Day Trading to Multimillionairedom

Discussion in 'Trading' started by Blaze, Jul 1, 2021.

  1. Tradex

    Tradex

    So for you $40 is not money, eh?

    If you can consistently make $40 a day and pyramid your profits, you will soon be able to make $1 000 a week, then $2 000 and so forth..

    In trading there is no such thing as a "small" profit. Profit is profit, period.
     
    #101     Jul 2, 2021
    KCalhoun likes this.
  2. Dustin

    Dustin

    I gave Ken some shit (in jest) because he's been trading for over 20 years. So $40 is a rounding error if you can even call it that.
     
    #102     Jul 2, 2021
    d08 and KCalhoun like this.
  3. Tradex

    Tradex

    How is your long puts strategy doing by the way?
     
    #103     Jul 2, 2021
  4. Millionaire

    Millionaire

    What happened to all the Locals who traded size in German Government Bonds back in 2010, when that video was made

    You know those Prop traders at all those European 'trading arcades' where you paid $2000+ a month for trading software and a desk

    They seem to have gone extinct :wtf:
     
    #104     Jul 2, 2021
  5. Dustin

    Dustin

    Told the wife last night that today was a $100k setup, but only made $50k so kind of shitty. How is your trading going?
     
    #105     Jul 2, 2021
    d08 likes this.
  6. You have been around since 1999 on ET, so you have seen things.

    This brought back memories. I started in September 1998, and I was petrified during my first 6 months. When I took a shower, I could see my hair falling off, and I was 22 years old! I also had a very sharp, constant, pain in the back of my neck. It was stress for sure. I simply could not pull the trigger. I had become very good friends with the star trader on the desk (23 years old), routinely making $100K+ a day. He even made it to the cover of New York Magazine, and articles in Fortune/Forbes.

    I think my friendship with him is what kept me around. Around 6 months into it, he stood behind me, and said: I want you to lose, lose a lot, every day. Fucking lose.

    Instinctively, I knew what he meant: You have nothing to lose, you are a prop trader, PULL THE TRIGGER.

    And the rest is history. Incredible life, etc.

    You can't tell people to grow a pair, when I have much, much bigger balls than you, and I can fucking prove it ;)

    By the way, both 2 options imply the same answer. Think about it...

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    Last edited: Jul 2, 2021
    #106     Jul 2, 2021
    Dustin likes this.
  7. Tradex

    Tradex

    Are you implying that $50K is your average profit per day?

    Beating the crap out of the S&P 500 and the Nasdaq, that's for sure.
     
    #107     Jul 2, 2021
  8. Dustin

    Dustin

    Of course not, today was a good day but I knew the setup was there from yesterday. Good for you.
     
    #108     Jul 2, 2021
  9. Tradex

    Tradex

    Wow, that's kind of extreme, isn't it?
     
    #109     Jul 2, 2021
  10. I was concerned. Whenever I took a shower, I could see a fair amount of hair, falling off. I guess that was my initial reaction to stress. And the ultra sharp pain in the back of my neck.

    12 months after I started trading, no more hair falling off, no more pain in the back of my neck.

    MAKING MONEY HEALS, HALLELUJAH!!!

    PS. Your buddy Dustin @Dustin is so quiet. He doesn't want to play...

    From the guy who tells his wife he expected $100K THE NIGHT BEFORE (why on earth would you say these things!), but only got $50K in a day, which he considers "kind of shitty". Fuck, you cannot make this shit up!!!
     
    Last edited: Jul 2, 2021
    #110     Jul 2, 2021
    jl1575 and Tradex like this.