3SOF

you guys are all great  thanks a lot for the kind words.  Its great to learn about everybody too.  Lets see whats shakin today   

Hi, eliteG

Congrats to your achievements, and even more to luck of having such a supportive environment.

QuoteI think of everybody here as my co-workers and that we are all on the same team.  On to the next game...

That exact is the spirit which will turn this board in to a win-win scenario for everyone of us.
In remember, when I started with trading I had limited access to information and not many people to share with too. Later a had access to some profis but there where often a little stingy with their know how and obsessed with their view.
Well, there are many talented people around who put their ideas in a doctorate script - in the hope of getting a Nobel prize and founding a LTCM like Corporation. But you will not find them sharing their ideas on a board like this.

I think, 3SF breaks the records of getting the experience of the enthusiasts (full time or part time) together, in such a short time and in peace. 

andyman

I haven't read this thread 'till now
Great Interview, great trader (applaud G)
sorry for your loss, my grandpa also died in cancer....

Great interview G.  Seems like I know you personally already LOL. 

Hmmm......I didn't know you live in Portugal.  For some reason, I thought you lived in the states.   

Hey, if you ever want to get out of the market or need a second income, let me know.  I'll get you a job! haha.  No kidding, I was also  an Electrical Engineering major in college.

Sorry to hear about your mother, I'm sure she's smiling from above as I write this post    I mean who wouldn't be proud to have such a good son as to go home and make sure all the siblings are taken care of.

Anyways, you've got something special going on so please make sure you don't "short out" cause it'll be a shame to lose someone as knowledgeable as you. 

Thai

Quote from: Terlisa on February 27, 2006, 01:19:54 AM
I haven't read this thread 'till now
Great Interview, great trader (applaud G)
sorry for your loss, my grandpa also died in cancer....

thx Terlisa

Quote from: thai626 on February 27, 2006, 01:41:15 AM
Great interview G. Seems like I know you personally already LOL.

Hmmm......I didn't know you live in Portugal. For some reason, I thought you lived in the states.

Hey, if you ever want to get out of the market or need a second income, let me know. I'll get you a job! haha. No kidding, I was also an Electrical Engineering major in college.

Sorry to hear about your mother, I'm sure she's smiling from above as I write this post I mean who wouldn't be proud to have such a good son as to go home and make sure all the siblings are taken care of.

Anyways, you've got something special going on so please make sure you don't "short out" cause it'll be a shame to lose someone as knowledgeable as you.

Thai

Thx a lot Thai  Thats cool that you were an electrical engineering major too.    I will definately keep your offer in mind as I am thinking about some other forms of income.

I live in Atlanta, GA.  Now in my own place but literally 7mins away from home. 

G's place will be back to old form soon, no worries 

-g

Interesting interview E-G, I enjoyed reading it.  A couple things jumped out at me so I've added my thoughts/comments...

QuoteI have lost it all twice.  I think the most successful
traders will tell you that they have lost it all. 

That's a serious stretch. I'd argue the most successful traders have never lost it all, though of course there are exceptions (Jesse Livermore being the most famous). For someone to lose it all it tells me either:

(a) they were undercapitalized - for example, if a trader starts with $1000 and loses it all it's still just $1000, so it hardly qualifies. With $1k it's not possible to diversify or practice safe money management so the odds were stacked against the trader from the start. 

or (b) they had poor money management skills and were not diversified   
   Example 1: a trader starts with $10k and loses it all by going all in on one or two volatile stocks, or worse, penny stocks. I understand this is a way to build capital fast, but so is putting $10k on black for one spin at the roulette wheel. It's pretty much the same thing. Even if the outcome is success, I would not consider such a strategy the mark of a great trader, rather the mark of a lucky trader.   
   Example 2: During the bubble pop there were many traders with diversified portfolios who lost it all. Maybe they are back in the game now, but the great ones were the ones who were able to say "I've lost 30% on all my positions and I don't want to sell, but I need to sell now and cut my losses."

That's JMHO and we may agree to disagree.     

Quote...One who doubted me and
thought I was crazy for trading asked me, "Oh really?
How much did you make today?"  I told him, "Well you
know the markets open @ 9:30am and now it is 11?  Well
I stopped trading @ 10:30 this morning so that I could
make it to class.  I made $4300 in that hour."  He was
speechless because he knew I was telling the truth.

How did he know you were telling the truth?

   

Quote from: Lucas Scott on February 28, 2006, 11:59:53 PM
Interesting interview E-G, I enjoyed reading it.  A couple things jumped out at me so I've added my thoughts/comments...

QuoteI have lost it all twice.  I think the most successful
traders will tell you that they have lost it all. 

That's a serious stretch. I'd argue the most successful traders have never lost it all, though of course there are exceptions (Jesse Livermore being the most famous). For someone to lose it all it tells me either:

(a) they were undercapitalized - for example, if a trader starts with $1000 and loses it all it's still just $1000, so it hardly qualifies. With $1k it's not possible to diversify or practice safe money management so the odds were stacked against the trader from the start. 

or (b) they had poor money management skills and were not diversified   
   Example 1: a trader starts with $10k and loses it all by going all in on one or two volatile stocks, or worse, penny stocks. I understand this is a way to build capital fast, but so is putting $10k on black for one spin at the roulette wheel. It's pretty much the same thing. Even if the outcome is success, I would not consider such a strategy the mark of a great trader, rather the mark of a lucky trader.   
   Example 2: During the bubble pop there were many traders with diversified portfolios who lost it all. Maybe they are back in the game now, but the great ones were the ones who were able to say "I've lost 30% on all my positions and I don't want to sell, but I need to sell now and cut my losses."

That's JMHO and we may agree to disagree.     

When I first entered the market I was 18.  I played the pump and dumps, I played the excitement without any analysis period.  I did not read a book about trading.  I had no money management.  I lost it all(1)

A few years later..

I found out about my mom having cancer.  Had to withdraw a great amount of my trading money to my dad.  Was a wreck.  I lost it all with options (2)

My belief is that the great talents in this world failed along the way.  It is my inspiration.  And my logic is that when certain people fail they gain an understanding of that failure, they completely surround it and understand every aspect.  The knowledge gained here is a unique individual knowledge.. not from a book, not from someone else but from your own experience.  It is an extreme form of education.

Their are many examples I know of but one that comes to mind is Michael Jordan not making his highschool basketball team.  My belief is that he would never have become a star like he was without that failure.

No Lucas, I do not consider myself a star.  But I have survived my failures and I have hope that one day maybe I could be.  I do not come from a rich family and I am far away from being rich.. I have worked very hard to get this far.  I truly understand being undercapitalized, or having poor money managment, of how emotions come into play.

So you think its a stretch?  I think you need to find some great traders.. and ask them if they have lost it all.

QuoteQuote
...One who doubted me and
thought I was crazy for trading asked me, "Oh really?
How much did you make today?"  I told him, "Well you
know the markets open @ 9:30am and now it is 11?  Well
I stopped trading @ 10:30 this morning so that I could
make it to class.  I made $4300 in that hour."  He was
speechless because he knew I was telling the truth.


How did he know you were telling the truth?

Always a doubter..huh?  I've noticed this about you.  I'm not that pizza-guy dude, Lucas.  He believed me because he knew me, he was my friend and I'm a truthful guy.  I could lie every day to him but what is there to gain in that?  Let it go Lucas.  Let our trading speak for ourselves.

hey Elite - you may have misconstrued my second comment ("How did he know you were telling the truth?").  I personally don't doubt the story and I never thought you were making it up. I was just surprised your classmate so readily believed it because you had prefaced the anecdote by saying your classmate was a doubter ("One who doubted me and thought I was crazy for trading").  But since he was your friend, not just a classmate, and therefore you and he had some history, then it makes sense for him to take you at your word. Hope that clears up the misunderstanding!    

Pertaining to my general state of doubt-iness (doubt-itude?) , I'd agree with you there. Not as it pertains to the $4300 story, but in general yeah. I take most things I hear or read with a grain of salt, as the saying goes. I think it's a very helpful trait when it comes to the stock market though, so I wouldn't change it if I could.

I guess I could say I lost it all once, in that back in 1999 I opened an online account with $400 and lost it all on a couple call options. But I don't count that experience - I put it in the same league as some of my nights in Vegas - it was really just a form of gambling in retrospect. It's really all relative so it's hard to debate. I mean to some, to lose it all would mean you're out on the streets sleeping on a grate and eating at a soup kitchen. And to others, losing it all would be putting $500 or $1k or $5k of discretionary income into a trading account and running it down to zero. And then to others, it could be losing 30% of your capital and having your wife order you to close the account. In the end it's such a relative term that we could probably fill several pages with debate.

Well, hope I expressed myself better. Sorry for the rambling but I'm procrastinating on something else I should be doing and this was a good excuse not to do it!

See you back at G's Place!

Luke

Hi Elite

Just today, I hv come across to this thread......It's really great 
Thanks a lot to you to be with us.
Let me know as soon as your book is out.

Deep sorrow for your loss.

Don't leave us.

Bye
YUNUS

I have been around since the beginnings of this board. Never in my life have I ever come across a message board (3sof)  or message board member (eliteg)  with so much quality information to offer. I personally want to thank you and the other oldschool members who were here from the beginning. - stocky, fousc,  aussietrader, melf elf and others i may have missed....

I believe in the concept of "thinking independantly" when trading but you and a few other members here have proven this concept wrong...

Id also to give a thanks to the guys in the 3sof chatroom....their contributions have greatly contributed to my portfolio's value. Any chance you could honor us with your prescense in the chatroom sometime EliteG? I am very sincere about this....

Hi, eliteG.
I just happened to see this interview too.
Again, I am amazed that a young person like you has such a discipline and already knows what to do for your life.
I totally agree that you are a lucky person that you already know what you like to do.
There are not many people who knows what they like to do and even fewer number of people does what they want to do.
Great interview and keep up the good work!

I'm deeply sorry to hear about your mom. I'm sure she is so proud of you.

Hi EliteG,

I was kind of always wondering about how old you are because of your knowledge, experience and especially patience with all of us. I have children older than you and I am very impressed with your personality and achievements. I am extremely proud of you and wish you great success in everything you do. You seem to have a good head on your shoulders so I have no doubt that you will have a bright future. I am very sorry about your mother. I lost my mother when I was six. I know how it is.

Good Luck!

Lalitha

Quote from: YUNUS on March 01, 2006, 05:14:56 AM
Hi Elite

Just today, I hv come across to this thread......It's really great 
Thanks a lot to you to be with us.
Let me know as soon as your book is out.

Deep sorrow for your loss.

Don't leave us.

Bye
YUNUS

Sorry the week was so busy somehow I passed all these replies by..

Thanks a lot Yunus.  I have been delaying that book for sooo long.. I have a lot of material down.. just gotta make it readable, get the publisher and whatever else is needed to get it out.

Quote from: calven on March 01, 2006, 08:32:09 PM
I have been around since the beginnings of this board. Never in my life have I ever come across a message board (3sof) or message board member (eliteg) with so much quality information to offer. I personally want to thank you and the other oldschool members who were here from the beginning. - stocky, fousc, aussietrader, melf elf and others i may have missed....

I believe in the concept of "thinking independantly" when trading but you and a few other members here have proven this concept wrong...

Id also to give a thanks to the guys in the 3sof chatroom....their contributions have greatly contributed to my portfolio's value. Any chance you could honor us with your prescense in the chatroom sometime EliteG? I am very sincere about this....

Hey Calven  I understand what you mean about "thinking independantly".. when we go into trading a lot of us end up thinking that you should hide your ideas, and that you are fighting against every trader out there.. I remember thinking that way.

But thats foolish.. we can all make money together and help each other out and trading doesnt have to be a lonely job.  I feel like I go to work with my co-workers(3soffers) every day    (hawain shirt day this Friday!) and you guys rock!

Yea I'll try out the chatroom.. just let me know when we got our folks in there(didnt know people use it  )

thanks a lot dude

Quote from: minkielover on March 01, 2006, 09:16:26 PM
Hi, eliteG.
I just happened to see this interview too.
Again, I am amazed that a young person like you has such a discipline and already knows what to do for your life.
I totally agree that you are a lucky person that you already know what you like to do.
There are not many people who knows what they like to do and even fewer number of people does what they want to do.
Great interview and keep up the good work!

I'm deeply sorry to hear about your mom. I'm sure she is so proud of you.

Hey minkie    Thx for that..

Reminds me my mom was so proud.. and funny.. when I would trade from home when she was sick.. before the market opened I would check on my mom.. and I would say "Good morning Patch".. because she lost her hair and I told her she looked like a cabbage "patch" kid and we all thought it was hilarious, and her line back.. trying to pump me up for the day was "Make Some Money" followed by "Hug Patch".. so when I am having trouble thinking when things are going good or bad I say that line(i think traders talk to themselves all the time..well I hope ).  Make Some Money.. lol which was cool because when my mom asked how the day went whether you made $5 or $5000.. I could answer with "I made some money", lol, and it would feel good.

Quote from: lalitha0 on March 01, 2006, 09:47:04 PM
Hi EliteG,

I was kind of always wondering about how old you are because of your knowledge, experience and especially patience with all of us. I have children older than you and I am very impressed with your personality and achievements. I am extremely proud of you and wish you great success in everything you do. You seem to have a good head on your shoulders so I have no doubt that you will have a bright future. I am very sorry about your mother. I lost my mother when I was six. I know how it is.

Good Luck!

Lalitha

thank you very much lalitha  means a lot.. sorry about your loss too.

Hi EliteG,

I was searching for a new car today but still doing analysis. First thing coming back to home, it was enlightening to read your interview today and it motivated me.

I started bad in stock investing 3 years back and last year came to this site where I met disciplined traders like you and learned and have recouped my earlier losses.

Thanks for sharing and educating me with your discipline, logic and non-emotions in stock market.

- Dhiraj

Hi G!
just read your interview, fascinating. you are a great kid. you put your family first, rather than money. money is important but family is more important. and you took life in your stride. you have talent, true grit and above all you will be successful. and I have learnt a lot from your analysis.
sorry to hear that you lost your mom at an early age but you handled it well.
Good luck!