What did you start with, $2? Oh, if that were the case, you'd have $billions by now. I know, now you'll put out the line that you always skim your acct at end of month, etc. etc. Please, use realistic math.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=23005&perpage=6&pagenumber=2 Are they two different systems: One for 100%, Another 300%? Would you mind to share what are their main features? Your feedback would be highly appreciated. A web site address would be even better. Thanks in advance!
For due diligence purpose, please do read/ re-read and study/ review/ examine the above statements/ claims (page 81, The Day Trader's Advantage, by Howard Abell) word by word very Carefully!
Ladies and Gentleman: The poster makes 300% on his money EVERY SINGLE MONTH! over 3000% a year! We have discovered the Holy Grail AND argueably one of the most successful traders in the history of the game!
back to the original question, it is possible for both pro's and retail to make money. You must use different methods for each and you must have proper stops and test your plan before putting your money out in the market. There are people who make money in anything and people who lose money in every field. But just trading futures because someone said they make X% means nothing. You must find a market that suits your trading style. canuck
"Every year is different. You can't compare 98 and 99 with 2002 and 2003. Lets take the past 6 years. Total compensation (all 6) for all the traders I know, ranged from -2mil to + 75mil. Anything is possible when you trade." (Spyderman). I go with this. Most people on ET and most people anywhere aren't going to tell you what they make. Short answer: the world is your oyster. Funny damn thing is I'm not a bit interested in making this percentage or that .. don't care. I only want to be doubling my capital and raising my playing stakes each time in accordance with pro rata risk control and money management. Taking out money (certainly early stages) to live on thoroughly defeats the purpose of amassing a greater and greater fortune.
I'm sorry, spyderman, but you are way off. Assuming that the poster was indeed referring to 300% per month rather than on an annualized basis, and assuming that he compounded at least monthly to account for the larger bet size resulting from the added equity in his account, then his annualized return after monthly compounding is, in fact, 16,777,216.00%. The calculation is easy enough: 4 to the power of 12. (4 represents 1, the multiple of his initial capital, + 3 representing the 300% increase per period, in this case being monthly. The 12 represents the number of months.) Alternatively, you can calculate it "manually" month to month. So, if we were to invest a mere $1,000 with this kindly gentleman, we would have an account at the end of the year in the amount of $16,777,216,000.00. Pretty heady stuff! Heck, put me in for $5.
Of course. What was I thinking? Given the opportunity cost, though, perhaps there is something to be said for "savings" versus consumption. If he could just see his way to set aside that extra $1,000 for trading only at the beginning of the year, he could then become a multi-billionaire at the end of that year. Admittedly, it would require some restraint - after all, the latest Hummers and Bimmers are constantly sounding their siren call.