Quote from cnms2:
May I ask: What's your point? What do you want to accomplish with this journal? What do you want to prove? Why?
many many people asking so here goes.
ok here goes. There are too many posts asking the reason why i'm doing on the forums posting profits again and again instead of making money elsewhere .. im not too sure what the rules here are exactly so i will be careful.. please help ..
1) I am not from the US and the country where i trade (a top ten one in terms of market cap and turnover) i believe and i have proven i am the No. 1. i feel i can easily be in the top 10 in the US in mechanical trading. in the country where i trade, the market is still quite immature, v high prohibitive commish, taxes .. compared to say the US or some european markets ..
i am taking time to get my feet wet in the US futures markets and then i will consider my options. this is one of the way. for me its an investment (of time). i am sure this year i will have made a visit to the US and hopefully make the same kind of trades and since right now i am working on a dial up line and delayed quotes, my results will be much better ;-)
i look forward to your help, help from anyone for that matter.
about the investment of time, i have reasons to believe it works
a decade back i sent a newsletter to a broker free for three months only 6 months after i had started trading .. he hired me with what is worth $ 60000 (in the US) but here $ 7000 (a princely sum, retained my day job) for 2 hrs a day work.
a year later i bought a home and a car ... which is like utter luxury here ..
after 3 years i now am on a level of arnd $ 35000 total earnings here (equivalent to arnd $180000 US) . . yes only 35 k since i cant scalp here ... which is my strength .. i have to forcibly trade swings or worse .. invest eeeeks
now this shd be my third jump and i want to make sure its neat...im almost there .. i have several offers here and a possibilty of my own office .. but want to try the Mecca of trading .. NY or Chicago on contracts .. or prop firms but its almost impossible getting an offer from the US applying from here especially in trading but im dead sure i will make it this year even if it is investing my own money to come and do something there .. i have a friend in Buffalo (NY) that may help ... keeping my fingers crossed.
does that explain ... ?
thanks
mishwar