So, what does a good trader make per month?

A good trader is first of all a businessman. If you can make more money doing something else, trading is a waste of time.

PS. I can see life-style advantages to being an independent trader, but that only comes into play if you are semi-retiring. Just an IMHO.

 

the tangible risks are also too high, unless you are living in the state that has nil sine numine.

 

I love these message boards because it is Special ED fun.

Let me give you a Fact Check, most successful traders SUCK at running a business. I know a lot of traders who are successful (7,8 and 9 figures a year for themselves) and fail at everything else. A business man (women don't count here) needs to be good with people and know how to manipulating them. Traders are cold, out of touch and gamblers in nature. They do not do well with people. It's like asking a accountant to sell to people. It is not going to happen.

 

10 to 50% a month on your money ever month is considered successful.

That is what a real successful trader makes. If you are not pulling those numbers (unless your size is to big already and not your cock) then you are still learning. I am not there either but the few traders that I know are pulling those numbers.

 

Are you still buying used Bibles?. I have seven, forty feet containers, full of them. No moist.

 

Yup, these are perefectly realistic returns

 

If you aren't making that with at least 8 or 9 figures of personal compensation then you belong on the short bus.

 

Dead serious and not being sarcastic this is what someone who really knows what they are doing makes. I am not one of them but personally know some guys who pull this type of returns in because I sat next to them for many years (Worldco and Schonfeld). The catch is it is typically done on thinner stocks trading less then 1 mil shares a day so it is not scalable.

I still struggle so I know just enough not to loose money and to pay my bills.

 

I know a few guys pulling close to 100 mil (one well over that mark) at a prop shop but they are the exception. When I say prop shop I mean places that back their traders 100% and don't cry about a 100K down days.

The majority of guys making 10 to 50% on their money are doing it in thinly traded stocks and it becomes extremely difficult to pull in more then 50K a month because of the size issue.

The whole point is, that is what a successful trader makes once they master the skill. And none of them use charts.

 

Are there any prop shops that have even $10M of capital?