Will Pay $1000 Per Hour For GOOD Mentor
- Thread starter Bullz n Bearz
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why $10000 is a drop in the bucket...
lets say someone is running a (for example) $5 million fund. If that person decides to take my trade and decides to use 20% of the funds money....that would be $1000000.
using $1000000,that money manager could buy about 250 YM contracts. 250 contracts multiplied by 5 points/contract, that's $1250 per point.
$1250 per point multiplied by 167 (my point profit on my last posted YM trade) is $208750.$208750 less $10000 is still almost $200k profit for the money manager.
question:would you pay $10000 to make $200000 in 24 hours?
additionally, this is only one trade.Though no two trades are the same, similar profits can be reaped in the future.
so, is $10000 too much to pay for infinite profits?is $10000 too much to pay for someones trading soul?
think about it........
blackguard
lets say someone is running a (for example) $5 million fund. If that person decides to take my trade and decides to use 20% of the funds money....that would be $1000000.
using $1000000,that money manager could buy about 250 YM contracts. 250 contracts multiplied by 5 points/contract, that's $1250 per point.
$1250 per point multiplied by 167 (my point profit on my last posted YM trade) is $208750.$208750 less $10000 is still almost $200k profit for the money manager.
question:would you pay $10000 to make $200000 in 24 hours?
additionally, this is only one trade.Though no two trades are the same, similar profits can be reaped in the future.
so, is $10000 too much to pay for infinite profits?is $10000 too much to pay for someones trading soul?
think about it........
blackguard
I doubt the kid even has capital to pay $1000/hr at the rate he's blowing up his account right and left every day. And lately teh market has been going WILD! YM, EUR, ZN, JPY, etc. You gotta be able to catch at least something right?
And why set such a high amount and then go on ET with some sob story about how people are mean and want to take his money?
Just set a reasonable affordable amount and learn over time. Even if he had Steve Cohen coaching now him how to trade he wouldn't make $ right away. These things take time to master regardless the high price. Even if you set at $50K/hr but will you be able to learn and apply those techniques right away? The answer is NO. The human brain takes time to learn and adapt new techniques.
just my 2 cents,
99
And why set such a high amount and then go on ET with some sob story about how people are mean and want to take his money?
Just set a reasonable affordable amount and learn over time. Even if he had Steve Cohen coaching now him how to trade he wouldn't make $ right away. These things take time to master regardless the high price. Even if you set at $50K/hr but will you be able to learn and apply those techniques right away? The answer is NO. The human brain takes time to learn and adapt new techniques.
just my 2 cents,
99
someone brought to my attention the fact there was a drawdown on the trade.Yes there was this time.Ive posted many in the past with little or no drawdown.
anyway, 100 pts drawdown multiplied by $1250/point is about $125k.Well, $125k on our hypothetical $5 mil account is only about a 2% drawdown and that lasted a few hours only.
In my opinion, an overnite drawdown of 2% is hardly worth getting excited about.
blackguard
anyway, 100 pts drawdown multiplied by $1250/point is about $125k.Well, $125k on our hypothetical $5 mil account is only about a 2% drawdown and that lasted a few hours only.
In my opinion, an overnite drawdown of 2% is hardly worth getting excited about.
blackguard
I was about to post the same question but then I figured out the answer. I'm a little on the slow side...
Let the market be your mentor.
You state you have 20 points an hour to lose. Take every impulsive trade you see until you reach -20 pts. Then stop and review the reasons you took these trades. Were they underwater immediately or were they profitable at first but you did not get out in time? Would switching over your buy and sell buttons help? Why? Did the entries look 'obvious'? Were your stops too close?
Next hour: take every trade that looks and feels insane. Try it. See how long it takes to lose 20 points.
People can explain things to you but no one can understand things for you.
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