So in order for me to make 15k per week I have to reduce sleep time.
Aye aye captain.
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How much do you REALLY make trading?
- Thread starter thunderbolt
- Start date
So in order for me to make 15k per week I have to reduce sleep time.
Aye aye captain.
Quote from azzie:
With 400K (assuming 1 to 4 buying power) to make an annnual return of 12 times 60K is not very unrealistic.
I live in a small country in N-E Europe and I personally know 3 local guys, who make over 200% in annual return with trading accounts between 100K - 200K USD.
when?
Quote from Marc to Market:
I see, so it's so "extraordinarly rare" that someone makes $15K a week in 2003, but it's apparently extremely easy to have made $10K a week in 2002? You don't seem to be making much sense.
Marc
Umm, actually yes (although I would still assume that some weeks/months were better than others). Everyone i know of who has been trading for many years says this is the toughest they've EVER seen it (at least those who started in the last 15 yrs).
Quote from CalTrader:
....
Amusing thread .... There are a lot of professional traders about .... If everyone was losing money then how is it that all of these people are in the industry ? If its all a losing game why would anybody bother ? Think about it for a minute and then think twice before you automatically assume that winning claims are invalid.
.... My opinion: there are a lot of people that really are not professional traders that post on this board and there are a lot of sales people and students posting . Another point: Unless you are selling something why would you post your winnings ? Also, if you really are a pro you might indicate that in your profile ... although I think the posts serve to distinguish those who actually do trade professionally from those that dont ....
Believing that some people are making a good living is easy. But when some people make claims here that would put them in an elite class OF an elite class of traders (even more so when considering claims of weekly consistency in making $15g in 2003), it must be taken with a huge shaker of salt.
MARC TO MARKET..
In my opnion you are full of it. How can anyone make 100% a day scalping.... in order to do this.. you have to take extreme risk... it just doesnt make sense... Taking the risks you are talking about it.. would blow you out with a few bad trades...
--MIKE
In my opnion you are full of it. How can anyone make 100% a day scalping.... in order to do this.. you have to take extreme risk... it just doesnt make sense... Taking the risks you are talking about it.. would blow you out with a few bad trades...
--MIKE
Quote from stock777:
What's more interesting, it that we have all these claims of 100%-300% annual returns, but virtually NO ONE seems to be able to do that in a public setting, where it can be verified. Not talking about the random contest winner, that emerges out of a pack of 100's of 'entrants'.
Not saying it can't be done, just that the number of claims is far beyond the possible.
And in many of these constests, contestants take the biggest gamble knowing that this gives them the best chance of winning one of these competitions sooner or later. Its like the NCAA pool. If the pool is big enough, the only way you will win is to pick several upsets and hope you pick the right ones!
Quote from Marc to Market:
Well I see what you're saying, but I'm definitely not a "professional" trader. In reality, I'm a 22 year old college dropout. I go out to all hours of the night partying with my friends and often get only 2-3 hours of sleep during the week. I have a homemade P4 machine that I put together myself with a single 19" flat panel monitor. I use a cable modem for internet access instead of something dedicated like a T1. Hardly a professional!
Marc
impressive. And yet you would rank among the top .1% of professional traders (maybe better), especially with the consistency you claim.
Quote from MRWSM:
Marc, No need to get defensive about it. LOL I'm currently using a 100 to 200% unsubjective strategy for safety. But I have a 10,000% strategy up my sleeve I'm not ready to use yet, so your measly 600% strategy wouldn't phase me. LOL But I do see where you're coming from, no need to expose the secrets.
Most people would believe losing $15k in a week, so making $15K is just as possible, so I believe you could be for real. Just not probable because 90% of traders lose so folks don't try this at home. LOL.
Ummm, just because people lose a given amount doesn' t mean it is equally possible for someone to MAKE that same amount. It is far easier to lose than to make money, especially with commissions and MMs or specialists. $15g a week, consistently, in 2003 isn't impossible, but it is extraordinarily rare among traders, let alone among 22 yr old dropouts trading on 3 hrs sleep with a cable modem and a single screen.
Quote from Marc to Market:
I guess they're not scalping stocks like me. I can scalp stocks in any kind of market and make the same kind of consistent money. It doesn't matter because the stocks I trade don't generally move with the overall markets.
Marc
oh ok. well as long as that is clear. So what you are trading moves roughly the same, with the same range and good volume, week in and week out (and year in and year out). No wonder you don't want to give up any information on these magic stocks.
Marc,
Why dont you just make a journal and show us humans the type of stocks you trade... just an idea of what your trading is about....
--MIKE
Why dont you just make a journal and show us humans the type of stocks you trade... just an idea of what your trading is about....
--MIKE