Has there ever been a single documented case of profitable live trades?

Quote from trendo:

The longer you are consistently profitable, the more likely you were taught a method that made room for realistic fills. So you either did your due diligence to determine if the fills were realistic or were just fortunate that you were dealing with an ethical teacher. This all begs the question of why the teacher didn't take any live trades.
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What difference does that make to you? The objective was to make you a profitable trader... and you are a profitable trader in this example.

Bottom line: the market doesn't care who does execute, who does not and who cannot. The market rewards for personal performance, only.

Too many failed traders waste their time lamenting about drivel that has no bearing on their failure, and too little time invested on what it takes to make them personally succeed :)
 
Quote from austinp:

What difference does that make to you? The objective was to make you a profitable trader... and you are a profitable trader in this example.
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Yes, the objective was met. But wouldn't you wonder, even a little, why the teacher was using a sim account?

Quote from austinp:

Bottom line: the market doesn't care who does execute, who does not and who cannot. The market rewards for personal performance, only.

Too many failed traders waste their time lamenting about drivel that has no bearing on their failure, and too little time invested on what it takes to make them personally succeed :)
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True dat. :cool:
 
Quote from NoDoji:

Whred, why do you want to see live videos of profitable day trading? You'd have to see someone pull it off every day for a long enough period of time to encompass varying market conditions (bull, bear, strong trend, wide channeling trend, wide and narrow chop/range) to draw the conclusion that the trader is consistently profitable, so seeing a video of someone trading one or even several sessions net profitably shouldn't serve as "inspiration" to others that it can be done.

My true belief that it could be done came from a couple sources here on ET:

1) The 2005 P/L thread where Szeven gets his feet wet and Red_Ink is "only" making 3-4 figures a day http://www.elitetrader.com/vb/showthread.php?s=&postid=768843#post768843

and 2) following the live calls of a couple traders (Robert Weinstein and Geez) every day for the better part of a year (BTW, there could not have been two more different traders, but both proved themselves net profitable over a long period of time despite each of them taking devastating hits, one due to an order entry error and the other due to blatant fraud.)

Also, I'm definitely NOT the twittering NoDoji :p
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Apologies, then, NoDoji, we know now who the imitator is.

I'd still love to see your trades, but I think you'd been trading in stocks and stay away from futures.
 
Quote from tobbe:

Correct me if I am wrong, but the NoDoji here at elitetrader does not use twitter. There's someone at twitter with the same name, but that's someone else.
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Ah. I stand corrected.
 
two of the biggest failure traps that ALL traders fall in and too few emerge from:

#1: a belief = desire = need to trade all day, every day, every market wiggle, every blip, every twist and turn. Until a trader realizes that approach is false, they will keep themselves forever churned.

Want third-party proof? Read Lescor's thread from 2010 where he claimed high six-figures profit result. Along the way he remarked numerous times that many = most days he was done trading by noon, that most of his neighbors and friends must think he's a "slacker" for never being at work.

#2: a belief = desire = need to believe that being net profitable each and every day is important, or that it even matters at all.

Want third-party proof? Read Lescor's thread from 2010 where he claimed high six-figures profit result. Along the way he logged a daily profit/loss ratio of something near 50% when the scratch days were backed out

Too many aspiring traders think they have to "figure out" the market vagaries every single day, or they are doomed to fail. Who here could live with being profitable half the days and unprofitable half the days in 2012... with an overall result of solidly profitable in the end?

Two of the biggest, oft-repeated, rehashed fallacies in our profession right there
 
Quote from whred:

I was curious if there was ever a single case of someone who claimed to be able trade profitably, to actually do it live and in front of a camera. I ask because there is tons of material on people claiming to, and even videos where they claim to, but not a single video showing them do it.

I've read about a broker that retired, who revealed at his retirement party that in decades on Wallstreet, he had never had a single profitable client. In Gary Smith's book "How I Trade For a Living", he recounted how after taking numerous classes with "gurus", he had never seen one actually make a live trade.

I asked TheRumpledOne if he would do it, since he was already making videos about how to trade, but he declined. Perhaps someone else wants to be the first to step on the moon?
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I heard of some brothers, I think their name was Bright or something like that... they had a school and taught people to trade and made a nice pile of cash trading their own money too... I think they had a thread on ET or something...
 
Quote from trendo:

Yes, the objective was met. But wouldn't you wonder, even a little, why the teacher was using a sim account?



True dat. :cool:
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Brandon Frederickson used to make live stock calls in his chat room, while admitting he wasn't trading them. His explanation was basically that he was able to be more objective in the process. I think he said he was trading index futures for himself.

I was only a free trial guy for about a month, but I remember some damn nice calls from him. Whatever works.
 
To the OP,

If you want to find out if trading can be profitable, Read the "Market Wizards" books for some inspiration of what is achievable in this business by the fortunate few.

Google "Paul Rotter" and read his interview.

I'm not saying this business is easy by any means, but from these sources you will see what is possible.
 
Quote from bwolinsky:

I'd still love to see your trades, but I think you'd been trading in stocks and stay away from futures.
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I've posted a lot of trades on ET and also posted a lot of charts with my trades noted. I've been doing the same price action style of trading for a little under two years now, and I only day trade futures (I swing trade stocks/options).

With regard to how I trade and how I manage trades, there's nothing I could post now that I haven't already posted.

Almost every setup I trade is found here (and also in Al Brooks' book for those who want the graduate-level course in price action):

http://www.daytradingcoach.com/daytrading-technicalanalysis-course.htm
 
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