If you do it right, you could make 100k/day. Top earner at Worldco in 2002 =100k/day, no kidding, ask any ex-Worldco trader. Top earner at a mook firm = 20k in a day Somebody at Worldco made 200k in one day in the summer of 2002. seven figure salary possible at a good firm. negative salary at an ultra-mook firm. the world could laugh and mock day traders/prop traders. i don't care. let them jeer you. they usually get hammered soon or later.
probably 4-5 guys in this prop shop earn more than $1m/year then there's probably 10-15 guys below them who earn anywhere from 200-600k, then the newer guys below them, anything up to 200K.
What old traders say to new traders "90% of traders lose all their money" What new traders hear old traders say "10% of traders LIKE YOU will make a million dollars per year or more!"
Wouldn't the better question featured strategy ? Profitability is entirely dependent upon successful strategy and implementation of that strategy. The money is really just a natural consequence of that.
Exactly....and now I wonder, given the speed of intraday trading, how many of the successful traders are using gray-box systems....i.e. they are given the signals, but enter the trades manually ?