Trust all of mnx's numbers, as they are real. He kicks ass. You know, it's alot more fun to trade heavy volume and make X amount, than trade ultra light, and make the same amount. That's just my opinion. This was back in november... I had more fun on this day than a kid at disneyland...
i ask again were do these botters come from? they all look the same. are these generic blotters?why not show your p@l directly from the companies?
Spike, you may disagree, and continue to disagree, it doesn't change the fact that your analysis is wrong. There are funds out there that are running systems that do trade this kind of volume, because you don't know them doesn't make it untrue, it makes you uninformed! The system, trades 20 million shares at a margin of .002 per share will make $40,000 per day, or slightly more than our $5000 per hour scenario. Automation is the key here. If you go back to economics 101, you'll recall that businesses that have large margins and low barriers to entry will likely attract competition. This will lower the margins and excess returns that are being earned. Why do you think so many hedgefunds are having a marginal year at best? While I agree that profits in the market take time, and the longer you stay with a trade the more money you can make. However, I have found that short term trading is very profitable and a critical component of successful trading because it allows you to earn an income from trading, builds your confidence, and provides the financing needed to stick with your longer term (larger margin) trades. A trader needs to have both to truly build wealth. unfortunately, I don't have time to debate every naysayer on this site, and even debating with a few can be very time consuming, as such, you may have the final word! I will retire from this discussion. GTTY, Mike
More money beats margins any day. Take two retailers for example: Walmart: Gross Revenue: 287 Bil Net Profit: 10 Bil Profit Margin: 3.5% Bed Bath and Beyond: Gross Revenue: 4.4 Bil Net Profit: 400 Mil Profit Margin: 9% So You as BBB might make a better margin than the other Walmart type trader but he will always be making more money. No reason to try and correct him, he's walmart, you're bed bath and beyond, you both make money but he makes more. Sure Walmart can go under one day, but so can bed bath and beyond, but as long as they both make enough money to keep them going, let it be. By the way I prefer Bed Bath and Beyond, but I can't discredit walmart at all, that's an amazing money making machine. Love this thread by the way, keep posting Walmarts!
I can't believe you would join this thread. And post your blotter, I thought you were above that. Is something wrong? Something happened didn't it? Did you get fired? Disappointment Fan. PS. Plus say MNX kicks ass? Please. You should know better. It's like being a soldier with US army fighting a tribe in Amazon. You kick ass, but you would have to be an arrogant di.k to tell people you are a great soldier after that.
Who are you and why did you decide to join this thread? This is for trader P/L's, if you have something constructive to add then do so, otherwise leave this thread to traders who want to share their P&L's.
This whole board is full of angry, bitter traders who can't make money....... They see that people here are, so they have to come on this thread and piss and moan
hey SM99, it's for information purposes.... I keep posting only so I can see how others are doing, (if I stop posting what will keep others posting??) I'm glad Billybobnasdaq joined in, I'm sure he'll encourage others to join in. my .02$ have a great day. mnx
ok, I'll start the parade for today. with the good comes the bad. KSS killed me this morning while AX and KR accounted for most of my profits (profitable stocks that is...) mnx
typical day, yet i am done early as i am moving into a new home. not much going on for me in EUR or JPY, only 1 trade for a winner, and typical consistent day in equities. get'em on the close ...matt. mschey ... you points are right on! keep up the solid trading. patrick