In every thread you posted you have lost money........
I think that is all we need to know...
Continue as you were being dense as a brick
I am well north of 5K btw
From $5k to $50k
- Thread starter Money Trust
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In every thread you posted you have lost money........
I think that is all we need to know...
Continue as you were being dense as a brick
I am well north of 5K btw
I consistently make make money. You consistently lose money..... this is a fact
i never said I was trading 5K, that was the OP. Why do you have such poor reading comprehension?
Regardless if I had the choice of making 1K versus your result of losing 43K I am pretty sure people will choose the system that makes money
Still waiting for you to post your track record..... waiting.......
Fine, i'm going to upgrade you by 10 fold to $50k which i don't believe,but what the hell. 36% on 50K is 18K. Again, it's not something you can live on. That chap schizo (for all we know has only $5k) is on course to make $90k, which is respectable. For you to do that would require $250,000. Do you have it?
Yes, I am well north of 250K, but I started well below it. I already know I can place only 1-4 trades a month and consistently make more and more and more.
As I stated earlier which you obviously did not read
With a 2% monthly return, your investment grows at approx 25-26% per year. Start with with $10,000 and obtain that return. Then every year invest 5,000 additional dollars. You will be near $1million in approx 15 years
Schizo is a great trader, no doubt about it. But why do you bring him up. This is about your trading record not his
But you still have not posted your track record.... waiting.....
You wanted evidence of someone making 19% a month. This is why i mention schizo. I assume he makes at least $1k a month (as stated he made $1.8k this week alone) day trading 1 contract of the emini. AFAIK, you only need $500 day trading margin for 1 mini. So i can assume he only needs to have an account of $5k (he probably has more but it is not required). Hence he makes 20%+ a month. QED.
I don't know how many times i have to point out to you the difference between a $5k account (on which 20% a month is a mere thousand dollars) and a million or billion dollar acct on which 20% a month is rather a lot more.
You call me dense .. but i think you need to look in the mirror!
I don't know how many times i have to point out to you the difference between a $5k account (on which 20% a month is a mere thousand dollars) and a million or billion dollar acct on which 20% a month is rather a lot more.
You call me dense .. but i think you need to look in the mirror!
You are not Schizo..... he makes money, you lose money, big difference......
Reread this again. You seem to lack understanding of basic math and the ability to compound.
With a 2% monthly return, your investment grows at approx 25-26% per year. Start with with $10,000 and obtain that return. Then every year invest 5,000 additional dollars. You will be near $1million in approx 15 years
If you can earn 3-5% a month you can make 1 million in approx 7-8 years, Starting with 10,000 which is what is required for an IB account so I know lots of people here have that much.
So to anyone out there with a 10K account, you can make it over 1 million, I did it but I went smooth and steady. i learned daytrading was not going to work for me after a few months
But you still have not posted your track record.... waiting.....
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chubbly, it looks as though you're making this personal. This started as a simple discussion concerning what may or may not be possible trading a highly leveraged futures instrument with a relatively small (to the amount of product controlled) capital. You're a smart guy, and, in my opinion, so is visaria. I'm sure I'm not alone in thinking this is (or, in some form, could be) an interesting discussion, but it become productive only if we stick to the topic and not resort to personal attacks to make points.
I'd love to try something like this in a journal here at ET, because I happen to believe you could start with just a small amount and do wildly well. I don't do it for two reasons: I think announcing my trades publically might affect how I manage them, i.e. I might be tempted to stray significantly from doing what it is in best interest to do for the sake of public appearances; and 2) this thread itself is a perfect example of what one can expect from the audience.
Anyhow, this topic interests me, and I'd really enjoy someone making a sustained attempt starting with a small capital (and why so generous as $5K? How 'bout trying it with just a grand or two?) to do it in a journal and commit to maintaining the project for a pre-determined set time period. Or bust
chubbly, it looks as though you're making this personal. This started as a simple discussion concerning what may or may not be possible trading a highly leveraged futures instrument with a relatively small (to the amount of product controlled) capital. You're a smart guy, and, in my opinion, so is visaria. I'm sure I'm not alone in thinking this is (or, in some form, could be) an interesting discussion, but it become productive only if we stick to the topic and not resort to personal attacks to make points.
I'd love to try something like this in a journal here at ET, because I happen to believe you could start with just a small amount and do wildly well. I don't do it for two reasons: I think announcing my trades publically might affect how I manage them, i.e. I might be tempted to stray significantly from doing what it is in best interest to do for the sake of public appearances; and 2) this thread itself is a perfect example of what one can expect from the audience.
Anyhow, this topic interests me, and I'd really enjoy someone making a sustained attempt starting with a small capital (and why so generous as $5K? How 'bout trying it with just a grand or two?) to do it in a journal and commit to maintaining the project for a pre-determined set time period. Or bust
I am not taking this personal. Sorry if it sounded that way. Not my intention.
The point I was trying to make is that slow and steady wins the race the vast majority of the the time, there will always be outliers like Schizo who are masters but he is like a Micheal Jordon of day trading.
I am trying to give advice that the masses can use. I took a 5 figure accout to 7 figures by just being slow and steady. No giant risks, strictly adhering to never violate the Kelly criterion.
You can do it as well, step back, read those 11 points Visara's mentor wrote. There is actually good wisdom there
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That is an awesome accomplishment. Congrats!