people are trading for a living?????

Originally posted by rs7


Which is about how many?
(rounded out).

:) :) :) RS7
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Last year I netted 37.8 ES pts per day and grew my 5k to 500000k in 12months and then took that money and bought my fav Van Gogh which is Cafe de Terrace (as well as porsche, a house for my parents and 5mil to charity)

The first 1/2 of this year I netted a little over 93pts per day and being that I had a considerable jump in size due to last years Aphex caliber performance I had enough to buy Starry Night...

So 2 total! -----> Myself and Tntneo :)

PEACE and good trading my friend,
Publias
 
Originally posted by AllenZ
Look at things from a standpoint of risk. If you risk an average of 1% of your account per trade then making a return of 10% a month is outstanding. This is a formula i use to determine a traders efficiency.

Basically: 10 X ave risk per trade taken = monthly return expected
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good post..interesting concept. i'd be happy to make 10% a month.
 
LOL publias !!! :D
I hope others don't get the wrong impression (I know publias is kidding) :
I don't believe in high rate performance. That's the recipe to wipe out soup.
I choose low performance and super reliability anyday against high performance.

consistency is the key, not performance.
when you get consistency, you will get all the funding you want (and profits). seeking high performance to compensate and get the profit you want usually does not work, at least not long term.

tntneo
 
Originally posted by tntneo

consistency is the key, not performance.
when you get consistency, you will get all the funding you want (and profits). seeking high performance to compensate and get the profit you want usually does not work, at least not long term.

tntneo
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This is exactly right. Everyone here talks about making 100% plus a year. The good ones make over 1% a day! The mediocre only 10% a month.

Make a legitimate consistent 25% a year, and you will have them lined up at your door to give you money.

It's all about numbers. The arithmetic I read about on this site sometimes staggers me.

Publias, make sure you grab a da Vinci as soon as you can. The Van Goghs are nice, but still, I think your bang for the buck is with Leonardo. Michelangelos are are good with me too!

:)RS7
 
Originally posted by rs7



Publias, make sure you grab a da Vinci as soon as you can. The Van Goghs are nice, but still, I think your bang for the buck is with Leonardo. Michelangelos are are good with me too!

:)RS7
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Well in 99' due primarily to the bubble I was able to achieve 33,356% on my 3 accounts in just short months... so I went out and got myself Dali's Swans Reflecting Elaphants... 22 large but it sure was worth every penny!
 
Originally posted by Publias


Well in 99' due primarily to the bubble I was able to achieve 33,356% on my 3 accounts in just short months... so I went out and got myself Dali's Swans Reflecting Elaphants... 22 large but it sure was worth every penny!
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Save your money. Don't buy stuff by guys that haven't been dead at least 400 years. You never know when these newbies will go out of fashion. I shorted a few Picassos last week, and cleaned up on some Gauguins a few months back also on the short side. Speaking of short side, stay away from TOULOUSE-LAUTREC!

:)rs7

PS: Careful with your spelling. MrSubliminal busted me on mine. Elaphants? Believe me, you don't want MrSubliminal to get on your case. It was a painful experience, trust me.
 
Originally posted by ADX_trader
Quite a few people claimed they could make more than 30 points in ES every week. If so, they could easily earn a living by trading ($1500 per contract per week minus commissions). It could easily make the doctors and lawyers look humble :D :D :D :D

QUOTE]

No sir. The doctors and lawyers are pretty much confident about their future. Traders never know when the pattern, system, idea or whatever else will stop working.
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ChrisM,

If you are a trader and can make money consistently, you probably due your homework and adjust and fine-tune your system on a constant basis -- just like doctors will practice their skills before going in and working on someone's brain (hopefully not mine anytime soon).

I make it a habit to write a report in the morning about the previous day's activity, an analysis of all trend-cycles and then, at the end of the day, I will review every trade and ask myself what I could have done to make it better.

I've done this so many times and looked at so many graphs my entire life, that I frequently have dreams where I am trading.

The end result is that I constantly do better as a trader, I constantly know the "color" of the market (taken from a personal favorite analyst while before congress) and I never ever predict where the market will go -- I let the market take me where it wants to go.

All in all, trading comes down to the very basics of understand the market pulse, sentiment, trend and keeping abreast of current macroeconomic conditions.

Don't ever think trading is a "cheap job," because those of us who take it seriously put just as much effort and due diligence into it as any lawyer or doctor.

aphie
 
Originally posted by rs7




PS: Careful with your spelling. MrSubliminal busted me on mine. Elaphants? Believe me, you don't want MrSubliminal to get on your case. It was a painful experience, trust me.
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hey man this is message board not spelling be... could care less how unedumacated I come across! I am :)
 
Originally posted by Publias


hey man this is message board not spelling be... could care less how unedumacated I come across! I am :)
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Of corse yoo arr rite. I lawst my hed.

a QIUZ.....

HOW DOES "GHOTI" SPELL "FISH"? (this really works)

Open to the ET Elite spelling public!

Morning line favorites:
Darkhorse, Babak, MrSub, and Nitro.

In a quinella, gotta wheel Don B., Magna, and Publias, Baron, Rigel, and Tripack.

In a trifecta, gotta give the nod to my childhood friend, Fasterpussycat. And obviously, Daniel_M, who is my favorite longshot. Stardust and Mirage actually had him as an early favorite (in an entry with Nitro). Mirage also had Bone at 7-2 and Vladiator at an impressive 4-1, which ain't bad for an immigrant:).

My personal pick, defying the morning line: Don B., who has figured out everything else:)

:)Rs7
 
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