tag:blogger.com,1999:blog-27784316.post2710038266515995948..comments2023-09-06T03:23:43.027-07:00Comments on I AM A FUTURES TRADER: Chris Johnstonhttp://www.blogger.com/profile/01542415946929766288noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-27784316.post-6352659602003203162012-05-15T08:14:18.938-07:002012-05-15T08:14:18.938-07:00we also create our own angst which is what I did t...we also create our own angst which is what I did to myself. I guess I was being greedy trying to make more than I was making if I get right down to it.Chris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-68043841488774049502012-05-15T00:22:08.952-07:002012-05-15T00:22:08.952-07:00Your wife is 100% right.
Last month' I was n...Your wife is 100% right. <br /><br />Last month' I was negative. Most of my loosing trades were trades out of my usual specifications: I took them hence I 'thought' price will do x or y. My wife had neither understanding for it - nor myself in retrospect.<br /><br />This service you referred to is under anything that came across to me ever. Lucky, the ones that were not accepted to participate!<br /><br />Every beginner 'd have done a better job. The chances are always 50/50 at least. If one lost 95% of trades he 'll be on the lower end of probability.<br /><br />AlainAlainhttps://www.blogger.com/profile/14485268416969234840noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-85307913627020732342012-05-14T17:25:12.650-07:002012-05-14T17:25:12.650-07:00You are right I did not go into detail on the defi...You are right I did not go into detail on the deficit, but that was not the point. The point is it keeps growing because of spending and entitlements and other insider deals, the exact particulars are not relevant to me. It is a play out of the government playbook. The whole thing is disgusting to me and I don't want to know all the things that are going on. The same thing goes on with the community college district down here, but they seem to be tighter with the money. Maybe it is because it has all gone to union pensions, that is probably the case.<br /><br />Don on the service, I doubt I will change my mind on this. After seeing one of the greatest traders of all time just completely implode, I never want to risk having that happen to any potential subs of mine. I am not going to risk spending my money in a court room, life is too short. I doubt very seriously that I will go into anything now via a web site or anything like that.Chris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-65142691256711352072012-05-14T17:22:01.626-07:002012-05-14T17:22:01.626-07:00The biggest benefit your blog has been to me is th...The biggest benefit your blog has been to me is the the trader's angst never ends. I have been trading for 3 years, and though I have learned a lot, a whole lot, I am still not where I want tobe. My family wonders why I never get very discouraged. I guess it is because I am constantly gaining new insights into the technicals, and how to better use my charts.P J Whiteleynoreply@blogger.comtag:blogger.com,1999:blog-27784316.post-4261032277786014422012-05-14T14:18:58.927-07:002012-05-14T14:18:58.927-07:00Chris, you did a poor job explaining the $16 billi...Chris, you did a poor job explaining the $16 billion deficit. I live in the SF Bay Area. First of all, you didn’t say it was the California State deficit. The real story is that only a few months ago they were saying the deficit would be $9 billion. They overestimated the revenue by $5 billion and spent more than they said they would by $2 billion. Pathetic.<br /><br />In San Mateo County every other year the same proposition by the community college district is put on the ballot for a massive amount of bonds to be floated to cover the three Junior colleges facilities upgrades and buy personal computers. Yes, personal computers financed with 30 year bonds. The district has so much money from the idiot residents always voting yes on this same proposition that the district can’t find enough things to spend the money on. They can’t do any more upgrades so they do things like build a free gym for the faculty so they don’t have to pay for gym dues at commercial gyms in the community private sector. They tear down perfectly safe and suitable buildings and put up new ones with modern style architecture.<br /><br />Most of new revenue in California goes to the public employees, especially their pensions. And I thank all of Chris’s readers who are out of state for all the Federal money that you contribute that goes to California. Especially the high speed rail project between Bakersfield and Fresno (110 miles) which is serviced already by slow train, very inexpensive bus service, state route 99 which has a 70 mph speed limit, and airplane service. Thank you, Thank you. And I thank you for the Chinese companies who will provide the rails, train cars and locomotives.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-68698328368268060482012-05-14T09:43:11.836-07:002012-05-14T09:43:11.836-07:00Great post Chris. Your wife is one smart lady.
I a...Great post Chris. Your wife is one smart lady.<br />I am not so sure you should cancel the Bond System subscription service if the real time results prove it is viable. It is up to each of us as traders to set our own Stop Losses with dollars lost and number of consecutive losing trades<br />(mine is 4; then I stop for a bit) and total number of ticks lost.<br />Feeling bad about a huge drawdown makes you honest and human. But it is we as traders who are ultimately responsible for how we trade. I think you should reconsider.<br />Don in VirginiaAnonymousnoreply@blogger.com