How many people here actually make a living?

Quote from Ms Varima-Garch:


i would be VERY SURPRISED if anyone, A SINGLE ETer, has made 50K or more for three years in a row, from their trading
More...

I saw an article about one trader that did the trick. He had exchange membership, black box collocation and access to insider info. After his interview in the market wizards, it had been revealed that he only made 47K in the second year, so I guess nobody on earth did it to date.
 
Rajeesh Gill has done it.. Most ETers think they are Rajeesh Gill just look at all the ambitious goals in the journal subforum.
 
A couple of ETers I know personally have made far more than 50K this week alone. They are very good at making high-probability directional bets, using some of their proprietary techniques.

Saying you can't make 50K is plain silly.
 
Quote from ashatet:

The best way to make money is to take a corporate job and create value, but how many people really want to make an effort into that.
More...
lol, to me this is the easy way out. You take the security of a pay check and stability.
An aspiring trader takes risk, gets no pay check, have all the downside risk, has to struggle to develop and backtest strategies and must also handle the stress of trading. THAT is an effort. If you think getting a CFA is hard work and making an effort, that's a break to me. Stay in that cindrella castel cuz there's a war going on outside.
 
Quote from total_keops:

lol, to me this is the easy way out. You take the security of a pay check and stability.
An aspiring trader takes risk, gets no pay check, have all the downside risk, has to struggle to develop and backtest strategies and must also handle the stress of trading. THAT is an effort. If you think getting a CFA is hard work and making an effort, that's a break to me. Stay in that cindrella castel cuz there's a war going on outside.
More...

+1
 
This is a very naive post.

Certainly provides evidence to the entertainment nature of the board!

Quote from Ms Varima-Garch:

why are you trying to spoil the fun by asking these questions? ET is an entertainment medium, not a gathering of successful traders

btw, your question is strictly prohibited by applicable forum rules. you are allowed to feel thrilled about trading, about brokers and about buying something.

you are not allowed to ask if trading is a profitable business, because this frustrates ETers.

i would be VERY SURPRISED if anyone, A SINGLE ETer, has made 50K or more for three years in a row, from their trading

in terms of capital, if you're a really good trader, you can aim at something like 20-30% annual return. you do the calculation, in terms of capitalization.

some people write about the markets, take michael covel, for example, with his famous work on the turtle movement. being an observer is a better position to be in, in my opinion

btw, there are some interesting trading systems offered by gilberto ruggiero of trader's studio. the systems are not free, but ruggiero's desire to understand something about intermarket relationships is quite sincere. before purchasing anyone's trading system, check out stuff in the public domain first. a simple MA crossover system may do no worse than a 'proprietary' system.

just read some articles by dr. brett streetbarger, and you'll get the gist of what trading is all about.
More...
 
Quote from HiddenAgenda:

A couple of ETers I know personally have made far more than 50K this week alone. They are very good at making high-probability directional bets, using some of their proprietary techniques.

Saying you can't make 50K is plain silly.
More...

Huge, steady gains are perfectly doable trading index futs. Accounts can be opened and traded for a few hundred bucks. The ideas that it's not doable or it takes a lot of money are both bogus. The idea that it's easy and somebody can learn it in little time without somebody pointing the way is possibly completely bogus. Otoh I've seen people that could encounter new software and never touch the manual and be up and running in just seconds almost... I worked with one of those guys, he was astoundingly talented. I could struggle for days to get to a level he could have in minutes. Perhaps there are people that watch a market for a brief time and they can trade it...
 
WHat a joker. Huge gains are relative assclown. Try making a living with a few hundred dollars as you do eloquently intimate. Another papertrading market watching tiger
 
You must log in or register to reply here.
Back
Top