Traders make money, but here is how some traders make serious money

If you put $5000 into a prop account and then buy $1 million worth of stock you could lose your $5000 in about 3 minutes.

I think the original poster meant you start with $10,000 and turn it into $50,000 year in year out.

I have no idea why anyone with any method at all would trade at a prop shop.

Not sure about betting half of account on one trade....but I see 1200% a year as very doable in furures markets.
 
Quote from FutTrd:

But here is where I am different from other people. You see I knew on Sunday what would happen on Monday, should bet HALF of entire portfolio.
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Actually you didn't know what would happen Monday. You took a guess. Nothing is known with certainty.

As far as blowing out $5K and $10K accounts ... that's not any serious money. Rather, that's some basic tuition.
 
yeah but u aint gonna do it off the bat are u. once u shown uself consitency u can. afterall it's all winnin' money that u put at risk. by the way some here do it from time to time and never let losses get outta control.
Quote from spinn:

If you put $5000 into a prop account and then buy $1 million worth of stock you could lose your $5000 in about 3 minutes.

I think the original poster meant you start with $10,000 and turn it into $50,000 year in year out.

I have no idea why anyone with any method at all would trade at a prop shop.

Not sure about betting half of account on one trade....but I see 1200% a year as very doable in furures markets.
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No Bit...youre not going to until you can.....thats why you lay low until you see things and then lock and load.....

Most do the opposite.



Quote from Bitstream:

yeah but u aint gonna do it off the bat are u. once u shown uself consitency u can. afterall it's all winnin' money that u put at risk. by the way some here do it from time to time and never let losses get outta control.
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Quote from FutTrd:

Well here is the thing.

I day trade, and for example today I made a killing, I guess lots of people did.

But here is where I am different from other people. You see I knew on Sunday what would happen on Monday, I bought shitload of cars way before futures even started moving up at night.

Don’t waste time asking how I knew, this is NOT what this thread is about.
It has to do with connecting dots on Taiwan etc.

This thread is about doing it the way Livermore did.

When I get a really good reason to do something, odds are on my side, I should bet HALF of entire portfolio.

That ladies and gentlemen is how serious money is made, I am not talking 100 % per year. I am talking 500% per year. This is not gambling, there comes a time in experienced traders life when he knows where market will go with 95% certainty.

I guess it depends how hungry you are. If you are old guy who got into trading at age of 40 or 50 and just want to get some extra money for gas, then so be it, trade small always.

But if you are young and hungry and happen to be smart enough to trade successfully.
Such a person should not limit himself to always small steps.
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Your so full of shit lol.

John
 
Quote from FutTrd:

to answer mschey

serious money is 500% per year
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No wonder you're quite confident in going all in. when your account is about $15k, it's easy to go up to your margin in futures. Making 500% on a 10k or 15k account is much easier than going 500% with a 200k account.

Like someone said, losing 10k all you need to do is get a decent job and you'll have it back in 2-3 months. When you have 200k, and you lose it, it will take you a long time to make all that back so you're more inclined to take less risk (as should be).

Going all in is the dumbest thing on earth. Even if you're 95% sure, the day doesn't end tomorrow. the market will be around long after you're dead; why are you in a hurry?
 
*yawn* I'll pass; I'd rather make a nice, steady, 20% return and get paid an 7/8 figure bonus each year than trying to have a heart attack keeping up with retarded returns (unless you're talking about a piddly capital amount)
 
Quote from polpolik:

No wonder you're quite confident in going all in. when your account is about $15k, it's easy to go up to your margin in futures. Making 500% on a 10k or 15k account is much easier than going 500% with a 200k account.

Like someone said, losing 10k all you need to do is get a decent job and you'll have it back in 2-3 months. When you have 200k, and you lose it, it will take you a long time to make all that back so you're more inclined to take less risk (as should be).

Going all in is the dumbest thing on earth. Even if you're 95% sure, the day doesn't end tomorrow. the market will be around long after you're dead; why are you in a hurry?
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They always are, until the music stops---|
 
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