with your attitude the market will destroy you, then eat your young. happy trading. edit: take the losses i have and see what you have to say.
i think it would be a good idea if he`d put together a string of winning months & actually be profitable first..........i mean when you put together the prospectus to solicit clients......don`t you think they might want to see a winning track record before they fork over they`re $. BTW,just for laughs,what do you plan on charging these "clients" of yours................2% to 5%?????????????/
I don't put people down that have big goals in trading. Do some math.... if you can work at systems until you have one that does 2% per day on average you will multiply your account by 144 in 250 trading days [assuming you take nothing out of the account]. 1.02 to the 250th power is 144, get a calculator and check it out. Goal one is to get a 2%/day strat. that can scale up to 144 times whatever your have now and trade it for a year. To further break it down, if you gained about 1/3 percent per hour, you have your 2% per 6.5 hour trading session. If you are leveraged 4X intraday your instrument only has to gain 1/12 percent per hour. That amounts to 1 friqqing cent on a $12 issue, once an hour. If you can make a penny per hour on a $12 issue all day every day you can take a $2000 account to $288,000 in a year.
Original Quote From cashmoney69 This guy is running one of the riskiest strategies I've ever seen. I would not trade the way he does. He's one limit from being wiped out or real close to it. Trust me! Another thought, I would not give my money to a manager that is done working by 9:30 am. Also running a fund by age 25 is a reasonable goal. I started a CTA when I was 24. Next Trader Monthly issue has the 30 under 30. Look for Tim Sykes he started his younger. Anyway, it is possible.
This is one of the most useful posts on this thread. If you understand what he is saying, then it is more than possible, it is likely. Later, Jimmy
you got youself very pleasant schedule,but i think -it's good for financial adviser from salomon smith barney or pru. not a trader..