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Search: Posts Made By: Lornz

Forum: Psychology and Money Management

December 18th, 2011, 05:32 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Not in the OP, but later in the thread people...

Not in the OP, but later in the thread people have tried various ways of getting successful traders to post account statements. Some begged, others tried to provoke a response, but neither will work....

Forum: Psychology and Money Management

December 16th, 2011, 07:39 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

The problem is that virtually no successful...

The problem is that virtually no successful traders would want to go into specifics about their financials. Why on earth would they?

Forum: Psychology and Money Management

December 16th, 2011, 03:15 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

You've got a fan... Better watch your electronic...

You've got a fan... Better watch your electronic back! ;)

Forum: Psychology and Money Management

December 16th, 2011, 02:59 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

It worked better in the past, but the TICK is...

It worked better in the past, but the TICK is still worth looking at. There are also other useful market internals...

It's quite interesting that there's suddenly such an interest for internals...

Forum: Psychology and Money Management

December 16th, 2011, 04:00 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

The TICK is as old as the electronic quote board...

The TICK is as old as the electronic quote board on NYSE itself. It is simply the difference between the up- and downticking stocks. It's efficiency has diminished severely the last few years, btw.

Forum: Psychology and Money Management

November 8th, 2011, 06:01 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Is that why you decided to become a vendor?...

Is that why you decided to become a vendor? :sarcastic:

It's not about $, it's about how many ticks one can capture and the risk required to do so. The more liquid the market, the more one will...

Forum: Psychology and Money Management

August 23rd, 2011, 06:49 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Now am I certain we trade the same way... ;) ...

Now am I certain we trade the same way... ;)

It has always fascinated me how many fail to distance them enough to able to come to this realization. I think it's because it's too logical and...

Forum: Psychology and Money Management

August 23rd, 2011, 06:45 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Mind you, I said approach -- not system. ...

Mind you, I said approach -- not system.

That would include discretionary trading, which, in essence, is just relying on one's ability to filter and process information as a "system"...

It is...

Forum: Psychology and Money Management

August 22nd, 2011, 05:38 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Exactly! If you're trading a liquid market,...

Exactly!

If you're trading a liquid market, you either have an approach with positive expectancy or you've got nothing. If you do, you can just as easily make a million as you can $100K....
...

Forum: Psychology and Money Management

August 17th, 2011, 06:47 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

It's always interesting to read your posts...

It's always interesting to read your posts regarding the good (?) ol' days. However, I must confess that I am less than impressed with the risk management of some of these guys..

How is your...

Forum: Psychology and Money Management

August 17th, 2011, 06:43 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Sounds good, forrestang! You'll get...

Sounds good, forrestang!

You'll get "there"...

Forum: Psychology and Money Management

August 9th, 2011, 05:56 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

But what if you only trade every 9 months?...

But what if you only trade every 9 months? :sarcastic:

Forum: Psychology and Money Management

July 29th, 2011, 04:19 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Options reveal another dimension... It is...

Options reveal another dimension... It is definitely something worth looking in to, but expect to spend a substantial amount of time learning about them. It is not necessarily options or futures.... ...

Forum: Psychology and Money Management

April 27th, 2011, 08:22 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

I don't get stressed when it comes to screen...

I don't get stressed when it comes to screen trading, I actually find it soothing. The vastness of information easily accessible by a keystroke gives me a "zenlike" feeling of being in control. On...

Forum: Psychology and Money Management

April 27th, 2011, 05:26 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Yes, I am aware of that. I was just pointing out...

Yes, I am aware of that. I was just pointing out that I would be eaten alive in such a stressful environment, regardless of edge...

Forum: Psychology and Money Management

April 26th, 2011, 03:46 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Great post! This sums up my stance perfectly. ...

Great post! This sums up my stance perfectly.

I think there might be some confusion, or possibly disagreement, with regard to terminology .

Poor risk and money management might, or rather...

Forum: Psychology and Money Management

April 26th, 2011, 02:39 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Thanks for sharing. I attended a seminar in...

Thanks for sharing. I attended a seminar in Chicago a few years a back and I visited both the CBOT and the CME. It was quite an experience. Ben Lichtenstein of Traders Audio gave us a tour of the...

Forum: Psychology and Money Management

April 22nd, 2011, 07:09 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

Thanks, I appreciate it!

Thanks, I appreciate it!

Forum: Psychology and Money Management

April 21st, 2011, 03:06 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

I completely agree! My point was more that "a...

I completely agree! My point was more that "a positive mindset" won't make you profitable. You can't "will" yourself successful in trading, something you can do in "most" vocations.

I might be a...

Forum: Psychology and Money Management

April 21st, 2011, 06:14 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

It's not really depressing, these are the actual...

It's not really depressing, these are the actual statistics of retail traders. It should motivate you to work harder, and smarter, to avoid ending up like the majority. I would emphasize that trading...

Forum: Psychology and Money Management

April 17th, 2011, 06:39 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

I might have been a little harsh, I am not...

I might have been a little harsh, I am not looking to argue. I will admit that your posts irritated me slightly, you came across rather arrogant. Especially since you were (are?) not profitable. I...

Forum: Psychology and Money Management

April 17th, 2011, 05:59 PM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

I agree with most of your post. Risk/money...

I agree with most of your post. Risk/money management is a critical part of any trading system, and the lack of such can wipe out any "edge". My point was more that you should do some statistical...

Forum: Psychology and Money Management

April 17th, 2011, 06:46 AM

Replies: 628

Primary source of income: how many have made it?

Views: 195,157

Posted By Lornz

I just read through this thread and, not...

I just read through this thread and, not surprisingly, found a lot of the common misconceptions that can lead a beginning trader down the wrong path.

The most important aspect of trading is...

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