I realize what I did just say may not be very ethical. Nevertheless, in terms of opportunity, I can't view it otherwise.
Well I never discuss the details of my accounts in public .... But i was on the floor of the Merc in 1987 during the stock drop ..... several people lost millions - they didn't show up on the floor after that - one person made 1M on an error ..... All of this was exceptionally good training for the day I started trading my own capital.
Was the person with the good error with Goldmans? I know someone that was on the otherside of a 1m error on that day.
what i wonder about is: what are the mechanics that make you a 100k a day trader from a 1k a day trader? i bet it has a lot to do with the firms you guys are trading with not?
I think it's just consitency. I've only been trading 4.5 years, but when you get to the stage where u r consistent, u just edge up the size periodically. Before you know it the 500 days are now 5000 and on the really good days you might make 40 or 50k. Thing is there is always someone bigger and better than you, just like your question I kinda ask myself how i get to the consistent 20-30k days (given normal market conditions). I guess I gave myself the answer already! anyway main thing is don't push it unless you are doing well, are consistent, and comfortable. Oh and the firm should be irrelevant. Any decent firm seeing a consistent trader will support size increases.