âThe desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.â - Jesse Livermore
Average daily profit with $50K account?
- Thread starter fcg007
- Start date
Quote from NoDoji:
Jack, I've always understood what you say. I delved into your methods when a link to a thread on ET using your methods seemed to mirror the stuff I was figuring out bit by bit in my 3000 hours of screen time.
There are posters on ET whose sole purpose, it seems, is to track every one of Jack's posts and then post a useless reply, very often the same reply over and over again.
Interesting.
You understand obfuscated and overly dense writings and believe traders who never lose and are always in the market--exist??
Perhaps a description of your background that provided you this insight would be a good place to start. I am just not smart enough to "get it" please advise
thanks,
TINS
Jack's latest discovery, in a Happy Meal!!!
I know all I need/want to know. That your life is so pathetically-empty that you feel the need to stalk a guy on the internet for years.
It's hilarious and sad that this thread has become a discussion of JH's followers.
I understand why people might follow up his every post -- there are a lot of newbies and lurkers on this site. One of them may be confused and actually think that JH has something to offer. The ET posters who follow his posts and support them with empircal evidence that JH doesn't know what he's talking about prevents these lurkers and noobs from wasting their time trying to study his "methods."
Let's also not forget that, while JH may be a successful trader, nothing that he has ever posted on ET has supported this notion.
He lost money in that contest everyone refers to.
His systems have been tested and shown to be unprofitable.
His followers do not make money.
His posts are incomprehensible.
But sure, he might actually be a profitable trader, but if he is, it's using methods that he doesn't share here.
The only difference between JH and Woodie is that JH doesn't charge people to learn his unprofitable system (as far as I know).
In other words, what does JH contribute to this forum:
- Entertainment? Maybe, depends on your viewpoint.
- Helpful advice? No.
- Profitable strategies? No.
- Instruction to struggling traders? No.
- Coherent posts? No.
- Real-time demos of his profitable trading? No.
- Good performance in trading contests? No.
- Charts with lots of boxes drawn OHLC bars? Yes.
I understand why people might follow up his every post -- there are a lot of newbies and lurkers on this site. One of them may be confused and actually think that JH has something to offer. The ET posters who follow his posts and support them with empircal evidence that JH doesn't know what he's talking about prevents these lurkers and noobs from wasting their time trying to study his "methods."
Let's also not forget that, while JH may be a successful trader, nothing that he has ever posted on ET has supported this notion.
He lost money in that contest everyone refers to.
His systems have been tested and shown to be unprofitable.
His followers do not make money.
His posts are incomprehensible.
But sure, he might actually be a profitable trader, but if he is, it's using methods that he doesn't share here.
The only difference between JH and Woodie is that JH doesn't charge people to learn his unprofitable system (as far as I know).
In other words, what does JH contribute to this forum:
- Entertainment? Maybe, depends on your viewpoint.
- Helpful advice? No.
- Profitable strategies? No.
- Instruction to struggling traders? No.
- Coherent posts? No.
- Real-time demos of his profitable trading? No.
- Good performance in trading contests? No.
- Charts with lots of boxes drawn OHLC bars? Yes.
All these discussions...
Is it possible to draw $300-$400 a day? Of course! Account size may not be much of a factor if you trade futures.
Is it probable? Is it reasonable? That depends. How long have you been trading? For a beginner, it is highly improbable. The more experience you have, the more probable it becomes.
Account size is not that much of a factor. How well you can trade IS.
What is "reasonable"? One cannot answer that question without knowing the capacity of the subject involved.
I'd imagine that anyone obsessed enough to stalk a guy for >6 years has got to be, uh, infatuated: http://www.elitetrader.com/vb/searc...=3314291&sortby=lastpost&sortorder=descending
But you're probably right. Stalking a guy for 6 years and 570 posts is probably normal in your family.
F^cking skieve.