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I only disbelieve because no one, anywhere, has shown proof of 200+ ticks per month to anyone. Like you, I am not making that. But if I wanted to play golf at a professional level and couldn't believe it when I first started, that doesn't mean I could never be a professional golfer in time. But the first thing I would want to see, is if anyone else in the world can play golf professionally. Fortunately, you can turn on TV and watch a professional golfer play live and see for yourself that it can be done. With trading, there is nobody. Not one person that you can watch live, see proof, that they make 200+ ticks per month, on average, every month.
Lack of belief erodes with proof.
Can you help answer these questions from other members on NexusFi?
I would think that they would be falling all over themselves to show to the world that they are great. Like all great athletes, they can't get enough attention to their talent.
But with trading...nothing. Not even when asked. I thought I would find 1000's of traders showing proof on the internet. Nothing...
If you want education about trading just read journals, take ideas form others, try things on SIM, develop your own ideas and style and see if you can make money with that. There is nothing more complicated than that.
What do you want to see more. No one is selling something here and Big Mike makes sure it is not happening.
And yes 200T per month is clearly reachable. With 10 lots it makes 20K/month it is the basic salary of an ordinary middle/high level manager in a big company do you think it is something extraordinary? But of course if you think about doing that with 10 min of work per day you are wrong.
R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
My purpose is to see proof that there are traders that make 200+ ticks per month, on average, every month. If it is reachable, why are there not a 1000 traders showing the world proof? I am not looking for education. Not looking for something easy with 10 min of work. Just looking for proof. Simple request. Nothing to get angry at.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
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According to Mark Douglas' latest book and his research for well over 30 years there is about 100 million futures traders and only 5% consistently make large profits. So 5 million people world wide. Or said another way 5,000,000/7,260,000,000(world population)=0.000688705234160 or 0.00000688705234160% of the world's people can do it in a big way. It's going to be a very long and hard road to find 50 of these folks willing to show a complete stranger their income level. $30,000/yr I guarantee you is VERY doable. Nobody in their right mind would put themselves through this emotion hell for those peanuts. I nearly made that waiting on tables at Olive Garden back in the late 80's. And there was no emotional pain involved. This pain requires that the pay off be outsized.
Ron
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
1) do you plan to leave you day job if such a proof exist?
Don't do that until YOU have reached a good level. What other persons do or don't does not mean you will or won't.
Just do basic maths (it is a zero sum game) for example CL is up 129T today on approximately 1M contract (i did not check the figures) so it means that 129M of $ have changed hands just today (it is not exactly that but it is the idea). Do you think that there is 129M of traders in the world that have just done 10$ each of them in average ? And it is just 1 market.
I have personally make 963T on CL with 10 lots for the day (I was just short before the report, nothing extraordinary with a stop lose at 10T, I had of course my own personal arguments for that to do it and it explained in my journal - basically I was risking 1000$ with the hope and arguments to make more than that) so on that 129M$, 9630$ are mine and they are the lose of another person.
R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
When I started posting here on FIO, I would occasionally post some results, in part because a couple of people asked whether it was possible to make make money as a scalper. My results were from the "account performance" tab on Ninja, which provides a pretty nice summary of the day/week/month, etc.
Truth be told, I felt a little weird posting the results, as it felt like bragging. I'm not really inclined to brag, but that seems like something you expect of people. So that may be just one of many reasons why people don't post results. The fact is, lots of people lose money trading, and their ability to vent their frustrations on someone making money is rather remarkable. I opened myself up to multiple private message attacks from people who were angry that I made however much money I made that day or week.
On the other hand, I got some very nice notes from others, people who were heartened to see a regular guy making a go of trading. I have done my best to help folks like that, though I always recommend they not try to follow what i do.
I now have a thread in the Elite section, and it's become a friendly, supportive gathering place for intraday traders. There are four of us who post frequently there, and I can assure you I know for a fact that those four easily make 200 ticks a month. I know that because I have a relationship with those people. We've gotten to know one another through trading. One guy and I trade the occasional trade reports, but I don't NEED to see his report to know how he's done on any given day. He trades out loud, as we all do. That means we lose publicly and we win publicly.
I did post a trade report for today, as I had a relatively amazing day in terms of win percentage. Feel free to take a look at the Scalper's Journey. But beyond that, it's likely more worthwhile to focus on what you're doing rather than what the rest of us are doing in terms of profit. This is a great place to learn, and there are many people who give freely of their time. Challenging them to show you their trade reports doesn't really get you anywhere, though, and it certainly won't make you a better trader.
I've posted tons of trades and p/l screenshots over the years. Do I care to now just for YOU? I got into trading because I loved learning about the markets. I loved strategy and the game. I never gave a shit about what others were doing or weren't doing. I did it because I loved it. Your focus is in the complete opposite direction of the winning trader.