Scalping for 4 ticks; mangement?

MrFuture said:
In other words, if I have $1million to trade with, and I brag because I make $50k per year daytrading, do these people realize that that's just 5%, which can be accomplished worry free with a low cost BOND (not even equity) fund ?
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Seriously, who has a million to daytrade with ?? anyone ?? The object is to make a million, not have 1Mil sat in an account at risk.

I make 6-10% most days, -1.5% today, +6.8% yesterday.

Spot account so classed as gambling and tax exempted in the UK, and that's after Comm's.

Do I want better, YES, still working on it!
 
Wake up, MrFuture!!! The markets are always evolving, it is very convenient to blame it on low volatility or HFT if your method no longer works. Prop firms shutting down because they cannot find a new way to trade. There are people killing the markets consistently everyday, because they know how to adapt. Please start doing some research yourself, it might change your mind....
 
Turveyd said:
Seriously, who has a million to daytrade with ?? anyone ?? The object is to make a million, not have 1Mil sat in an account at risk.

I make 6-10% most days, -1.5% today, +6.8% yesterday.

Spot account so classed as gambling and tax exempted in the UK, and that's after Comm's.

Do I want better, YES, still working on it!
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There you go, perfect example: "6-10% on most days". What does that even mean? Are you telling me that you avg 30% per week, 120% per month......and over 1,400% per year???? Do you even realize how freaking ridiculuous that is????? So why the hell aren't you working at a freaking hedge fund if you really are able to magically double your money every month ????? They would pay you millions and millions of $ if that was true, you would be on cnbc constanly and be taking dumps on golden toilets. You are absolutely delusional my friend, another one of those who only focuses on the most recent string of successful trades while completely ignoring the losses that came before. Unbelievable.
 
MrFuture said:
There you go, perfect example: "6-10% on most days". What does that even mean? Are you telling me that you avg 30% per week, 120% per month......and over 1,400% per year???? Do you even realize how freaking ridiculuous that is????? So why the hell aren't you working at a freaking hedge fund if you really are able to magically double your money every month ????? They would pay you millions and millions of $ if that was true, you would be on cnbc constanly and be taking dumps on golden toilets. You are absolutely delusional my friend, another one of those who only focuses on the most recent string of successful trades while completely ignoring the losses that came before. Unbelievable.
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If i traded 5 days per week, yes, i'm just that good, taken years to get here, still trying to improve my method.

I did over 1000% in the a year 18months back trading part time, got busy, lost the plot for 6 months and started climbing again recently.

Tiny account, the next 1000% will be worth something the first wasnt really, about 700% up i will hit my max lot size, then account growth stops being expotential sadly, around 40k based on 45:1 margin, limiting me to $2000 per day average.

Account will never be above 40k for long, weekly withdraws, no intention of saving to become a millionaire, spend as i go, for tomorrow may never come.


I may stall before, if they start breaking my order up, dont want multiple orders.


This is the power of intraday trading IF you can master it.
 
congrats, turveyd, on your performance. i see you 10x your money in 18 months! took me 10 years to 10x my money (but it was a good amount).
 
Visaria said:
congrats, turveyd, on your performance. i see you 10x your money in 18 months! took me 10 years to 10x my money (but it was a good amount).
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When you start with nothing, then you have nothing to lose really and you can go harder, the next 10x's, IF I can get my head back in the game / out of this bad random chance funk is going to be trickier.
 
Ahhh no.

Someone who starts small has everything to lose. And if they do they are done.

Someone who starts big has everything to lose also.

But it takes a lot longer for that to happen maybe allowing them the time to get the hang of it before ... everything is lost.
 
SunTrader said:
Ahhh no.

Someone who starts small has everything to lose. And if they do they are done.

Someone who starts big has everything to lose also.

But it takes a lot longer for that to happen maybe allowing them the time to get the hang of it before ... everything is lost.
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I've seen people blow 20K as fast as I used to blow my $100 each month I used to add, when required, seriously, there down, they get scared, they start trying to average themselves out to make it back and bang gobble gobble, all gone.

$100 per month was hobby money for me, spent more on pizza each month, not added money in got to be 4 - 5 years ( borrowed and put it back a few times ), yes that's how small I started. :)

I'm still poor, but atleast I have 94 likes and my dream is alive and kicking :)
 
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