$2000 Daily...? Anyone?

[TraderZones]

Quote from EminitraderDM:

Yeah but you guys make it back im sure or you wouldnt be here.

most of the people claiming 3 points a day, $2000 or more a day, "done by 10am" and a lot of other claims, only do so in their dreams or on paper.

You have no idea how nearly impossible this is for most traders. It is said that 95% of traders lose their money. But what is NOT said, is that out of the 5%, probably 90% of hem break even, have been profitable for just a short time, or make small amounts.

Most people who make good money work in the industry, not in the kitchen in their underwear with a few beers next to their laptop.

The number of people who do $2000 a day? Maybe 0.3-0.5%

 

[MandelbrotSet]

Quote from TraderZones:

most of the people claiming 3 points a day, $2000 or more a day, "done by 10am" and a lot of other claims, only do so in their dreams or on paper.

You have no idea how nearly impossible this is for most traders. It is said that 95% of traders lose their money. But what is NOT said, is that out of the 5%, probably 90% of hem break even, have been profitable for just a short time, or make small amounts.

Most people who make good money work in the industry, not in the kitchen in their underwear with a few beers next to their laptop.

The number of people who do $2000 a day? Maybe 0.3-0.5%

LOL, welcome to the Jungle, EminitraderDM

Part of the reason I said it takes so long to become a good trader is because you have to accumulate a lot of good information while letting the bad information go out the way it came in.

When you get a chance you should read through the PnL threads going back a couple of years. There you can see the traders who have succeeded (sometimes almost beyond your imagination) and those who failed ... and of course, there are those who struggling along.

As you know from the game that you're in, a lot of your success is determined by yourself, and no one else.

 

[EminitraderDM]

Here is my blotter for today October 6, 2008 from 3:09PM - 4:09PM. This is the first day I ever traded with real data. No formal training. (1 Contract)

Im much more inclined to short sell for some reason. It took me a couple trades to realize the market was in an up trend and I started wining again lol

 

[startraitor]

Mr Austin,

With the utmost of respect, I am asking why you do not post blotters here or in the p/l thread reflecting your net gains, accounting for commissions, as many other posters do?

While you do not state it, it is well known you are a vendor, and to add credibility, being a vendor or not, I would expect to see a blotter net of commissions, for someone who consistently implies overall profitable trading.

Thank you for the reply and good trading and bagging austin.

Quote from austinp:

<i>"you would maby also agree on that: a 12pt range doesnt mean, you can only make 12pts )))
in a range of 12 pts you can have 10 times up and down.... correcto?"</i>

Nope... I call bullshit on the whole thing. All theory, no reality. But I can easily be proven wrong. Just post a few blotters and prove otherwise.

fwiw, my day has begun with two turns: long for +6pts into the premarket news blast and short for +4pts into the opening bell. 10-lots turned, +$2,000 daily objective covered from now until Wednesday afternoon.

 

[pclark]

I'm a newbie and even I can smell it on this post bull shit is correct

Quote from moarla:

thats bullshit. My minimum is 1000 single contract. If i trade 10 or 100, my minimum still is 1000/contract. so with 10 my minimum is 10.000 and with 100 is 100.000.
I dont change my trading style with the amount of contracts i trade.
You can tell me also how much ticks or points you make on a single contract . Thats opk for me too...


))

 

[Incognito]

Quote from startraitor:

Mr Austin,

With the utmost of respect, I am asking why you do not post blotters here or in the p/l thread reflecting your net gains, accounting for commissions, as many other posters do?

While you do not state it, it is well known you are a vendor, and to add credibility, being a vendor or not, I would expect to see a blotter net of commissions, for someone who consistently implies overall profitable trading.

Thank you for the reply and good trading and bagging austin.

You know, AustinP is not advertising shit on this site so I don't see why he has to prove anything to your sorry ass.

Where is your blotter you DICK Tracy investigating loony mothefukker?!?!?

 

[forextrades]

I know a guy who consistently makes 20+ points per day on the ES. His typical trade is 100 contracts. You do the math.

 

[Insearch]

Quote from EminitraderDM:

Here is my blotter for today October 6, 2008 from 3:09PM - 4:09PM. This is the first day I ever traded with real data. No formal training. (1 Contract)

Im much more inclined to short sell for some reason. It took me a couple trades to realize the market was in an up trend and I started wining again lol

The times you quote are EST? in 1hr you had 34 trades, so I'm guessing this is scalping . . . .

Anyway, not doubting the blotter, but if in fact your trades are EST, the market was in an uptrend and the majority of number of your trades should've been long, no?

 

[startraitor]

Thank you for your reply and backhanded compliment. I make many claims, some I am not proud of, but I do not claim or imply to be an overall profitable trader by my posts incognito.

I will be happy to post blotters from here on out not reflecting commissions, that can easily be generated on a simulator. Thank you for your suggestion and your concern regarding my question for austin.

Quote from Incognito:

You know, AustinP is not advertising shit on this site so I don't see why he has to prove anything to your sorry ass.

Where is your blotter you DICK Tracy investigating loony mothefukker?!?!?

 

[MandelbrotSet]

Caught some of that overnight lift in the ES ... bringing to the total to $1,000 even (net of commissions) on one contract.

I've done it before, and while it's possible, it definitely isn't very probable.