What is the average can a day trader manage and earn on wall street?

Discussion in 'Prop Firms' started by tonyzhou, Nov 8, 2014.

  1. when you ever work in this industry for a longer period of time you will stop believing anything people tell you and start believing only what you see on paper.

     
    #71     Nov 14, 2014
  2. Turveyd

    Turveyd


    No thats just what you believe utter bollox, stock swing traders do okay maybe 20% per year, the big money is made and lost intraday, not full scalping but fast trading, i have in all my years trading never met a swing trader in indexs or forex that is profitable, but loads of intraday traders.
     
    #72     Nov 14, 2014
  3. Then maybe you can explain to me why most every hedge fund trader holds positions overnight rather than purely trading intraday. If day trading is so profitable why is the same approach rarely if ever employed at hedge funds? The reason, I can assure you, is certainly not only because hedge funds must trade larger positions with more market impact in order to push the needle on their return on AUM.

     
    #73     Nov 14, 2014
  4. Don't see why I should get satisfaction from what you can and can't do. What I do know is here's someone who hasn't demonstrated any ability to trade. Perhaps you'd like to explain why posting up a trade would give away your method ?
     
    #74     Nov 14, 2014
  5. Then why haven't you got big money ? If you are losing big money from intra-day, the best thing to do is stop doing intra-day. Real trading is an inventory business and not the least like playing casino. Extreme short term (intra-day) inventorying is possible only for market makers who have access to the accurate supply and demand picture.
     
    Last edited: Nov 14, 2014
    #75     Nov 14, 2014
  6. Turveyd

    Turveyd

    Errr because I'm not rich and it takes a while to build up, it's not an instant, I can day trade, I'm a millionaire you realise ??

    Who's losing big money moron, not me, doing okay thanks, stop making shit up and posting it as facts. stick to your swing trading and making 10% per year and leave those that can to make the big $$$'s to it.
     
    #76     Nov 14, 2014
  7. Turveyd

    Turveyd

    Yes I should stop making money immediately from intraday because you claim the hedge funds hold over night, yeah that makes sense. what part of I make money from intraday do you not understand ??

    Therefore you are WRONG!! Learn to live with it.

    And stop posting using 2 different ID's, damn troll's!!
     
    #77     Nov 14, 2014
  8. You have an account of $7600 and you have to draw from it. Therefore you don't have big money from trading.

    My return on capital last month was 25%. This month I aim lower to attain the right level of risk that I want.
     
    Last edited: Nov 14, 2014
    #78     Nov 14, 2014
  9. Turveyd

    Turveyd

    WTF are you on about you brain dead wanker.

    Bet your still at school,
     
    #79     Nov 14, 2014
  10. Must be getting old and forgetful:

    Anyway, what's the rage ? Bad day at the casino ?
     
    #80     Nov 14, 2014