Hey, take a look at my account statement. Took a loss today but... nothinâ a little MS Word canât take care of. Those spell correction markings really are a bitch. Come on Dave, you can do better than that.
So, first scenario 3.75 points that's 3.75/18.5 = 20 % of range Another possible scenario first trade with 28 contracts 2.5 points ; 28*50*2.5 = 3500,-$ second trade with 12 contracts .4166 points ; 12*50*.4166 = 250,-$ total points 2.9166/18.5 = 15 % of range This scenario is not possible because you cannot make .4166 points on a trade Conclusion, his range must be between 15 % and 300 % so his claims could be true......!!!!!
I specifically traded only the pm because I have traditionally found it easier. It should have been a reasonably volatile day today re retail numbers. Reversed aggressively 13 times looking for that decent trend to at least a pivot point/ major s&r target. Got nothing but chop - and paid for it. Blackjack is easier than this. What a waste of time. Dave can take someone else's money - there is no rhyme nor reason to this market. Don Bright is probably right when he says that remote futures traders are not consistenly profitable over time. Zero sum game. Broker doesn't even say thank you.
Reversed aggressively 13 times .... Blackjack is easier than this.... Rather than staying at the table for so long, you should wong a little. Footnote "Wonging" is a form of card counting that involves playing when the deck is advantageous ("wonging in"), then leaving the table when the cards are no longer favorable ("wonging out"). The technique was popularized by author Stanford Wong, whose books on pro-level blackjack and casino tournaments forged his reputation as a gambling expert.
Define that in this game. One successful reversal looks like an unsuccessful one. And I am not a newbie. I have been doing this since 1998. Time to move on. I am only thankful I was playing with 1-2 contracts at the emini. when I could have done 50-100. At least none of the other gamblers has touched my proper money.
sabena: âHow much points you made, if you take the number of points you made on each trade together?â I traded one contract 40 separate times for an average of 11.125 points per trade minus commissions. Luckily, I have a 99.9% win rate that grants me the ability to take money from all the unsuspecting fools who toil away at their pathetic attempts to trade effectively. After performing the appropriate exponential calculations, Iâve determined that I shall acquire the entire futures industry participantsâ equity in no less than 2.3 months. Surrender? My statement is a phony. I was being facetious. As some people here are aware, I no longer trade with IB. I simply reworked the date and P/L of an old statement to reflect a current positive day. I was trying to impress upon the forum and Dave the ease with which anyone can fabricate an account statement with MS Word and any brand of photo editing software. Such internet-displayed documents are valueless in the pursuit of credibility. I have no opinion as to whether Dave is manufacturing his daily P/L and itâs not really important, because the idea that any screen-based futures trader is capable of profitably turning a 90% win rate over a substantial sample is really quite laughable.
FWIW, today wasn't necessarily just you, it was CHOP after the morning run. A couple other traders I talk to during the day had the same experience in the ES. Tough day overall IMO. 2-B
Thanks for your comment. However I really am doubtful whether you can make a decent income in this business. In the business I had before I was turning over up to $70,000 a week. Then I decided to go into trading. Fed up of the staff problems! Potentially the most expensive mistake I have made in my life, if, like me, you realise that time is far more important than money. Months just fly by in this business when you are making mediocre money!