Surfer Alerts
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Quote from Ol' Yella:
20% year after year for a daytrader-- pretty poor result compared to Nodoji's coy hints of 1000% returns.
Yeah, it's sad. But it's particularly troubling that her followers and students like Cornix and the other paper warriors buy the hyperbole as truth. They will all learn a very hard lesson one day, but that's what happens when you blind yourself to the truth.
Blind? Not really, been day trading fulltime since 1998. When you find your groove/niche you can compound faster than you probably realize. I trade for fairly small tgts and with more frequency. You'd be surprised how all those singles and doubles add up.
Quote from Ol' Yella:
20% year after year for a daytrader-- pretty poor result compared to Nodoji's coy hints of 1000% returns.
Let's not go into extremes.
I have never claimed 1000% returns consistently (despite it's probably possible for some less liquid instruments, but I didn't do it and so refrain from the comments), but let's face it:
would anyone in his/her mind day trade for 20% return on $100K account?
Not to sound bold, but NoDoji is more likely somewhat my "student" than I am a student of her.
Surprisingly for me, she took some of concepts I showed her years ago and transformed in a great method used in CL (I was doing Euro back then). Surprisingly, because I changed my own approach to more simple (and less intense) since then.
Harsch lessons? Definitely. Every day of a day trader is a test for iron discipline, perfect focus and dedication. You're only as good as your last trade.
Is it something normal that most people can do every day? Certainly not. But is it possible? Certainly yes.
I don't say anything that I wouldn't confirm with my live trades, which people see including their own accounts, which is absolutely impossible to fake even if I wanted to do so. I am absolutely sure that if I lied they would step in and call me a liar, because they know ET and know my ET name.
So what's possible is possible and what's not is not. Plain and simple.
Same question to you Surf: would you bother to day trade (spend hours in front of screen every day) for 20% yearly return on $100K account?
Surf, I already told you this and repeat:
you are always welcome to open account with my futures broker and see if I can make 20%+ yearly returns for you. No need to guess or argue, if I don't you're even more welcome to expose me here as a liar and a loser. Reality is reality, harsh and brutal.
So far you would clearly be in a much better score with your 10 YM size vs. Price Drivers (just substitute it for NQ).
you are always welcome to open account with my futures broker and see if I can make 20%+ yearly returns for you. No need to guess or argue, if I don't you're even more welcome to expose me here as a liar and a loser. Reality is reality, harsh and brutal.
So far you would clearly be in a much better score with your 10 YM size vs. Price Drivers (just substitute it for NQ).
Quote from cornix:
Surf, I already told you this and repeat:
you are always welcome to open account with my futures broker and see if I can make 20%+ yearly returns for you. No need to guess or argue, if I don't you're even more welcome to expose me here as a liar and a loser. Reality is reality, harsh and brutal.
So far you would clearly be in a much better score with your 10 YM size vs. Price Drivers (just substitute it for NQ).
I am surprised that you don't even grasp the most basic tenant of investing--- that's there's ALWAYS a trade off between risk and return. I know its easy to look at a chart in hindsight and see how "easy" it is to rack up massive profits with very limited risk-- doing so in real time is a completely different story---I have no interest in exposing anyone as anything, just want to make clear that your claims have no basis in market reality. surf
Ok, you do believe 20% plus returns for a day trader can be consistently achieved with very limited risk?
You first have to define "very limited risk" for me so that I can give you a better answer
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