How much do you REALLY make trading?
- Thread starter thunderbolt
- Start date
Question?
Here's yet another attempt to see if we can salvage something from this thread.
During 2002, I daytraded the ES and the NQ and averaged a bit under $2,500 per week. I trade 4-6 contracts and maintain a $50,000 account out of which I take all profits every week.
I also swing traded stocks off daily charts and averaged a little over $5,000 per month. Two thirds of those profits came in the fall. That account started the year with a little over $90,000 and I have left all profits in it to accumulate.
So far this year things look better, with both accounts.
During 2002, I daytraded the ES and the NQ and averaged a bit under $2,500 per week. I trade 4-6 contracts and maintain a $50,000 account out of which I take all profits every week.
I also swing traded stocks off daily charts and averaged a little over $5,000 per month. Two thirds of those profits came in the fall. That account started the year with a little over $90,000 and I have left all profits in it to accumulate.
So far this year things look better, with both accounts.
yes, and clearly you do it so well.
you are telling the truth here..
right up to the claim you make 15K a week, week in and week out.
THATS where it gets really really amusing
What time period are you on? 6:56 pm 3-13 hasn't even occurred yet, not in the US
Are you talking about a quarterly estimated tax filing? Are you in the US? What form do you use for that filing?
I make quarterly estimated tax payments, but I just send the IRS a check for 25% of my previous year's tax bill. That way I'm sure I won't have any penalties. But it leads to either a big refund or a big tax bill the following April depending on whether I was less or more profitable than the prior year. I'd like to calculate something more accurate.
