25 Years & $100 Million Profits... A to your Q's, Today Only

[arealpissedgoy]

At what age did you begin?

How did you begin?

Time to profitability?

What markets do you trade?

Do you use any indicators?

How many of the 100 million do you have now?

....well I could go on. But any on the above will do.

 

[jtnet]

Quote from sim03:

Here you go:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1459418#post1459418

somone making 100mill, trades on folding tables and a cut up table cloth for curtain?

 

[gnome]

Quote from rtstrading:

I started with $100/month into 44 Wall Street in 1977.

I have one of my most memorable trades in 44 Wall Street...

 

[gnome]

Quote from William Rennick:

This is a fantastic thread gnome, thank you.

A few questions.
1) is there a particular day of the week that is best/worst to trade?
2)What is your most effective reason/factor/signal for entering a trade.
3) Do you ever trade in front of important data?
4)How do you trade breaking news, if you already have a position.

Thanks.

Rennick

I know of no significance to "day of the week".

Best reason is "chart structure".

Trading in front of news is mostly gamble... not the best reason to risk.

News.. sometimes you chase the reaction, sometimes fade.. no general rule.

 

[gnome]

Quote from arealpissedgoy:

At what age did you begin?

How did you begin?

Time to profitability?

What markets do you trade?

Do you use any indicators?

How many of the 100 million do you have now?

....well I could go on. But any on the above will do.

Started trading about age 35.... rest of the questions already answered except for my net worth... too personal for ET, you know?

 

[Mercor]

Where is your tip jar?

 

[Pension_Admin]

I have been a struggling trader for a long time and I pretty much given up all hopes for success in trading, but I am going to stick to trading just to see if being persistence would pay off.

It would be great if a successful trader like yourself could give me and other traders like me a bit of guidance and let us know if we are heading the right direction.


Many thanks!

Pension_Admin

 

[CPTrader]

Gnome,

Interesting and insightful thread.

Thank you.

My synthesis of gnome's experience/perspective is: He is a classic discretionary trader with a systematic/near-systematic conservative and strict risk management overlay.

And in essence this is the key to successful trading: Strict risk management.

Like we've heard many times - the essence of successful trading is "simple" - perhaps not easy to implement in practice but conceptually VERY SIMPLE.

 

[gnome]

Quote from Mercor:

Where is your tip jar?

LOL... not necessary

 

[scriabinop23]

gnome: I just PMed you a solicitation for partnership on a automated system I designed, if you are so well capitalized and looking for noncorrelated options.

But... This 100m is net profit, after losses?