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Time to Give Up
Started:March 27th, 2013 (04:47 PM) by Big Mike Views / Replies:55,863 / 414
Last Reply:October 21st, 2016 (12:21 AM) Attachments:3

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Time to Give Up

Old July 14th, 2016, 09:25 PM   #341 (permalink)
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interesting how you all have these romantic ideas of trading because of Jesse Livermore...no stops, no charts, develop the the sixth sense for the markers....Here is a hard core reality: When the SEC (Securities and Exchnage Commissions) was established in 1934, Jesse started losing his fortune. Guess what that means? When he was asked to play fair...he lost.
He died broke, BTW.

We live a world of computerised trading, your trading skills are important, but your risk risk management will save you.

Dont be Jesse.

Matt Z
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Old July 14th, 2016, 09:29 PM   #342 (permalink)
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mattz View Post
interesting how you all have these romantic ideas of trading because of Jesse Livermore...no stops, no charts, develop the the sixth sense for the markers....Here is a hard core reality: When the SEC (Securities and Exchnage Commissions) was established in 1934, Jesse started losing his fortune. Guess what that means? When he was asked to play fair...he lost.
He died broke, BTW.

We live a world of computerised trading, your trading skills are important, but your risk risk management will save you.

Dont be Jesse.

Matt Z
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.


Mattz, then how do you explain my trading journal? I use no stops, and I use intuition combined with a bit of techno analysis, to a degree. Please explain it, and why it WILL NOT WORK. I have been asking that since I started that thread. Nobody has ever answered the question. I need to know how, aside from the margin stop, the system may fail.


Last edited by HoopyTrading; July 14th, 2016 at 09:39 PM.
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Old July 14th, 2016, 09:51 PM   #343 (permalink)
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HoopyTrading View Post
Mattz, then how do you explain my trading journal? I use no stops, and I use intuition combined with a bit of techno analysis, to a degree. Please explain it, and why it WILL NOT WORK. I have been asking that since I started that thread. Nobody has ever answered the question. I need to know how, aside from the margin stop, the system may fail.

You trade sim. You are not a real trader you're just pretending. Thus your questions, like your "trading results," are meaningless. When you want to be a real trader and be taken seriously, put some skin in the game.

Someday, and that day may never come, I'll call upon you to do a service for me.
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Old July 14th, 2016, 09:52 PM   #344 (permalink)
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HoopyTrading View Post
Mattz, then how do you explain my trading journal? I use no stops, and I use intuition combined with a bit of techno analysis, to a degree. Please explain it, and why it WILL NOT WORK. I have been asking that since I started that thread. Nobody has ever answered the question. I need to know how, aside from the margin stop, that the system may fail.

You want me to explain your way of thinking by analyzing your thread? Sorry, this is not within my skills set.

Intuition is a very complex subject. But, it is a mechanism that makes you jump to conclusions and contsruct a story with very little facts.
When you have no skin in the game "paper trading" you tend to overlook a lot of noise in the market, chemical imbalances (emotions) and others factors do not come into play when just observing the markets.

When you trade real funds, day in and day out, you will need to contrust a different story with strong facts (technical and quantitative) and reach conclusions accordingly. Your intution then uses different factors than you use now.

Experienced traders "eat" every year guys who think they can make it with intuition.

Matt Z
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Old July 14th, 2016, 10:09 PM   #345 (permalink)
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mattz View Post
...When you trade real funds, day in and day out, you will need to contrust a different story with strong facts (technical and quantitative) and reach conclusions accordingly. Your intution then uses different factors than you use now.

Experienced traders "eat" every year guys who think they can make it with intuition...

That, sir, sounded and felt like a white-gloved slap challenge! Dear mattz, I accept your challenge, and shall endeavor to prove ye wrong, good sir! Have at you!

(mattz, I've been through the RL blender of using real funds, man. I am still working through the psychology of it all. It's been nearly a year now since that terrible day when I lost a huge chunk of change in the live market, with REAL MONEY. OMG! SOMEONE DID IT, THEY LOST MONEY IN REAL-LIFE!. We'll see.)

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Old July 14th, 2016, 10:15 PM   #346 (permalink)
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You trade sim. You are not a real trader you're just pretending. Thus your questions, like your "trading results," are meaningless. When you want to be a real trader and be taken seriously, put some skin in the game.

Hey, at least I am trying to play a hand, and am putting in effort. If you have real LIVE results to show, than please share them with the rest of us.

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Old July 14th, 2016, 10:22 PM   #347 (permalink)
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That, sir, sounded and felt like a white-gloved slap challenge! Dear mattz, I accept your challenge, and shall endeavor to prove ye wrong, good sir! Have at you!

(mattz, I've been through the RL blender of using real funds, man. I am still working through the psychology of it all. It's been nearly a year now since that terrible day. We'll see.)

Not at all.
I take no joy in challenges of this sort...it's your capital after all and I dont want you you experiment with it.
As a broker I share with you practical experience, because I talk to guys with vast experience that many (in my opinion) do not have access to.


Matt Z
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There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; July 14th, 2016 at 10:34 PM.
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Old July 14th, 2016, 10:25 PM   #348 (permalink)
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By the way guys, I am not joking about my sheet. I am about to do this live. No fucking lie. (pardon my French Mr. Big Mike.) I am sick and tired of sim, and I need to get busy. I just need to get the hell out of this long-term GC short trade, do some analysis, and make it so next month. August, the month I lost my shit a year ago. Frak! I do not mean to be superstitious, but for frak's sake, I need to get over this hump.

I can FEEL it.

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Old July 14th, 2016, 10:33 PM   #349 (permalink)
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Hey, at least I am trying to play a hand, and am putting in effort. If you have real LIVE results to show, than please share them with the rest of us.

Don't be mad at those who who have skin in the game and being truthful and honest. Sim is sim...it's nothing to do with reality regadeless of the effort. We get the idea that you need to start somewhere.

Guys who are honest chllange you, and those who you "dislike" may be your role models one day.
Can you name the nice teachers in your high school? LOL i did not think so.

Matt Z
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There is a risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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Old July 14th, 2016, 10:37 PM   #350 (permalink)
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Not at all.
I take no joy in challenges of this sort...it's your capital after all and I dont want you you experiment with it.
As a broker I share with you practical experience, because I talk to guys with vast experience that many do not have access to...

Yes, exactly. It is my capital. So if my system is working, who are you to tell me that it will not work with real money? I am not "experimenting" with anything. I have delved into the deepest shit of the CME you can possibly imagine, and have learned. I have learned about trading price limits, and delivery limits, and volatility limits and liquidity on forward months, delivery terms, settlement dates and parameters...

I even looked into getting my own Series 3 license, so I could do all this on my own through the CME direct.

Bollocks. I am not experimenting with my capital, mattz... I am exploring and expanding my life with it. How does one get "vast" experience with this sort of thing? By researching it, studying it, and never giving up. And I will NEVER give up! Never. If I can't make this work, I'm useless and fubar. So this is where my energy goes now.

Thank you mattz for your input.

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