I can make 3 grand a day day trading!!!

[nulla nulla]

It looks to me as though Buddy Fox has retired from this thread and is probably lying on a beach somewhere, sunning himself and laughing while the rest of us either argue the toss or crouch over our computers avidly waiting for the next post to appear!!

I know it is possible to make $3k a day with a $100,000 base (hey! I do it every day in hindsight!!). I'm just nooooottttt quuuiiiiitte there yet.

Whether Buddy is having a lend of us or not I can't say, but the entertainment factor alone has made it worthwhile for me.

Thanks for the fun.

Ruby

Thanks Ruby, you are right. I'm off to a long lunch. Cya's later.

 

[Trembling Hand]

And you do this, closing out the profits, day in day out, never fail? You've closed out profits of $780,000.00 over the last year (less allowances for the days the market was closed and nomore4s took a sickie)?

And there we end again with the peanuts logic.

Just goes to show how friggin scary this place is. Thousands of pages of post from punters that cannot themselves make a dollar. What a joke.

 

[Wysiwyg]

Most day traders, with a capital base of $100k or less are simply not going to be allowed to trade in the manner required to generate $3,000.00 per day profit day in and day out.

As a nuffie with my anodised tip darts, I have made three and four times that much in less than 8 hours (trumpets ) with a starting capital of 10k but the same bravado brought me undone. First two weeks with CFD provider went from 10k to 26k and then blew up due to lack of experience.

Circumstances, ruthlessness, frame of mind, market choice, trading plan, knowing and patience are some of the things I have been working on to be consistent in the faster version of the game. I have learned from my actions and know what is possible (for me).

 

[nulla nulla]

As a nuffie with my anodised tip darts, I have made three and four times that much in less than 8 hours (trumpets ) with a starting capital of 10k but the same bravado brought me undone. First two weeks with CFD provider went from 10k to 26k and then blew up due to lack of experience.

Circumstances, ruthlessness, frame of mind, market choice, trading plan, knowing and patience are some of the things I have been working on to be consistent in the faster version of the game. I have learned from my actions and know what is possible (for me).

I am not disparaging your post wysiwyg, I'm sure we have all made one off trades in various instruments for a profit significantly greater than $3,000.00. However, the thread is talking about doing it consistantly, day in day out and making a profit of $3,000.00 per day on a capital base of $100,000.00.
I also work in my comfort zone, make a profit and don't have a problem admiting that it is less than $3,000.00 per day.

 

[nulla nulla]

And there we end again with the peanuts logic.

Just goes to show how friggin scary this place is. Thousands of pages of post from punters that cannot themselves make a dollar. What a joke.

I make "a dollar" in the ASX (I guess by your definition I am a "peanut" in the peanut gallery). The scary thing in this and other forums are the posters making grandiose claims as to their daily returns on small capital bases. If it was so easy, the markets would be clogged with self made billionaires.

 

[Trembling Hand]

I make "a dollar" in the ASX (I guess by your definition I am a "peanut" in the peanut gallery). The scary thing in this and other forums are the posters making grandiose claims as to their daily returns on small capital bases. If it was so easy, the markets would be clogged with self made billionaires.

Still clueless nulla. You seem to have no idea and everything you say just adds further to it. I doubt you even trade.

 

[nulla nulla]

Still clueless nulla. You seem to have no idea and everything you say just adds further to it. I doubt you even trade.

Believe what you like T/H, I'll try not to lose sleep over it.

 

[trainspotter]

Come back Pit Trader / Buddy Fox / Whatever. The natives are getting restless and turning on themselves very similar to "Lord of the Flies". Never have made 3k a day trading. Would not know where to start. I know my limits and respect T/Hs knowledge on this matter. I am beginning to wonder as to why he continues to hang around and divulge his superior trade strategies with us nupties?

 

[skc]

Believe what you like T/H, I'll try not to lose sleep over it.

The profit equation has 2 elements.

Annual return = Number of trades * (Avg win * win% - Avg loss * (1-win%)) / capital base

Avg win, avg loss and win% is to do with the skill of the trader and the R:R.

The number of trades is a matter of opportunites present, margin requirement and trade durations. A ASX swing trader may do 500 trades a year (2 a day), but a day trader can easily take 3-4000 trades.

And since ASX swing trader can may be use 50% margin, whereas a day trader neesd only 5%, their capital base requirement is 1/10 of what a stock trader needs (and hence 10x annual return in percentage straight away).

So even given the same skill level (i.e. no change in avg win, avg loss and win%), the inherent nature of futures make their annual return potential at least 50-60x higher than that of a frequent swing trader.

It's not a stretch to see a swing trader making 20-30% year in year out, so it's also not difficult to see why a day trader can make 500-800% even if they have the exact same "skill" and R:R.

 

[white_goodman]

futures day trader could be doing a few hundred trades a day...

 

[nunthewiser]

Still clueless nulla. You seem to have no idea and everything you say just adds further to it. I doubt you even trade.

Now heres the part i know.

Nulla has been around the same lenght of time (if not longer) as me.

we met via an asx ramp/scam that we both popped our cherries on to teach us a valuable lesson.

This is the internet and over the last 10-15 years where chat/forums came into play on a public level we have seen ppl walk on water to parting the seas with a billion dollar bill in there mouth while they spew it.

I personally see a different view on whats more than capable and have no doubts and in fact know that a regular overall positive average can work out to a nice daily rate when measured over time..

I think nulla knows this but he cant believe that a lot of the people that spew it here actually do it.

As far as trading goes ....yes he does and we have made each other cash and lost each other cash over the years.We have seen each other nitty grittys.

been around a few years this fella but same as me we are in a different pond to yourself and others that do play the international daily game..

Still tho a story can be a story no matter where one plays.

 

[professor_frink]

I think this thread has run it's course