Rupt's life to change soon.
Submitted by Disrupter on Wed, 07/30/2008 - 14:04.
Hello all,
Things are going to change around my house a pretty substantially after this weekend.
I have been working for my Grandfather, "studying" his trading he does. A short explanation is, for dummies, we watch a chart that reflects data about the Market, and attempt to predict which way the market is going to go. If we're right, we make money, if we're wrong, we lose money. It's pretty simple "basics" but I'm going to be learning more and more about. He has been gone to Florida, to help teach the "basics" to a cousin of mine, but it's been realized that he isn't cut out for it, so he's finally coming home. He left me at home with an account, with just enough money in it to do the "simulated" or "paper" trading. It means I make the same calls I would make, but with no gains or losses attached.
Over the course of his trip I've made over 4 thousand dollars, which isn't an amazingly large amount, (remember, this is "paper" trading, so I don't ACTUALLY make the money, but if I had 2 grand to put down, as a buffer, I'd of made that 4 grand.) He's never been successful at this, his problem is that he can't keep his eyes and mind on the market, when he is actually in a trade. I admit I am in Mirc sometimes, or afk in IF, or even take breaks to do dailies etc, just because I feel like it. But I never EVER FORGET I'm in a trade, where money is at risk.
Now that he's decided my cousin is a waste of time, I could of told him that, he's coming home to allow me to do the real deal. Which means I will need my sleep, I can't sleep in through off of the "Market Day" , since it's no longer simulated. I'm really hoping this works out. He'll be back Monday, which is when I start the real deal. Work days will be 6:30 am to 1pm, and then like another hour of discussing how the day went, and , if I made money, grabbing a bite to eat and talking about future plans for myself. I for one would like to go to college at some point, and need the funds to do this.
Now some key people, aka, everyone in guild that has heard me bitch about it, know that my father is an asshole about this work I do. Because he feels it'll never amount to anything, and that it's a complete waste of time. And so he makes my life a living hell consistantly, on a regular basis, giving me all of the cleaning around the house, telling me I'm never helpful, that I'll be the reason he dies an early death, etc. So thats a huge, massive, reason for wanting this to work. I want to prove him wrong, I want to be so right about this, that he'll be coming to ME, to teach him how to do it.
You'll all be seeing quite a bit less of me, besides raids. Theres not much for me to do outside of raids anyways, but still. I'm just forewarning everyone not to think I'm burning out when I stop logging in, etc. And that this change won't effect my raiding, as long as we're not going past 10:30 on a sunday or a week night (excluding Friday). I'll probably still end up staying up past midnight sometimes, but it really hurts my work being tired, need to be focused, I have difficulties saying no to people most of the time, especially when they've helped me, so don't get unhappy if after raid you want to do a heroic/bg/arena/world pvp and I have to say no. It's not personal, I just have some new priorities.
I miiiiight end up toning down some of the extra raids, the only one that comes to mind atm though that I'm seriously thinking I should just give up on, is Karazahn. Za I still need crap, owe Grasen alot of damage in Tk/SSC, mayyyybe Malt, though I'd like to get some more pvp moonkin gear :P. But I know theres like 30+ people signing up.
Anyways, heres some info on my life, if you care to read :P.
- Disrupter's blog
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I had no idea you were a day
Submitted by garreth on Wed, 07/30/2008 - 14:14.I had no idea you were a day trader. What kind of analysis, software, theories, algorithms, etc do you use to figure out where to put your money?
And can you apply this to the wow market?
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That's really cool, I had no
Submitted by Katibug on Wed, 07/30/2008 - 14:16.That's really cool, I had no idea!
Disrupter, don't sweat the
Submitted by Shihli on Wed, 07/30/2008 - 14:20.Disrupter, don't sweat the small stuff man. You're one of the most respectable people I know through WoW, and the sheer amount of shit you put up with just do operate on a daily basis is astounding.
If there's anything that I can do to help you get to where you want to go, let me know.
I'm not really a "day
Submitted by Disrupter on Wed, 07/30/2008 - 14:30.I'm not really a "day trader".
What I trade currently is the ES Mini, I will be switching to the NYQ once my Grandfather changes to a new Broker. I'll be given power of attorney over my Grandfathers account by Friday, and thus, able to "legally" trade with his account. I read various market reports, listen the news (go go custom set up), know about various special events that are supposed to happen. Such has .. what was it called .. anything basically that massively will effect the market immediately once it's said.
I'm no professional at it, I'm still a "newb" when it comes to it. But what my Grandfather lacks is what I have, the ability to pay fucking attention for more then 5 minutes :P. He'll be teaching me alot more about it when he comes back, but from my results while he was gone, he thinks I'm ready to immediately go into the real deal. I'm worried as fuck I'll fuck up and lose money, but thats a risk. He can't do it right, I see him make the right calls, get into good trades, that end up going down hill because he either A) wants more from the trade, B) isn't paying attentionnnnnn or C) he got in too late, and it immediately switched directions as soon as he got in.
We were using ESignal as our program to work with, with Trader Work Station on the side to do our trades. He used to have to call in, to start/cancel a trade. Which would take so long... Now it's at a click of a button. Instantly in/out. Now we're using Interative Brokers, and will be getting rid of the other Programs.
I'm hoping to log in on monday and say "I made X amount /flex", but there is no guarantee I'll even get into a trade, lol, I'm a pansy about it even when it's simulated..
All the other stuff you asked, I really can not answer yet, I'm no more then a newb about this stuff, I skipped alot of the learning process one point, to do the real thing much much to soon. I made some points, but I was really only guessing. Not even intelligent guesses...
Now I know alot more and can make more assumptions/intelligent guesses. There isn't any way for me to 100% be right, but if I fuck up, I can bail out quickly. It's not like a stock that slowly changes and gains value, then suddenly plummets over a weekend because the company goes bankrupt, and you lose all your money. It's a very volatile and active market, but your watching it, every second of the way!
A reply to Shihli. The
Submitted by Disrupter on Wed, 07/30/2008 - 14:39.A reply to Shihli.
The biggest thing you can do, is what most of the officers do. Listen to me whine :P.
No one wants to hear anyone whine, but it sure as hell generally makes me feel better. My situations pretty unique and can be very stressful at times. Things could all go to hell if my Grandfather were to pass away, and this wasn't off the ground and I wasn't making money doing it. I'd be homeless, so would my father and my Sister.
A few people have had to hear me vent a bit recently, or me go on and on about stuff that they haven't a clue about :P... been on the verge a few times of just giving up on what I do, in game, and in my work. Picking up a minimum wage job like a normal person would, and just go with that. With my father threatening to kick me out (he can't, and my Grandfather reamed him for saying it, lol), telling me I don't do anything (when I do.. mostly everything) for the familiy. All kinds of things that would make alot of people very easily pissed off.
You guys almost lost me at one point but I decided that, I don't give a flying fuck what he says, I'll do what I want with my life, he can sit on his ass in his room and cry about it for all I care. This is what I wanna do right now, it's what I'm gonna fucking do :P.
Stay true to yourself
Submitted by Nhia on Fri, 08/01/2008 - 10:36.Stay true to yourself Rupta. Stay dedicated to your goals and dont let ppl get you down. It's easy to listen to people complain about you and you actually start to believe it yourself, but you can't.
As long as you want to do something and you are making the strides to do it. Nobody can stop you! Not even a father w/ an attitude problem. ;)
I wish you the best of luck in your plans! I hope you make something GREAT of yourself.
Rupta, damn strait you will
Submitted by Vulk on Fri, 08/01/2008 - 11:19.Rupta, damn strait you will prove your dad wrong. I've got a similar situation, minus the chores because he lives at my uncle's house, all you have to do is focus, work hard and you will indubitably succeed at everything you put you mind to. If the amount of thought you have put into your chars and the success you have achieved with them (think of the noob mage to the leet mage transition) is any indication of your abilities, you will pick up your trade fast and be just as successful. You cannot direct the winds that blow you but you can adjust your sails to bring you onto the path of success. You got this.
"We cannot direct the winds, but we can adjust our sails."
Grasen: grrrr kids Aidin: omw don't kill them
First day of trading yielded
Submitted by Disrupter on Mon, 08/04/2008 - 13:45.First day of trading yielded 375 Dollars, not too shabby IMO ^^.
I did not make $375 today.
Submitted by garreth on Mon, 08/04/2008 - 14:18.I did not make $375 today. Ass.
However, how much of that do you have to report?
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I, don't have to report a
Submitted by Disrupter on Mon, 08/04/2008 - 14:56.I, don't have to report a dime. Since it's my Grandfathers account, he has to worry about it :P.
Got me beat, Disrupter -
Submitted by Shihli on Mon, 08/04/2008 - 15:58.Got me beat, Disrupter - only made ~$260 today myself :(
I'm really happy to have a
Submitted by Disrupter on Mon, 08/04/2008 - 23:33.I'm really happy to have a positive # on my first day of trading, the negative side to it though, is that I can't spend the money I make, lol.
My Grandfather said I get 1 of every 3 points I make, so if we make a total of 300 dollars, then I'll get to keep 100 of it. I'll be keeping track of our profit/loss over the course of the month and at the end of the month I'll give him the # and be like, WHERES MY MULAH lol.
So thus far he currently owes me $125 dollars for my trouble :P.
Today we traded 1 contract, and made 7.75 points, 50 dollars per a contract.
Tomorrow, my Grandfather would like to do 7 contracts.... which means 350 dollars per a point instea of 50.
Which also means if it goes ONE point against us, all the profit we made today, is gone. I don't want to trade that mean contracts yet, it's too many IMO.
He literally told me, that he wanted us to have a million dollars by the end of the month....
/sigh...