just stopping in to say hello... still following the markets but from afar. I have my long term systems still tracking it that I check week to week. when the job losses stabilize thats when the market will turn.. chris
1% a month might seem modest, but for a futures account, 1% a month OVER THE LONG HAUL puts one automatically in the elite, since most futures traders will lose more than they take out in the markets. In futures trading, there are some winners, but a whole lot of losers.
Even though I don't agree with b1, if he makes 2% of tlnw, it will be far more % wise return on the acount. From what he posted before a 2 % tlnw stop on just his es account would amount to a 20% draw down on it so a 2% gain of tlnw would be roughly a 20% gain on his es trading account.
You are too funny. So a trader making 1 ES per MONTH on a 5K account is part of the elite? It is called hardly profitable, not elite... But of course, our definitions of elite might be different...
Quick note: A 2% gain or loss is over TLNW. This represents 10% of the trading account since I keep 80% of my money outside of the trading account. The 80% is making money as well as other trades within the trading account. One further item > It was recently described by many that they should have investigated Bernie Madoff much earlier due to his unrealistic 12% yearly gain. So, it would seem that 12% yearly is exremely desireable.