Are some markets more profitable (or less risky) to trade than others?

Trader2Be · Aug 13, 2005

Quote from sKaLpZ:

Trading global currencies in the forex for 2 years, I go up against the "biggest" in the world all the time and I always make money.

That's a fact. And I'm a high school drop out.

skalpz,

I always enjoy your posts. However, I was curious if you make enough money in your real account to trade for a living?

T2B

sKaLpZ · Aug 13, 2005

Quote from Trader2Be:

skalpz,

I always enjoy your posts.

T2B

you always enjoy my posts?

Thank you!

The rest of your post is off-topic however.

You are welcome to send me an email.

Always nice to hear from a fan.

sKaLpZ

sKaLpZ · Aug 13, 2005

T2B, I will say, I did increase my account less than .5% last week. Had a loss but had more in winnings.

How did you do? And, do you trade for a living?

While we're on the subject, what exactly do you trade?

Trader2Be · Aug 13, 2005

Quote from sKaLpZ:

T2B, I will say, I did increase my account less than .5% last week. Had a loss but had more in winnings.

How did you do? And, do you trade for a living?

While we're on the subject, what exactly do you trade?

I haven't been trading very long. I am still learning. I work full time, but do have a goal to eventually trade for a living - which is why I asked you. I trade the ES in the morning before I go to work (San Diego) - very small size until I prove to myself I can consistently win. Last week I barely came out ahead - not good enough for me, but better than a losing week. Hope this answers your questions.

sKaLpZ · Aug 14, 2005

Quote from Trader2Be:

I haven't been trading very long. I am still learning. I work full time, but do have a goal to eventually trade for a living - which is why I asked you. I trade the ES in the morning before I go to work (San Diego) - very small size until I prove to myself I can consistently win. Last week I barely came out ahead - not good enough for me, but better than a losing week. Hope this answers your questions.

hm... well, in my opinion, unless someone wants to live like a dog, it takes $1,000,000 in your trading account to 'trade for a living.'

I am working on getting a mil.

until then, like, for example, the over 10% gain I took in on money exposed to the market last week, was probably enough to buy a dinner out at a restaurant.

My account really isn't big enough to 'trade for a living' yet but I'm working on it.

If I could sign some guys up for the fishing trip in San Diego, it would help me build my trading account. (lmao)

dis · Aug 14, 2005

Quote from sKaLpZ:

Actually, since I have developed some systems in forex I started trading stocks again just for the fun of it with the forex trading systems I have (stock demos) and was destroying the stock markets like they weren't even there!

My trusty bullshit detector is sounding alarms.

sKaLpZ · Aug 14, 2005

Quote from dis:

My trusty bullshit detector is sounding alarms.

yeah?

and my trusty WAY OFF TOPIC alarm is sounding.

good luck with the thread, guys, and the flamers. I'm outa here.

fx

candletrader · Aug 14, 2005

Quote from SteveD:

For a small guy to trade anything other than equities is going against the largest, fastest, smartest and most heavily capitalized firms in the world.

Exactly what do you think your chance of success is going to be??

The small guy can make money trading stocks because that is where the inefficiencies are located. Nice consistent profits.

Anything else is just pure gambling. Go buy a lottery ticket or go to Vegas and get free drinks and nice cleavage while you gamble.

Just my opinion,

SteveD

Disagree with the underlined part... a robust approach to the eminis can bring in consistent and good profits...

candletrader · Aug 14, 2005

Quote from sKaLpZ:

hm... well, in my opinion, unless someone wants to live like a dog, it takes $1,000,000 in your trading account to 'trade for a living.'

Disagree... a good trader can make a decent living off just $50k on futures (trading say 15-20 contracts of ES)... with stocks, a good trader can also make a decent living with considerably under $1million...

Grob109 · Aug 14, 2005

Quote from sKaLpZ:

hm... well, in my opinion, unless someone wants to live like a dog, it takes $1,000,000 in your trading account to 'trade for a living.'

I am working on getting a mil.

until then, like, for example, the over 10% gain I took in on money exposed to the market last week, was probably enough to buy a dinner out at a restaurant.

My account really isn't big enough to 'trade for a living' yet but I'm working on it.

If I could sign some guys up for the fishing trip in San Diego, it would help me build my trading account. (lmao)

Scalpz Profit last week= 0.05T=.10M=50 dollars (1 dinner)

T=total account, M=money at risk in account, 50 dollars=profit last week.

So I see I have to up the price of dinner to get a normal small account margin. I'll go to 100 bucks for dinner to sqeak through.

T=2,000 dollars

M=1000 dollars

He says he uses 50% of his capital in the market as money management and speaks in decimal fractions to describe his trading profits.

He says he needs 1,000,000 for T to trade some kind of M to make dinner plus all other living expenses plus.