Search results

  1. J

    Prop Systems Trading

    Interesting. Why is that? It must have something to do with the net profits to the prop firm.
  2. J

    Prop Systems Trading

    Futures as well like eMinis? I thought most props only traded stocks.
  3. J

    Seeking Mentor - Will to pay right mentor Looking for real deal

    Yes, you are absolutely correct. The only ones left are the ones who couldn't trade to save their ass and statements, of course, would be "unavailable at this time". I've helped a few people along the way. My reward comes when I see that the person "gets it" and starts to develop their own...
  4. J

    Seeking Mentor - Will to pay right mentor Looking for real deal

    That's my point. If they are "successful traders", why do they need to mentor in the first place? It would be the rare person who offers their time to someone they don't know and don't want to know. None of these scammers can produce a brokerage statement. So back to my original...
  5. J

    Seeking Mentor - Will to pay right mentor Looking for real deal

    Would strongly suggest that whomever you consider, that you get REAL, LIVE brokerage account statements which confirm that the person is trading their own "system". I've been there with mentors - never found a single one who could show a consistently profitable brokerage statement. Most of...
  6. J

    what did your "learning curve" cost in time and money?

    I've traded for about 10 years. The first 3 years I wasted a lot of money on courses, chatrooms and pseudo mentors. Then I spent about 3 years learning programming but didn't have good money management/position sizing tools. Finally, I woke up and realized that if I couldn't put the whole...
  7. J

    Hedge Fund database

    Does anyone know of a free hedge fund database? I'm looking for information on a particular fund called WMS Susquehanna Fund LLC. Thanks Jerry
  8. J

    Need Tax advice !!! Stay retail or form an LLC if you make $200-300K per year?

    I was looking into this recently and did a little research. I went ahead and formed the LLC, but now I'm not sure if I'm going to use it. I don't need health care and I don't intend to form a retirement fund so it's probably not a benefit for me. Here's an article and a link which gives a...
  9. J

    How many of you make over 100k/day regularly day trading?

    Yes, I put limitations on my trading, but that's my personal decision. I'm satisfied growing the account slowly, increasing contracts very slowly and investing profits elsewhere for diversification. I was around during the 9/11 event. Black swans are infrequent, but they do happen. My...
  10. J

    How many of you make over 100k/day regularly day trading?

    You're wrong. Because perhaps a $100,000 account is too large for an individual trader based on his/her total assets. It may be the same risk relative to 1 vs 10 contracts. But it's not the same risk relative to one's asset base.
  11. J

    How many of you make over 100k/day regularly day trading?

    That's ridiculous. Limiting the amount of money you have in your account is not limiting your profits - it's using common sense. I build my account slowly and increase the number of contracts based on my own money management algorithm. Trading is also about reducing risk. And reducing risk...
  12. J

    How many of you make over 100k/day regularly day trading?

    Depending on fills, I don't see why the strategy I'm trading couldn't be scaled up. I limit the amount of money I want in the market at any one time, but that's my choice as a lone day trader. I've never traded "fat fingers" so perhaps there's some limitation I am not aware of. I started...
  13. J

    How many of you make over 100k/day regularly day trading?

    Hi. First time poster here. If you can make $100 per day consistently with good money management skills, you can make $1000, $100,000 or $1,000,000 per day. It's all in the trader's skill and risk/reward management calculations. I net about $1,000 in ES futures per day. But it took...
Back
Top