Yeah, but even he was forced into the marketing business-- i bet he makes far more from his site than he ever did via trading. CLearly, trading simply wasn't enough, even at his skill level. However, we have aliases here that make ridiculous claims. surf
Well said, Pekelo! Many of these posters are brainwashed by the dream--- they have that PMA but nothing but posts on a message board to back it up....
I think you have just contradicted yourself: Again, I agree with the #2, but that is against the first point. Basicly you are saying one can not make a living as a prop trader in the long run. So why try TST?
The retail traders who do make it do so because they hit a home run... They go big (relative to their account size) on a stock and when it soars they make some money. You hear about them from the marketing factories out there who advertise them as a success story that you can follow... But in reality, all you get is survivorship bias... that is... You don't hear about the 150000 that got wiped out trying to do the exact same thing. Real edges provide you with a boost and make trading easy and repeatable for you. See how many of the retailers can repeat their miracle...! Again marketsurfer is telling you the truth...
I changed my original post, I left out "for the short term" by mistake. thanks for pointing that out. surf
well when I enter a trade I also enter a stop loss. Problem is I win more often than not. And stick your combime (sp) up your arse
The other example would be Don Miller. After one very good year (I think it was 220%) he realized that was most likely an outlier and switched to trader education. And he was right, he is making more money from that now. His long term average was around 30% if I recall. This was also true with Miller. Once he made his account into the millions, that 30% has provided a decent living.
Another failed trader who can't trade his way out of a paper bag. Let's see, we have two people agreeing on things here. Both blew out (some numerous times). It's comical how the failed traders are ususally the loudest whining that others can't do it. Enough said.
If the firm offers you an edge through technology, execution, rebate/credit trading etc... Your career will be exactly proportional to how long your edge lasts...