What exactly happened during 9/11? WAs the market opened on that day? Or did it shutdown intraday and close for the rest of the week? Any warnings?
Ain't both the ever lovin truth ========================== ttps://www.youtube.com/watch?v=YpW6pqJHvYw Happy Weekend Happy Easter Happy 2nd Birthday ============================= shoppin fer carz this weekend - gots ta get reedy fer moan day RN
As someone said earlier. Depends on account size. I work for a prop firm. I keep about £25k on account and generally make about £10,000 a month. I have been trading for about 10 years. Id say im a fairly average trader. After 10yrs consistent trading I should be making a lot more. But i value the consistency and keeping a small balance on account rather than having my life's savings in a prop account taking massive swings and allows me to diversify a little in some other businesses. But yeah, in terms of percentages I guess I match the returns you are asking for. I know guys with a similar return on account balance in percentage terms with far higher accounts. So guys with 100k on account making 20-50k a month (they are less common). As for strategies, if it was one particular strategy everyone would be doing it. I can tell you what we/they don't do. We aren't back testing trend following systems, and risking 10 ticks to make 30 ticks or moving average cross overs or any of the other stuff you read about in "How To Trade" books. Its a lot of mean reversion trading, looking at correlations between markets and seeing when relative value is getting over extended, watching the order book and learning to spot when large traders are executing trades and going with them.
Thank you to everyone that has replied, but what do you mean by this, endicottsteel? Also, approximately what have their returns been? What instruments do they use?
In my experience with backtesting with an eye to position sizes....Its alot easier to make a higher return with less money. As your equity increases and you need to utilize stocks with higher volume the return decreases. My hypothesis is that these larger stocks are being played by the major institutions and most edges have been exploited at this level.
Amazing consistency.. Very few losing days. http://www.thestrategylab.com/tsl/forum/viewforum.php?f=147
Gooby... I think the general message is the part of the strategy that makes the difference is not signal selection but management of trades (the trader) once live. I bet you if most of these super-traders give you the signal system you'll probably think "I've seen that before!"...