Good Morning ironchef, See my answers in red A Hedge Fund Manager at Goldman Sach will fire you instantly, if you showed him $6K profit and he gave you $50,000 to trade with 6 months ago. Think like the greatest traders EVER in history, Steve Cohen, Michael Milken, The flipper and on and on. Steve Cohen - very great trader indeed, my HERO, owns New York Mets now, RICH!! Michael Milken - very great trader indeed, my HERO, RICH!! The flipper - very great trader indeed, my HERO, RICH!! Think like these guys and you will be a better trader. Do not make day trading your life term goal, you have to hurry up so you can enjoy life as well and be rich from day trading. How can you enjoy life in America trying to be a day trader forever and keep learning trading forever? Do not try to learn trading, that is dumb, try to get rich from trading, that is smart. So, hurry up and get rich. 6 months is toooooo long to make $6K, that is simply not good enough and you should never think this is good enough in this trading business.
Really? That's 25% annualized. Can you even name one hedge fund that has done this type of performance over the last 10 years? When you take away survivorship bias, is it even possible? Looking at hedge fund results is a good way to get clear on expectations. Also looking at money managers, CTA, etc. Good luck finding even 1 manager or 1 fund that you think has a risk profile better than S&P, let alone 25% annualized returns for 10 years. I have looked through hundreds of CTA and hedge fund performance results. Most are terrible, few are even worth considering. To shoot for a goal higher than 25% annual, why wouldn't you just shoot to take the path of a billionaire and convince yourself you can achieve billionaire status (or at least a 100 millionaire)? Even if you achieve 25% a year and have a similar risk structure as S&P, you have net 15%. If you have million dollars, that's only 150K. Many jobs in corporate can easily beat that. If you have 10 million dollars you should be on a beach, but if you want to make money as one of the truly elites you are only gaining an extra 1.5M year. There are MUCH easier ways to get this type of compensation, verse being one of the best traders of all time.
Simple like me says one day that he never traded live and the next day that he is the wolf of wall street. Biggest troll on this forum.
Good Morning Actuarial_Fun, Well, im not sure what to say about this. Tooooo much thinking and complexity wording for my brain . Just get rich. That is all I can say and hurry up. All that other stuff too much thinking
Good Morning Drawdown Addict, I'm not sure what to say about this either. You still have to get rich from day trading. You can say WHATEVER you want to say about me. You still have to get filthy rich from day trading. And the longer you take, the hardest it gets.
Mikey Milken went to jail, Stevie was lucky not to..not diminishing their greatness, just a well deserved asterisk.. You obviously don't know any Managing directors at Goldman..no one with an IQ over 60 sneezes at 24 percent per, assuming the risk reward metrics are in line... Perhaps you should interview at GS and present the Stare,Point and Click approach to trading..Unless it's proprietary, but thats what ND's are for
Good Morning taowave, Everyone you mentioned in your comments have a net worth cash of over +$50 million including the Managing directors at Goldman. So GUESS what, whatever they did was right NONE of us on ET have even +$2 million from ES futures day trading. So you get your butt in ES futures market and start clicking, and stop trying debate me all the damn time. Go GET RICH!!!!
Of course they should fire me, I am just a poor amateur retail without any financial training and no IB work experience. Sir, what about your own performance as a Master ES future trader??? Since you too have been asking @volpri for help, perhaps you should also try trade his methodology?