How much do you REALLY make trading?

Quote from Marc to Market:



Nope, there were a few days in July where I doubled my account. From about $5K to $10K and then the next day $10K to $20K I believe. I'd have to look it up to be sure.

Marc
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this is getting better all the time...


10-25-02 10:58 PM

Net around $440K, but Uncle Sam will of course be getting a nice chunk of that.

Marc

(that post is here)

so, $5k in july to $440k by start of november -- HOLY TOLEDO

(ok, you claim you started in about july '01, so i guess a year's trading counts)

oh, and what sense does it make to say you were making $10k/weeek in '02, when for the first 6 months you were either losing or not making anything?
after turning profitable, you've been making more like $20k/week. (taking a bit of a hit in '03 i see :D)

marcymarket, if you really are doing that, all the best to you. if i was in your shoes, i truly would not give two fucks what any had to say about it. i seriously doubt whether i'd even bother hanging out on ET at all... in fact, i question why i do anyway (well, chit chat is fun :D)

ps - personally, i don't believe your claim. it could definitely be true, and really, it's not nearly as outrageous as 'Boat makes it out to be, but, given some of your other statements, i really have to doub it.

eg: (taking out my max401 sleuth kit)

books on scalping -- if you're making that much of a killing, what in the world would u want a book for?

"sites" that show volume? er, you never realized that this would be best done through your own market data software?

isld down isld had NEVER been down in the year and a half before this?

bought a house you'd been profitable for MAX two months and you already went and bought a house?

er.. no comments...

2 PCs? no biggie, but kinda contradicts your recent post about having only 1 pc and cable.
btw, you pay per ticket and get liquidity rebates? that is some sweet deal..
 
Marc,

I got $100K (all the cash I have) to say u are bluffing 15 thousand plus members here on ET. I know $500 bucks is pocket change for u so how about that $100K? Since we are talking about all the cash I have, I'll give u a 1 to 1 odds. No 22 yr old kid could ever snow me yet and I dont think u will either.

We'll set up an escrow account, have a lawyer draw up the agreement and winner take all. This will be the easiest bet of my trading carreer.

So please, prove me and the rest of us wrong that u are pulling in $15K per week in the last 2 months. If u turn me down then I consider this subject done.

Are u a cowboy with no hat?

For new members, this is why ET is such a fun site. Education value? Maybe 5% worth. Good luck to all members.
 
Quote from le140:

Marc,

I got $100K (all the cash I have) to say u are bluffing 15 thousand plus members here on ET. I know $500 bucks is pocket change for u so how about that $100K? Since we are talking about all the cash I have, I'll give u a 1 to 1 odds. No 22 yr old kid could ever snow me yet and I dont think u will either.

We'll set up an escrow account, have a lawyer draw up the agreement and winner take all. This will be the easiest bet of my trading carreer.

So please, prove me and the rest of us wrong that u are pulling in $15K per week in the last 2 months. If u turn me down then I consider this subject done.

Are u a cowboy with no hat?

For new members, this is why ET is such a fun site. Education value? Maybe 5% worth. Good luck to all members.
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While I was the first and have been the most active in saying that Marc is full of it, and although I am many years older than 22, I do have to say that in the right market, with an exceptionally talented 22 yr old, with the right tools (leverage, equipment, etc), and a bit of experience, there are 22 year olds who have been capable of this. But this 22 yr old isn't doing it in 2003 on 3 hrs sleep from home, trading with fairly limited capital, limited experience, one monitor, and earning $15 g per week consistently every week by supposedly scalping stocks while not watching the market much of the time).
 
Quote from thunderbolt:



Since you asked, fiscal year 2002: $92,156.23 net. That's minus commish, chat service and data feeds.

Regards,
BOLT:cool:
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you run a chat service?
 
I don't use high tech bullshit like a lot of the traders on here use, therefore no "market data software." My trading is pretty basic and primitive.

market data is hardly "high tech bullshit". you get your price from SOMEWHERE don't you? (or maybe you're so good that you don't need live prices :D)


Yes, I bought a house. Why do you keep making these false assumptions? Did it ever occor to you that there are other sources of income for traders other than trading profits? DUH! I happen to be in real estate as well.

like i said, this story just keeps getting better and better. :)

you're sleeping three hours a night, partying away, scalping stocks and now running a real estate book too? this is gold! :)


Did it EVER OCCUR TO YOU that I may have sold or gotten rid of a computer in the past year? Jesus Christ, is someone allowed to do that without fear of "contradicting" themself on an ET thread?

well, given how adamant you were about having a back system, with a backup isp, i do find it strange that you would just go and dump one of them. but like i said, i don't consider that one a really big deal.

short of offering up proof, i dont' think you could convince me that you are doing what you claim you are.
and i do happen to think that if you WERE actually doing it, you would not care one little bit about anything i, or anyone else, said about it. given that you keep trying to defend yourself, i'm even more inclined to believe you're BSing.

i can guarantee you if i was bringing in 15Gs a week, you wouldn't find me here sifting through the BS on ET, let alone trying to convince some dickhead that i'm really doing it. but, we're all different.

if you're doing it, all the best to you. if you're not, i hope you get there.:)
 
Can the moderator close this thread already...

its getting old .. and really stupid.

Who cares if he really makes that much or if he is full of it... This thread has absolutely no added value to any trader..

THe whole thing is just a big pissing contest.

OK Marc we believe you.. you make $15k weekly (yea right!).. good for you.. who gives a f-ck?



--MIKE
 
I will always stick to my theory that the smarter you think you are the worse trader you will be. Especially on this site, the smarter the poster appears to be is usually disproportionate to their income.
Then there is someone like you. Trying to prove that the opposite is true. Is it possible that you can make 15k a week in this market? Absolutely. Is it possible that someone can make 15k a week doing it as you described? Absolutely. Are you actually doing it? Maybe.
The one thing that keeps raising my BS meter however is how defensive you keep getting. If you are telling the truth, take a good look at the results of the poll and tell me why you give a flying **** what these guys think!
 
Quote from daniel_m:



Yes, I bought a house. Why do you keep making these false assumptions? Did it ever occor to you that there are other sources of income for traders other than trading profits? DUH! I happen to be in real estate as well.

like i said, this story just keeps getting better and better. :)

you're sleeping three hours a night, partying away, scalping stocks and now running a real estate book too? this is gold! :)
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:)
 
Quote from Marc to Market:

Why do so many people here think that the people who make big money (like $15K a week) are above everyone else? Comments like "I doubt they'd be on here" or "I doubt they'd need to defend themselves" lead me to believe that people think those who make $15K a week are considered to be almost celebrities. Yes I make $15K a week, but I'm the same exact person that I was when I was nearly broke back in July. I didn't change much at all and neither did Sam Walton. Not ALL people let money go to their head.

Marc
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Wow, you and Sam Walton are sooooooo down to earth! :)
 
Quote from sdtrader:

I will always stick to my theory that the smarter you think you are the worse trader you will be. Especially on this site, the smarter the poster appears to be is usually disproportionate to their income.
Then there is someone like you. Trying to prove that the opposite is true. Is it possible that you can make 15k a week in this market? Absolutely. Is it possible that someone can make 15k a week doing it as you described? Absolutely. Are you actually doing it? Maybe.
The one thing that keeps raising my BS meter however is how defensive you keep getting. If you are telling the truth, take a good look at the results of the poll and tell me why you give a flying **** what these guys think!
More...

Actually, making $15 g consistently (weekly) in 2003 with the leverage, style, tools and experience he describes is close to impossible.
 
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