P&L since beginnning trading

Why didn't you retire with $1.6M?

I would've.

Buy some bonds and live on $50k a year risk free without touching the principal and get some easy job for supplementary income.

Man I can't wait to retire, or at least until work is an option.
 
You're telling me that you started with 25k on credit, and made 7million+ trading over a 9 year period. LOL. Can you tell me where one can go to learn how to do this?
 
Quote from Uncle_Ho:

You're telling me that you started with 25k on credit, and made 7million+ trading over a 9 year period. LOL. Can you tell me where one can go to learn how to do this?
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Five easy steps......

1) Build a time machine

2) Take time machine back to 1998

3) Ride the bubble and make obscene money from 1998-2000

4) Don't be stupid and give back all your profits during the market meltdown and "dead" years (2001-mid 2003)

5) With a nice cushion of profits, re-train yourself to trade decimals while battling computer algorithms instead of humans.

Congratulations, you're rich and still able to earn a great living.
 
Quote from IronFist:

Why didn't you retire with $1.6M?

I would've.

Buy some bonds and live on $50k a year risk free without touching the principal and get some easy job for supplementary income.

Man I can't wait to retire, or at least until work is an option.
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when you get to that point, and you have tasted making 1m in a year, the last thing you want to do is stop the activity that just earned you 100k/mo. You just want to push harder and harder and make more and more.
 
Quote from bestfriend:

I am curious how people have done and what they began with:

ME:
Started 1998 $25000 ( borrowed from credit card)
1998 $22000
1999 $450,000
2000$1,650,000
2001$1,016,000
2002$160,000 (the drug year)-"so I can work harder so i can earn more so i can buy more coke"
2003$450,000
2004 $650000
2005$525,000
2006 $1030000
2007 approx 1 mill

This includes interest income on profit saved.
I know most people wont believe thid but that's their problem there are plenty on these boards who have done better. Gertsman did a lot better but wont reveal it. Heck, there's a 19 yr olfd on this board getting a $180k sallry for advice from a hedge fund. Anf he's a ful-time student.


Let's here the good stories:
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So, after posting this how many new ET "bestfreinds" do you have? :D
 
I want to hear more about the drug year too, how it happen, how bad was it, how did u beat it etc..


also how much leverage u trade with now?
 
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