Greatest Daytrader(s) in the world

Quote from diligent:

i know a guy who is hugely succesful with an automated system - operates out of florida (for lack of taxes) and supposedly makes on the order of 20k/day.

he has multiple t3s to his office and has hired a full-time programmer. i have seen his outrageous condo and i hear he has off-shore accounts and the whole nine yards.

he made his money on the NAZ runnup of 97-00 and succesfully parlayed it into an automated system that is hugey succesful.
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Whoever believes the story written above is RETARDED. :eek:
 
This thread is really informative. While reading all writen posts I gained much information about traders who I really didn't know until today.
My opinion about the greatest daytrader is that, any trader in his/her life leaves overnight position sometimes.
Everyone knows this statement: The more risk , the more return.

A.T.
 
Quote from RedDuke:

Love this sentence. I stop trying to predict even next minute. One of the things that helped me a lot was Mark Douglas “Trading in the Zone�. Since no one knows future, I see a set up and I take it. If it works great, if not, I have a small loss or BE, and wait for the next one.

redduke
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Agree Three :)

Why predict so long?
You don't need to, as a daytrader.

Every second, market is giving information to you about its trend, where to go etc.

I might say something like from yesterday that the index may rise. But as soon as the market tells me wrong, I'm glad to eat my words.

My mind may change even in a second. NOT right! It should be in a tick. :D

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When I predict in a longer time frame, I also think of in what way the market performs will prove me right.

In addition, I also think of in what way the market performs will prove me wrong.

In this way, I won't be stubborn enough to stick with my prediction when the market tells me wrong.

There're clear rules as to what I should do when the market does the opposite.

I won't let my losses to grow so big. I cut it fast.

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All are my 2 cents anyway.
 
Quote from goodfellow:

Whoever believes the story written above is RETARDED. :eek:
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Can an automated trader gain as much as or evern more than a manual trader?
 
Quote from WmWaster:

Can an automated trader gain as much as or evern more than a manual trader?
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Do you believe in Santa Clause? Did you see Elvis at the gas station yesterday?
 
Quote from goodfellow:

Do you believe in Santa Clause? Did you see Elvis at the gas station yesterday?
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Do I believe in Santa Clause? --> No! :(
Did you see Elvis at the gas station yesterday? --> Who is Elvis? There're many Elvis in the world. :D


The story told by diligence is interesting.

20k/day -> 7,300,000/year

Throw money in and gain huge. :p
Why manual trade then? No point!

Not sure how much does this guy put to achieve 20k/day.
 
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