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About a successful futures trader who didn't know anything about futures
In 2018 I participated in a whatsapp group where people were trading with ES futures. Almost all of us losing money, with no plan to make things work. At certain moment a guy joined the group and started to share screen pictures of his trades with ES futures.
This man was way, way successful at trading, according to his comments he started with usd 2000 only to trade. In some months he reached almost usd 100.000 just trading the ES.
He is very well known in my country, Argentina, where built a reputation as a successful trader. Not only with futures, also with stocks in the bull market of 2020/2021. For example, he bought NIO stock at usd 2 and when it was usd 40 he was still long on the stock.
Ok. Some highlights about this man. I talked to him several times and I know some things about his methods to trade. It´s hard to believe:
I swear the guy had no idea what a futures contract was, no plan, any kind of performance before he started in 2018... when trading he barely knew what were the regular trading hours for futures. Arbitrarily he had some lines on his screen to trade ES, using only a 5 min chart with something like primitive jackson zones drawn ... nothing else ...
I followed his activity for two months almost ... every day trading the ES he always took some money from the market, never having even a losing day ... one day they were usd 400, others usd 600, sometimes making up to usd 1500/usd 2000 in one day only ... that´s a lot of money in Argentina ...
Once the guy entered in the group at the morning writing "Oh, wow, I am a bear today, I´m gonna short", started to lose twice in some minutes and suddenly bought some contracts and recovered the money to later end the day positive.
* He did not have a job. His earnings were from passive income from some small business he had.
* Then he had a lot of free time to sit in front of a PC to trade.
* Using Ninjatrader as platform, he almost always went long/short a contract, when the trade was positive he added to the position to going out almost immediately (similar to the building of positions on stocks by the very well known Mark Minervini, but in a matter of seconds)
* He had no problem to cut a losing trade and start again, with no anger, regret or something similar, making possible to recover the lost money.
* Like I wrote before, he had no idea was a futures contract was, just knowing barely how to trade them.
* Had no kind of plan for the day, or any scheme or previous analysis to start to trade. Just waking up at the morning, taking breakfast and start to trade.
The only asset this guy had was his psychology. I think he had the patience, calm, time, optimism, etc a successful trader has. Except for the fact he never analysed anything.
There are some things about this guy that at the moment I do not remember, but guess you have the general idea of what I´m talking about.. a person who had no f..ing idea of finance but very successful trading not only futures, but stocks too ...
Would any of you here like to give an opinion about this? Do you know any other successful trader with similar traits to this one? This guy is an evidence that no indicator, platform, even deep knowledge is really needed to take money from the market.
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I am very interested in the overlap with Tom Hougaard's "Best Loser Wins".
Here is a YouTube video:
I also recommend reviewing his articles and book discussing most traders having a winning percentage, yet being overall unprofitable because they hold on to losing positions.
Ohh, What a story. All individuals I know is struggling one way or another. There is one good story of an individual here in Oz who has a good success with a tape reading. He also has a proven track record.
It is incredibly hard to get anything out of him. I guess he is busy printing money.
His story so stack with me that it is the only motivation that keeps me going to this days.
Something similar in the video below. I like this guy.
I really wonder sometimes if I am thinking too much, and trading should be as simple as pulling the trigger.
