leave day trading now or you'll go broke

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Yep, drawdown is part of the "I make money every month unfortunately I need more than 5K in my account to make it worthwhile" club. Walk into any retail fx office and the manager will give you the same story.
 
Quote from F-Trader:

The last time I checked the IRS charts it was about $365,000.
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similar stats in italy; although it is not that much still just less than 3% of the population earns it.
 
Quote from mschey:

The latest numbers I have, are

top 1%, 295 495,
top 5%, 130,080,
top 10%, 94, 891,
top 25%, 57,343.

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That is scary. Mschey, are you sure that the top 5% is that low? $130K / year can't get you a house in my 'hood.
 
Quote from patoo:

That is scary. Mschey, are you sure that the top 5% is that low? $130K / year can't get you a house in my 'hood.
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its pretty amazin' innit.....was shocked to learn how bad things are...not only over there but in my country as well.
 
Quote from patoo:

Bitstream,

As long as we have hijacked this thread......I thought you traded CME futures..from Italy??
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well, we on topic still...;p
i dont trade futs that often, i find stocks much easier, more profitable and sure more forgivin'. am in london now but i move often from here to italy cuz' of biz.
 
Quote from hedgeking:

i'm warning all to get a real job now and take what you have and run. 97% of the people on et won't be trading in 5 years. the crooked market took all my money. LEAVE NOW OR FOLLOW ME TO WELFARE IT'S YOUR CHOICE
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I sorely regret giving you sympathy and advice in your "I squandered 400k of my family`s money taking food from their mouth thread.

These above statements come from someone who is looking to raise tempers...not awareness.



Mods - this person is clearly a troll....please lock his ID and ban him.
 
hey it seems 95% of et traders making huge money while statistics prove 95% lose. heck i guess et has all the winners and the rest of the day trading nation are losers
 
Quote from hedgeking:

hey it seems 95% of et traders making huge money while statistics prove 95% lose. heck i guess et has all the winners and the rest of the day trading nation are losers
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Correct me if i`m wrong but didn't you lose all your money holding onto losers..not daytrading???

You dont even know what your angry about...
 
I love it when people that can't trade try to convince others that have been making a great living trading that it can't be done:D :D :D
 
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