I like Ripley's numbers. So it's not even a zero-sum game, but negative. If you consider the market overall to be a big poker-table, the money's being shifted around, but is also being siphoned off. To keep the same amount of money on the table, you have to keep on feeding it cash. Sure, there are a small minority of winners, and they don't win all the time. As in poker, it requires many people losing each hand to compound the larger amount taken in by the one winner.
that just isn't true man. it may seem impossible and too efficient to most people, but it can be done by some ..and yes, in futures.
Yeah.. it CAN be done. Nobody is saying that it cannot be done. Even LTCM raked up huge returns before they went bust. What I am saying is that.. in the long run nobody is going to keep on winning consistently and all it takes is one small reckless trading streak to get them out of the game. Of course people are going to win because 10% of all the money we put up are still up for grabs. But, the odds are 99.95% that it is NOT YOU or me or most likely nobody here at the eliteclub.
A perfect analogy for a person's trading career is a sitting STOPLOSS order. If I am using a 5 pt stop with a 10 pt reward on the ES, and if I am profitable +6 pts, then I am a WINNER. I am winning points in the ES market. Then, it goes to +7 pts, you are still winning. Then to +9 pts and you're winning huge. Then, all of a sudden the prices rallies back and STOPS you OUT. Thus, you ended up with a huge loss, rather than having a winning trade. Thats what I am saying, even those RARE individuals who may make some money because the ODDS dictate it, it wouldn't take them that long, or that much bad luck for them to go BUST.
Ever hear of taking profýts. That ''individual/professional'' whose probably doýng 20-50 contracts most lýkely took 1/2 off after a respectable amount of profit. To put ýt sýmply you attýtude sucks. I lost more than you'll make ýn the next 10 years. I went through a lot of unecessary shýt, but ýn the end ýt was my fault. You don't hear me whýnýng lýke a lýttle býtch on these boards that the market ýs too hard. You eýther make ýt or you don't. In the meantýme save us the sob storýes.
Ozz... The odds dictate that you'll lose more than what you lost already. I mean percentage wise (since your account is already too small). & No.. its not either you make it or you don't.. its YOU DON'T and MOST EVERYONE DON'T and me don't either...
Then do somethýng else. Its that simple. Why put yourself through all the suffering ýf ýts so hard. Get a normal job.
I enjoy posting on the web while I work in the office. Trust me, office job is so much better than getting beat out by program trading machines that squirt you out for every single penny you have and more. In the future, I plan to hang around this message boards and to save a lot more n00bies from making the same mistake that folks around here, including me made.. which is to make that first trade.