I wonder why some hedge fund hasnt hired him , since he is 100% profitable. Seems odd, no? I mean if he's making 5000 a month on two ER2 contracts, you do the math. He could give the 1 million salary to charity.
<i>"I mean if he's making 5000 a month on two ER2 contracts, you do the math."</i> Is +25pts ER contract per month, +6pts per week, +1.5pts daily supposed to be something monumental to achieve?
Exactly! Plus one more very important point: liquidity. Using his approach if he starts to trade too big, slippage will eat him alive. Everyone who intraday trades futures like ER2 know that it's impossible to grow fast and trade the same way with the same % profits as when you trade small. So the only way to grow is to switch to larger timeframes what will of course reduce profitability in % simply because there are much less trades. And since % of profit will reduce, many other systems much more suitable for hedge funds (something really hedged and not as exposed to directional risk, for example) come on mind. And after all +1.5pt a day is not a miracle anyway. As far as I know, NihabaAshi for example makes significantly more and posts results on his site. Best wishes Janis
Yea, it's really crappy trading 5 lots in the er and only netting 15-20k per month. I sure hope I can continue to pay my bills on 200k per year before taxes. LOL...
<i>"Yea, it's really crappy trading 5 lots in the er and only netting 15-20k per month. I sure hope I can continue to pay my bills on 200k per year before taxes. LOL..."</i> Being net profitable in any symbol for any amount is an acheivement in itself. Not to diminish that feat in the least. However, netting +1.5pt daily average in ER for skilled, experienced, professional traders doesn't seem to be a monumental event.
If you really want to learn the CCI and not have all the bullshit that Woodie provides go to www.ccitraders.com and join the free chat with TW and the other old moderators from the club. And it really is FREE. Much much better!
Yeah, not even the money to talk about. In Siberian city I live in taxi drivers make more per day. But if seriously, I meant that it's not interesting for hedge funds etc. Of course for a person it's a good money. Though considering that Woodie has something like 25 years of experience, I bet almost every high professional like this (not only in trading, in every other intellectual profession as well) would make at least this as salary (at least in US, Western Europe or Japan).
I always like to be reminded of how easy it it to make 10k 20 k 50k per month, since so many here do it with such aplomb. ET rox.
Yeah, its nothing to go to the racetrack and only bet on one sure thing a day either. Worlds full of folk like that,