$2500- $4000 a day Players

Michael, thanks for the clarification. Will refer to your journal for more details.

best rgds


Quote from ElectricSavant:

I get that yield with 50:1 leverage and I currently have a Ratio of 1.75:1 of Cash to Trading. This is way to high of a ratio and I slowly am moving to 3.50: 1 Cash to Trading Ratio.

You see, I split that 5k up into two accounts...one for Cash earning 2.4% APR and one for Trading earning between 90-124% APR.

You can see my Journal here:

http://www.elitetrader.com/vb/showthread.php?threadid=48230


Michael B.
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I trade out of a large LLC account, I personally only keep about 10-20K in the account, However, they give me 400K in buying power which I max frequently.


Quote from Learner:


Well done sbird.

But you did not say how much capital used for the making. Tell us please.
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Quote from sbird:

Coolweb,

I scalp, but I don't make that type of money each month. In April I took about 50 k out of the market, May was slow, took about 30k. It is possible though, two guys in our office did that for the first four months of the year. IMO scalping is the best, you make good money and get to trade alot of shares all day long.
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You took 50k and 30k "out of the market" in April and May respectively. So after commissions, what was your net?
 
I usually net about half of what I gross, except for may, only made about 10k.... had a big loser day at the end of the month. April was about 25k.

Quote from Longhorns:

You took 50k and 30k "out of the market" in April and May respectively. So after commissions, what was your net?
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Quote from coolweb:

Hello,
I've been noticing some traders are making $2-4k a day, a very respectable number imo ,

Heres what I think many of us on ET and myself would be interested in,

1) How much capital do you use to acquire this $2500-4000,
I believe its probably around $500k-800k mininum for a 1% move usually

Or are you guys playing options?

2) How are your win loss days? You win every single day (2-4k)?
Very consistent? 3 out of 5 days?



3) If consistent, Are you scalping?

I'm not much of a scalper but if thats what it takes to be consistent (95% days wins), then its something I will have to learn.


Thanks guys :)
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It is possible to do this with maximum $25,000 to $40,000. Requires considerable skill though.
Such performance practically implies consistency.

:cool:
 
i have 800k in bp and average around 75k a month over the year. Some months are nil and some are 200k+.I am only willing to loose a small amount but always willing to add more if the stocks move. I am making MUCH more now a days once i was able to short everything interday again.This was KILLING me when I couldnt short. Now its even better as I know i have what a lot of people /hedge funds want.
momo
 
wow momo,

good trading. I can only make 1/4 th of what you make, even if it is consistant and does not change from month to month, I do not hold a candle to you. But get this...I only spend 6 minutes a day trading Retail Spot Forex!

oh yeah, I would need to have 800k in cash to do 1/4th of what you do too...you said bp...wow momo you are a good trader...

Michael B.



Quote from momo trader99:

i have 800k in bp and average around 75k a month over the year. Some months are nil and some are 200k+.I am only willing to loose a small amount but always willing to add more if the stocks move. I am making MUCH more now a days once i was able to short everything interday again.This was KILLING me when I couldnt short. Now its even better as I know i have what a lot of people /hedge funds want.
momo
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Spectacular responses guys,

$1k a day is as good as $3-4k a day, everybodys progressing at their own rate.

momo,

Are you trading with a particular edge like arbitages/hedging/ pair trades with other information

or are you a pure trader with great money management skills and trades around support and resistance that waits for price confirmations.
 
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