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Primary source of income: how many have made it?
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Primary source of income: how many have made it?

  #191 (permalink)
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rassi View Post
the key is the emotional attitude to risk, and no desire or hard work in the world can attain that or pshycological mind training. true there are many other important factors needed to be a success but with out this it wont happen.

I agree that one key is the emotional attitude to risk along with some form of pattern recognition ability, but I think the correct attitude can be learned or developed over time. I am by nature risk averse compared to many traders I know in the areas of my life that do not involve trading. I don't gamble, I don't invest aggressively, I don't skydive, etc. And my parents would definitely have characterized me as being a cautious kid. But I've been trained since I was 22 to take the business risks associated with trading, it was the job I was being paid a salary to do, and I learned to do it.

My attitude is that all businesses involve some degree of risk, even if the business owner doesn't think about those risks. You paint houses for a living, you may fall off a ladder. You drive a truck, you may slip on an icy bridge. You have a legal or medical practice or accounting practice, you risk malpractice lawsuits. You make markets, you have a lot of losing trades, but at the end of the day you take home a paycheck. The point is to figure out ways to manage risk, both emotionally and in how you conduct your business.

I have outlined a way to get over the hurdle of the emotional resistance to trading bigger, which is to do it incrementally and to make a habit of it. It worked exceptionally well for me and allowed me to build substantial capital even though I am no Michael Jordan.

"You don't need a weatherman to know which way the wind blows..."
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  #192 (permalink)
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MetalTrade View Post
I'll buy you 10 times and it didn't took me 30years.

@tigertrader: Sound like an Israeli we both know? "I vill BURY you!"

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  #193 (permalink)
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tigertrader View Post
But, he always manged to get the quote out.

I.e. the broker traded through a bunch of orders to get a one piece fill and let Tom figure out how to deal with it. That's exactly the kind of legal risk I DIDN'T want to deal with. Like trying to explain ginzies to a grand jury.

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  #194 (permalink)
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jstnbrg View Post
@tigertrader: Sound like an Israeli we both know? "I vill BURY you!"


Guidon, Yosi, or someone else?

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  #195 (permalink)
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tigertrader View Post
Guidon, Yosi, or someone else?

Guidon was before my time, he was in London by the time I got to the CBOT. Yosi. Who else was there?

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  #196 (permalink)
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jstnbrg View Post
Guidon was before my time, he was in London by the time I got to the CBOT. Yosi. Who else was there?

Sam Judlo, in the beans is a Sabra.

Yosi was a stitch!!!

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  #197 (permalink)
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itrade2win View Post
I have to laugh. I sit here and read these reply's and wonder who is really telling the truth about trading with a live account and who is really profitable. No one really knows other than yourselves. My philosophy is never to take advice from anyone who is at the same level or below myself. Not that any of you have to prove anything to any other person in this forum, but how do we really know that you know what you're talking about or if you're just full of shit and trading is just a hobby or if you're a wannabe's? So with that said I will say no more on the matter. I believe in the proof. At some point I am willing to share my monthly account statement with others and I bet none of you are.

I'm not sure who tigertrader is, but I guarantee that he and I are telling the truth. In case I didn't make it clear, I did well in the pit and for a couple of years after, but have not yet mastered swing/day trading. I don't think the problem is the way I deal with risk, I think it's partly insufficient pattern recognition and partly boredom. Best of luck to you, I think you are very much on the right track.

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  #198 (permalink)
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tigertrader View Post
Sam Judlo, in the beans is a Sabra.

Yosi was a stitch!!!

I didn't know Sam Judlo. Yosi was indeed a stitch. Were you there the day Charlie D came up to him after the close and just screamed at him because of the way he had marked a back month?

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  #199 (permalink)
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Moderator Note
Ok guys, I deleted 2 posts as they were offensive! Please discuss in a fair way, respecting each other, even if you aren't agree! I think you are adults enough to do this Thanks!


Take your Pips, go out and Live.
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  #200 (permalink)
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LukeGeniol View Post
Moderator Note
Ok guys, I deleted 2 posts as they were offensive! Please discuss in a fair way, respecting each other, even if you aren't agree! I think you are adults enough to do this Thanks!


If one of them was mine, I'm sorry, I was not trying to be offensive, but I must admit I was offended by a guy who talks like an expert but who posts things that display common misunderstandings about the business, misunderstandings which need to be cleared up for everyones' sakes, and who throws a lot of macho BS at people who are working hard to better themselves.

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