2002 is about over
- Thread starter thunderbolt
- Start date
It may be so. However, just because it doesn't work you, doesn't mean it is a bad service. Obviously people want the service or else they would be out of business.
Quote from LongShot:
actually it's only $75 (almost ONE-FOURTH) if you don't care to see the daily transcripts of their entries. now, for $50 bucks more a month you get to see a record of the trade ENTRIES. the exits ...well who knowsand who cares ..afterall, YOU were there!
so actually it is only $75 bucks/month now... down from a whopping $250. go figure...
How long were you a member?
Quote from Gordon Gekko:
how the hell are you guys making so much money!!!!!!?????????reading this stuff really irks me..... i can't make $10/week and you guys are making fortunes. the life i would have if i made a fraction of that amount....... i WILL figure this out before i die...... in the meantime, i will just have to be pissed...
LOL, although I feel for you
I am up over 1400% ($700,000) for 2002 trading part-time. I'm pretty sure I beat most of the Professional Mutual Fund Managers (friggin losers).
I am going Full time January 2nd, so I guess I'll start losing money because of overtrading. :eek:
I have been trading over 25 years, mostly futures and position trading stocks (3 days to 3 months). Daytrading is new to me, I do intraday, but not scalping. I made big money in NXTL B $3.25/S $11.75, DCEL B .18 cents/S $2.47, CHTR B $1.10/S $2.15, my most recent trades, most of the first half I was mostly short.
I didn't make the big money in trading until I had already become a millionaire thru real estate.
My trading plan is no different than when I was in my 20's (1970's). The difference is that when I was young I had no money trading with a $5,000 account that I kept "Blowing" out
Too much pressure, I needed the money for rent, car, chicks, etc...Now that I don't need the money I am much more relaxed, I don't need the money to pay personal debt etc...
I am amazed actually at how easy it is to make money vs how hard it was when I was "Undercapitalized" and stressed out.
I truly believe that the "BIG" money is made in position trading. I can show you 100 Long term Millionaires for every 1 Intraday Millionaire (Soros, Buffet, Paul Tudor Jones, Richard Dennis, Denesh Desia, ME
, etc...)I personally do not know how to Daytrade (scalp). I have no system, and I am not sure if I want to learn
Daytrading seems to be fast & furious (too stressful).Experience counts, trust me. I believe it takes a minimum of 5 years to be good at anything.
Don't give up. Have a plan, stick to that plan, have good capital, and go for singles (no HOME RUNS) except with options
Good Luck!!!
Quote from F-Trader:
My trading plan is no different than when I was in my 20's (1970's). The difference is that when I was young I had no money trading with a $5,000 account that I kept "Blowing" out
Good Luck!!!
what would be the bare minimum to start and how are you going to manage it.
Full time or Part time?
Part time with small account (less than) $25,000. I would Position trade (keep working in day job) until I had $35,000 and 3 months reserves at minimum.
Full time, I would like to see $50,000 plus 6 months reserves set aside for rent, car, etc...
I think anything less and you are just kidding yourself.
This business is so much easier when you can trade without pressure.
Good Luck.
Quote from F-Trader:
LOL, although I feel for you
I am up over 1400% ($700,000) for 2002 trading part-time. I'm pretty sure I beat most of the Professional Mutual Fund Managers (friggin losers).
I am going Full time January 2nd, so I guess I'll start losing money because of overtrading. :eek:
I have been trading over 25 years, mostly futures and position trading stocks (3 days to 3 months). Daytrading is new to me, I do intraday, but not scalping. I made big money in NXTL B $3.25/S $11.75, DCEL B .18 cents/S $2.47, CHTR B $1.10/S $2.15, my most recent trades, most of the first half I was mostly short.
I didn't make the big money in trading until I had already become a millionaire thru real estate.
My trading plan is no different than when I was in my 20's (1970's). The difference is that when I was young I had no money trading with a $5,000 account that I kept "Blowing" out
Now that I don't need the money I am much more relaxed, I don't need the money to pay personal debt etc...
I am amazed actually at how easy it is to make money vs how hard it was when I was "Undercapitalized" and stressed out.
I truly believe that the "BIG" money is made in position trading. I can show you 100 Long term Millionaires for every 1 Intraday Millionaire (Soros, Buffet, Paul Tudor Jones, Richard Dennis, Denesh Desia, ME
I personally do not know how to Daytrade (scalp). I have no system, and I am not sure if I want to learn
Experience counts, trust me. I believe it takes a minimum of 5 years to be good at anything.
Don't give up. Have a plan, stick to that plan, have good capital, and go for singles (no HOME RUNS) except with options
Good Luck!!!
Congrats! Sounds like you have your trading down with many profits.
Straight up, let's here about some 2002 profits. I'm at $94, 566 net. I primarily scalp for nickles, dimes & quarters, but rarely for halfs. It would have to be some serious pre-market action for more than a quarter profit. However, one time BRCM went crazy in PM and I scored 2 points in 30 seconds--sweet!
BOLT
