JP Grunin: From $10,000 to $100,000 in 6 months.

dreamache said:
I don't like that approach, it seems rather risky assuming they have a ton of Tesla coils..

redalert_03.jpg


I'd say just brute force some mammoth tanks and take their base that way..

ccra4.jpg
Click to expand...


Damn those red alert
 


beeker. said:
Going to assume one more time, given your lack of posting, that you're wiped out.

I ended my last post with stay disciplined for a reason.

The market is beautiful in that it teaches you a lot about yourself, the world around you, and other people. It doesn't care who you are nor does it have any favorites, it just does exactly what it's supposed to do.

The sort of obvious irony in all of this is that your ego caused you to think up and post this challenge for yourself, and it also caused your downfall. It caused you to post this challenge over on elitetrader even though you probably knew what would happen. It caused you to post pictures of your car within the first few replies (which are now removed, along with probably 50 other posts) and fight with someone over how much money you make, as if you had something to prove other than the challenge itself. It caused you to break all of the rules and guidelines you set out and said you would follow in your first post. It caused you to be undisciplined. You did, however, end up posting the truth as far as I can see so some credit there is due.

Pretty much all of the things you did wrong though have already been posted on elitetrader and in this thread so there's no sense in repeating it.

Just to be honest, and I may be wrong, this makes me question whether or not you do trade for a living. After you averaged in another 4 contracts on the first trade (which you added a couple more to later on, lower), then continued making textbook 'retail' decisions one after the other the following days, it's just suspect.

This is a valuable lesson people can learn from, but the one who will gain the most value from this if he chooses to accept it and improve upon it is Grunin.

I feel bad in a way about it, because I don't truly know what your intentions were - but if you were trying to sell people some BS later down the line, my job is done, and you did it for me. I hope you do learn from this.
Click to expand...

Well said.
Chance for learning for Grunin and others.
 
MGrunin (fwiw) before I was your age, I had blown the entire tri-state area off the road: twice. Then I went to racing school and Finally saw real racers. But those defeats only made me more determined - I Knew Who The Fuck I Was. I'm a racing driver....

It took me a few years and a lot of work to go from a person who taught himself (and just going on sheer natural ability) to become a Real driver.

So the only question left is: who the Fuck Are You? And if the answer comes back in your heart that you're a trader - then go to fucking work. You still have a lot to learn.

Hope this helps. And like every real racer knows: When You Dance On The Edge, Sometimes You Fall Off.

PS: And remember, leave that high speed wet weather driving to me - Cause I'm The Fuckin Man ;)
 
They said his sister lives large. Is grunin funded by his parents? Was his IM record all bullshit? Did he earn this money? I'm rooting for him but it's not looking promising.
 
And martin, major mistakes you made..
1. averaging down
2. not honoring stop loss
3. poor posistion sizing (all ins? wtf)
4. going long after a fed announcement that was neutral/bearish, market tanked and you didnt take your small loss, you added. look up an economic calendar guy.. the market dosent only go up.
5. having no idea whats going on with the stock you were trading, ex; div date
6. trying to play catch up after days of market going down you decide to get short, but the move was already done and you got hit to the upside
7.your charts are bullshit, and all hindsight
Click to expand...

In a nutshell this is why pure technical trading (the stuff that mgrunin is doing) is bullshit.

And in any instance where pure technical trading would work, trading algorithms will take advantage of them and close the gap quicker than you can even type in a trade. Computers are better at looking at charts than you are, and they will certainly be far more disciplined.
 
I stopped trading when I realized I made money with the rest of the market during the revival of 2009-2011. This shit is rigged as far I'm concerned. There's a reason why high frequency traders are literally laying down $300 million cables undersea to trade milliseconds faster. good luck in the future.
 
this thread isn't about the markets or trading; it's about the effects of seeking validation from others. when you do so, you make decisions that aren't in the best of your interests. let this be a lesson of psychology for all of you, especially to the biggest of you faggots who do nothing but post on forums. nonetheless, mgrunin's a baller and will fight on.
 
gbmack said:
this thread isn't about the markets or trading; it's about the effects of seeking validation from others. when you do so, you make decisions that aren't in the best of your interests. let this be a lesson of psychology for all of you, especially to the biggest of you faggots who do nothing but post on forums. nonetheless, mgrunin's a baller and will fight on.
Click to expand...

So showing off your parent's money = baller status?


oh please!
 
You must log in or register to reply here.
Top Bottom