How much do the top ET traders make?

[DallasCowboysFan]

I believe many of the top ETers have left over the years. We had folks here from a number of the larger HF's and FO's. Regulatory issues and the frequent toxicity of the sight.

I wonder where the HF managers,
(not the 19 year olds that advertise here - the ones with MBA's from Harvard and Wharton)
and business journalists go online to get ideas and learn to feel the pulse of other investors.

I know they have a staff to watch CNBC and read annual reports, but I bet that they still go online and read forums and blogs.

 

[Sprout]

top traders don't earn same amount of money every year.

Their earning increases EXPONENTIALLY month after month.
And once trader is comfortable that he has reached financial freedom, he stops trading
and do something else.
Or perhaps he might continue to trade with reduced quantity just to pass his time.

On the right track. Comparative measures are on the time it takes in the doubling of capital as well as reducing risk.

CW is not the place to be looking.

Paradoxically, looking for the money is counterproductive vs achieving understanding and actually positioning oneself to ‘see’ the market’s system of operation.

Ymmv

 

[Nobert]

I'm glad someone else views this the same. Yet, gotta admit, its very a very clever name considering its a name that fit the market conditions at that time involving daytrading in which many people come here to talk about their illusions of grandeur...lots of talk in the beginning when this forum was formed by traders talking about the millions they've made.

Seriously, this forum begin when all of those day trade TV commercials showed up on our regular TV channels. Thus, it wasn't just only on the financial TV networks...it was everywhere.

Remember the Charles Schwab commercials before the daytrading boom ?

Loved the Stewart (TD Ameritrade) commercial

Later, the Etrade commercials came out and reminds me of Elitetrader.com (there's even a little education in the videos...shankapotamus)

I'm sure the above TV commericals inspire many to start daytrading and inspire a few to start forums with names like Elitetrader.com

Today, not as many TV commercials about daytrading but more serious (less funny) about usng mobile devices and apps to trade.

In today's market conditions and trading industry...a name like Elitetrader.com may be laughed at or ridicule...people elsewhere demanding to see the broker statements of its members.

Simply, Baron got the forum name and forum at the right time of the market...clever back then but silly today.

wrbtrader

Very nice - previous post, informative and interesting.

Forum name - i don't see anything silly about the name. Lentus has complained/whined in other topics as well, so him making jokes about the name was no surprise to me. (a some shape/form of victim mentality , my personal opinion & that can be cured, if one is agreeable and willing to do so)

Statistics remain the same - 1 out of 10. If one has a chances of 10% ( even less i guess) to make it and he does (and if not, sometimes loose life savings by trying) , such individual, is an elite in specific field.

And we do have in here, traders/investors who made it big. Professionals as well.

Some sort of Mair Barak or SA Market forecaster shows up - gets eaten alive ;
not because of hate, but because of bs, that the experienced ones - ain't gona tolerate.
(for the benefit of new people)

Maybe percentile has changed over the years tho, i don't have such data, most likely it is within the memory of elder members.

*******

I like how in the last add, at 0:22 they say ,, so you can strike when the time is right ''.

Or maybe shes working at Axe Capital , that would explain things, random girl, yoga student, in metro with pigeon on shoulder, no volume, shorting/averaging up ticker that isn't listed.
(maybe it gives access to OTC )

 

[Ilgan]

Lentus, good questions. I was just wandering the same, but could not find logical answer. It looks to me like some sort of PAMM account rather than sole trading. What do you think?

 

[322170]

 

[ironchef]

Over 8 years loosing money,,,, and this is my 1st year positive trading options ,, but my returns from January thru April have HUGE ...HUGE %% returns with a real account ,(daytrading and swing trading only)I trade very liquid stocks and ETF's and I don't trade penny stocks , ,,,I guess a lot have to do with the Uptrend for the same period in the US markets from January to April, from May to August I gave back 35% of my gains ,,,,,,,,,If you don't have a TREND you don't have nothing, you will be fighting the market,,,,, only 10 to 15% of the time the market shows a trend, hopefully this year I will end up in green....

I am puzzled. If you are trend following, this past decade (2009-2019) the market has trended up most of the time and if you trade the trend, on average you should be profitable, so why weren't you profitable?