P.S. You're talking about learning a skill from people that won't even leave their environment to "job" it (like you say) for less than 75 -100K/year. Why on earth do you think they're going to fall over themselves for your 10K. You're like the Gringo tourist in the boarder town on vacation that gives the street kids a hard time about a shoe shine for a quarter. They should be "greatful" after all. Sometimes it's all about point of view my friend. Good Luck!
Well, it gets you $10K, and it gets me an opportunty to see someone actually daytrade for a living. Also, to clarify, I didn't say that I want to verify that you can make money. I can make money daytrading. I can't make a "living," which I regard as a minimum return of 100% net disposable after-tax income on my at-risk investment. Like so many others I have encountered, you describe daytrading as if it were magic. There is no such thing as magic in my experience. There is certainly luck, and there is inspiration, and application of craft. ...but no magic (effect without causation).
Another ad hominem. How quaint. Not sure why some many supposedly successful daytraders are so angry? I've already said, no one would be willing to train me. The thread issue is: does anyone make money intraday trading? Answer: probably, but good luck trying to prove it with substantial evidence.
well, the answers are: yes, there are people. i'm one of them, and i'm an insanely small fish in the sea. and i'll never be a BSD. i don't care, i'm quite happy in my little area. i've helped people out before. who were willing to learn, weren't whining, and were respectful / kind. i've done it for free, on my own time, and of my own decision. before i get PMs, no, i'm not looking to help anyone else out at this time. there are plenty of trading rooms out there if you're looking for that direction. i believe john carter and linda raschke run two decent ones. i'm fine if people believe that i can't daytrade / daytrading can't be done.... then i can exist in my own area of the market.
The discussion of "proof" reminds of something I did a few years ago. I sponsored a panel of industry "professionals" - book writers, seminar givers, chat room types...guru's of all sorts. I'm talking the "usual suspects" - names you've seen a million times. I originally had about 28 respondents. I only wanted 6 or 8. I told the respondents that I would like to make this panel "real" - and asked that they simply show me the last couple of years' tax return (segments, not even the whole thing) that reflected only a paltry sum of $50K). Well that narrowed the field down to 4, and 2 were my brother and I, LOL. (Don't ask me for names, LOL). Don :eek:
So if I've got this right the only requirements you have are 5 years of tax returns and then simply to "watch" someone for of a couple of a months(to be defined)? And for this you will pay someone a large multiple of 10K? The person that you observe has no responsiblilty to make you profitable? Is that right? So basically you're willing to pay a dear sum and additionally trade your professional services just to prove to yourself that intraday profitability is possible? Is this right?
I would imagine that those people making substantial daily profits feel that they have nothing to prove to those people who are not. Hence the complete absence of substantiating evidence. regards f9
So you're looking to make 150% per year before taxes What kind of drawdown are you willing to take to earn that kind of return? Gotta have some risk for that kind of reward. I agree there is no magic. But there is no formula that works all the time either.