5% - 10% profit per day trading

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Quote from Businessman:

Spanish89,

The average newbie lasts between six to twelve months in this business.

They will go between 3 and 9 months before the market really moves against them on one of their positions.

Intially they are confident, the market has never hurt them, so they dont use stops as they have never experienced a big loss, or if they have it was only on paper and the market has always came back for them.

They will have had a growing account PnL by taking small profits and waiting for the market to come back if it goes against them (perhaps even doubling up).

But eventually the market traps thems and forces them to book a large loss. From this point on they can no longer 'trade' this way as the mind is now fearfull of another large loss.

At this point the newbie begins to discover how hard trading really is.




lol

Mate im not some kinda fucking newbie to this! :D

I honestly wish i was, so i could then quit before i foundout how great it can be and could have got a life and career that id been planning for since i was young.


I dont know about your financial background, or under what circumstances you were in when you started trading,
but i can say with extreme confidence that you have no fucking idea what its actually like to trade when your under extreme stress!!
And you wouldnt have made it for even 1week if you had started trading under the financial conditions and constraints that i have been under, having to earn the amount of % profit every week that i had to make just to get by!


If you fancy making yourself feel bigger and to try looking skillful and big for abit on here then feel free to post more comments calling me a newbie, lucky, and giving the old cliches about what makes a good trader.

But if you want to actully contribute to this thread why dont you instead just start giving live daily trade calls and analysis,
so you can show with you actions how skillful you actually are at trading. :cool:
 
Quote from blackjack666:

He actually trades US stocks only. He worked for all kinds of investment banks as a risk analyst and designing mathmatical trading models and trading algorithms. He learnt lots and paid a programmer LOTS of money to design him a trading system which scans stocks and trades them based on his knowledge. He makes RIDICULOUS money. Ive seen his tradestation screen taking all of the trades for him, making him thousands of pounds whilst he does nothing! he only day trades manually for fun, lol.

PS. I get the feeling some of the hostility is directed at me about not posting live trades, lol. I have even posted transation statements to prove im not a 'bullshitter' lol. I dont post my trades because 1) I am a scalper and use very tight stops now, and by the time id have written my trade on a bulletin board id miss my trade, lol! and 2) I now get trade ideas from my new trading friend and he wouldn't want me posting them all over the place.

People can believe what they want. I think its just sour grapes, personally. If they cant make money and just got lucky for a while they jump on the defensive. People should just worry about their own trading, lol.

Right. Good luck everyone.

Don't worry about it, I got the same for a bit over in T2W. The bank balance meant few tears were shed :D
 
Quote from blackjack666:



PS. I get the feeling some of the hostility is directed at me about not posting live trades, lol. I have even posted transation statements to prove im not a 'bullshitter' lol. I dont post my trades because 1) I am a scalper and use very tight stops now, and by the time id have written my trade on a bulletin board id miss my trade, lol! and 2) I now get trade ideas from my new trading friend and he wouldn't want me posting them all over the place.


Forget any hostility. I have enjoyed watching you and Porph make it.

Some people want to be told all the answers without doing the hard work themselves.
 
Quote from blackjack666:

He actually trades US stocks only. He worked for all kinds of investment banks as a risk analyst and designing mathmatical trading models and trading algorithms. He learnt lots and paid a programmer LOTS of money to design him a trading system which scans stocks and trades them based on his knowledge. He makes RIDICULOUS money. Ive seen his tradestation screen taking all of the trades for him, making him thousands of pounds whilst he does nothing! he only day trades manually for fun, lol.

PS. I get the feeling some of the hostility is directed at me about not posting live trades, lol. I have even posted transation statements to prove im not a 'bullshitter' lol. I dont post my trades because 1) I am a scalper and use very tight stops now, and by the time id have written my trade on a bulletin board id miss my trade, lol! and 2) I now get trade ideas from my new trading friend and he wouldn't want me posting them all over the place.

People can believe what they want. I think its just sour grapes, personally. If they cant make money and just got lucky for a while they jump on the defensive. People should just worry about their own trading, lol.

Right. Good luck everyone.

Me too jacker.. i mainly scalp too, hence limited posting on this or any other thread, cos by the time i have typed i might have missed my entry or exit.. better safe than sorry....
 
Quote from spanish89:





but i can say withextreme confidence that you have no fucking idea what its actually like to trade when your under extreme stress!!
And you wouldnt have made it for even 1week if you had started trading under the financial conditions and constraints that i have been under, having to earn the amount of % profit every week that i had to make just to get by!


Here is your problem though mate. No one could make sound decisions under your stress.

Why don't you do what most other people on here do and get a job and trade part-time until you build your account up, refine your technique and enjoy life a bit?
 
My dads mate made (and lost) a million pounds a few years ago through trading. (real trading where you actually own shares) He found out about me and my trading and put me in touch with him.
 
Quote from spanish89:

I dont know about your financial background, or under what circumstances you were in when you started trading,
but i can say with extreme confidence that you have no fucking idea what its actually like to trade when your under extreme stress!!
And you wouldnt have made it for even 1week if you had started trading under the financial conditions and constraints that i have been under, having to earn the amount of % profit every week that i had to make just to get by!

Extreme stress?, lol, you got it easy mate.

I trade for living and i have a big mortgage and a young family to support too. My monthly expenses are atleast five times higher than yours.

You have no dependants and you rent a room, you have no idea what extreme stress is.
 
Quote from TraDaToR:

I'm not millionaire, I lose money everyday trading, I am very consistent at losing, almost never make a winning trade. If I make calls on this thread, people will make huge money fading it.

I talk shit on spanish because he is a winner and he is brighter than me. I fucking hate winners like spanish, especially when they trade for 1 year and I lose for 7.


lol

Ive always said that i never ever call profitable trades ''winners'', as thats such a vulgar and inaccurate term.


And so i wouldnt call myself 'a winner'.


The opposite infact.

I started fulltime with just under £1,000 back in June, did only £1 per tick till late september,
and yet managed to get through those 4months with withdrawing £1,600 every month for rent n living costs, and yet still managed to build up capital to about 4k by late september.

Not sure how many other people could take the last 1k they have in the world, and do that,
but im sure on here theres loads. lol


I didnt do this by 'luck' as people have said, i did endedup doing exactly what i still do,
getting in very good trade entries, yet scalping for 25ticks back then with the 12ticks stoploss, missing the $2 crashes as soonas i exited, and then getting back in and scaling a couple of dozen more ticks. :D

That day that oil crahsed $8s while bernanke was taking and caused its fall from 147 and the eu/usd to reverse,
i had a £2 sell on oil from 146.39 and a £1 sell on euro from just under 1.6000.

if i was ''lucky'' as everyone likes to say i have been id have been a risk taker and held those trades and made loads.

But i didnt have loads of great luck, i barely made £300 from that oil trade and lost £10 on the euro trade. :/




From then till now ive made all my trades public, and so everyone has seen how ''lucky'' i have been in them. :cool: :p



Im not gna go into the details of all my trades,
but i ended last year having made just under £27,000 profit in the 5months that i traded (had 1month off).

And that was coming from a starting 1k account, and with me withdrawing nearly £2,000 each month, so capital never was above 6k for more then 5days,
so no compounding going on.



While i do wish that id held those big sells that ive made this month, instead of taking big losses just to have teh market crash after i take them,
atleats this finally gives me the boost to end this shit and go get a job in a trading firm where i can instead risk their money!! :cool: :)



Since the amount of stress ive been under constantly every single day,
just to make a basic living,
it just isnt worth it anymore!! :D



No-one else out there works 26 t 28hour days.
No-one else out there consistently makes over 30% profit per week, every week, for months n months,
and yet gets no reward for doing that.
No other trader is having to risk being homless every single time they make a trade!! :D :p

And so now im fedup of working too hard for nothing.



Ive still got just under 4k left if wanted to use to to keep trading my own account,
but i just cant be bothered to keep working so had and such long hours under these conditions. lol

Its just not worth it.





So thats why im about to go and post off the form for me to get hosuing benefit,
it will be 5days till its all done and they start the payments to my bank account,
but fter that i can finally start living a normal life, at normal hours, wthout constant stress,
and just enjoy a well deserved holidat for awhile untill i get a job in a trading firm... :)
 
Quote from Businessman:

Extreme stress?, lol, you got it easy mate.

I trade for living and i have a big mortgage and a young family to support too. My monthly expenses are around five times higher than yours.

You have no dependants and you rent a room, you have no idea what extreme stress is.


lol

ok mate, 2questions...

how much capital / saving bank money do you have??? ;)
and how many times per quarter do you have to double or triple you capital to just get by???
:D :cool: :p



Im not gna get into an arguement or debate about who has a harder financial life and i sunder more stress though sorry. :)
 
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