Yeah, my mistake. I took it as 10-15 points per day. 10-15 trades is meaningless and not indicative of anything other than simple frequency. He may be a guy trading for a single tick. Who knows.
dont forget, he still has a friend that makes 10 pts per day. that is a claim straight from his mouth. also, he clearly says he goes for at least 1 pt but mostly 2 pts.
eg Make $100 on 20 trades, then lose $1500 on the next one. You hardly ever lose but your edge (overall profitability) is quite small.
10 pts per day? :eek: Wow - that's $500 per contract! I could trade 3 contracts in my 7k account and make $1500 a day! That's $7500 a week! $390,000 a year!! OMG I'm gonna quit my job at Taco Bell!!!
yes that is an example of not losing much but smaller edge al says time and time again he only takes quote 'high probability trades' because he does not like to lose. but he cannot point to all these high probability trades. if you read his stuff on his website, its, that might be ok, this might be ok, blah blah. where are the high probability trades he loves to take 10 times a day?
Sounds like every other charlatan out there. The trading industry is full of them. They all make these types of claims. But never provide any hard proof.
he also said the friend that makes 10 pts a day stays at i think 13 contracts is what he said, because that is his 'comfort level' if im making 10 pts per day for years, you better believe my comfort level is going higher than 13 contracts. its all so bizarre.