Just for the record the $250K profit per year does take my commissions into account and it is not inflated...actually a little low based on the last 2 months.
This is the last I will reply about my so called "claimed profits".
Good luck to all in 2007.
Dtrader2223
As stated by a previous poster my objective is not to convince you of my returns. If you want to believe it or not really makes no difference to me. I have no motive to lie to you.
I would appreciate it if the repliers kept on topic as I am not trying to brag over how much money I have made...
I trade on both the TSE and the TSE Venture (the old Vancouver exchange). I wouldn't necessarily say that it is totally cleaned up as you do need to be careful but it is not as bad as the BB or Pink Sheets.
Brian
Are there any other day-traders doing it from home that can share their experience? Have any done it and gone back not for financial reasons but because they were not happy?
It sounds to me like it would be great but I don't want to be blind-sided and stuck in a bad situation.
Brian
My trading is very short-term and all on the long side (since shorting is generally not possible on penny stocks). I started with about $2000 18 months ago and I now generate between 20k and 40k per month (the last few months have been very good).
I tend to trade only penny stocks (under...
IB will allow you to trade only certain stocks which tend to be the larger cap stocks. I currently scan about 1800 stocks looking for those that have become very cheap (usually due to 1 person dumping shares). I can't do that with IB's selection of issues on foreign markets.
As to why I don't...
I appreciate the replies.
I figure in 6 months I will be debt free with a good cushion should things change. I have been doing this for the past 15 months experiencing pretty consistent success (never had a down week and only about 1 in 20 down days) so I am getting more and more confident...
I currently live in Canada and trade on the Canadian exchanges. I trade primarily in penny stocks (under $2.00) and am able to trade quite successfully at it. Due to the different type of market I am not interested in trading on the US penny markets (Bulletin Board & Pink Sheets).
There are...
I currently work full-time as a mid-level manager and I am essentially doing daytrading all day long. I trade on the Canadian markets and do about 30-40 trades per day and I am doing quite well ($250,000+ per year on trades alone). Financially I could easily quit my job and trade full-time but I...