standards set forth by previous and current members of this community.

 

Finally, Thales, tell me when you are firing the starting gun. Don't want to be late.

Share this post


Link to post
Share on other sites
Paul,

 

The particular account I will be trading is one I use such deviations from the norm as this. I funded it back in 2008 with 3K and it has fluctuated between an equity high of I think 5K and change and its worst draw down was a few dollars over 1K as I play around with this and that instrument, chart pattern, etc. and so on. Typically it sees a bunch of $90-$150 daily profits followed by a quick string of $600 daily losses. While I love to play in my sand box, in the end it is the 123's and 2B's I trade in my trading account seem to be the only thing that really works for me. As I am coupling my Race efforts with one of my experiments, I'd not be surprised if all I manage is a string of small wins alternated with a string of larger losses. So while I'd love to hit a million, I'm in this more for the fun than any such expectation.

 

 

Thales,

 

I don't think that is the proper mindset. I hope to see you at the finish line, and would rather not ride alone.

Edited by sicktrader

Share this post


Link to post
Share on other sites
Thales,

 

I don't think that is the proper mindset. I hope to see you at the finish line, and would rather not ride alone.

 

Don't worry, sicko, I'll be trading for infinite yield. I want to meet you in NYC, not Vegas! So I have incentive to get to the finish line before you.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites
... I addition, I would have no problem allowing Thales access to my account to verify once I am out...

 

Same here ... I'll let Sick have access to my broker at the end of the contest. Even better, I suggest we allow James, TL's founder, to verify our trading records, for good or for ill, to his satisfaction.

 

Finally, Thales, tell me when you are firing the starting gun. Don't want to be late.

 

I will start "The Race" thread tomorrow evening, Monday April 26, 2010. I will post a screen shot of my statement Tuesday morning. The current balance is $1500 and change. For the first screen shot, I will show the whole statement with personal ID info erased using paint. Thereafter, I will simply screen capture that portion of the statement that shows the required info - trades, timestamps, commish, fees, equity.

 

Trading will start Tuesday, April 27, 2010. I will not be trying to post real time calls, but I will try to include a chart each morning of the instrument(s) I traded the prior day and I will mark entry and exit on a 5 minute chart.

 

Also, I will start the thread in the "Trading Logs" section of TL. I think Brownie and sevensa are moderators there, if I am not mistaken, and I'm sure that we can count on them swiftly to remove any irresponsible or disrespectful posts from the peanut gallery.

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

PS: I have been trying to contact Brownsfan but to no reponse, if anyone knows his number please contact him as I know he would want to participate.

 

And how exactly have you tried to contact me? No PMs and that's the only option here.

 

I'd like to see Brownie join in as well.

 

Best Wishes,

 

Thales

 

I will not be joining you guys in this. Have fun, will be an interested lurker.

Share this post


Link to post
Share on other sites
And how exactly have you tried to contact me? No PMs and that's the only option here..

 

Brownie, I must say you are one of my favorites. I did not send a PM, rather went the mental telepathy route. In fact, each time the Browns drafted another loser I did a quick shot of Crown, closed my eyes, and concentrated on contacting you via the mental airwaves. I gather it did not work. Wish you could play with us, but at the same time it's nice to have you around.

Share this post


Link to post
Share on other sites
Brownie, I must say you are one of my favorites. I did not send a PM, rather went the mental telepathy route. In fact, each time the Browns drafted another loser I did a quick shot of Crown, closed my eyes, and concentrated on contacting you via the mental airwaves. I gather it did not work. Wish you could play with us, but at the same time it's nice to have you around.

 

Well if you had any real knowledge of the NFL draft you'd realize that it takes at least 2-3 years before we have an idea if the draft was good or not.

 

McCoy in the 3rd was nice. On paper, it all looks good. Time will tell.

 

PS

I just hope McCoy doesn't turn into a serial 'dater' (and that's putting it nicely)... ;)

Share this post


Link to post
Share on other sites

Actually was just kidding around and thought the Steelers were horrid in all picks except for the 1st. Can't stand Ben anymore. In fact the niece of my good friend was dating him, but only lasted a few months. She kept saying why couldn't it have been Sid Crosby in the VIP lounge. She is very hot, I'm thinking of a way to get her on Rome is Burning, then setting her loose on a VH1 reality show since while hot she has trailer park tendencies. But back on topic, Steeler Nation is turning against Ben in a big way, though I'm sure when he throws his first TD pass I'm sure all will be forgot. With his suspension, 8-8 is the best I can hope for. Steelers went for a bunch of those 5'8" receivers, they always work out well.

Edited by sicktrader

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.