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I could never understand why anyone forking over a thousand dollars or more to a Dream Merchant doesn't demand a multi-year (minimum three years) real money, real trading firm track record. I guess they want to believe so bad they fall for all the scam reasons why the Dream Merchant is unable...

>>>> I've been starting to trade options, which are good for their leverage and low capital to start.<<<<<< Big red flag and contradicts the gist of your post.

The indexes barely budge? YTD the equity indexes are in a steady grind up and that includes bonds such as junk and especially emerging markets. Beginning to remind me of the 90s.

Sorry, I just came upon this thread and don't have time to go through all the responses. You do know that the trend trader's dream is the high yield bond market - specifically the open end funds (not the ETFs or closed) because of their trend persistency and low volatility. They have pretty...

Open end junk bond funds. One of the most purely trending and least volatile asset classes around. Being a trend trader and detesting volatility, they suit me just fine. Because of their trendiness coupled with low volatility, I can trade them in a size I can't do with other asset classes...

Why don't you come back when you have these returns with real money for say two to three years or longer. The average hedge fund returns with real money over the past 20 years is something like 12% per annum on a compound basis.

Just what I was thinking. By the Wall Street Journal standards, it's only 2.6% of U.S. households that are millionaires. So that adage that millionaires in this day and age are a dime a dozen is inaccurate. Of course, everyone on ET is a millionaire many times over.

A couple corrections if I may, I never said anything about taking numerous classes with any gurus as I never took a class with even one guru. You might want to go back and reread where ever you thought I said that. But it's no secret I was never a fan of anyone in Guruville, especially the...

Lucias, I wish you nothing but the best of luck in your quest for trading success. And I would never want to say anything to deter you from your dreams. However, I can't recall ever saying I could call swings in the market because I can't. If anything I said I had no special abilities or...

Very insightful post and I couldn't agree more.

Basically you are asking about left-brained traders vs. right brained traders. I am an almost 100% right-brained trader with ZERO and I mean ZERO math/computer/science/analytical skills. I made my first trade in 1966 and after spinning my wheels for the first 19 years as a small time/part...

Hi flipside21, still trading - primarily bond funds and some individual equities - and it's now around $2.3 million. That's enough for this small-time (and aging) trader to enjoy much more of life beyond the trading arena.

Wow!! Less than 1%. And I thought I was negative. My contention is the success rate is around 2% to 5% but only 1% accumulate any significant wealth to make it worth their time and efforts. And I am not referring to just the ES but trading in general.

Thanks, one of the rare posts I've seen on this forum that is based on reality and not fantasy.

neke, congrats on your honesty here. It's rare on these trading boards that anyone ever admits to losing or having drawdown. I always wondered if yours was a real money account or hypothetical/simulated where no real money is on the line. You appear to be the real deal. You and I are like...

Thanks, a voice of reason. Why do so many on this forum think trading is unlike any other profession and that any JoeBlow can waltz right in and make a living at it?

Someday when you are much older you will understand better where I am coming from. I didn't make trading my sole source of income until I had accumulated between $250,000 and $300,000 in trading profits. That was over 15 years ago and turned out to be a wise choice. Now the choice is when do...

I would think account size (and dollar return for that matter) would be relevant in this thread. I don't have the full year results but it appears the average hedge fund had mediocre returns in 2010 and underformed the low double digit returns (around 13%) of the S&P. While I by no means have...

Prechter has been a perma-bear since late October 1987. He is one shrewd promoter though pandering to the fears of the average retail trader.

So let's see, CNBC and the likes of Cramer who use to co-manage over $300 million are a no-no, but trading forums are OK and fountains of wisdom??