Daytraders: How much do you make?

Discussion in 'Trading' started by thetrendfollowe, Nov 11, 2007.

Daytraders: How much do you make?

  1. I trade discretionary and make <$1000 per week

    55 vote(s)
    30.9%
  2. I trade discretionary and make $1000-2000 per week

    27 vote(s)
    15.2%
  3. I trade discretionary and make $2000-5000 per week

    25 vote(s)
    14.0%
  4. I trade discretionary and make $5000-10k per week

    12 vote(s)
    6.7%
  5. I trade discretionary and make $10k+ per week

    19 vote(s)
    10.7%
  6. I trade mechanically and make <$1000 per week

    11 vote(s)
    6.2%
  7. I trade mechanically and make $1000-2000 per week

    2 vote(s)
    1.1%
  8. I trade mechanically and make $2000-5000 per week

    3 vote(s)
    1.7%
  9. I trade mechanically and make $5000-10k per week

    8 vote(s)
    4.5%
  10. I trade mechanically and make $10k+ per week

    16 vote(s)
    9.0%
  1. Surely if they were lying they would all pick the 10k+ category??
     
    #21     Nov 12, 2007
  2. loik

    loik

    The question is:

    "How much do you make?"

    not:

    How much do you lose?/How much do you make or loose?

    And the options are all profits, not losses.

    So 100% of the profitable traders that have voted are profitable, what`s the big mystery?
     
    #22     Nov 12, 2007
  3. Im not a detective trying to solve a mystery, my smart ass friend.

    Im trying to figure out, from all profitable daytraders, who makes more, mechanical traders, or discretionary traders.

    The results so far lean towards the former.

    If you are NOT net profitable then you shouldn't be voting in this poll as there is no category set for you.
     
    #23     Nov 12, 2007
  4. loik

    loik

    :confused:
    that post was meant for the posters who think the results in the poll show that all members of ET make a profit, not just the profitable ones who have voted in the poll.

     
    #24     Nov 12, 2007
  5. Hi Loik,

    I still can't see your point.

    I can't really explain what Im trying to do any better than in my last post.
     
    #25     Nov 12, 2007
  6. So according to the poll results so far.

    13% of all profitable discretionary traders make over $10K+ per week.

    39% of all profitable mechanical traders make over $10K+ per week.

    A 3-fold difference. Interesting.

    Thanks everybody for voting.

    Perhaps my next poll would be to test if what I suspect is true; that there is a strong positive correlation between trade frequency and profitability for the mechanical traders.
     
    #26     Nov 12, 2007
  7. What a joke
     
    #27     Nov 12, 2007
  8. dtan1e

    dtan1e

    sample size is too small to say there is a significant difference between discretionary & mechanical
     
    #28     Nov 12, 2007
  9. Ok, so it was just a bit of fun then.

    Dipper, glad you found you funny bro.
     
    #29     Nov 13, 2007
  10. Nothing personal bro its just that these internet forums are filled with people who stretch the truth> Thats not to say there are not a really good bunch of people here. I just found it a bit funny trying to draw conclusions from a survey like that.

    The sad fact of the matter is the internet has empowered people who prior to these kinds of forums had no outlet for their frustrations in life. Now they can come to places and demand the respect they dont get anywhere and project themselves as they wish they were without any serious repercussions.
     
    #30     Nov 13, 2007