I didnt say all of them were, but I said a bunch are. As a matter of fact, last month (Oct), we had 13 guys make 25K or more, 5 of them were over 30k, and 3 were over 45k. Just because the traders you may have talked to arent performing up to this level doesnt mean that there arent guys out there that are.
Well, could be two groups of 'guys' in the office. 15 make 50k and 15 lose 50 k. The next month they switch. So every month 15 'guys' made 50 k. Ahem.
Not that I disagree but I find it very weird that this post is made in November, the 1st or 2nd busiest time of the year. These last 2 months were quite good, as they seasonally are. If you can't make money or at least some improvement now, get out of the game for good. Come spring and summer, there probably will be a pattern of wash outs. No dumb money in this market, only the already somewhat scarce institutions providing some action. If that really dies off, it will be just a game of trader vs trader and that is a losing battle for all except the MMs, specialists and B/Ds. My advice is to just keep your options open, I'm very glad I have for the last year.
I tend to agree - I do know some people that make or exceeed these numbers consistently. They have large account reserves and do not represent the majority. In fact, the numbers of people that are consistently profitable and that remain positive over their career are very small. Of course in the short-term people can have great runs ......
Yes trading listed, some scalp for small moves many times a day, some trade for bigger moves with bigger size. It all depends on your personality, but we all trade based on a lot of the same criteria.
I hear what you are saying but its actually not like that at all. No one ever is down more than 5k for a month (thats actually the worst month I have heard of recently). This month is a little slower, the top guy is up 20k, I'm at 18k and there are about 8-10 guys up 5k-15k. Nothing spectacular but definitely steady.
yes trading is becoming ever more difficult it seems without taking bigger risks. Too much competition, it's like any other business. Daytraders slowly dying ? I believe it The trader P&L is mostly B.S. propaganda setup by prop shop owners and affiliates I hope you understand that. Same for those claiming 20K/month in equities on this thread. Hell if I were making 10K-20k a month steady in one specific product (equities)like they claim they do I would shut the f*ck up. I wouldn't want anybody to come into my turf and try to do the same thing unless I too make a lot of money out of it (i.e. with commish and desk fees) and even then There will always be money but mostly in new areas, new products, often retail has no access to those. You have to to try to be innovative change style and/or stay out of the market more often. Looking for a new edge ? sometimes there is no more edge to be had in your market.
one thing that always strikes me as funny, we seem to all support and talk to each other yet at the same time we are after each other's rolls- just strange to me. If I were successful, a lot of losers is good news.