trader making $800k a year net

Quote from empee:

Here is a thread from reddit that has a guy netting $800k on $4million, automated trading:

http://l.pr/a44y8/automated_trader

He gives some advice on books/platform, plus you can ask him ???s directly.
More...

And you believe an anonymous person claiming this WHY??? We already have a lot of those on EliteTrader. It is called "paper trading" or "sim trading" or "I just had a great backtest, making..."
 
Yeah your right. I'll try to keep from posting potential useful information to other traders.

Thanks for enlightening me.
 
Dunno, I read it and he sounds legit (from what little I know). Books he recommended, what little elaboration he gave on strategies, attitude towards the work all sound appropriate and non amature/guru-ish. Even his (what I feel is) underappreciation for risk, relience on stats sounds legit, like other traders making consistant profits before going kaboom.
 
Don't quote trolls please, it hurts my eyes to see their posts... I tried to kill one the other day in a gas station... for my sake and the sake of all the hair trigger psychos here on ET, try to refrain from quoting them...

anyhow, I broke out my calculator, on the YM, 30 5pt average net gains with 5 contracts would do it..
 
Quote from limitdown:

why didn't he expose himself to Elitetrader

would have had more credibility on his story
More...

Note his comments about which forums he finds useful: "While I don't post on them, fattail.org, nuclearphynance, and wilmott forums have a good audience. There's also a few gems at elitetrader, but I don't think there's more than a couple of guys who are making money and they don't post often."
 
Quote from wutang:

Note his comments about which forums he finds useful: "While I don't post on them, fattail.org, nuclearphynance, and wilmott forums have a good audience. There's also a few gems at elitetrader, but I don't think there's more than a couple of guys who are making money and they don't post often."
More...

this poster is an anonymous unknown on a chat site that claims to make $800,000

Again, this person is taken seriously Why???
 
Quote from TraderZones:

this poster is an anonymous unknown on a chat site that claims to make $800,000

Again, this person is taken seriously Why???
More...
Isn't that an ad hominem attack? Isn't it the substance of a person's argument that one should judge. I treat it with just as much skepticism as anything I read on a forum.
 
You must log in or register to reply here.
Back
Top