Consistently Profitable Day Traders
- Thread starter Norm
- Start date
I started in 2000 with $8,000 in debt (not from trading) at a prop firm that took traders with no money.
2001 I made 90k.
02 to 03 130k. Half of 03 to 04 50k.
(I can count the number of down months on one hand)
From Aug of 03 until now I have taken some time off to start a mortgage company in order to profit from the real estate boom and flip houses.
Since I had no money to start trading with, my commission where high 1.25 cents to 1.5 cents per share. I also had to give 25% of my profits to the prop firm. My day trading income was after commissions and split.... I traded 50 to 100k shares a day so I would have made much more with today's commission rates (my income would have doubled).
Now that my business is set up and I have some one in place to manage the day to day details I plan to start day trading again (among other things). Why? Because I KNOW the potential.
Yes many fail, the same can be said for any business venture. But I KNOW what the potential is............
2001 I made 90k.
02 to 03 130k. Half of 03 to 04 50k.
(I can count the number of down months on one hand)
From Aug of 03 until now I have taken some time off to start a mortgage company in order to profit from the real estate boom and flip houses.
Since I had no money to start trading with, my commission where high 1.25 cents to 1.5 cents per share. I also had to give 25% of my profits to the prop firm. My day trading income was after commissions and split.... I traded 50 to 100k shares a day so I would have made much more with today's commission rates (my income would have doubled).
Now that my business is set up and I have some one in place to manage the day to day details I plan to start day trading again (among other things). Why? Because I KNOW the potential.
Yes many fail, the same can be said for any business venture. But I KNOW what the potential is............
Seems like it might be possible, but I'm not familiar enough with forex to say. I, personally, don't know of any forex daytraders managing $1B+, although I'm not saying that there aren't any. I still suspect that anyone managing $1B+, in any markets, will almost certainly be longer term than daytrading (i.e. average trade length longer than one day).
-Eric
So have you made 100M - 500M, or have you just "chosen" not to apply yourself?
Quote from Samson77:
If I did I certainly wouldn't be in here chatting about all this nonsense with you guys ...
So then you just haven't applied yourself, right? Because you made it clear that if you wanted to make 100M - 500M, you could. Just like that. In fact, "any moron" could, simply by applying him or herself.
Quote from winter:
Whoa there. Samson clearly said that morons can only make 3-5 million by applying themselves.
My mistake. But now we know that Samson has made multiple millions, although by his own admission he hasn't made any "real" money.