Swing trades

[piker]

I disagree;
so factually, unless i'm a 'anonomy of luck' then you can day-trade.

Alright we take your word for it, but I tell you over the years I've come across a **** load of retail traders that say they can, when you ask them for proof they come up with an excuse. Prop is another matter. But I did say - majority, not all. And believe me calling trades live on the net I can do pretty well myself.

 

[Black Swan]

so what trades did you take today?...

 

[GladiatorX]

Alright we take your word for it, but I tell you over the years I've come across a **** load of retail traders that say they can, when you ask them for proof they come up with an excuse. Prop is another matter. But I did say - majority, not all. And believe me calling trades live on the net I can do pretty well myself.

Ooo don't tempt me, i'm really such an idiot in online 'ego displays'... Like seriously.
The other day i allowed myself to post a statement to my regret. The result was that people said it was fake... Which only annoys me more. So i won't rise to this...
It'll only end in tears for me

 

[piker]

so what trades did you take today?...

Still Long SPX, nothing else, but what I have decided is that I will not be swing trading after this trade, I have come to realise that fortunes are made slow & steady. So after this trade I will split capital in 5 equal parts & trade the Monthly chart, funds will be in market all the time. Support & resistance zones of monthly bar's high & low points are most respected ones, apart from yearly ones, but that's too long of a time frame. Very little noise. I will use 0 leverage on all trades, for that I will use Partymarkets.com outfit as they allow stakes as low as 10 pence, some instruments will require very low stakes. I will be aiming for 10-20% annual ROI.

Thanks for helping me finally figure out what I need to be doing. I aim to manage ~£1m at the end of 2010 (whilst still working full-time)

 

[piker]

Ooo don't tempt me, i'm really such an idiot in online 'ego displays'... Like seriously.
The other day i allowed myself to post a statement to my regret. The result was that people said it was fake... Which only annoys me more. So i won't rise to this...
It'll only end in tears for me

There is a reason for not seeing daytraders in the Forbes, daytrading may be rewarding to a certain extent, but as I said nobody will entrust you their savings if you tell them you will daytrade, especially so after the recent hedge fund fiascos.

 

[GladiatorX]

There is a reason for not seeing daytraders in the Forbes, daytrading may be rewarding to a certain extent, but as I said nobody will entrust you their savings if you tell them you will daytrade, especially so after the recent hedge fund fiascos.

I don't really need other peoples money... I've got quite a large capital base now myself from trading. I'm already doing pretty good, i don't really need to increase much more to be 'happy' with my earnings.... Day trading is also fully scaleable these days so in terms of 'compounding' my own account i shouldn't come across problems for a long time.

& Equally,

Do you seriously imagine that on your proposition to take money from investors, when all you present is a Partymarkets.com account statement that they are going to take you seriously ? I'm in a family of people who have worked their entire lives as investors; Not neccesarily in stocks/trading but in other areas;
- Stocks
- Property
- Companies
- Internet companies (start up)

They wouldn't look at investing in a trader who wasn't trading the real markets.

 

[cr6196]

2 things :

1. You cannot daytrade with a massive account relative to someone like warren buffet etc...think before you say something.
2.GladX...r u suprised after the Ziad incident? lol

whoops, mistake there Steve Cohen is a daytrader, although does run longer term trades now apparently but he runs SAC Capital i believe and is in the top 50

 

[piker]

I don't really need other peoples money... I've got quite a large capital base now myself from trading. I'm already doing pretty good, i don't really need to increase much more to be 'happy' with my earnings.... Day trading is also fully scaleable these days so in terms of 'compounding' my own account i shouldn't come across problems for a long time.

& Equally,

Do you seriously imagine that on your proposition to take money from investors, when all you present is a Partymarkets.com account statement that they are going to take you seriously ?

I don't need to seek investors, I have access to funds providing I show a consistent equity curve. Secondly, there is absolutely nothing wrong with Partymerket's statements compared to any other broker, all people need to see is data that can be verified & see your risk assessment plan.

 

[GladiatorX]

2 things :

1. You cannot daytrade with a massive account relative to someone like warren buffet etc...think before you say something.
2.GladX...r u suprised after the Ziad incident? lol

1. Yes i agree; but we aren't sitting here dreaming we're going to be as big as him as we? In the futures market, particularly E-mini S&P 500, you can trade size that makes a big living... Way bigger than is likely achievable in other careers realistically. If you read what i said; I only said that size would never be an issue for me... It may be a size for those who want to be the richest person in the world.
2. No, not at all, i absolutely wouldn't trust me either if i didn't know me. I'm equally suspicious of others online.



Anyway; I've enjoyed your posts recently so keep them up and i meant to thankyou for the FX research post you made

 

[GladiatorX]

I think you'll find;
That trading 10pence bets in a betting shop is significantly easier to achieve results than in a 1mil brokerage account.... And anyone stupid enough to not see that and invest in such a statement probably doesn't really have any money to invest.


Just out of interest? Have you traded an exchange before?
Do you understand clearing houses, clearing firms, variance, margin calls, settlements, fills, liquidity providers, specialist/ECN roles, routing systems, participants ?

 

[piker]

When looking at current Monthly charts of stock indexes it becomes more evident that attempts will be made to go higher, be it a bull**** rally or not is irrelevant. One thing is sure enough - price will win, so one has to follow it, not chase it, not resist it, not predict it, perhaps just anticipate is the only word I will allow as part of analysis.

 

[piker]

I think you'll find;
That trading 10pence bets in a betting shop is significantly easier to achieve results than in a 1mil brokerage account.... And anyone stupid enough to not see that and invest in such a statement probably doesn't really have any money to invest.

That is an irrational statement, just read what you posted. Do I really need to spell it out?

Just out of interest? Have you traded an exchange before?
Do you understand clearing houses, clearing firms, variance, margin calls, settlements, fills, liquidity providers, specialist/ECN roles, routing systems, participants ?

Yes, next question

.

 

[GladiatorX]

.

Next Question:

Can a direct market access participant in a multiple-ECN environment provide liquidity @ the best bid & ask ?

That statement wasn't irrational at all, it made perfect sense!



Its possible i'm being a MAJOR idiot here... I just feel that everything you write is wrong. Maybe everything i write is wrong. Just seems you don't know what your talking about;
I mean you said That money management can give you an edge...

Can someone just clear this up for me? Am i being a major stupid retard or does this guy just not have a clue?

 

[piker]

Next Question:

Can a direct market access participant in a multiple-ECN environment provide liquidity @ the best bid & ask ?

The answer is irrelevant to what I am doing, I do not need to be buying at bid & sell at offer, the bigger the chart & target spread issues become a lot less relevant. I have daytraded DAX using 3 point spread in the past, so what?

 

[piker]

Next Question:

Can a direct market access participant in a multiple-ECN environment provide liquidity @ the best bid & ask ?

That statement wasn't irrational at all, it made perfect sense!



Its possible i'm being a MAJOR idiot here... I just feel that everything you write is wrong. Maybe everything i write is wrong. Just seems you don't know what your talking about;
I mean you said That money management can give you an edge...

Can someone just clear this up for me? Am i being a major stupid retard or does this guy just not have a clue?

Because your attitude sucks, I will not give it away to you, check out Monthly chart of DAX as an example, whether you can work out how money management can be an edge is in your hands.

 

[cr6196]

no, gladX is right, if your using spreadbetting it isn't direct access, so you aren't trading the market technically, a way this could be relevant is if you find a fault with the platform you can rack up free cash easily, so if you took ur record somewhere intending to get a job, they know this and would be sceptical perhaps and is a lot easier spreadbetting with small amounts cos you always get your price...if your a fund manager any position you put on will shift the market that is why they have people who just execute orders because trading a big account is ****ing diffucult
in fact it is so difficult that a lot of the big orders dont even go through the market cos it was cause mayhem

 

[GladiatorX]

The answer is irrelevant to what I am doing, I do not need to be buying at bid & sell at offer, the bigger the chart & target spread issues become a lot less relevant. I have daytraded DAX using 3 point spread in the past, so what?

Still; If you don't know the answer. You could of just said.

 

[piker]

no, gladX is right, if your using spreadbetting it isn't direct access, so you aren't trading the market technically, a way this could be relevant is if you find a fault with the platform you can rack up free cash easily, so if you took it somewhere they know this and would be sceptical perhaps and is a lot easier spreadbetting with small amounts cos you always get your price...if your a fund manager any position you put on will shift the market that is why they have people who just execute orders because trading a big account is ****ing diffucult

I haven't had any issues with SBs filling me at market quote using £20 basis point, occasionally they do slip, but that slippage is OK if one is trading Monthly chart. I don't understand what you are getting at, I won't be betting £1m a basis point LOL

 

[GladiatorX]

Because your attitude sucks, I will not give it away to you, check out Monthly chart of DAX as an example, whether you can work out how money management can be an edge is in your hands.

I'm sorry but money management cannot give you an edge... Its impossible. I've said it before three times...
If money management is your edge, then please please come to GladiatorBetMarkets.com and play on my markets.

 

[piker]

Still; If you don't know the answer. You could of just said.

I don't care for that answer, like I don't care about E = mc2, it's not relevant to me.