Is it easy to make a lot of money?

tomorton said:
The board seems to be peppered with a lot of threads asking, can I make 2% a day? / $150 a day? / 100% a year? / and so on.

If you have to ask such questions, you're still an apprentice. When you're an apprentice, trading isn't about what you can make from trading, it's about how well you can execute each trade. One day at a time, one trade at a time. When each one is pefect, the question will have answered itself. Then you're not an apprentice any more.
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No
 
First, I didn't mean to imply your are lazy. I don't know you. By many of your comments, it would imply to many that all you do is open the platform, place a trade, and cash in 10%.
Also, 2% is worth falling out of bed for many traders. Many would be insulted by that conment, especially if there is a resemblance of consistnecy in doing it.
The err that has been created by your inferences is what makes a lot of people sick (I'm saying that constructively.). If you make 10% per trade off 6 trades per month ,then great! But. don't make other people feel like they are your armpit if they only make 2% per trade off 30 trades. The fact we have any kind of gain at all puts us in the top 10% of all traders.
I understand the fact that you started earlier this year, and so you are floating on cloud 9, because of recent trading successes. We also know you have something to sell, because you are a vendor. Let me assure you of something. Prove your track record, adn you will be innondated by requests, whether it be PM's, e-mails, or visits to your site. I am talking from personal experience, and I sell nothing.
You're right. I have to admit that is not bad. But you have to admit that the winning track reocrd of your coharts are not bad either, regardless of what their percentage is.



MarketMoverTrader said:
I agree with everything you're saying. I'm just talking about my particular approach. I'm very busy so I do get out of bed, but not for trading - I run a business. I never said 2% a day, every day, was possible. I don't trade every day, but when I do I don't bother setting everything up and preparing my strategies etc. for 2%. I don't take any trade where I don't think I'll get at least 10%, but I don't always win of course - makes sense so far right? I put a lot of effort and time into learning and preparing (far more time than I actually spend trading). Often at 6am or up to midnight to learn and prepare what I need- lazy you say? And the fact is my trading results have been good, love me or hate me as a lot seem to do), that is the fact of the matter. So far this month: 10 trades, 8/10 wins, no more than 10 mins a trade, up 76.76% You have to admit, that is not bad. Or maybe to seasoned traders it is bad, but I'm happy and that's all that matters. And no, that's not dumb luck - I've been consistent since I started, albeit only earlier this year. So as you see, I'm also 'talking everyday reality'.

Let me put this in for added 'luck' :clover:
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The "blind leading the blind" comment he made is something that experienced traders are well aware of. Your rhetoric has come across as a vendor than one as being a trader. The experienced has no problems discerning that. Vendors of any type usually have something to sell, because they do not know how to trade themselves. They are excellent salespeople, though. They can peddle garbage and get people to eat it.
You've made some candid comments but without the track record. That is why the inference was made, "See you in a year." (Not verbatum.).


MarketMoverTrader said:
Oh wow, thanks. So the insult come standard for joining in the forum discussion and you’ll be so kind as to revoke it if I’m still successful after a year. Is this what true traders like yourself have to do – prove yourself for a full year before you get to such a level that you don’t get insulted? What do you have to do to get a compliment, make 100% a month for 2 years? Anyway, it’s a deal - see you in a year. Why not just admit I didn’t actually do anything to you and take it back anyway, not that I care either way.

I don’t know what ‘blind leading the blind’ you’re going on about. I’m not following anyone blindly, nor am I asking anyone to follow me. I think you’re confused about something there. It’s nothing to do with my business - I'm just using a particular system, and I haven't told anyone else that they should, have I? I’m also not sure why you say it's cr@p, I made 25% on Friday, and another 13% on Consumer Confidence today, but didn’t trade yesterday at all. I have only made 11 trades this month.

You must understand that I'm not saying I go for 10-20% EVERY DAY, but it's a common occurrence on the days I do trade. I'm talking about trading futures, not forex or stocks or whatever else. Maybe you’ve never experienced trading eminis? I don’t know. My trading style is to go for single points (10% ROI per point) on the eminis. If you’re offended by that, I really don’t know what to tell you.

Maybe you simply don't believe me? I don't really mind if you don’t, but I’m not sure why you would think I'm lying about it. I understand if you’re not exactly congratulating me for my success only over a 5-month period, it’s not a long time, and I haven’t asked for anything from you anyway. But I really don’t know why you feel the need to berate me. Okay, so you think I’m ‘a joke’ – I’m laughing with you in that case. In a year either it’ll just be you or me left laughing. I hope it’s me, maybe it’ll be you.

And I made a video of my trading style, which proves that I'll always be a better trader than you.

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Reply to last 2 comments by 4xpipcounter:

Sorry, you seem to have misunderstood my presence here, as have a lot of people. If you go back to any of my original comments on any posts you will see they are just posts of someone who is excited about trading, was glad to discover a forum like T2W, and jumped in with some enthusiastic comments about his own experience. Every comment I made was 100% relevent to the topics at hand.

I'm sorry if I 'implied' that I do "is open the platform, place a trade, and cash in 10%" - although if I didn't explicitly say that, don't crucify me as if I did. I made a light-hearted comment once about only getting out of bed for 10% - but I get out of bed early, and work damn hard for it. I did not actually imply any of the things that people started imagining that I was saying. Man, what a drag this has been.

And if people feel like 'my armpit' (that's a technical term I haven't learnt yet?) form anything I've said, that's their own fault quite honestly. Again, all I did was jump in and say what I do. I didn't say anything about anyone else's tactics. I reckon even 5-10% a month is great, if it's consistent. If you're beating inflation with your investment - respect to you. I couldn't do this until this year. I just didn't think people needed me to explicitly say that I don't think they're idiots, or whatever.

All I've done since my original posts is spent a crazy amount of my time rebutting all sort of comments that, mostly, don't make complete rational sense. It just seems like a lot of egos tring to knock me back down. Yes, I'm new to trading and I arrived with things to say, get over it guys. I haven't posed a threat to anyone or insulted anyone (even though I have been insulted quite openly). I have obviously offended people, but I find life is full of over-sensitive types that get their back up over nothing, so I'm not too sorry about that.

I'm not sure why you are calling me a vendor, not even 100% what that means in trading terms. I haven't tried to sell anything to anyone - I use a system that wasn't 'sold' to me. Qite simply a friend was using it successfully, so I paid to use what he does. I'm just happy to mention what I'm doing/using and what results I have - that's acceptable on a trading forum. I thought this would be more of an accepting and 'professional' community of people actually interested in others doing things that work. I know I certainly am keen to find other stuff that works. again, that's why I'm here.

And what cohorts are you taling about? I've mentioned myself (whom I can certainly speak for), and I made passing reference to a friend of mine. I got into futures because he was making over 100% per month, consistently. He has done so for over a year now. All I did was ask him to show me what he does, and he did. Now I appear to be on my way to doing the same. That's all.

I'm not here to prove anything and get people flooding to my site either. I'll join discussions, be candid about my own experience and results (which I have), and learn what I can. Or offer my insight if I have one. That's what everyone is here to do right? So if anyone doesn't like when I do it, I really can't do much about it.

Yes, I've made some candid comments, as you said - but only ones based in fact about my results. I've been open that I've only been profitable 5-months in a row, and I only started learning in March. That's why i'm on a forum like this.

Peace brother, and don't get rickrolled again.
 
MarketMoverTrader - I must have misunderstood - when most people talk about a multi-trade return on trading, they mean return on their total capital available for trading. On an individual trade, this could be a % change in price of the instrument traded.

But what do you mean by % made? You made 25% of what exactly on Friday?
 
tomorton said:
MarketMoverTrader - I must have misunderstood - when most people talk about a multi-trade return on trading, they mean return on their total capital available for trading. On an individual trade, this could be a % change in price of the instrument traded.

But what do you mean by % made? You made 25% of what exactly on Friday?
Click to expand...

I made 24.24% total return on investment over 2 trades on Friday - $121.20 for each $500 emini contract traded.

(Before anyone gets offended agian - I am just answering this user's question)
 
Everyone in tis forum who is winning consistently is what I was referring to when n said coahrts.
You have the vendor label next to your name. You also had the vendor talk.
As far as trying to knock you down is concerned, I can speak for myself. I want you to do well and am glad that you are. It's good competition. Just keep up the good work!
Now, I got to figure out what "rickrolled" means. (Better not. It might be another can or worms opening.)


MarketMoverTrader said:
Reply to last 2 comments by 4xpipcounter:

Sorry, you seem to have misunderstood my presence here, as have a lot of people. If you go back to any of my original comments on any posts you will see they are just posts of someone who is excited about trading, was glad to discover a forum like T2W, and jumped in with some enthusiastic comments about his own experience. Every comment I made was 100% relevent to the topics at hand.

I'm sorry if I 'implied' that I do "is open the platform, place a trade, and cash in 10%" - although if I didn't explicitly say that, don't crucify me as if I did. I made a light-hearted comment once about only getting out of bed for 10% - but I get out of bed early, and work damn hard for it. I did not actually imply any of the things that people started imagining that I was saying. Man, what a drag this has been.

And if people feel like 'my armpit' (that's a technical term I haven't learnt yet?) form anything I've said, that's their own fault quite honestly. Again, all I did was jump in and say what I do. I didn't say anything about anyone else's tactics. I reckon even 5-10% a month is great, if it's consistent. If you're beating inflation with your investment - respect to you. I couldn't do this until this year. I just didn't think people needed me to explicitly say that I don't think they're idiots, or whatever.

All I've done since my original posts is spent a crazy amount of my time rebutting all sort of comments that, mostly, don't make complete rational sense. It just seems like a lot of egos tring to knock me back down. Yes, I'm new to trading and I arrived with things to say, get over it guys. I haven't posed a threat to anyone or insulted anyone (even though I have been insulted quite openly). I have obviously offended people, but I find life is full of over-sensitive types that get their back up over nothing, so I'm not too sorry about that.

I'm not sure why you are calling me a vendor, not even 100% what that means in trading terms. I haven't tried to sell anything to anyone - I use a system that wasn't 'sold' to me. Qite simply a friend was using it successfully, so I paid to use what he does. I'm just happy to mention what I'm doing/using and what results I have - that's acceptable on a trading forum. I thought this would be more of an accepting and 'professional' community of people actually interested in others doing things that work. I know I certainly am keen to find other stuff that works. again, that's why I'm here.

And what cohorts are you taling about? I've mentioned myself (whom I can certainly speak for), and I made passing reference to a friend of mine. I got into futures because he was making over 100% per month, consistently. He has done so for over a year now. All I did was ask him to show me what he does, and he did. Now I appear to be on my way to doing the same. That's all.

I'm not here to prove anything and get people flooding to my site either. I'll join discussions, be candid about my own experience and results (which I have), and learn what I can. Or offer my insight if I have one. That's what everyone is here to do right? So if anyone doesn't like when I do it, I really can't do much about it.

Yes, I've made some candid comments, as you said - but only ones based in fact about my results. I've been open that I've only been profitable 5-months in a row, and I only started learning in March. That's why i'm on a forum like this.

Peace brother, and don't get rickrolled again.
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Ah well, you're the second person to take that post literally. Good luck with the other thread though!

(The other chap responded with "I don't trade unless I'm going to make at least 10% during the day", and he was being serious..!)
 
meanreversion said:
Ah well, you're the second person to take that post literally. Good luck with the other thread though!
Click to expand...

Thanks! Not taking it too literally - it just sparked a thought that I eventually decided to act on. If it makes me rich, you're the inspiration and maybe I'll cut you a commission cheque!
 
I just had a quick look at that thread and it looks like you're shooting for 40% a month. In a way, it sounds very similar to the other, recent thread entitled "How to make 100%".

My question for this type of project will always be the same - what magnitude of drawdown do you anticipate in attempting to achieve 40% a month (which is a phenomenal return)?
 
meanreversion said:
I just had a quick look at that thread and it looks like you're shooting for 40% a month. In a way, it sounds very similar to the other, recent thread entitled "How to make 100%".

My question for this type of project will always be the same - what magnitude of drawdown do you anticipate in attempting to achieve 40% a month (which is a phenomenal return)?
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That is the best answer to this type of question, most people completely ignore the drawdown issue largely because they are unaware or will not accept that high returns go hand in hand with high drawdown.

Doesn't matter whether its over leveraged trading or AIM trading - yes 10% a day or whatever is possible under those circumstances, but so is 10% or more drawdown...
Regarding AIM or over leverage, maintaing high returns every day is impossible anyway.
In reality it usually ends up as win big lose even bigger or with the "100% strike rate systems" regularly win small and massive blow up once.

Every trade or strategy should ALWAYS address risk and drawdown before upside potential is even looked at. Ultimately you either have to be a realist in the first place or learn the hard way. Beats me why some choose to learn the hard way when it invariably means large or total loss...

As for these live call snake oil punters, learn HOW to trade, not WHEN to trade from someone else. Sad thing is, as far as strategy goes, Mr charts thread and 3 ducks gives enough info on HOW to trade for free, without anyone needing to resort to some of the dubious offering touted around.
 
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You will notice that no reply was forthcoming to my question, but it never is.

40%/day/week/month yeah whatever. Only two ways you're gonna get there.. stake a large amount of equity per trade and/or suffer significant drawdown.

There is a casino just around the corner from me on Berkeley Street. You could take all your money and put it on red and if you're right - guess what - +100% in ONE MINUTE!!!!!
 
meanreversion said:
You will notice that no reply was forthcoming to my question, but it never is.

40%/day/week/month yeah whatever. Only two ways you're gonna get there.. stake a large amount of equity per trade and/or suffer significant drawdown.

There is a casino just around the corner from me on Berkeley Street. You could take all your money and put it on red and if you're right - guess what - +100% in ONE MINUTE!!!!!
Click to expand...

LOL,I sometimes think thats part of the problem, basically gambling addiction as you say. Basically its a sh!t or bust gamblers mentality which has no place in trading if longevity and survival is desired : )
 
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