Is it possible to make $50 to $70 per day with a 4K account in YM ??

[sunggong]

Quote from GTS:

LOL, so let me get this straight, as someone who disagrees with you there are only two possibilities:

(1) I have never tried trading YM and therefore do not have any basis to comment on the feasibility of what's being discussed

(2) I have traded YM but could not pull $60/day on a $4k account so that makes me a bitter failure

So basically this is a "have you stopped beating your wife" question?

So what is your story - are you able to pull $60/day in YM or have you never tried?

Yawn... Keep digging. The hole is getting deeper.

I guess you better stick to your dayjob, which pays more than $600 per day average yet you don't have to do jack.

Man, this is some funny stuff.


Edit: I'll stop posting here since due to my respect to other posters. Don't want to keep bumping up this thread because of one idiot.

 

[JimmyJam]

Quote from GTS:

LOL, so let me get this straight, as someone who disagrees with you there are only two possibilities:

(1) I have never tried trading YM and therefore do not have any basis to comment on the feasibility of what's being discussed

(2) I have traded YM but could not pull $60/day on a $4k account so that makes me a bitter failure

So basically this is a "have you stopped beating your wife" question?

So what is your story - are you able to pull $60/day in YM or have you never tried?

GTS, if you stopped being so defensive and negative you might actually take away something of value from the thread ... and BTW, if I were you, I would seriously consider getting rid of that shitty data feed you have that keeps going out on you.

MBT Trading is a Pice of Crap

There's no way you can even hope to even be considered anything more than a PIKER in this game until get the proper infrastrcuture in place, much less learn how to trade, and use the proper money management algorithms (uh, sincere good luck with the last one, most people who don't aspire to trade for a living on an intra-day basis ever figure it out).

The Truth is Revealed

Jimmy Jam

P.S. sunggong, don't stop posting because of what this poseur has to say. If he actually wants to learn something from this board, fine, but if wants to go around and talk trash while using crappy equipment and working at his job (that pays more than he ever will make as a trader - he does have that one right), fuggetaboutit!

 

[GTS]

Quote from sunggong:

Edit: I'll stop posting here since due to my respect to other posters. Don't want to keep bumping up this thread because of one idiot.

Translation: You are being called on the carpet and you don't have an answer.

Look, either you have done it (daytraded YM) or you haven't. Not a difficult question but I can understand why you don't want to answer.

Quote from JimmyJam:

GTS, if you stopped being so defensive and negative you might actually take away something of value from the thread ... and BTW, if I were you, I would seriously consider getting rid of that shitty data feed you have that keeps going out on you.

There's no way you can even hope to even be considered anything more than a PIKER in this game until get the proper infrastrcuture in place

Hmmm, I have MB Navigator, IB TWS, eSignal and dual 90Mbps pipes to the internet using two different ISP's. Hint: I ain't using linksys routers.

Now lets hear how your infrastructure is so much better then mine big man.

I never said $60/day on a $4k acct with YM is impossible, I said it isnt likely. Apparently a lot of people who disagree have little in the way of real experience to back up their statements but they certainly have plenty of time to post on ET. Hmmmm.

 

[osorico]

Quote from JimmyJam:


...
and BTW, if I were you, I would seriously consider getting rid of that shitty data feed you have that keeps going out on you.

MBT Trading is a Pice of Crap

...

JJ, is there ANY feed that is perfect?
This has absolutely nothing with the topic at hand.

Osorico [not associated in any way with MB Trading]

 

[JimmyJam]

Quote from GTS:

Translation: You are being called on the carpet and you don't have an answer.

Look, either you have done it (daytraded YM) or you haven't. Not a difficult question but I can understand why you don't want to answer.

Hmmm, I have MB Navigator, IB TWS, eSignal and dual 90Mbps pipes to the internet using two different ISP's.

Lets hear how your infrastructure is so much better then mine.

LOL, this just proves that you're spending your money on a bunch of shit. You're trying to pretend like you know how to trade based on your crappy infrastructure (no numbnick, there isn't a direct relationship between how much money you spend on crap and how good a trader you are).

And you might as well drop that MB crap right now, I mean if you had bothered reading anything instead of posting so much, you'd already know that. (Good luck when it goes out on you and a position starts to move against you).

Sad

JJ

 

[JimmyJam]

Quote from osorico:

JJ, is there ANY feed that is perfect?
This has absolutely nothing with the topic at hand.

Osorico [not associated in any way with MB Trading]

While there is no feed that is perfect, if a data feed is constantly going out on you, you definitely don't want to stay there, period.

It most definitely does make a strong arguement towards why GTS can't figure out how to make a paltry $50 on a 4k YM contract, I mean after all, he can't even trust his data feed, for God's Sake!

No, no constantly blinking off data feed for me, thank you very much. And I mean it.

Jimmy Jam

P.S. Besides, it's well known that MB Trading data is crappy for futs anyways ...

 

[GTS]

Quote from JimmyJam:

LOL, this just proves that you're spending your money on a bunch of shit. You're trying to pretend like you know how to trade based on your crappy infrastructure (no numbnick, there isn't a direct relationship between how much money you spend on crap and how good a trader you are).

And you might as well drop that MB crap right now, I mean if you had bothered reading anything instead of posting so much, you'd already know that. (Good luck when it goes out on you and a position starts to move against you).

Why do I feel like I'm listening to a child when I read your posts.

I'd go through your 3000+ posting history to read about what you use but I have better things to do.

Lots of bluster, no substance. I'm sure you're a real big trader "Jimmy". Have a good one.

 

[showyouwang]

GTS,

It occurs to me that a reason you probably would not be able to day trade markets is because you trade while you're working your job. Your attention is split between two different things. Trading isn't your job, it's your hobby.

The markets will move against you during the moments that you have an obligation to your dayjob, I guarantee it. So in this aspect, you could be successful at swing or position trading but not at daytrading and chalked it up that it could not be done. Though this does not make one an unsuccessful trader.

Theoretically though, trading can be done on all timeframes. Your timeframe depends on your personality, strategies, and constraints. While swing trading setups could be applied to day trading... if you aren't properly setup it won't work. A 15 minute delay in quotes means less in position trading or swing trading than it does in daytrading.


I'm going to say this again. I AM NOT a successful daytrader (yet ). I have daily commitments such as going to class, and I know that I'd probably lose money if I tried to do it. But I can swing trade one specific setup pretty well, and that trade gives me about 25-35% every month.

So it's possible, if daytrading is right for you.

 

[GTS]

Quote from showyouwang:
It occurs to me that a reason you probably would not be able to day trade markets is because you trade while you're working your job. Your attention is split between two different things. Trading isn't your job, it's your hobby.

Agreed, that is a problem but I'm not willing to walk away from an excellent paying job until I feel I have a reasonable chance to make a living from daytrading. It is a catch-22 to a degree.

The markets will move against you during the moments that you have an obligation to your dayjob, I guarantee it. So in this aspect, you could be successful at swing or position trading but not at daytrading and chalked it up that it could not be done.

Yep, it has happened many times. However having that base pay everyday certainly more then makes up for the times that the job gets in the way of trading. Your point is well taken.

Trading can be done on all timeframes. Your timeframe depends on your personality and strategies.

Very true, thanks for the post.

 

[JimmyJam]

Quote from showyouwang:

GTS,

It occurs to me that a reason you probably would not be able to day trade markets is because you trade while you're working your job. Your attention is split between two different things. Trading isn't your job, it's your hobby.

It's not even that for him.

JJ