I was in Woodies room several years ago and I know nobody there made any money. Even the star of the room at the time said he barely broke even (via PM). When I learned this, I was out of there. Just wondering if anyone is making a nice living day trading futures? No neeed for attacks or flames...
Hello, Was doing really well for a while. However, hit a bad losing streak recently. Got to the point where i was just worn out but trading so i ended up doing what your not supposed to do even though i knew. Few K a day is no problem but im not satisfied so thats where i run into problems. Anyways, this short term stuff is more stress than i would like so ive decided to take good portion of money out and throw into index funds.
probably lots, see all these closed trades: http://www.ccstrade.com/mkt/pr/pr_closed-o-200810.xml?nc=05
The volatility over the last few months has worked quite well with my methodology...I've been making a comfortable living.
95% lose 3% breakeven 2% win These figures were given to me by both a large FCM and a well known accountant who specializes in traders' taxes.
That's interesting, if true -- but it also implies that the 2% must be making extremely high returns. Or it's all going to the exchanges' bottom lines, which I doubt. If that win/loss distro is true, then entering into futures trading seems to be a pretty bad career choice, given most people's (and their spouses') risk aversion as regards lifetime income