What are the largest fortunes ever made by INDEPENDENT traders?

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Quote from HATEtheRisk:

Look,

i am totally drunken.....and listen to death metal....

and i am bored to dead, because it needs another 4 hours before the new week starts and i can work... i have no girlfriend to fuck and i am sooooooooooooooo booooooooooooored....

of course i have a thick skin, thick like the one of a elephanthe...

Bla bla bla bla bla...

I really thought atticus were cool.......its a shame.......

I have to make the bottle empty now, .......

Cheers.....

:p :p :p
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And slowing the train comes off the rails........
 
Quote from atticus:

My brother made it in telecom as a stakeholder in CLECs. No real risk outside of the initial $2MM he put into the start-up. Analogous to the ibanker risking his bonus in company shares. He's been in telecom all of his working career and invested every dime of his bonus in HFs or start-ups.

Leverage in capital markets. The edge of which is disproportionate to the risk... allotments of insider capital being completely arbitrary. I am not envious, just see the whole system as comical and completely anti-meritocratic.

My point was the ludicrous fantasy that you turned 100 in 6MM. At least we could have suspended disbelief had you made it at least remotely possible.
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Atticus, twice since november, I have taken a small $100 account and turned it into $900 ( and promptly lost it :D ), trading a gold cfd. For an experienced person, why is it so hard to believe that $100 became $1000, $1000 became $10,000, $10,000 became $100,000 etc. ?
 
Quote from bhardy307:

Atticus, twice since november, I have taken a small $100 account and turned it into $900 ( and promptly lost it :D ), trading a gold cfd. For an experienced person, why is it so hard to believe that $100 became $1000, $1000 became $10,000, $10,000 became $100,000 etc. ?
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I took $4k to $200k in 14 weeks in exotics -- equity vol DNTs and I literally went all-in on every weekly expiration, going 14 for 14. I hit the dealer's (BOM) position limits and wired out. There is nobody on this Earth that took a CFD or FX spot account from 100 to 6MM. The product simply doesn't support the claim (neither does trading in exotics). Those kind of compounded returns require that the trader go (nearly) all-in w/o regard to notional risk. Looks great on paper, but nobody actually trades that way with any real success.

So would you like to wager your portfolio net liq on the legitimacy of the 60,000x return? It cannot be done with a portfolio dependent on variation-margin.
 
Quote from atticus:

I took $4k to $200k in 14 weeks in exotics. There is nobody on this Earth that took a CFD of FX spot account from 100 to 6MM. The product simply doesn't support the claim (neither does trading in exotics). Those kind of compounded returns require that the trader go (nearly) all-in w/o regard to notional risk. Looks great on paper, but nobody actually trades that way with any real success.

So would you like to wager your portfolio net liq on the legitimacy of the 60,000x return?
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HateTheRisk, isn't trading CFDs. As far as I can gather, he is trading forex. I don't honestly know which currency pairs he works with.

When I feel a little more skilled, I will likely shift to oil futures. What NoDoji is managing with (CL ? ) looks rather interesting to me.

As for going all in, I've done this a couple of time with small $100 accounts. Sometimes it works; sometimes it doesn't. I was proposing a few days ago the idea of depositing a single trade risk into forex account and going all in on that account. This works with FXCM since you aren't responsible for a negative balance. You're stopped out before that happens.
 
Quote from bhardy307:

HateTheRisk, isn't trading CFDs. As far as I can gather, he is trading forex. I don't honestly know which currency pairs he works with.

When I feel a little more skilled, I will likely shift to oil futures. What NoDoji is managing with (CL ? ) looks rather interesting to me.
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CL is a killer. Everyone on this board who trades it is risking a multiple of their profit target. Every single one of them has a -PF. If your goal is to donate to the CL Gods, then feel free to do so.
 
Quote from atticus:

CL is a killer. Everyone on this board who trades it is risking a multiple of their profit target. Every single one of them has a -PF. If your goal is to donate to the CL Gods, then feel free to do so.
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I see. So you don't believe NoDoji's claim of a $90,000 scalping income with $10,000 of tradable capital, trading CL?
 
Quote from bhardy307:

I see. So you don't believe NoDoji's claim of a $90,000 scalping income with $10,000 of tradable capital, trading CL?
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No I don't. Not on the size she's trading. Pure fiction. 9x return on margin (or better assuming the entire 10k is not allocated to haircut) in CL per year? I'd bet that amount that it's BS.
 
Quote from atticus:

No I don't. Not on the size she's trading. Pure fiction. 9x return on margin (or better assuming the entire 10k is not allocated to haircut) in CL per year? I'd bet that amount that it's BS.
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Do you believe me when I claimed to have doubled by initial $2000 account since the beginning of november, 2011, trading a gold CFD? It was rather funny feeling to be called a liar by bwolinsky of all people.

Its a strange place, ET. Increasingly, I get the feeling that everybody is full of it. :D
 
Quote from bhardy307:

Do you believe me when I claimed to have doubled by initial $2000 account since the beginning of november, 2011, trading a gold CFD? It was rather funny feeling to be called a liar by bwolinsky of all people.

Its a strange place, ET. Increasingly, I get the feeling that everybody is full of it. :D
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Sure, nothing out of the ordinary.
 
Quote from atticus:

Sure, nothing out of the ordinary.
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Good. Because, I don't believe it is unreasonable to continue in the same way for the rest of the year, doubling again, and again to about $16,000. That's my year end goal for 2012.
 
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