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 Depth Trade I agree with you if one is trading an under funded account, but if you ...

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Old Jul 6, 2011, 10:14pm   #31
Joined May 2010
Re: Performance Level Of An Exceptional Trader

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Originally Posted by Depth Trade View Post
I agree with you if one is trading an under funded account, but if you get into higher numbers where your gain is more than you really need and is well beyond a couple of percentage points, why get yourself into a hole.
If you have a 10k account and a day job, sure risk 10%
...but do you really want to risk 100k on a 1mln. account?
I wouldn't do that, i'm just saying , with a 1mil account someone might only want to risk 5k rather than ' 2%'
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Old Jul 6, 2011, 11:50pm   #32
Joined Nov 2008
Re: Performance Level Of An Exceptional Trader

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Originally Posted by Doomberg View Post
Good to see people doing well, and lol i'm surprised people haven't flamed you and told you that you are doing something wrong

To answer the question myself, i'd say 1%+ a day is very respectable and is achievable, i have seen daytraders do much more
Half a percent to 1% per day is exceptional year on year..as for messing around in contests and stuff 400%+ in a month is doable..for the month, many bimbos can do 250%, it means fook all..I've done the bimbo thing.

Now then, if you find anyone on currensee who's doing the kind of figures depth charge reckons are possible (month in month out) they'd have a following stretching around the globe, and they'd be on there not Fordexdesk and they wouldn't be on here competing for braggings rights, using a micro account, to win a dab radio style prize each month...
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Old Jul 7, 2011, 12:50am   #33
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Re: Performance Level Of An Exceptional Trader

I mean, I get the point about perseverance. But the problem is most folk see a bit of transliterated Kanji and confer upon it a spiritual Zen like significance purely because of its apparent provenance, and in the process completely abdicate any responsibility for thinking it through and identifying it for what it is - total nonsense.

Fall down seven times; get up seven times – that’s perseverance.

Fall down seven times; get up eight times - that's fuggin levitation.

The additional problem with treating perseverance as a positive trait in and of itself is that it rarely differentiates against competence. A complete plank could persevere. Surely the point is to persevere where there is a point in persevering and when there is none, cutting loose. That’s the real skill – knowing where you are what your limits are and what to do.

Either way, my money is on the man who manages to stay on his feet, not on the dork doing the falling down.
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Old Jul 7, 2011, 12:55am   #34
Joined Nov 2008
Re: Performance Level Of An Exceptional Trader

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Originally Posted by TheBramble View Post
I mean, I get the point about perseverance. But the problem is most folk see a bit of transliterated Kanji and confer upon it a spiritual Zen like significance purely because of its apparent provenance, and in the process completely abdicate any responsibility for thinking it through and identifying it for what it is - total nonsense.

Fall down seven times; get up seven times – that’s perseverance.

Fall down seven times; get up eight times - that's fuggin levitation.

The additional problem with treating perseverance as a positive trait in and of itself is that it rarely differentiates against competence. A complete plank could persevere. Surely the point is to persevere where there is a point in persevering and when there is none, cutting loose. That’s the real skill – knowing where you are what your limits are and what to do.

Either way, my money is on the man who manages to stay on his feet, not on the dork doing the falling down.
er..ok..Tony.. there there..
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Old Jul 7, 2011, 1:00am   #35
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Re: Performance Level Of An Exceptional Trader

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Originally Posted by Black Swan View Post
er..ok..Tony.. there there..
he's right.
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Old Jul 7, 2011, 1:03am   #36
 
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Re: Performance Level Of An Exceptional Trader

Been a while since I read a post on T2W that really has any substance, but Tony's last post has hit the nail right on.
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Old Jul 7, 2011, 1:46am   #37
 
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Re: Performance Level Of An Exceptional Trader

I think that an expert can also be determined by consistency. When you are a pro you are pro because you are doing the right thing everyday. I found a video of an expert doing live trading and it is pretty incredible to watch how easy he makes it look. I found it very helpful.

Trading Videohttp://www.intellitraders.com/tradin...ew-good-trades
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Old Jul 7, 2011, 1:50am   #38
Joined Jul 2003
Re: Performance Level Of An Exceptional Trader

Excellent. I'll make videos rather than trade.

I don't have time to watch the video right now as it obviously goes on for a number of years if it covers consistency and every day. Do let me know how it turns out.
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Old Jul 7, 2011, 1:54am   #39
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Re: Performance Level Of An Exceptional Trader

I mean, what if you fell down six times and got up and on the seventh time and said “Aw fuggit, enough is enough”.

Would that be a smarter ass than the one who gets up again even though he’s not planning on doing anything different this time?
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Old Jul 7, 2011, 1:55am   #40
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Re: Performance Level Of An Exceptional Trader

Or what if you fall down five times, get up five and then walk off. Shoot some steroids. Come back. Get yo ass kicked another couple of times and then walk off. Is that more sensible?
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