As I had stated earlier in this thread that you obviously didn't read that 2% a month was a more achievable number and would still make you very wealthy. I then said I make 3-4% a month on my system. I also said once you are successful making consistent money you start to scale it up. When are you going to post your track record? You obviously think 19%/month is doable. I posted my system with all trades and that is just 1 system I run, I have many of them. I spend 95% of my trading day developing/testing new systems. I only spend a few minutes a day actually executing trades. I don't even look at charts, ever! The only thing I ever look at is the current price and the option chains.
Do you think he started with 10 billion? Are you that dense? No, he got there because he showed consistent results of 15% avg/year . People threw money at him to be part of his success. Still waiting for you to post your track record..... waiting....... Let me guess, you won't post anything because you trade 1 lots from your cubicle when you think your boss isn't looking waiting........
Look chubby, you need to wake up and live in the real world. No one cares about you making 20% or 36% on your $5000. 36% on 5k in a year is $1800 dollars. You probably spend 2000 hours a year doing this. You are making less than ONE DOLLAR an hour! $1800 profit in a WEEK is a respectable sum ... actually a fellow poster called schizo made that this week from day trading one contract of the ES mini. Let's say he has $5k. His 1.8k profit represents 36% in a WEEK. If he keeps that up, over 50 weeks, he makes 18x his money. That's 90k. Respectable. Your 36% on $5k...don't hold your breath for investors to come beating a path to your door.
I just went and looked at your previous posts and I can confirm you really dense as a brick of lead mate. http://www.elitetrader.com/et/index.php?threads/fun-money.292644/page-4#post-4192652 Go back and reread what your mentor told you do. The funny thing is I read your list and those are all the things I do and I am successful and you are not. I saw your trading journal.... Down $43K for the year. You should feel shame and embarrassment http://www.elitetrader.com/et/index...o-the-end-of-2013.279924/page-14#post-3920935
This is what you actually wrote. You should reread these 11 points every morning and every night. Your mentor was spot on with all 11 points. Especially point #3 which is what I have been saying over and over and over to you..... Visaria 6,726 Posts 437 Likes My mentor strongly disapproves of day trading. I met up with him last week. Here is some of his objections (but written in my words): 1) waste of life in terms of energy and time taken 2) market is going to go where it wants to , you have no control, therefore how does watching a screen do anything for you? 3) the big money is almost always made over longer periods simply because bigger moves take more than a day to take place. 4) quality of intraday signals is weak 5) day trading is a blue collar occupation sort of like working in mcdonalds or in a factory...you're working for the market rather than letting the market, capitalism, the system, call it what you will, work for you. 6) day trading is generally entertainment focused rather than profit focussed. 7) the costs of trading distort the risk reward ratio adversely when looking for small moves. 8) daytraders are competing with algos , hft and supercomputers. good luck with outsmarting them! 9) about 5 in a 1000 (yes a thousand) day traders make serious money. some make a bit of money, but they never make it to the 5 in a thousand, the rest lose. 10) your eyes, brain and penis will eventually cease to operate if you keep staring at a screen. 11) there is no need to day trade to make money or to become wealthy
But chubby, i control a 7 figure account! You can't compare running $5k with that. And losing years...pretty much everyone has them. A 4% loss in a year is not a big deal tbh. The $25k account i have kinda neglected..i might start that one up again since i don't want to lose the bet with my mate.
Keep on losing money mate. It is muppets like you that I make money off of. Your loses are my gains. Remember that when you lose money again on Monday Now go back and listen to your mentor
My mentor's views are more for those who have sufficiently sized accts. That's why he told me them. I seem to fluctuate between agreeing with him and disagreeing. Atm, due to the daily volatility in say the ES, i would favour day trading quite heavily. Otherwise you are stuck making a grand a year on your 5k!!!
You control a 7 figure account but you want a refund on a $249 course...... Also buying that course shows you are grasping for straws and have no idea how to trade http://www.elitetrader.com/et/index.php?threads/i-have-bought-al-brooks-trading-course.294140/
No, i quite like the course. Don't want a refund. Already explained in the thread i couldn't care less about $250. I would recommend it to you!