Selfwealth is a flat $9.50. I Swing Trade up to $100K. Stake is $.01 per trade over 30k, bit dearer.
Who are some LEGIT Retails that "made it"?
- Thread starter zghorner
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That would be trading SPX thru SPY (ETF), not ES - (futures equivalent).
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LOL, nothing like a good TX trend.
I may never make what NEM makes in the copper business, but that's ok + that's not their main business anyway. Even that bunch of commercials or pros like that NEM, seldom if ever beat the SPY benchmark anyway.
But good thing for me i never paid much attention to narrow labels, no disrespect to SEC use of the word pro.
Some one asked Jim Cramer ''are you a trader or investor??" LOL He said " I dont even like the question '', It must be too narrow a question LOL
Thanks.
Seems @newwurldmn still has issues sticking to promises. He went on another poet bender. Thought October was his ET off time, apparently not so.
newwurldmn
You all can follow @PPC and @Hot Shot. I'm sure listening to them will produce the 8 figure returns that Des and I alluded to earlier in the thread.
I also suggest following @DepthTrade. The guy knows how to take a 1MM fictional account and turn it into a 1.01MM fictional account in 4 months.
@wxytrader is another to follow. He believes options are a waste of time, but has created a new term o understand volatility. We all call it Vega.
See you in a month at the earliest. No ET October!
newwurldmn
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You all can follow @PPC and @Hot Shot. I'm sure listening to them will produce the 8 figure returns that Des and I alluded to earlier in the thread.
I also suggest following @DepthTrade. The guy knows how to take a 1MM fictional account and turn it into a 1.01MM fictional account in 4 months.
@wxytrader is another to follow. He believes options are a waste of time, but has created a new term o understand volatility. We all call it Vega.
See you in a month at the earliest. No ET October!
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MOST likely, since a nurse tends to makes good bucks, saved some bucks and or Roth account.
2]May have paid for real estate, with low property taxes, that'$ the way i do it.
3] Paid for auto, with budget[spending plan] Dave Ramsey is right,mostly
4]NOT sure if he was a bee keeper ?? But another business[ cash metals......] helps a lot+ allows for the trade-invest set ups or set downs we like....................................................
5]Savings, local bank, + or money market can be separate from capital account .
Could you clarify what you mean by Technology in the above?
Are you saying that the associated platforms (Marketsmith, others), or Mark's use of them, deemphasized financial analysis in Can-Slim? I've heard that from a long-term MPA participant - that Mark M. looks for 10% pops based on chart patterns and TA, and rarely talks about the financials.
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Read Momentum Masters and you will get a decent feel for Minervini,Ryan.Ritchie and Zangers approach.
James O Shaughnessy concluded that the best growth metric was 6 month relative strength,not Sales or EPS growth. And FWIW,his research favored metrics like P/S and EV/Ebitda.
I would take a look at Portfolio123 and find out for yourself,but IMHO the technical and Money management is what makes them good
James O Shaughnessy concluded that the best growth metric was 6 month relative strength,not Sales or EPS growth. And FWIW,his research favored metrics like P/S and EV/Ebitda.
I would take a look at Portfolio123 and find out for yourself,but IMHO the technical and Money management is what makes them good
I'm very familiar with all of the above. I'd still like to know what you mean by "Technology" in the passage I quoted. Are you saying that Can-Slim related software has subsequently de-emphasized financial metrics in favor of technicals?
to clarify my definition of A legit retail trader who has made it: Someone who started trading without EVER working in the financial field professionally and acquired millions of dollars via trading.
I ask this question because I think these guys are always ignored in favor of: PTJ, Cohen, Schwartz, Destriero (), etc...and this is only natural; there are more books written about Michael Jordan than 2nd or 3rd stringers who barely played (yet they are still a massive success in the grand scheme of basketball).
I have come to the conclusion that the overwhelming % of profitable "retails" fall under 2 categories:
1. They were professionals within the financial realm for years before doing their own thing. These people spent a decade or better in the professional world being mentored and disciplined by real OGs...discovered their niche/edge...and simply exploit it on an orderly basis as an independent "retail". the majority of your profitable traders come from this category...good luck taking money from these guys.
2. They made their money in some other business and can only afford to trade big because they are literal millionaires before even starting. This is more common than you might think...they did not become wealthy via trading. "Im a millionaire trader"...but they were millionaires before even opening a brokerage account.
the fact of the matter is...if you are a retail trying to build your fortune VIA TRADING...the odds are so incredibly stacked against you it is painful to discuss. I would venture to bet that the 95% failure rate for traders is low. actual noob retails with no prior knowledge of the industry starting out with their get rich dreams of making it in the market...99.9%.
So, I ask for some examples of legit retails by the above definition to study out of curiosity.
thanks.
in 2010 there was this thing called Bitcoin. $1000 bought 100,000 coins. such a find today might be a bit more complex. AI and disruptive tech could be a starting place. seems the PEPE coin has some dreamers.
what could be another comparable? it's only a $7B question