Quote from drycleaner41:
I am interested to hear what kind of traders you know that are trading and making some good money. What markets, what time frames, how much return, what kind of trading strategy?
At a prop firm I was at in 2007 we had a guy who was making 5 or 6 figures a day. He may have had a couple of 7 figure days. As far as I know he was trading discretionary on a relatively short-time frame. So not necessarily day trading. I can't tell you much more than that.
The guy I learned from was like this - discretionary with stocks on a daily timeframe for swing and intermediate trades, and one minute chart for scalping. I bought a couple of his DVD sets and they didn't show the whole setup, though it became obvious when I reverse engineered a few of his trades. I had his daily updates for over a year. His most repeated phrase: "stack all the odds in your favor" I.e. fundamentals, market mood, trend, buy signal, though he did not use elliot wave.