So, what does a good trader make per month?

He is throwing off $4,000 a month from his 100K principal. He makes no mention of other income. Real traders frequently live off what they earn or did you not realize that? Their income over and above those living expenses is what adds to that principal and allows it to compound.

It is foolish to assume he has an additional source of income that pays for his life if he hasn't put that in his post. He asked what real traders earn. I assume the word "real" means those that can live on what they earn and 4K monthly makes it very tight. The math is that simple.

Quote from xelite777:

What??

Where did I ever say that we should trade with rent and grocery money??

Real traders only trade with "risk capital" , not food and rent money.

Anyway.
More...
 
Quote from Trader.Fighter:

If 4% per month CONSISTENTLY is such an easy feat, anyone cares to demonstrate the latent, just for the previous two years?

Thank you
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Jack Hershey should be able to answer your question, according to his post he makes 10% a week!

Yes, 10% a week! At that rate he should be able to multiply his capital 117 times... each year!

Quote from jack hershey:
"Our technique was to make 10% every 6 to 8 days. It worked quite well from day 1. "

bag_of_money.png
 
Quote from xelite777:

Jack Hershey should be able to answer your question, according to his post he makes 10% a week!

Yes, 10% a week! At that rate he should be able to multiply his capital 117 times... each year!

Quote from jack hershey:
"Our technique was to make 10% every 6 to 8 days. It worked quite well from day 1. "

bag_of_money.png
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Except I can spot bullshit with ease :D
 
Quote from Trader.Fighter:

Except I can spot bullshit with ease :D
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When I posted 3 months of a beginner starting out; which of the 62 trades in that post caused your bullsjit meter to jiggle.

Obviously the guy was only pulling down 1/4 of the price moves.

In his 4th month he moved to an ROI (an annual calculation) of 250K.

He began with 27K.

He traded for years and then became ill with ALS.

Yesterday Tina, his wife, and another trader friend of his chatted. They were dropping off a projector we used in the trading room this guy provided.

It is my believe that a lot of you guys have never seen anyone trade or anyone learn to trade.

So you are just mentally fucked for life now that you think you see bullshit with ease. The reason you think you do is easy for your readers to fathom. You are ignorant bullshitters by your own definitions.

I could post the daily returns for a 100 days. I use the same record keeping form every day as most traders do for debriefing (look up the term somewhere). Suppose I start a reverse chron. It would simply ruin ET.
 
Quote from jack hershey:

When I posted 3 months of a beginner starting out; which of the 62 trades in that post caused your bullsjit meter to jiggle.

Obviously the guy was only pulling down 1/4 of the price moves.

In his 4th month he moved to an ROI (an annual caculation) of 250K.

He began with 27K.

He traded for years and then became ill with ALS.

Yesterday Tina, his wife, and another trader freind of his chatted. They were dropping off a projector we used in the trading room this guy provided.

It is my believe that a lot of you guys have never seen anyone trade or anyone lern to trade.

So you are just mentally fucked for life now that you think you see bullshit with ease. The reason you think you do is easy for your readers to fathom. You are ignorant bullshitters by your own definitions.

I could post the daily returns for a 100 days. I use the same record keeping form every day as most traders do for debriefing (look up the term somewqhere). Suppose I start a reverse chron. It would simply ruin ET.
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peoples bullshit meter seems to jiggle whenever somebody returns a profit.

If someone had a 10k bank and set each trade to risk 2% of his account, that would be $200 each trade. Some people make it seem like its impossible to net 4Rs a week, which would equal 3k a month, or 30%. I have personally seen net much more then 16Rs on a monthly basis for 10 months.
 
Bob,

Do you have any good books that focuses solely on problems that a day trader would face without the potential biases of a trading educator selling his methods.

Should I be looking at market microstructure books?

Coverage for all or each of the specific tradable markets would be good.

Thanks.
 
Quote from xandman:

Bob,

Do you have any good books that focuses solely on problems that a day trader would face without the potential biases of a trading educator selling his methods.

Should I be looking at market microstructure books?

Coverage for all or each of the specific tradable markets would be good.

Thanks.
More...

you can try google books and see what you can find. i can't recommend anything for stocks(know nothing about other markets,maybe a little bit about corp.bonds)
this one-
http://books.google.com/books?id=5Z...6AEwBjgU#v=onepage&q=intraday trading&f=false

is good,but it's sort of on kindergarten level and also outdated.
as you can see from the book,mentioned in my previous post -it is impossible to find any info or any signs of transparency in stock market as it was structured today. NONE. it's a terrible environment for a trader of every level. i've also closed all but one of my accounts and put everything on halt. i wasn't making 15K a day(as those hot shots),but 1K-1.5K a day use to be a norm for me(with very small draw downs and being profitable (while been market neutral) each and every month for many years.
it can be sad or funny for some,but my backtesting results are still same and system on paper is producing exact same money as it was before. i just can't get any shares in real world. as simple as that. NONE. only losers,that keep going against me all day long. order type doesn't matter,routing-don't matter.
 
Quote from Bob111:

you can try google books and see what you can find. i can't recommend anything for stocks(know nothing about other markets,maybe a little bit about corp.bonds)
this one-
http://books.google.com/books?id=5Z...6AEwBjgU#v=onepage&q=intraday trading&f=false

is good,but it's sort of on kindergarten level and also outdated.
as you can see from the book,mentioned in my previous post -it is impossible to find any info or any signs of transparency in stock market as it was structured today. NONE. it's a terrible environment for a trader of every level. i've also closed all but one of my accounts and put everything on halt. i wasn't making 15K a day(as those hot shots),but 1K-1.5K a day use to be a norm for me(with very small draw downs and being profitable (while been market neutral) each and every month for many years.
it can be sad or funny for some,but my backtesting results are still same and system on paper is producing exact same money as it was before. i just can't get any shares in real world. as simple as that. NONE. only losers,that keep going against me all day long. order type doesn't matter,routing-don't matter.
More...

you were doing well. trap that people fall into - after long period of success and then when system stops working - and are back to start , confirms to me that one has to go for getting rich at max gradient and not for income in trading. after sun stops shining, is time for rest and observing when clouds have passed.
 
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