So, what does a good trader make per month?

[sle]

Quote from cmb:

we go from discussing whether or not a 150k account can return 20%, to tripling a 10k futures account with your net worth 1mm, all the way up to a 50mm hedgefund accounts to scalping burgers at burger kings.


Just all over the map today!

A good trader is first of all a businessman. If you can make more money doing something else, trading is a waste of time.

PS. I can see life-style advantages to being an independent trader, but that only comes into play if you are semi-retiring. Just an IMHO.

 

[sle]

Quote from xandman:
So far, growing Chicago Kush in the suburbs is the best alpha. And, people love you for it.

the tangible risks are also too high, unless you are living in the state that has nil sine numine.

 

[Satan's Helper]

Quote from sle:

A good trader is first of all a businessman. If you can make more money doing something else, trading is a waste of time.

PS. I can see life-style advantages to being an independent trader, but that only comes into play if you are semi-retiring. Just an IMHO.

I love these message boards because it is Special ED fun.

Let me give you a Fact Check, most successful traders SUCK at running a business. I know a lot of traders who are successful (7,8 and 9 figures a year for themselves) and fail at everything else. A business man (women don't count here) needs to be good with people and know how to manipulating them. Traders are cold, out of touch and gamblers in nature. They do not do well with people. It's like asking a accountant to sell to people. It is not going to happen.

 

[Satan's Helper]

Quote from bat1:

What's good and what's bad?


I can't find anything on what traders make

Right now I'm playing with 100k and making about 4 grand out
of it is this good fair or bad? per month

We all know what rookie football players make then
what pros make

what about Traders?

10 to 50% a month on your money ever month is considered successful.

That is what a real successful trader makes. If you are not pulling those numbers (unless your size is to big already and not your cock) then you are still learning. I am not there either but the few traders that I know are pulling those numbers.

 

[ZaytsevVasya]

Quote from Satan's Helper:

10 to 50% a month on your money ever month is considered successful.

That is what a real successful trader makes. If you are not pulling those numbers (unless your size is to big already and not your cock) then you are still learning. I am not there either but the few traders that I know are pulling those numbers.

Are you still buying used Bibles?. I have seven, forty feet containers, full of them. No moist.

 

[sle]

Quote from Satan's Helper:

10 to 50% a month on your money ever month is considered successful.

Yup, these are perefectly realistic returns

 

[newwurldmn]

Quote from sle:

Yup, these are perefectly realistic returns

If you aren't making that with at least 8 or 9 figures of personal compensation then you belong on the short bus.

 

[Satan's Helper]

Quote from sle:

Yup, these are perefectly realistic returns

Dead serious and not being sarcastic this is what someone who really knows what they are doing makes. I am not one of them but personally know some guys who pull this type of returns in because I sat next to them for many years (Worldco and Schonfeld). The catch is it is typically done on thinner stocks trading less then 1 mil shares a day so it is not scalable.

I still struggle so I know just enough not to loose money and to pay my bills.

 

[Satan's Helper]

Quote from newwurldmn:

If you aren't making that with at least 8 or 9 figures of personal compensation then you belong on the short bus.

I know a few guys pulling close to 100 mil (one well over that mark) at a prop shop but they are the exception. When I say prop shop I mean places that back their traders 100% and don't cry about a 100K down days.

The majority of guys making 10 to 50% on their money are doing it in thinly traded stocks and it becomes extremely difficult to pull in more then 50K a month because of the size issue.

The whole point is, that is what a successful trader makes once they master the skill. And none of them use charts.

 

[billyjoerob]

Quote from Satan's Helper:

I know a few guys pulling close to 100 mil (one well over that mark) at a prop shop but they are the exception. When I say prop shop I mean places that back their traders 100% and don't cry about a 100K down days.

The majority of guys making 10 to 50% on their money are doing it in thinly traded stocks and it becomes extremely difficult to pull in more then 50K a month because of the size issue.

The whole point is, that is what a successful trader makes once they master the skill. And none of them use charts.

Are there any prop shops that have even $10M of capital?