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What are your sept stats? Winners, losers, etc. ? What was your biggest loser, winner, win %, R to R? Didn't your backtest have any losing months?

He works harder than I do. I'm not compounding as quickly and I may be spending more of my returns on myself on a percentage basis than he does. The big thing is risk control. I take losses quickly but maybe not quick enough. And possibly I give my winners too much room. I'm going to...

Interesting video! He trades the same way I do, sort of but he makes a lot more money. I certainly agree with his concepts. Forget the reasons why stocks are moving, concentrate on set-ups and risk control.

Can you walk me through the math on that? Is that 7.5% per month or annualized? What's the worst thing that could happen. What happens if it gaps down to 10 tomorrow morning on some kind of horrific news? (Fraud, lawsuit, something like that)

Does anyone here actually take Padu seriously? This thread is like a car accident you just have to slow down and take a look. It's embarrassing how bored I am and how desperately I want to communicate with other traders.:banghead:

I'm not making triple digits (so maybe not what you consider successful) but a pretty steady 20%ish for the last 20 years using the same strategy.

Exactly! Everyone else is losing money so I'm going to do the same thing everyone else is doing and make money. DUH!!! :banghead::banghead:

Day trader, swing trader, position trader, investor; I prefer to think of myself as a speculator. I buy assets with the intention of selling them sometime down the road at a profit. I'm not doing it for fun or for excitement, I'm doing it to make money. If I have to sit in front of a computer...

What triggered your buy at 2.30 Why did you buy more when the trade was going against you. What is your exit plan.

Oh shit! did you just say "This time it's different" Isn't that a sure sign of a top? I'll tighten up my already tight stops.

At that rate the commish works out to $1500 per month.

Unfortunately that's when you learn shit, when you are listening.

I thought the interview was a waste of time. What was the point?

Walk us through a trade. What did you expect to happen and why? What was your plan? What to trade, when to trade (where to enter), how much to trade, when to exit? How did it work out?

I also like to look at the extremes rather than the averages. I want to see the best and worst results. Does the trader let his losses get away on him.

I'm pretty slow.:banghead: Now I get it.o_O

Ya it would be nice if we knew how much a full time living was. How about you as a full time trader. Someone who is employed as a trader do you think it's possible. Minimum wage is in the 30K range and i would think you could make ends meet with 70K. What kind of returns do you think are...

I wouldn't call having 70% of my breakout plays getting stopped out a sixth sense for breakouts. I'd call it a disciplined approach to trade management that results in spectacular profits. He also scales out of his winning trades.

Top right of my home page there is an alert button. If there is a reply to a thread that I am following or that I have posted to, a small red number show up to let me know if anyone has posted to a thread, if anyone has quoted me, if anyone has mentioned me or if anyone has decided to follow...

So based on your experience answer the OP's question. Is 50K enough?