Im confused.. how much should I expect

[Specterx]

Quote from falcon:

Hi,

I know a guy who has been trading his own money for a few years now, he day trades commodities/futures with claims of 4% a month ROI equating to 48% a year !! With margin he can make twice that.

Im confused because Ive read and heard that some of the best traders make 20% per year day trading, so is he most likely exaggerating?

Best traders make way more than 20% per year, unless you're talking about folks like Soros or PTJ managing 9 figure+ sums.

Of course the average trader loses money consistently.

 

[Fireplace]

Hmmm, maybe you don't know EVERYONE in this world? Did you ever consider that?

Why don't you just focus on whatever it is that you do and stop being such a trading malcontent? All you do is complain about short term trading....you are WAY worse than these 'forex' folks you loathe so much.

Quote from Dalmation:

Hmmm, I don't seem to find any among the wealthy. Do they live under bridges or something like leprechauns?

These accomplished folks run and hide when asked to do something simple like post trades for 30 days on elite before the fact.... or maybe just maybe, they aint as succesful as their alias pretends to be?

Listen to DOn Bright if you dont want to listen to me-- he has seen everything and calls what you do gambling---( directional trading) his edges work with massive capital access, however.

 

[Dalmation]

Quote from Fireplace:

Hmmm, maybe you don't know EVERYONE in this world? Did you ever consider that?

Why don't you just focus on whatever it is that you do and stop being such a trading malcontent? All you do is complain about short term trading....you are WAY worse than these 'forex' folks you loathe so much.

speaking of FX: "The majority of people today are on a quarterly basis not doing well," Drew Niv, FXCM's chief executive, acknowledged in an interview

As I stated: LISTEN TO DON BRIGHT! he does KNOW EVERYONE and has SEEN EVERYTHING market related.

 

[Fireplace]

Nah, why would I listen to him or anyone else....I've been doing this over 13 years full time. I don't see any reason to change anything.

I appreciate your concern though, it's been noted.

Quote from Dalmation:



As I stated: LISTEN TO DON BRIGHT! he does KNOW EVERYONE and has SEEN EVERYTHING market related.

 

[Dalmation]

Quote from Fireplace:

Hmmm, maybe you don't know EVERYONE in this world? Did you ever consider that?

Why don't you just focus on whatever it is that you do and stop being such a trading malcontent? All you do is complain about short term trading....you are WAY worse than these 'forex' folks you loathe so much.

Hmmmm. Instead of directly challenging my claims with facts you challenge the messenger. Typical Tactics of those in fantasy LANd. Let's see proof instead of rhetoric

 

[falcon]

Im glad yet surprised my question stimulated such great discussion, much appreciation to all who have posted.

 

[Fireplace]

You don't seem to get it do you? I'm not interested in satisfying the malcontents here, I'm posting to encourage those who are close to breaking through, that profitable day trading is very real and can be very lucrative. I'm sorry this bothers you so much, why don't you try not looking and see if that helps.

Quote from Dalmation:

Hmmmm. Instead of directly challenging my claims with facts you challenge the messenger. Typical Tactics of those in fantasy LANd. Let's see proof instead of rhetoric

 

[Dalmation]

Quote from Fireplace:

You don't seem to get it do you? I'm not interested in satisfying the malcontents here, I'm posting to encourage those who are close to breaking through, that profitable day trading is very real and can be very lucrative. I'm sorry this bothers you so much, why don't you try not looking and see if that helps.

Ofcourse they exist but they work with firms with access to big capital and edge. The at home retail guy making coin starting with nothing is a myth.

 

[Fireplace]

Well, you keep on believing whatever your little heart desires, makes no difference to me.

Moving on.....

Quote from Dalmation:

Ofcourse they exist but they work with firms with access to big capital and edge. The at home retail guy making coin starting with nothing is a myth.

 

[Dalmation]

Why do you refuse to acknowledge the expertise of Don Bright in this regard?

I don't care what you think of me, but for you to ignore the words of a proven entity in this field is moronic. You are the one who is seriously misled. Unless of course you have neofarious alternative motives which is becoming more likely the more you post.