Greatest Daytrader(s) in the world
- Thread starter WmWaster
- Start date
Quote from WmWaster:
The worst: -100% returns!
I know traders, due to market crash, who have run in bankruptcy. No one can be worse than them.
These worst guys are easier to spot than the best guy. You always don't know if it is the best even if it has 10000% returns. Someone may come with 10001% one day.
So who's the worst trader? Guy who continues to trade even if they bust 10000 times? Usually, people quit after a certain number of times...
Also, consistantly busting is unhuman... Our brain doesn't work that way. It's our instinct to learn from a mistake. Think about it, which is easier: Learning something or forgetting something.
They don't do too bad since they still have money to trade.
Some who has lost for 19 years has finally won.
I deem the worst trader is the one who lose eveything and go bankruptcy - they even have no chance to come back to the market, at least in the forseeable future.
That's about the worst.
Anyway, stick with the best now. We all like to be the best, not the worst!
I believe Steve Cohen is one of the best daytraders out there. Its been estimated that he makes over 120 million a year and I assume he is definitely worth over a billion from what i've heard. I read an article stating he is one of the most feared traders on Wall Street. Anyone care to comment on this?
there is a Paul Rotter interview from one of last years Trader Monthly issues here:
http://www.trading-naked.com/library/paul-rotter-trader-monthly.pdf
TM have him pegged at the $30-40m per year income mark in their top 100 traders issue this year, from scalping the Eurex Bund, Bobl & Shatz futures.
http://www.trading-naked.com/library/paul-rotter-trader-monthly.pdf
TM have him pegged at the $30-40m per year income mark in their top 100 traders issue this year, from scalping the Eurex Bund, Bobl & Shatz futures.
Interesting article on High risk day trading ....
http://business.timesonline.co.uk/article/0,,9556-2058141,00.html
http://business.timesonline.co.uk/article/0,,9556-2058141,00.html
I'm interested to know more about its profitability side. You know, someone who earns $5m with $5m is easier than those who has $5000.
And the losing streak (drawdown) may affect the strategy for capital-tight traders.
What're the principles of his trading system (eg trend-follower) anyway? You don't need to tell me the formula. Just the general principle.
It's difficult to understand how someone can trade so successfully. This is all done by a machine. Amazing!
Now I feel I'm very stupid to trade by myself.
