Thursday, December 26, 2013

Thurs. 12/26

3:00pm CST - Beans ended up moving more than I thought they would.
RESULTS FOR DAY
ZS Contracts:4
Net $P/L: 204
Wins: 2
Losses: 0
Win%:100
Avg$Win: 102
Avg$Loss: 0
Posted by at

7 comments:

  1. AnonymousDecember 29, 2013 at 3:02 PM

    i just don't get how you can sustain a living. I looked at your equity performance and you're pretty much a losing trader? Someone like you who has an MBA can make 100x more money working in the real world. yet you chose to trade. It makes sense if you were profitable, but you're not. Instead all you have after all these years of trading is this blog that i think strokes your ego a little bit. It's a shame really. A bright mind like yours falling prey to the trading world.

    ReplyDelete
    Replies
    1. JMF3December 29, 2013 at 9:47 PM

      100x a negative number is a much larger negative number.

      Delete
  2. MBAGearheadDecember 30, 2013 at 2:52 PM

    Anon, thanks for your concern.

    ReplyDelete
    Replies
    1. JMF3December 30, 2013 at 5:24 PM

      The irony is that people only believe your record because it isn't $2M profits in 18 months. If you had been posting consistently positive results, you would get the opposite side of the spectrum - people telling you your making it all up. Can't win -

      Delete
    2. AnonymousDecember 31, 2013 at 4:10 AM

      You are so completely missing the point of the other Anon. Its not about whether anon people like me or named people like you believe in MBA's performance or not. Rather the comment made by other anon is about how continuing trading is affecting MBA personally. Other than this blog and years of track record where MBA has failed to make money consistently, what else has he achieved after all these years after putting in so much effort on his trading. He would have done much better in an alternate career. And I reckon, even today if he wishes to go back to corporate world, he can get his foot in. Just that it will take humongous amount of networking, retooling himself and begging before people. But if he can do this, he will end up with 80-100k job and then he can go from there. Anyways, its choices we all make as individuals that ultimately define how we do in our life.

      I think its high time for MBA to cut his losses short.

      Delete
    3. JMF3January 3, 2014 at 5:45 PM

      Do you golf? Play tennis? Other sports?

      Figure out the analogy.

      Delete
  3. AnonymousDecember 31, 2013 at 9:30 AM

    @Anonymous - Syswizard here....and I almost wholeheartedly agree.
    Especially after looking at the results of this day....I mean there was a clean 10 cent move down in Beans starting at 9 am. All you had to do was sell 2 contracts and there was a $1000 day.
    Making anything less than that amount on a daily basis after 2 years of "practice" indicates either a mediocre system at work or that all of this "training" has not paid off. By now, he should have either a great system or great skills of intuition, insight, and trading instinct.

    I think he is "stuck" now....the job market for finance MBA's is horrible post financial collapse. The large banks literally laid off tens of thousands of finance MBAs. Maybe if he goes back and gets an MBA in something related to healthcare, he has a chance....but not with finance. It's dead, dead, super dead. That MBA and a buck might get him a cup of lousy coffee. Myself, I've elected to trade only part-time and keep my full time contract position. I unfortunately also have a finance MBA.

    ReplyDelete

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