Day traders making 50+% returns per month lets talk money managment

[SpiritBeing]

Nobody answered my question about who would be counterparty to a trader making > 50% per month.

It's pure schoolboy fantasy; Starting with 1K you'd have over 2 billion in 3 years.

1000 x 1.5^36 = 2,184,164,409

Anyone who thinks this is possible is thick. Yet this guy is claiming this as a minimum return.:whistling

ITS NOT OPTION TRADING......stop going on about counterparties

YOUR A DICK...I HAVE SAID SOOOOOO MANY TIMES

MY STRATEGY MAXES OUT AT $2M.....YOUR A FOOL

 

[SpiritBeing]

your calculations assume compounding. That simply isn't a feasible assumption for day traders, especially those practicing full-time. Also, don't forget about liquidity concerns.

The very few day traders in the world who are able to accomplish such returns (yes, there are a few) usually withdraw all their profits. Finally, as they gain more and more experience, they don't increase their position size beyond a reasonable amount.

So, extending the ops returns to a compounding frame of thought is useless and a waste of time.

amit! Dont reply to this chump...he has no clue

 

[SpiritBeing]

See, this is the real secret of trading and untold riches. It's not about method, skill, exerience or any of those minor and generally unimportasnt factors.

Instead, it's ALL about belief, believe you can do it and you'll be rich :cheesy:

 

[SpiritBeing]

Anyone who uses the term 'haters' better be 16 years old or under and have no brain/thoughts thanks to watching too much MTV, or they must be American.

Otherwise it's a pathetic term and makes you sound like moron.

what has lingo got to do with the markets?....keep your opinion on my lingo to yourself

And yes I watch MTV.....Im sure there are many millionairs who watch MTV

 

[Ted1983]

ITS NOT OPTION TRADING......stop going on about counterparties

YOUR A DICK...I HAVE SAID SOOOOOO MANY TIMES

MY STRATEGY MAXES OUT AT $2M.....YOUR A FOOL

From Wikipedia; A counterparty is usually the entity with whom one negotiates on a given agreement.

The term counterparty applies perfectly well to any trading agreement, you DICK.
Also you never said anything adout scalability in the OP, FOOL.

edit: CFTC defines counterparty as

•The opposite party in a bilateral agreement, contract, or transaction, such as a swap. In the retail foreign exchange (or Forex) context, the party to which a retail customer sends its funds.

 

[SpiritBeing]

The OP assumes compounding. He was asking for people making 50% on a consitent basis. Like you said there wouldn't be enough liquidity after awhile, which is what I already said.

SHUT UP GUYS AND READ THE FULL BLOG......I AGREE AND SAID THE COMPOUNDING WILL BE EFFECTIVE TO A CERTAIN POINT..SO STOP GOING ABOUT IT.....I AM FULLY AWARE OF COMPOUNDING...capabilities and limitations

 

[SpiritBeing]

From Wikipedia; A counterparty is usually the entity with whom one negotiates on a given agreement.

The term counterparty applies perfectly well to any trading agreement, you DICK.
Also you never said anything adout scalability in the OP, FOOL.

edit: CFTC defines counterparty as

•The opposite party in a bilateral agreement, contract, or transaction, such as a swap. In the retail foreign exchange (or Forex) context, the party to which a retail customer sends its funds.

Ok Ok...sorry...I thought you meant it in a different context! but that still doesnt mean your point isnt pointless

YOUR ASKING A REDUNDANT QUESTION AND TRYING TO MAKE AN IRRELAVENT POINT.

WHO CARES WHO TAKES THE OTHER SIDE OF MY TRADES....who gives a ****...i dont

Unless you are trading options...what use is knowing who takes the other side of 1 contract...(which is what i will start trading with)..how does this help me

Im willing to learn so please inform me and im being totally serious

 

[JoelJ]

Ok Ok...sorry...I thought you meant it in a different context! but that still doesnt mean your point isnt pointless

YOUR ASKING A REDUNDANT QUESTION AND TRYING TO MAKE AN IRRELAVENT POINT.

WHO CARES WHO TAKES THE OTHER SIDE OF MY TRADES....who gives a ****...i dont

Unless you are trading options...what use is knowing who takes the other side of 1 contract...(which is what i will start trading with)..how does this help me

Im willing to learn so please inform me and im being totally serious

I *think* what Ted means is that many CFD companies can have a vested interest in the trading that you do, which means that the more money you make, the more they lose. Obviously, they're gonna have to do something if they see themselves losing money over you... I guess either messing with quoted prices (does this really happen?!?! people say it does!!! I dunno) OR perhaps more likely saying that you're no longer welcome at the casino, ahem, I mean their company
This is not true for all such companies though, so you need to find a company that fills your buy/sell on the market (I believe this is called giving you, the client, Direct Market Access - DMA), rather than hedging against your position. I believe ProSpreads is one of these companies - and I see that you already mentioned them I have no idea about 'Velocity'(?) and how they work.

These DMA types of companies often ask for bigger deposits to be made when opening an account and/or can introduce more hurdles when opening the said account.

But as I said, I'm a newbie really - so please take the above with a big pinch of salt and do some investigating on this subject :smart:

 

[SpiritBeing]

I *think* what Ted means is that many CFD companies can have a vested interest in the trading that you do, which means that the more money you make, the more they lose. Obviously, they're gonna have to do something if they see themselves losing money over you... I guess either messing with quoted prices (does this really happen?!?! people say it does!!! I dunno) OR perhaps more likely saying that you're no longer welcome at the casino, ahem, I mean their company
This is not true for all such companies though, so you need to find a company that fills your buy/sell on the market (I believe this is called giving you, the client, Direct Market Access - DMA), rather than hedging against your position. I believe ProSpreads is one of these companies - and I see that you already mentioned them I have no idea about 'Velocity'(?) and how they work.

These DMA types of companies often ask for bigger deposits to be made when opening an account and/or can introduce more hurdles when opening the said account.

But as I said, I'm a newbie really - so please take the above with a big pinch of salt and do some investigating on this subject :smart:

Exactly friend....Pro spreads give DMA so this isnt a problem and PROSPREADS is the broker i will be using.....VELOCITY ARE MY BACK UP!....but again...another guy who didnt read the blog properly

im busy at work at the moment i will respond to your private msg when i finish... I want to explain my strat in more detail...pictures...the whole works( without giving away my secrets )

I JUST LOVE TALKING MARKETS!

 

[Shakone]

14 pages, no substance. Lot of hot air. Maybe the guy can do it, maybe not. The chances are he can't. No live calls, no statements, no evidence of any success. A lot of typing in capitals, emotional reactions and sensitivity to others complaints, which leads me to think, the chances of success are even less. Many things that don't make sense about the entire story, but the thread continues.

With respect SpiritBeing, why not just get on with posting results and shut everyone up with what you can do.

By the way, I like your can do attitude. Sadly, I can't do 50% a month, so I'm waiting to see it done. but I do't think it is impossible.

 

[SpiritBeing]

14 pages, no substance. Lot of hot air. Maybe the guy can do it, maybe not. The chances are he can't. No live calls, no statements, no evidence of any success. A lot of typing in capitals, emotional reactions and sensitivity to others complaints, which leads me to think, the chances of success are even less. Many things that don't make sense about the entire story, but the thread continues.

With respect SpiritBeing, why not just get on with posting results and shut everyone up with what you can do.

By the way, I like your can do attitude. Sadly, I can't do 50% a month, so I'm waiting to see it done. but I do't think it is impossible.

If you actually study the post i havnt been getting emotional and the capitals are simply for effect!...i keep trying to explain im not here to convert people or change their opinions....what purpose does this serve?

I just want to talk to similar minded people and thankfully i have found a couple of people im talking to privately now and its very productive

Im uttering the same vibe as you....WASTE....i dont care if people believe me or not

Thanks for the kind comment at the end

too much bull and no substance

 

[Dommo]

Whoooh, whoooaoooh....
Spirit Being, Spirit Being, living in the Spirit World
Are you big and are you strong, or are you just a little girl?
Will you answer, if I ask, or is it much too hard a task
When you died, became a Spirit, did they put you in a flask?
From beyond the grave you trade, scalping here, another raid,
making millions every month, wondering why you don't get laid,
You try to make a point on here, you might as well be chugging beer,
But spirits do not mix with beer, or chunder-land is very near...
whoooh, whoooaooooh, Spirit Being, Spirit Being, trading in the Spirit World...

 

[SpiritBeing]

Whoooh, whoooaoooh....
Spirit Being, Spirit Being, living in the Spirit World
Are you big and are you strong, or are you just a little girl?
Will you answer, if I ask, or is it much too hard a task
When you died, became a Spirit, did they put you in a flask?
From beyond the grave you trade, scalping here, another raid,
making millions every month, wondering why you don't get laid,
You try to make a point on here, you might as well be chugging beer,
But spirits do not mix with beer, or chunder-land is very near...
whoooh, whoooaooooh, Spirit Being, Spirit Being, trading in the Spirit World...

THAT WAS WICKED.....

ps ...i actually wasnt making any point....are you a song writter?=

 

[Dommo]

THAT WAS WICKED.....

ps ...i actually wasnt making any point....are you a song writter?=

Glad you liked it - been a slow day for me!

 

[SpiritBeing]

Glad you liked it - been a slow day for me!

you trading today?...if so what is your style?

 

[Dommo]

I look for phenomena that are statistically/empirically probable over the long run - although I'll say no more than that. I wish you luck with your project.

 

[Black Swan]

Anyone can give a reason for taking a trade AFTER they know the result. Anyone can get a 100% win rate doing that.




Live calls with underpinning strategy BEFORE the trade is the best answer. It cuts out all the BS.
IF YOU CAN'T DO THAT, THEN YOU ARE NOT A REAL TRADER.

The charts dont lie, paper traders do..

 

[amit1986]

The OP assumes compounding. He was asking for people making 50% on a consitent basis. Like you said there wouldn't be enough liquidity after awhile, which is what I already said.

The OP never assumed compounding. Furthermore, consistent profitable trading never extends into a compounding framework - neither for day traders, position traders, or swing traders. You'd be an idiot if all you did was continuously reinvest all your profits.

My point is simple: after years of trading, there are a few day traders out there who can achieve such gains. However, they usually take out all of their profits and therefore, cannot reinvest into the markets. Thus, your compounding argument falls apart.

 

[piparb]

you trading today?...if so what is your style?

My style is arbitrage , performance 98% , in last two weeks from 100k to 5m .

If they will pay this ??? I dont know ......:cheesy:

The problem is not the 50% , the transactions are the problem.....

 

[Jack o'Clubs]

Ok, so 120 posts in, and nothing from Spirit Being on money management (supposedly the theme of this thread) let alone trading.

SB - can you cut to the chase and sell us all your course now rather than waste another 100 posts on this nonsense? Ta.