Saturday, April 30, 2011

Did you become a trader because...

I recenly watched this video that features four popular comedians, including Jerry Seinfeld. This is actually only part 2 of the series that consists of four videos.

I want to bring to your attention what Jerry says about the 5:00 mark. Namely, he says that he became a comedian because he wanted to be one of "those guys." Because they were so cool, and that pretty much everything else was largely irrelevant, including money.

It's safe to say that some people do choose to become traders because they think that traders are the coolest guys in town and they want to be just like them. Quite a bit of literature exists out there that can inspire you along these lines, to name "Market Wizards" as one of the genre classics. (For more literature of this genre see this page under the section "Trading Inspiration.")

There are some parallels between traders and comedians.

For starters, becoming a trader is rather easy and so is becoming a comedian. It's especially easy to become an e-mini day trader as you really don't need to have more than a few thousands dollars to fund your account and launch your career as an emini day trader.

But just because it's easy to become a trader or a comedian, it's not necessarily easy to make money as one. In fact, relatively few become so good at it that they can make a living from it. Among those who succeed, some can even become very wealthy. Jerry Seinfeld is a very good case in point. As a comedian, of course.

Jerry's statement that this was not about money, cannot be applied directly to trading. Trading is really about money. If you don't make money, you are really not much of a trader. The comedic effect of losing money is also rather limited. But even in trading, it's important to think about trading in terms of challenge as much as in terms of money. And if you meet this challenge, the money, sometimes even good and easy money, is likely to follow.

Wednesday, April 27, 2011

Emini trading results

You can find those here, and you will not find too many sites out there with this kind of stuff. I mean websites whose owners post their e-mini trading results. Don't ask me why.

I am talking about almost 3 years of daily trading results, and not just a handful of them from the best week ever, some time in 2009. The current year results are being posted here:

Tuesday, April 26, 2011

KING Version 2 released

Actually, quite a while ago, in the last days of March, but I thought I would mention it here for the record. I am now working on something that one might call KING++, but that's just one of the many things I am considering to pursue.

KING is an emini day trading methodology or an e-mini trading course, see this page for more.