What is the average can a day trader manage and earn on wall street?

again, you speak for the majority and yes nobody, me included, should fault them (the successful traders) for not wasting their time. But then again a minority either has an ingrained need to boast through providing evidence of their success or because they have this intellectual desire to pass something on of what they perceive as (non-monetary) value. You see such people on the hedge fund and banking side. You see such people on the entrepreneurial side. You see such people on the academic side. But we do not see such people on the daytrading side. So, statistically speaking, if you have not a single proof of daytraders' success one has to ask him/herself how to extrapolate from zero. I can show you public proof of successful hedge fund and bank traders. It all exists. But not of a successful day trader who for whatever reason went to the extent as to provide evidence of the ability to be successful as a day trader in 2014 (and prior years). I hope that makes the point clearer. Again, nobody asks the majority of people to prove anything. It is simply a statistical anomaly why there is hardly a single proof out there that daytraders still can reap profits over time. And I am a firm believer in sound statistical and probabilistic approaches to thinking.

I hate engaging in these mindless discussions but i just had my coffee and here's my 2 cents. Perhaps it's not a question of fear that one may reveal too much info but a question of proper motivation. What incentive is there for me to post a few trades so that even if they all turn out winners some anonymous poster can say kudos?

This subject comes up constantly on ET and over the years i've noticed that you always get the naysayers matched up against the braggers and the discussion goes nowhere. I personally know a handful of independent traders who make anywhere between 1-5m per year so 5-20k means a good day's work for them. So why not offer them let's say half of a day's work and in return ask to review their statements with matching tax returns and cleared tax payments. Surely a cleared check to the IRS is enough proof, no?

So, If after years of study you are so certain that no one makes money then why not offer proper motivation and see who comes out of hiding. But of course you won't do that because 1) you don't have the disposable income to support such inquiry and, or 2) it won't serve your hidden agenda.
 
After years of study, my conclusion is that there is active stooging by the industry to keep the dumb money flowing into the markets. So audited broker statements are not much use because the hired stooges can put up perfectly genuine statements. Although the trades contained within may not have been carried out, rather they are notionally recorded using real prices and real/special accounts.

There's no substitute to asking the suspects about trading, their knowledge would be too shallow to sustain more than a few posts of enquiry. There are very few ways to reliably make money in the market. What people say would quickly reveal if they have anything at all. In the case of d08, he cannot say anything about anything because it will reveal his non-existent 'edge'. But he has been useful in revealing his comrades. I haven't checked, but I guess they all keep a particular style of posts.

Taken you off ignore, try not to be a trolling TWAT pls!! or straight back on.

Stooges likely happen and are real, might not be all of them, but yeah carrots to dangle infront of retail traders to get us to add to our losing accounts each month at a level we can afford so it's sustainable.

The system is setup, to push all all to H4 trading or similar, H4 makes it impossible to make a profit from pretty much unless your really good, but keeps your losses slow and small and gives false hope based on random chance to keep people trying and adding cash to there accounts to feed the markets.

BUT.... I take money out of the markets consistently enough to know that it is possible, making millions ofcourse not but should scale upto 10x's what I'm making per trade fairly easily over the next year.

I could likely start you on the path of Intraday Scalping on the DAX preferably, in a few hours with a method so simple you wouldn't believe or accept it, so doubt you'd have an open enough mind to use it, it's also counter how people are taught to trade which means no 1 believes it, counter everyone else is kinda key :)

If I can make money on my low level, then logically there must be others out there, but it's like 1% of all traders, we likely take back 10% from the markets, ie 10 peoples losses, leaving the market with the other 89% of losers.
 
As for motivation, there needn't be one. People interested in sports talk about sports. People interested in cars talk about cars. Likewise, people interested in trading talk about trading.

My only agenda is for a laugh to relieve boredom, and hopefully give the dumb money a prod because well, we all start that way.

I have offered d08 an incentive of credibility. But he no longer wishes to play. Would you like to pick up from where he has left off ? It's quite easy: call out a trade and we go from there. I promise I won't steal your method.

There is a big difference between talking about trading or sports and talking about one's profitability. I can talk trading smack with you all day for no incentive other then relief to boredom but if i am going to let you in on how i make my money clearly i can't do that for free. If you disagree then why not offer us how you make your money?

It's quite telling how you completely disregarded the offer i made so i have no further interest in engaging. ET credibility means zero to me.
 
Taken you off ignore, try not to be a trolling TWAT pls!! or straight back on.

Stooges likely happen and are real, might not be all of them, but yeah carrots to dangle infront of retail traders to get us to add to our losing accounts each month at a level we can afford so it's sustainable.

The system is setup, to push all all to H4 trading or similar, H4 makes it impossible to make a profit from pretty much unless your really good, but keeps your losses slow and small and gives false hope based on random chance to keep people trying and adding cash to there accounts to feed the markets.

BUT.... I take money out of the markets consistently enough to know that it is possible, making millions ofcourse not but should scale upto 10x's what I'm making per trade fairly easily over the next year.

I could likely start you on the path of Intraday Scalping on the DAX preferably, in a few hours with a method so simple you wouldn't believe or accept it, so doubt you'd have an open enough mind to use it, it's also counter how people are taught to trade which means no 1 believes it, counter everyone else is kinda key :)

If I can make money on my low level, then logically there must be others out there, but it's like 1% of all traders, we likely take back 10% from the markets, ie 10 peoples losses, leaving the market with the other 89% of losers.

Please put me back on ignore. The stuff you say is beyond me and flies straight over my head. If you can make 10 times the money by this time next year, that'll be great and I am happy for you. Perhaps I will check your journal next year to see how you get on.
 
Please put me back on ignore. The stuff you say is beyond me and flies straight over my head. If you can make 10 times the money by this time next year, that'll be great and I am happy for you. Perhaps I will check your journal next year to see how you get on.

So you admit that your a complete dumb ass moron, just like you sound then, that's a start.

I made 10x's and over at the peak from this time last year, so YES, don't see why I can't do it again :)

$700 to $10300 back to $7600 currently allowing for drawings.
 
so you say, and we all believe you. And you may very well have done so. But have you equally performed throughout 2008, 2009, 2010, 2011, 2012, 2013?

So you admit that your a complete dumb ass moron, just like you sound then, that's a start.

I made 10x's and over at the peak from this time last year, so YES, don't see why I can't do it again :)

$700 to $10300 back to $7600 currently allowing for drawings.
 
There is a big difference between talking about trading or sports and talking about one's profitability. I can talk trading smack with you all day for no incentive other then relief to boredom but if i am going to let you in on how i make my money clearly i can't do that for free. If you disagree then why not offer us how you make your money?

It's quite telling how you completely disregarded the offer i made so i have no further interest in engaging. ET credibility means zero to me.

I don't remember asking anyone for their profitability. I was only asking people to post up a trade (Turveyd needn't bother as I don't need to see a trade from him) so that I can assess their profitability using my previous-mentioned system - I forgot the acronym now.

Sounds like you want me to pay before you post up a trade ? I might consider if you guarantee a winner. I can then go to the market and get some money to pay you.

My method of trading is not under discussion. I reveal as much as I want to reveal, and that's all. So far I have revealed more than you and d08 added together.
 
So you admit that your a complete dumb ass moron, just like you sound then, that's a start.

I made 10x's and over at the peak from this time last year, so YES, don't see why I can't do it again :)

$700 to $10300 back to $7600 currently allowing for drawings.

$10300 to $7600 is a big loss. Why are you telling us this ? If we all lose that kind of money, we'd be bankrupt by now.
 
so you say, and we all believe you. And you may very well have done so. But have you equally performed throughout 2008, 2009, 2010, 2011, 2012, 2013?

My first profitable year obviously you lot arent very bright are you, after all why bother unless yu've been profitable since birth and are a multi bilionaire doh!
 
I don't remember asking anyone for their profitability. I was only asking people to post up a trade (Turveyd needn't bother as I don't need to see a trade from him) so that I can assess their profitability using my previous-mentioned system - I forgot the acronym now.

Sounds like you want me to pay before you post up a trade ? I might consider if you guarantee a winner. I can then go to the market and get some money to pay you.

My method of trading is not under discussion. I reveal as much as I want to reveal, and that's all. So far I have revealed more than you and d08 added together.

I posted a trade, not a sensible 1 and it profited, lads of live profitable trades and losses in my journal.

Guarantee lol no 1 will do that, with insurance unless your going to pay me more than you'd lose and therefore cost me lol
 
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