Performance Level Of An Exceptional Trader

This is a discussion on Performance Level Of An Exceptional Trader within the General Trading Chat forums, part of the Reception category; Originally Posted by Doomberg I've just seen something that was gob smacking, a day trader take 500 points today The ...

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Old Jul 7, 2011, 4:48pm   #46
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Re: Performance Level Of An Exceptional Trader

Quote:
Originally Posted by Doomberg View Post
I've just seen something that was gob smacking, a day trader take 500 points today
The individual is in fact a member of this site but thats all i'm allowed to say
Lol Doomberg!
No need to be so coy. Either spill the beans or keep stumm! Anyway, I assume you're talking about JahDave?
Tim.
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Old Jul 7, 2011, 4:49pm   #47
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Re: Performance Level Of An Exceptional Trader

Exactly how much is 500 points worth then ?
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Old Jul 7, 2011, 5:03pm   #48
 
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Re: Performance Level Of An Exceptional Trader

Doomberg started this thread
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Originally Posted by timsk View Post
Lol Doomberg!
No need to be so coy. Either spill the beans or keep stumm! Anyway, I assume you're talking about JahDave?
Tim.
No its not JahDave tim, he does more long term trades like days or even weeks

And i'm not being funny but i have been told not to mention stuff like that, hope you understand
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Old Jul 7, 2011, 5:04pm   #49
 
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Re: Performance Level Of An Exceptional Trader

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Exactly how much is 500 points worth then ?
Well that i don't know, but i assume its probably a lot based on the little that i do know
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Old Jul 7, 2011, 5:06pm   #50
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Re: Performance Level Of An Exceptional Trader

I remember during the internet boom everyone I knew had made lots of money from tec stocks. They all belived they were great traders . Then..BANG!! it all went in a flash. WHat the hell happened?

The point is during that phase evryone wasmaking money because the markets just kept going up and up. Some got out with profits others gave it all back.

Would anyone of them who banked tens of thousands before the crash be called exceptional? I doubt it. What about all the traders here who make great returns during a trend only to give most of it back during the range ? They may have ten winning trades and two losers that take it all away.

Only consistency with your results will show your performance level. Consistency will demonstrate that you are fully aware,and in control of what you are doing.

Its always the ones who are in control and fully aware that perform at a higher level. Self mastery in some form or other is a trait that is visible in all high peroformers.
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Old Jul 7, 2011, 5:08pm   #51
 
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Re: Performance Level Of An Exceptional Trader

Doomberg started this thread
Quote:
Originally Posted by Mr Soros View Post
I remember during the internet boom everyone I knew had made lots of money from tec stocks. They all belived they were great traders . Then..BANG!! it all went in a flash. WHat the hell happened?

The point is during that phase evryone wasmaking money because the markets just kept going up and up. Some got out with profits others gave it all back.
I remember hearing a story about a normal guy who turned of his 30k life savings in to 2 mil in the .Com boom,
Only to loose all of it when the bubble popped and then had to get a normal job
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Old Jul 7, 2011, 5:10pm   #52
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Re: Performance Level Of An Exceptional Trader

today I have made 0.687549 ticks per lot.
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Old Jul 7, 2011, 5:13pm   #53
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Re: Performance Level Of An Exceptional Trader

Will the same thing happen with Gold? I know a few people who have made a bit of money in Gold and they're always saying "In a couple years I'll be able to buy a house without a mortgage" and all that as if they are expert traders/investors. Will it crash at some point in the future?
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Old Jul 7, 2011, 5:22pm   #54
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Re: Performance Level Of An Exceptional Trader

I hope so, purely because I work hard to keep the money I have yet other people start talking about buying houses with all their "hard-earned" profits!

I guess it's the old cliche... anyone can make money, it's keeping it that's hard to do.
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Old Jul 7, 2011, 5:25pm   #55
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Re: Performance Level Of An Exceptional Trader

Quote:
Originally Posted by Doomberg View Post
I've just seen something that was gob smacking, a day trader take 500 points today

The individual is in fact a member of this site but thats all i'm allowed to say
And the lot size was?
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Old Jul 7, 2011, 8:02pm   #56
 
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Re: Performance Level Of An Exceptional Trader

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Originally Posted by Depth Trade View Post
100% increase on a good week is totally possible.
As an example, I am up +27% right now with 7 positions open, risking 1% on each position and the week is still going. If I upped each position to risk 3% per trade, I could easily clear +100%.
My risk for the week right now is 7%, if I upped my risk to 21%, it could be to much, but the way I see it, each position is independent.
Still working out the best parameters to trade my system.
To answer your question, anything is possible, I don't put any limits on what is possible.

If one knows exactly why the market is moving, I think on could risk one trade at 1% risk and return 25%^^
Why not?
Well, currently up only +15% on the week. Dropped about -3% on a few that went against me, the open positions receded a little.
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Old Jul 7, 2011, 8:21pm   #57
 
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Re: Performance Level Of An Exceptional Trader

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Originally Posted by Martinghoul View Post
Well, I'll be damned... Where do I send my millions, so that he/she can trade them for me?
For a small fee I can help you find him.

Quote:
Originally Posted by Doomberg View Post
Well that i don't know, but i assume its probably a lot based on the little that i do know
What exactly do you know? Pips don't mean ****.
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Old Jul 7, 2011, 8:36pm   #58
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Re: Performance Level Of An Exceptional Trader

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What exactly do you know? Pips don't mean ****.
Far more satisfying to take less pips for more wonga a lesson that's taken me a couple of extra years to discover
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Old Jul 7, 2011, 8:42pm   #59
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Re: Performance Level Of An Exceptional Trader

Quote:
Originally Posted by Doomberg View Post
I remember hearing a story about a normal guy who turned of his 30k life savings in to 2 mil in the .Com boom,
Only to loose all of it when the bubble popped and then had to get a normal job
That happened to a lot of us, I swapped 48 percent equity in a company I had for £ 1.2 mil of a dot com incubator shares..had a lock in whilst their shares value slid to 30 grand then fook all....
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Old Jul 7, 2011, 8:44pm   #60
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Re: Performance Level Of An Exceptional Trader

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Originally Posted by Black Swan View Post
That happened to a lot of us, I swapped 48 percent equity in a company I had for £ 1.2 mil of a dot com incubator shares..had a lock in whilst their shares value slid to 30 grand then fook all....
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