How I Made $180M in 6 Months Trading Natural Gas
- Thread starter Baron
- Start date
Exactly.
2 pages with speculation and nobody have bothered to see the actual video before posting. LOL.
I'll watch it tomorrow if anyone doesn't provide the Cliff's Notes by then.
Doesn't seem unlikely to me considering the wild moves in energy over the last year or two if he traded with high leverage and pyramided into positions. Question is of course if it was a lucky run or if he have any consistency in his trading. Either way, he's set by now unless he blows it.
One of the top taxpayers for a longer period in Norway was a retail trader trading electricity futures. Started out with 20K some 15 years ago and accumulated a fortune (over a billion NOK which is around 100M USD). Incredibly, he blew the entire fortune on one single trade. From rags to riches and back to rags.
EDIT: Found this online in case anyone's interested. There's no reason to doubt that this guy was the real deal at least.
https://www.moneymakers.com/einar-aas/
I did watch the video entirely before posting, so that "nobody" filled your mouth completely, my man.
So after watching the video, I would say its legit. But, the guy isn't really trading futures, as another poster pointed out earlier. He is more so arranging for physical delivery and using almost arbitrage-like opportunities in order to make money.
Also, the quoted figures of dollars made and lost are I believe for the firm. I didn't get the impression that this was just his cut. How much of the 180M he gets to keep I have no idea.
I think the key to what makes him good is that he doesn't have a connection to the emotional reaction of a win or loss. The guy isn't stone cold, as can be seen in the opening few minutes where he gets chocked up about talking about his life back in El Salvador. But when it comes to trading, he says he has no reaction if he losses big or wins big.
The other nugget is that when he feels he is right, he doesn't take small profits and just lets the trade ride. He said if he thinks he can make a million, he won't just settle on a 10k profit. I read about this as well in Trader Tom's book, and lots of successful guys repeat the adage which goes something like "90% of the profits are made from 10% of the trades". So its important to have conviction and stick with it. Oh, and he credits an ability to take the opposite side of the trade as well. So stick with it if you know you're right, but if you can see you're take, take the other side.
But outside of this, I'm not sure how much he can teach any of us about sitting in front of a computer and trading an NG or CL contract.
Also, the quoted figures of dollars made and lost are I believe for the firm. I didn't get the impression that this was just his cut. How much of the 180M he gets to keep I have no idea.
I think the key to what makes him good is that he doesn't have a connection to the emotional reaction of a win or loss. The guy isn't stone cold, as can be seen in the opening few minutes where he gets chocked up about talking about his life back in El Salvador. But when it comes to trading, he says he has no reaction if he losses big or wins big.
The other nugget is that when he feels he is right, he doesn't take small profits and just lets the trade ride. He said if he thinks he can make a million, he won't just settle on a 10k profit. I read about this as well in Trader Tom's book, and lots of successful guys repeat the adage which goes something like "90% of the profits are made from 10% of the trades". So its important to have conviction and stick with it. Oh, and he credits an ability to take the opposite side of the trade as well. So stick with it if you know you're right, but if you can see you're take, take the other side.
But outside of this, I'm not sure how much he can teach any of us about sitting in front of a computer and trading an NG or CL contract.
So, is it real? You would surely not post random YouTuber videos of kids claiming they made 140mln?
He did say something that is worth the whole video, "the CL market is a driver for the NG market". It is up to us to study that correlation, but to know that there is a driver in that market is something worth knowing.
The only way how this is possible while being a trader on such a firm, is scaling in and compounding on your profits. So he made big bets when he was in the gains thus increasing his position to the max. leverage he can get. That way it is certainly and always possible because you are only risking your gains so far. That is the only way how a firm could tolerate big position sizes. Otherwise he could not make 9-figures within a year.
I checked the wrong symbol.But on a 150K daily volume I guess is is still not easy to move 180M.
Actually I am very interested to know the highest capital one can swing trade or daytrading on 150K daily volume.
NG is the most suitable instrument to swing trade.Most profitable instrument.
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1. 150K volume is about
150K + $50K = $7.5 billion worth of NG per day
2. Futures trading is leveraged.
Anyway, the person in the video is trading physical NG, not futures.
If he were to trade NG futures, he should be earning
billions, not millions.
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Why you take $50K for a contract? Maintenance is only $4500.