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Search: Posts Made By: jstnbrg
Forum: Trading Reviews and Vendors February 11th, 2012, 05:03 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
Oh, well. Caveat emptor.

Oh, well. Caveat emptor.
Forum: Trading Reviews and Vendors February 11th, 2012, 04:20 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
I thought the 15k was what he has blown...

I thought the 15k was what he has blown altogether, not an additional 15k.

But I am absolutely stunned that he would have the audacity to sell whatever he has developed in such a short time. It...
Forum: Trading Reviews and Vendors March 16th, 2011, 10:59 AM
Replies: 334
Views: 118,149
Posted By jstnbrg
Yes. Remember, HFT is mechanical, and that's the...

Yes. Remember, HFT is mechanical, and that's the most profitable game out there.
Forum: Trading Reviews and Vendors March 15th, 2011, 06:31 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
I was responding to this earlier while trading...

I was responding to this earlier while trading but Firefox crashed on me and I lost the post. I was assuming a positive return including transaction costs. If your return is negative after...
Forum: Trading Reviews and Vendors March 15th, 2011, 05:48 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
A couple of comments both for you and for...

A couple of comments both for you and for thatguy. You will not necessarily lose it all when the market changes if being prepared for change is part of your business plan. I've had a rule for many...
Forum: Trading Reviews and Vendors March 15th, 2011, 12:06 AM
Replies: 334
Views: 118,149
Posted By jstnbrg
In the interest of helping shine a light on this...

In the interest of helping shine a light on this subject, I'm starting a trading journal where I will post my p/l per contract. https://nexusfi.com/trading-journals/8903-jstnbrgs-log.html
Forum: Trading Reviews and Vendors March 14th, 2011, 11:22 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
I'm not exceptional at math, but I think most of...

I'm not exceptional at math, but I think most of his points were examples, not hard and fast rules.



Actually, it is not certain that either will be hit. I've often had trades where the...
Forum: Trading Reviews and Vendors March 14th, 2011, 03:47 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
Not my favorite instrument, but there are times I...

Not my favorite instrument, but there are times I trade it, or YM (I get lower fees because I'm a CBOT member).

There is more information available to the stock index trader, namely market...
Forum: Trading Reviews and Vendors March 14th, 2011, 03:12 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
True. All different sorts of information can be...

True. All different sorts of information can be helpful. Remember, however, that the real game is no longer being played in the pits.

I can't think of a reason why anyone places orders in the...
Forum: Trading Reviews and Vendors March 14th, 2011, 02:26 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
Belief (really, proof, in the form of successful...

Belief (really, proof, in the form of successful traders we worked with daily) is what motivated most of us to keep at it when the going was tough. As Tigertrader has pointed out, pit trading is a...
Forum: Trading Reviews and Vendors March 12th, 2011, 01:35 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
Like TigerTrader, I am a long term veteran of the...

Like TigerTrader, I am a long term veteran of the trading pits. The profitability of many pit traders is obvious; anyone who started out trading 1 lots and is now trading 500 lots is obviously very...
Forum: Trading Reviews and Vendors January 21st, 2011, 12:28 AM
Replies: 334
Views: 118,149
Posted By jstnbrg
Chris Farley writes software?

Chris Farley writes software?
Forum: Trading Reviews and Vendors January 8th, 2011, 01:40 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
The original poster was not asking us for the...

The original poster was not asking us for the location to the treasure. He was just asking for some verification that treasure exists, that someone has found treasure. Uploading statements to...
Forum: Trading Reviews and Vendors January 6th, 2011, 12:00 AM
Replies: 334
Views: 118,149
Posted By jstnbrg
I used to work with about 40 of those human...

I used to work with about 40 of those human traders. Most of them are out of business, including a guy who made $3 million his second year trading. And it was talent, not luck and overtrading. The...
Forum: Trading Reviews and Vendors January 5th, 2011, 11:48 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
The whole thing, or just part? About the...

The whole thing, or just part?

About the pit traders: High fixed costs ($3,000/month and up), long learning curve, brutal competition.

Check out this link about the monkeys: Infinite...
Forum: Trading Reviews and Vendors January 5th, 2011, 02:42 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
Profitable traders are the outliers. (As I've...

Profitable traders are the outliers. (As I've said earlier on this thread, that's even true for pit traders). So are successful restauraunters, NBA stars (and college stars) etc. That doesn't mean...
Forum: Trading Reviews and Vendors December 31st, 2010, 12:11 PM
Replies: 334
Views: 118,149
Posted By jstnbrg
And it will continue to stand, because even those...

And it will continue to stand, because even those who have what you want will not give it to you, and even if a few did you would just consider them to be outliers. No one here denies that the vast...
Forum: Trading Reviews and Vendors December 31st, 2010, 11:42 AM
Replies: 334
Views: 118,149
Posted By jstnbrg
And it would no longer work. Any potential...

And it would no longer work. Any potential profits would be competed out of any method that went viral. Your understanding of the markets you trade is the method. Your judgment is the method.
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