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Old Jul 9th, 2012, 03:49 PM   #1
chipmunk
 
 
Join Date: Aug 2008
Location: UK
Posts: 845
all good.

Low stress,
Clear rules,
Low draw downs,
Doesn't trade every day.
Usually in and out just once.
Doesn't need constant screen watching as long as i can se prices every half an hour or so.

It's about the best way to day trade I have come across.

I do not really enjoy day trading but means must. I have tried other businesses and lost money every time. The grass isn't always greener.

So...i am thinking of getting a few (<10) big investors in or trying to. NO.I am not solicatating funds here. I will not trade U.S.A. money.(no offence but your Government is too full of B*S* when it comes to managing cash.)

Any thoughts?
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Old Jul 9th, 2012, 03:52 PM   #2
logic_man
 
 
Join Date: Oct 2010
Posts: 1,489
Quote:
Quote from chipmunk:

all good.

Low stress,
Clear rules,
Low draw downs,
Doesn't trade every day.
Usually in and out just once.
Doesn't need constant screen watching as long as i can se prices every half an hour or so.

It's about the best way to day trade I have come across.

I do not really enjoy day trading but means must. I have tried other businesses and lost money every time. The grass isn't always greener.

So...i am thinking of getting a few (<10) big investors in or trying to. NO.I am not solicatating funds here. I will not trade U.S.A. money.(no offence but your Government is too full of B*S* when it comes to managing cash.)

Any thoughts?
8 months might be a bit soon to get outsiders to invest, but perhaps some people you know might be interested.

What you trade can make a difference, too, since not all instruments are equally scalable. I'm sure you know that, but you did ask for thoughts.
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Old Jul 9th, 2012, 05:04 PM   #3
spanish89
 
 
Join Date: Aug 2008
Posts: 3,506
5% per month?!

Sorry mate but that is actually a shameful and pityfully low % return of profit!! LOL


If you were generating 5% per week (20% per month), and were doing that every single week, 50+ weeks per year,
THEN you would be classed as a ''moderately skillful'' trader.

You still wouldn't even be close to being an expert or highly skilled, but would atleast be moderately good.


However if you are scraping by on just 5% per month you really need to go back and do ALOT more research into trying to develop and improve your stratergy that will give you a decent % return.
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Old Jul 9th, 2012, 05:17 PM   #4
Jgills
 
 
Join Date: Aug 2011
Posts: 321
Quote:
Quote from spanish89:

5% per month?!

Sorry mate but that is actually a shameful and pityfully low % return of profit!! LOL


If you were generating 5% per week (20% per month), and were doing that every single week, 50+ weeks per year,
THEN you would be classed as a ''moderately skillful'' trader.

You still wouldn't even be close to being an expert or highly skilled, but would atleast be moderately good.


However if you are scraping by on just 5% per month you really need to go back and do ALOT more research into trying to develop and improve your stratergy that will give you a decent % return.
... is this sarcasm?
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Old Jul 9th, 2012, 05:19 PM   #5
d08
 
 
Join Date: Aug 2008
Location: Makati, Philippines
Posts: 1,606
Can you spare a billion spanish89? With your numbers, you wouldn't even notice it's gone.
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Old Jul 9th, 2012, 05:52 PM   #6
spanish89
 
 
Join Date: Aug 2008
Posts: 3,506
No its not sarcasm, was completely and totally serious.
Sorry, but 5% per month is pityful!!


Seriously, if you have £10,000 capital and yet you are only able to make £500 net profit per month from that you are doing an extremely poor job in trading!

When i had 10k capital i was generating £500 - £1,500 net profit from that PER DAY, every single day, for dozens and dozens of days in a row.

(Don't take my word for it, read my 1,200page journal where i livecalled inadvance each and every one of those trades for weeks and months. http://www.elitetrader.com/vb/showth...hreadid=134046)



And so sorry but if you have £10,000 and yet you are merely earning £500 profit per month from that,
you are barely more than a newbie.

And especially if that 10k is spare money,
not money which you need to actually withdraw every weke to pay for rent, food and living costs,
but yet you still can only earn 5% profit per month from it, you may as well just giveup trading and find a job that you are actually skilled at!
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