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trader_dante · Oct 8, 2008

Hope you all made good money on that.

My calls for the morning were long Crude and Short Bunds. Was told short Bunds was too "contrarian" and wasn't given any limits in Crude.

Crude up over $3.50 and Bunds down 80.

I know it's not right to get emotional but I don't think I have ever felt this angry in my life.

counter_violent · Oct 8, 2008

trader_dante said:
Hope you all made good money on that.

My calls for the morning were long Crude and Short Bunds. Was told short Bunds was too "contrarian" and wasn't given any limits in Crude.

Crude up over $3.50 and Bunds down 80.

I know it's not right to get emotional but I don't think I have ever felt this angry in my life.

Head down...bite your tongue

BSD · Oct 8, 2008

As annoying as that is, isn't the good thing about markets though that they are an endless succession of fresh opportunities.

I was in a long EUR/USD trade, but got taken out in a scratch BEFORE it took off, lol.

C'est la vie.

Thing to do is ignore the individual trade and remember that in the big scheme of things it's pretty inconsequential.

I actually think sitting in a room with lotsa other traders scrutinising their neighbours every move can actually make you see the moment as far more important than it is.

I notice that when I post trades on chats, it's not good, because ego gets involved, and ego should never have any say in anything relevant lol.

Good trading mate

ian · Oct 8, 2008

BSD said:
As annoying as that is, isn't the good thing about markets though that they are an endless succession of fresh opportunities.

I was in a long EUR/USD trade, but got taken out in a scratch BEFORE it took off, lol.

C'est la vie.

Thing to do is ignore the individual trade and remember that in the big scheme of things it's pretty inconsequential.

I actually think sitting in a room with lotsa other traders scrutinising their neighbours every move can actually make you see the moment as far more important than it is.

I notice that when I post trades on chats, it's not good, because ego gets involved, and ego should never have any say in anything relevant lol.

Good trading mate

Great post.

arabianights · Oct 8, 2008

All I know is I made more money than I do in most months on one trade then wandered home in a weird adrenaline-enforphiney daze.

Still shaking actually.

barjon · Oct 8, 2008

trader_dante said:
Hope you all made good money on that.

My calls for the morning were long Crude and Short Bunds. Was told short Bunds was too "contrarian" and wasn't given any limits in Crude.

Crude up over $3.50 and Bunds down 80.

I know it's not right to get emotional but I don't think I have ever felt this angry in my life.

td

If it was a question of second guessing you, then you're right to feel aggrieved. After all, you're supposed to be trading the markets not "they're" opinions.

If it was down to some "wider considerations" or prioritisation, then it's pity but no cause to be aggrieved.

good trading

jon

arabianights · Oct 8, 2008

Td do you have to get every trade pre approved by risk then?! Seems nutty to me.

timsk · Oct 8, 2008

Tom,
Sympathies, mate!
The thing to keep in mind is that you have learnt - and, doubtless will continue to learn - loads of great stuff at your prop' firm that retail traders like me never get access to sitting alone in our studies at home. Look on the bright side and focus on the numerous advantages of your situation and console yourself that the restrictions only resulted in lost opportunity as opposed to lost money. Feel any better now?

Tim.

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