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20 Questions: Trader Interview Series
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20 Questions: Trader Interview Series

  #51 (permalink)
Elite Member
Munich Germany
 
Futures Experience: Beginner
Platform: MultiCharts .NET,MultiCharts,Amibroker
Broker/Data: Interactive Brokers IQFeed
Favorite Futures: Stocks,Index CFDs
 
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Thanks: 81 given, 76 received

My question would be

What is their motivation to share knowledge with the public retail traders,
do they think that someone not sharing knowledge can be successful in trading ?

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  #52 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,893 since Jun 2009
Thanks: 29,111 given, 81,716 received


FB2012 View Post
What is their motivation to share knowledge with the public retail traders,
do they think that someone not sharing knowledge can be successful in trading ?

In all my years of trading I find those that think success is based on some secret formula are only those chasing such a ridiculous notion, or selling one.

Sent from my LG Optimus G Pro

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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  #53 (permalink)
Elite Member
San Diego, CA, USA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: CL, ES
 
Tiger45's Avatar
 
Posts: 309 since Sep 2010
Thanks: 203 given, 422 received


I have 2 questions:
  • How important is RR in trading? Said another way, is scalping for ticks with an RR of 1:1 or worse really a viable strategy?
  • Regarding adding size, the carrot being dangled is if you can just make $100 per day consistently with 1 contract, you can size up to huge size and make millions. From psychological and practical points of view, how realistic is this? What is a realistic income one can expect from day trading?

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  #54 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,893 since Jun 2009
Thanks: 29,111 given, 81,716 received

Confirmed Peter Davies aka @DionysusToast.

Confirmed Manesh Patel.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #55 (permalink)
Elite Member
Orange County, CA / United States
 
Futures Experience: Advanced
Platform: NinjaTrader, Excel/VBA
Broker/Data: IB / Kinetick / eSignal
Favorite Futures: Equities
 
Posts: 17 since Nov 2012
Thanks: 11 given, 15 received

Another potential question:

- In your opinion, who is the most talented trader alive today?

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  #56 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: gold blimp
Favorite Futures: pink clouds
 
Itchymoku's Avatar
 
Posts: 2,869 since Apr 2012
Thanks: 1,661 given, 3,572 received


ntvola View Post
Another potential question:

- In your opinion, who is the most talented trader alive today?

Not to intrude, but how do you define talented? The word talented is very ambiguous. For example, there maybe a trader who can consistently pull money out of the market day in and out but has never made a million dollars because he doesn't have the psychological tolerance to add contracts while trader b has made a million dollars on a few trades because he is more confident but he doesn't have the patience to pull it off again and again.

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  #57 (permalink)
Elite Member
Orange County, CA / United States
 
Futures Experience: Advanced
Platform: NinjaTrader, Excel/VBA
Broker/Data: IB / Kinetick / eSignal
Favorite Futures: Equities
 
Posts: 17 since Nov 2012
Thanks: 11 given, 15 received


Itchymoku View Post
Not to intrude, but how do you define talented? The word talented is very ambiguous. For example, there maybe a trader who can consistently pull money out of the market day in and out but has never made a million dollars because he doesn't have the psychological tolerance to add contracts while trader b has made a million dollars on a few trades because he is more confident but he doesn't have the patience to pull it off again and again.

I'll PM you...

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  #58 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,893 since Jun 2009
Thanks: 29,111 given, 81,716 received

@Silver Dragon confirmed.

@Fat Tails confirmed.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #59 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,893 since Jun 2009
Thanks: 29,111 given, 81,716 received

@DarkPoolTrading confirmed.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #60 (permalink)
Elite Member
Boston, MA
 
Futures Experience: Intermediate
Platform: NT & SC
Broker/Data: DDT and SC/CQG
Favorite Futures: NQ, ES, YM
 
bluecrow's Avatar
 
Posts: 42 since Apr 2013
Thanks: 163 given, 44 received

Potential questions


Dear Mike and Forum Members,

I propose two questions for the interviewees:

1) Consistency and discipline are essential to trading success. To this end, what tools/approaches/methods do you use to achieve these objectives?
2) Trading is associated with numerous myths. If you had the opportunity to correct one, which one would it be?

Thanks!

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