I'm sure it does to him. Better yet, here's what he should do. Max out Mommy and Daddy's credit cards, and then go "all-in" on every single trade that he takes with that 20:1 margin. This method should prove to be even more profitable considering the fact that he doesn't know the first thing about any market. They'll be taking the house in no time ...
This was with the assumption he had 40k in trading capital not the 2k with 20:1 leverage. The title of the thread was a bit deceiving.
this thread is a joke ... yes it is possible to make a few hundred a day starting with 2K and grow it into a much larger account but the knowledge and edge needed to do this takes yrs of work and luck too in finding the market and hours and volatility to make it work and most people will lose their minds and or patience and or money in trying to find their path to riches with such an idea
So, we DO get something of value from this charade. No matter how bad the thread, the gems always come. Nity nite, JJ
Any reason you didn't take the first rocket?I would have thought that was a very good likelihood there.
I have been tol that it is moot to discuss the potential of the markets because the perosn has 2,000 and it is leveraged 20:1 at a prop firm. It may be possible to compare a prop and what they do to anything else. It is not possible for most people I guess. 2,000 is a good sum to start with for stock trading using a universe that is selective and using the PVT method. Stock ranks give you the daily earnings percentage. Plot an equity curve for 2000 capital and a rank of some sort. By trading this way with a job, you can add capital from the job periodically and the equity curve will be enhanced. When the job salary curve crosses the equity curve a person can, then quit the job and go to trading full time. AS antoher 5,000 accumulates, then he can begin to trade 1 contract on the ES as shown The learning part is complete long before by transferring the PVT template to SCT. My example used the 40K for SCT, adjust it to 1 contract and use 5000 dollars as what is tied up capital wise. I asked for a list to be made of 30 trades and the points per trade. Trade 1 ended with the end of the rocket and was followed by another rocket that ended trade 2. A typical list might look like this: trade, start, time, end, time 1L, 95.3, 3, 01.2, 10 2S, 01.2, 10, 97.3, 12 etc. These two trades produce a cummulative net of over 25% of margin (10.2 points) and 1.4 plus times the H-L where the target for the day is 3.0 times the H-L. For some reason it looks like you cannot understand that trade 1 eneded on bar 10 and trade 2 ended on bar 12, etc. trade 30 ended on bar 81. It is difficult to take a fully annoted chart where each trade is marked and to calculate the 30 price movements to get the daily total and then to see what it means to a noobie who has no idea about anything. If I were going to fly this guy (Tyler) out to Tucson, put him up for 4 weeks, finance him and have him go through a boot camp like the thing of Don Bright, but for PVT and SCT trading, he would have to answer 360 multiple choice questions first where he would read why any answer he got wrong was wrong and then learn to correct it by the explanation of the right answer, then he would be an "assessor" the state before beginning as a beginer. He would at the time of arrival know how to get the example I gave completed to see the number of points made with 1 contract riding (2,000 of margin from 5,000 dollars minumum account) On a 7 point day like the example, it can be expected that 30 trades will make 21 points per contract. But it needs to be understood that the end of trade one is at point 1. The beginning of trade 1 is on bar 3 for last Friday where a person uses the carryover trend (not with standing off hours trading). Lets say a person can rationally get to be a begnner and lay the foundation for moving up the feeding web to intermediate where he is focussed primarily on his business plan and acquiring intermedite skills. He is trading 10 contracts by that time. For me its 40 some days into a mentoring program with this person. That person has made 102 points on 10 contracts by bar 12 of the day on a 7 point H-L day. That is 5,000 dollars of the weekly transfer out of the account where he just maintains it a 10 contracts until he has more skills, knowledge and experience. He is going to move 210 points of capital minimum out of the account today; this is over 10,000 dollars. When he is an expert he will be doing SCT trading at a level where there are more than 30 trades a day and almost all of the potential offered is taken. Tyler's questionaire would have been neat to assess to see how to go about getting him trained up. Johnny 40 cannot take the questionaire as we see. Most people posting in this thread think what I post is moot. It ain't. I am looking for people who can recognize something. If I find them somehow, then they get to be very rich.
I wish I could understand Grob also. I'm sure he has many pearls of wisdom, but I get lost in his stream of consciousness. On another thread, he admonished people for not having a "systematic system", but rather a "system plan". I'm still trying to parse that one... Perhaps he's the Yogi Berra of trading?
So much effort is wasted. Having to scroll past the Grob posts is taking a toll on my right index finger. I really wish I could understand that chap. But, he speaks in an old, diverted, montonish old english or something that I don't even have a clue. I cannot even comprehend not even one single sentence.