yeah but just having one 2k day is not impressive. consistently, though, thats a different story. anyone can have a day where everything lines up nicely.
Blotter Time (Put up or shut up)
- Thread starter Diamondtrim
- Start date
There certainly are people on this board making seven figures. You just don't hear them making a big fuss over it. Once you have the money, there is no need to engage in ego contests on anonymous message boards.
Generally anybody who does make a big deal about it is either a poser, a salesman, or someone looking to stir up trouble.
I am all for varying your bet size appropriately, I find that this one disctinction often makes the difference between making money and making great money. If you swing for the fences, you must be prepared to strike out, and in this business, that means you are out of business! (risking your entire account on one trade is foolish) I have seen many players fall by the wayside in the past 5 years, I do not want to meet that same fate, (I have a family, and came close once before, I will not allow myself to become complacent again
). My plan is to continue to trade profitably for the next five years, and more. Varying my bets, as the opportunites present themselves.Well, im wondering whether you just started trading...is it your first day today? Well, you see the way it works....sometimes the market has more volatility, and sometimes there is less...when you are trading prop on an interday basis, you are basically attempting to catch individual fluctuations in the stock price, this is easier on higher volatility days... Some days you make money, some you dont, and sometimes you actually loose money...making half a mil a year as a day trader is prety good, even by my book, but most of us who fall in the category dont really, make 2 thousand everyday, we trade the market for what it can give us, soemtimes walk out up 10, 15k sometimes down a few gees, or whatever....
anways, hope u learnt something...
also, anyone intersted in classes let me know on the thread dont send me PM's...
cheers
livingston,
I don't know why you feel the NEED to put down other people at the start. That's the first post you did on this thread. And I responded that if you think 2K/day is worth sh*t then just multiply it up for 250 trading days.
Yes, I've traded for 5years. And being in institutional buyside/sell side for a while now. And now back to research with some trading. And I've also done prop trading on an intra-day basis as well. So, yes, I know about volatility. Some days you are up huge 30-40K or even more. And some day you are not up much or even down.
But AVERAGING over all of those hills and valleys, if you can come out to 2K/day average then you are NOT doing bad. And it's worth some sh*t!
Why do every post has to be a pissing contest? Why can't people say anything constructive for once?
I applaud DiamonTrim and for doing and mschey very well. Keep it real!
Thanks Misc,
That is really what its all about. At the end of the day are making any money. Anyone on ET can say anything but the guys that post their blotters are just raising the bar for this board. I hope more people step up.
At first I thought this thread was kind of silly, as anyone can post any specific day that was good for them, which of course doesn't' tell the whole picture. This is what I did, posted a screen shot of a big day for me, as a laugh.
But now I can see that yes, there can be value in showing that there are a number of guys on here making good money on a consistent basis. The reason I say that is that there is just an overwhelming amount of negativity and complaining about the markets on these boards lately.
The complainers I don't mind so much, because they are actually worth a laugh now and then. But there are also a lot who are doing the work and have the right attitude and who have a chance of making it. I admire and root for people like that. I hope they get encouragement out of threads like this.
There are also those who are successful and who like to latch on to other successful people and try to make each other better. I've hooked up with a lot of good traders from this site and have learned and profited from what we've shared.
I was up over $500k last year. My goal this year is $20k a month and I'm running 14% below that. Not being egotistical, just that I don't have any issues talking about money. In fact I think that is a huge burden that hurts most traders. They can't let go of the issues that society heaps on us regarding money and income. If you really take offence at topics like this, you might do yourself some good by reading some trading psychology books and examining just what money and your p/l means to you as it relates to your trading.
And one other thing that differentiates the 'winners' in life from the 'losers'. Winners like to hear of and applaud the success of others. Losers are bitter about the success of others and wish that they would be losers like them. It's human nature, and another thing to examine in yourself if you got your back up because of this thread.
Today's been slow and boring for me. +$750 on 42,000 shares, but going in the right direction.
But now I can see that yes, there can be value in showing that there are a number of guys on here making good money on a consistent basis. The reason I say that is that there is just an overwhelming amount of negativity and complaining about the markets on these boards lately.
The complainers I don't mind so much, because they are actually worth a laugh now and then. But there are also a lot who are doing the work and have the right attitude and who have a chance of making it. I admire and root for people like that. I hope they get encouragement out of threads like this.
There are also those who are successful and who like to latch on to other successful people and try to make each other better. I've hooked up with a lot of good traders from this site and have learned and profited from what we've shared.
I was up over $500k last year. My goal this year is $20k a month and I'm running 14% below that. Not being egotistical, just that I don't have any issues talking about money. In fact I think that is a huge burden that hurts most traders. They can't let go of the issues that society heaps on us regarding money and income. If you really take offence at topics like this, you might do yourself some good by reading some trading psychology books and examining just what money and your p/l means to you as it relates to your trading.
And one other thing that differentiates the 'winners' in life from the 'losers'. Winners like to hear of and applaud the success of others. Losers are bitter about the success of others and wish that they would be losers like them. It's human nature, and another thing to examine in yourself if you got your back up because of this thread.
Today's been slow and boring for me. +$750 on 42,000 shares, but going in the right direction.
DiamondTrim,
And the amazing thing is you guys are doing it for a living! I remember how hard it to trade for a living. I'm very impressed with those who can actually do it day in , day out.
Despite my institutional background, I tried it and honestly, I didn't do as well as I wanted to. So, I'm just back to research. I still do trades here and there, but not anywehre as active or as big as before. Research is less stressful and less volatile than trading.
Don't let these supposedly blueblood institutional traders tell you otherwise. You are kicking asses if you can put up $2K/day consistently. That's hands down really good especially you are keeping 100% of your profits. Lots of big traders have the advantage of infrastructure and capital and technology and information flow. That's their edge. Without that, they are blind as a bat.
Keep it real!
