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

with all do respect scriabinop

are you one of those guys making millions.

what you say is hard requiring decade of experience.

by the way, how the hell do you pick a nickname like that :confused:
 
Quote from FutTrd:

with all do respect scriabinop

are you one of those guys making millions.

what you say is hard requiring decade of experience.

by the way, how the hell do you pick a nickname like that :confused:
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Not making millions, but my goals are more modest. at least for now.

But if you appreciate the difficulty of doing this, then you are half way there and you cognitively realize that you can't make millions overnight unless you basically gamble. Your chances of being successful would be slightly above making a killing at a roulette table.

scriabin opus 23 .. google.
 
<i>"This thread is about doing it the way Livermore did."</i>

Really? And how'd that work out for the late Jesse L.?

Can you share with us just how rich & successful he was at his death, using similar tactics you purport?
 
On the face of it, post 1 sounds like bullsh1t...

But, casting my mind back, it was precisely using the ideas contained in post 1 that I made the large amount of capital necessary to trade large size for a living...

So I have decided not to condemn post 1 for, if I did, I would be a hypocrite...



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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