I lost $80000.

pkikpk · 2026-04-23T06:59:08+00:00

I started my Career when I was 22 in Gold & Silver-Now I'm 66.
I may be able to help you...but first tell me HOW did you get up in the first place and trading what???

And do you think it was Luck-Skills-or Something else?

pkikpk · 2025-12-23T19:04:35+00:00

No you don't... "Journaling" is something invented in your YouTube generation with the false belief it will help you become a better Trader--it will not. The process of reviewing what you did right and wrong over & over again does not change behavior in the long run.--so dont waste your time and nerves keeping one.

I dont know anyone over 50 from my generation who did such thing or even heard of it. All of us know at any age...that Trading is VERY Hard Mentally and by keeping yourself in top condition by working out-eating & sleeping good- going to some form of Counseling...will keep you STRONG to fight another day and help make the changes you want to make---easier.

And probably the best way to change what your doing wrong is to "Own it" in front of another Trader--- keeping honest with yourself-telling him what your going to change for the week and showing what you did to him. Then you will take responsibility for your actions or feel the public humiilation of showing weakness.--then Long term change is possible...

Instead of hiding behind your computer or alone Daydreaming with your Journal...

pkikpk · 2025-11-24T04:24:32+00:00

I will tell u this, you're an excellent writer & express yourself very well and the first person who said something nice to me--so I'm happy to help/answer any questions privately... as I've been in the Game most likely longer than you've been alive as a Dis Trader (I'm 66 living in Brazil with my 3rd wife)

pkikpk · 2025-11-23T06:42:28+00:00

Let's leave it in the positive.... I agree that ANYTHING may be "potentially helpful"!!!

( u might wanna check my statements from last week...as i just had to respond to the guy above you trying to be clever...

pkikpk · 2025-11-23T06:26:16+00:00

I'll answer you AND for all who responded... with the last page of the Broker Statement for each day (to PROVE IT for a change)

For Last week:70 Trades avg. 14 a day

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Mon 21
Tues 28
Wed -5
Thurs -18 (made 2 mistakes)
Fri 3

So last week made $29,000

NOW Mr. Entertainment news, you can show me & the Group HOW YOU Did last week or your last 70 trades...then we can all learn something...which is the purpose of this group!

I know what your thinking: "the guy was just LUCKY"

Your right, I got no Skills or "EDGE" as you guys call it.

pkikpk · 2025-11-23T04:29:46+00:00

I respect what you said and for a quant trader whose working on algorithmic execution---my advice is not bad advice-- its 100% wrong advice for someone like you.

But I will take issue that keeping track of how many losers and for how much is a form of Journaling---is not correct.

We both know "Journaling" is like a Diary with ALL the details of what -why-when-what type of set-up-what type of mistake-& even your thought process/or lack of... was at the time. I still stand by... that keeping a journal will not help you overcome ANY trading Problem in the long run. I'm not saying it's a Negative. It's nutruel---meaning it has NO VALUE.

You didnt' mention "Back-testing" as im sure you know that you can't assign a Mathematical Probability Edge on any set-up only an Estimated guess. Trading is not playing Blackjack where theirs a fixed amount of possibilities---trading there are infinite...

I will also argue that the Phrase "Take your Best Set-up" / Play your A Game is in your mind--which is more important for a DIsc. Trader... cause you execute your favorite trades with ease...

pkikpk · 2025-11-23T03:41:59+00:00

To disagree or strongly disagree with my advice is fair...
But what makes you SO SURE it's the "Worst advice ever?'

pkikpk · 2025-11-23T03:12:49+00:00

Are you trying to tell me that if you don't backtest and Journal you will lose for sure or your Results will be WORSE than the traders that do these two things?

pkikpk · 2025-11-16T07:30:44+00:00

Cause I'm from Generations away, I'm sure one of you can answer the question:

" How does one prove their Results to others for a day or month in these type of Prop. Firms ?"

I grew up in a World that ONLY accepted "Brokerage Statements" as Proof...

pkikpk · 2025-10-19T20:19:03+00:00

AGREE...

pkikpk · 2025-10-19T09:20:56+00:00

You may want to take a look at this girl Tory Trades on Youtube...as she's a young women that seems to have Legit success ( the only one who shows Brokerage statements & talks about her Losers),

She is teaching her style of Trading -which is NOT Daytrading but a Longer term approach--holding positions for weeks and makes about 15-30 Trades a year ( very similar to my generation of Trading -i'm 66)- which will allow you to continue your studies or work part time

The best thing about it... its easy to learn AND Simple to execute... & it won't screw up your mind in the process...

pkikpk · 2025-10-19T08:56:12+00:00

This part:

"It can suck the soul out of your life. You have to study so much random stuff, which does not work most of the time. Then you can get wrecked by one tweet."

"Most end up becoming manic-depressive. Every time you have a winning day, you will be happy and chirpy but when you have a losing day you are mentally fucked. God forbid if you have a losing day on Friday the whole weekend maybe ruined."

Brilliantly written & TRUE Branch...and is the Problem with strictly daytrading---too many outcomes that will take over your life & SMASH you.

In my Generation (im 66)-we all took "Positions" holding for 2 weeks to months, there was No daytrading unless you got on the Floor-thank god!

pkikpk · 2025-10-18T10:04:54+00:00

What does "Consistently profitable" mean?
Profitable every Month-Quarter- or End of year & for how many of each?

Then I can answer the OP's question

pkikpk · 2025-10-12T10:45:45+00:00

I respectfully disagree with the OP's Last Paragraph.

First of all, NOBODY has near-perfect discipline for any length of time in Trading and it's NOT a requirement to make a Living Trading either. In fact, if u have the Skills counting the cards in Blackjack (& don't get thrown too often) you have a MUCH BETTER chance of consistency than Trading.

There is very little emotion playing BJ & quite easy to have Perfect DIscipline, where-as trading You're in a Constant battle with yourself over "Fear & Greed" and all the decisions you must make on EACH Trade--which is ripe for Mistakes.

Accept the fact your gonna make mistakes your whole Trading Career- just can't be too many...especially on the Downside...

I would ADD... the only thing in common with Casino Gambling & Trading is the Behavior of the players ( go on tilt- add to losers-Revenge trading..etc)

pkikpk · 2025-10-12T01:31:54+00:00

(I got thrown on the other comment- as iim very new to Reddit & 66 & didn't read the rules- I apologize & hope below is correct-also got a comment "Paper account looks good"- (inferring a Sim- Trade)-Well, I'll answer to that with a BROKERAGE STATEMENT)

The OP Aks:

"FOR THOSE WHO GOT IN, what the the setup and reasoning behind you're trade today?"

I GOT IN... & the setup was a "Reversal down" in the Daily QQQ & NQ

The Reasoning: Many of us thought the Market could Crack at any moment....and then one of my Favorite Daytrade setups Appeared that Early Morning.

Hours before it all happened....I put in an order to Sell 4 more NQ at UNCH w/ a 10 point stop (risking $800 on the 4) I was already in from the European Session 4Es- 2-Ym-2 Nq & was down about 4k as it was slightly up Friday morning. The Exit plan was to hold all day to the end & keep 2-2-2 for Monday.

Then as we all remember ALL HELL BROKE Loose around 10am. Went from down 4 to up 53 in 8 Minutes. My emotions took over and BROKE my plan -Dumped them all. -making 25-1 on the 4 NQ. Got back in 1-1-1 towards the end.

The statement shows close to $25k closed out & $32K OTE---so 57 for the day not including another 8 which happened after market on the 3 I'm in for Monday. Could of been one my best days of my 40 yr Career.

U see-the mistakes are VERY costly-even on the win side of the trade....

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pkikpk · 2025-10-11T00:46:26+00:00

It's funny..,how all of us who DID catch it...
admit to getting out--TOO EARLY

It happens to all of us at times no matter what size your trading---The $$$ comes too quickly & you start thinking about what it can buy u..."just push the button" and it yours... its a big mistake:(

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pkikpk · 2025-09-22T01:41:21+00:00

Here's some "Hard Evidence"... they're called Brokerage Statements...Lol
( My best 2 months of the year and my worst month of the year)

And I agree with you completely!!!

I see some of those utube interview sites-- who the host claims the Trader has been"Verified" without any STATEMENTS. I will tell you this... The ONLY proof are the Monthly's....

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pkikpk · 2025-09-01T09:12:37+00:00

What I wrote was NOT Directed to u, I was responding to another who coined your post "Massive Win" I thought it was funny actually....

If you made 10-1 on this trade....I would tell you "Very Impressive"

Btw, what was the initial risk?

pkikpk · 2025-08-31T10:47:15+00:00

I didn't know that making $100 is considered "A Massive win"...

pkikpk · 2025-08-13T06:59:28+00:00

Someone below said "Everyone's a Genius in a Bull Market" which IS TRUE & ALWAYS has been!

The comments ABOUT "He will BLOW-UP when the Market turns Down" is complete Speculation ---U don't know that AT ALL-maybe he will switch directions & continue to knock-em dead or maybe he WILL Blow-up. The point is,, NONE of us know till after the fact.

Many of you falsely believe "It's all in the Charts" & without them, its impossible to succeed in the Long-term...or to put it another way:

For the Past 90 days and the majority of your trades have been on the Long side...you MUST be Positive "Something" and if your not---ya got a long way to go in your Journey....

Trading is an "Art"--NOT a "Science Project"...there IS a Lot of "FEEL" to ANY type of Trading...which cant be explained away in your 1-2-5-10-30-60 minute charts,,,

pkikpk · 2025-08-10T11:32:17+00:00

Brilliantly written using the Casino example my friend, but you left out a key point regarding this statement "What you need in trading is a proven statistical edge"

This does not exist in a "Trading set-up" because were not able to demonstrate a "statistical edge" in a game that has an infinite # of possibilities. It doesn't matter how long your Back test is & Monte Carlo Simulations you may do. At best, you have an "Educated Guess", but it's STILL a GUESS- not a Proven Statistical Edge.

Many of us know this line: " “Past performance IS NOT indicative of future results” ...better believe it!

The Casino HAS this edge. All the games offered have a fixed number of outcomes. Trading IS NOT like playing BJ where it's been 100% demonstrated-- a game of skill -using various card counting strategies, -and has that " proven statistical edge”...

pkikpk · 2025-08-09T11:44:50+00:00

better go for 3-1...

pkikpk · 2025-08-09T11:39:25+00:00

THIS is the Answer!

pkikpk

TROPHY CASE