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

[-Bevo-]

Re: How to make 3 grand a day day trading!!!

I'd be interested to know win/loss %, do you have plans in place for unexpected problems computer freeze, blackouts, some black swan event?

 

[tech/a]

Re: How to make 3 grand a day day trading!!!

I will short the AUD if it can get to .85.14 in a reasonable hurry

.8514 is a result.
At that point you make a decision.

After the trade is taken

.8524 may also be a result.
.85 may also be a result.

You cannot know which result it can be

But the way you handle your Gambling in each scenario
(Unless your 100% winning gambling kicks in and of course it will go from .8515 to .85 100% guarenteed)---will determine your capability of running your gambling business and your resultant profit (Or loss).

Your only presenting one side of the story you will have losses and you will have to deal with them to continue gambling.

So while you may think the act of placing a trade and exiting a trade is gambling----- the continued gambling must be looked at as a business.

If you have only wins then you are living a delusion.

 

[Buddy Fox]

Re: How to make 3 grand a day day trading!!!

I'd be interested to know win/loss %, do you have plans in place for unexpected problems computer freeze, blackouts, some black swan event?

My win loss ratio will be worked out for everyone to see.
I'll post the proof of all trades and then there will be no smoke and mirrors !!!

No.

Hasn't happened yet....touch wood.
Do have a back up isp though-- and I can also use a laptop if the main
guy goes down.

 

[Buddy Fox]

Re: How to make 3 grand a day day trading!!!

.8514 is a result.
At that point you make a decision.

After the trade is taken

.8524 may also be a result.
.85 may also be a result.

You cannot know which result it can be

But the way you handle your Gambling in each scenario
(Unless your 100% winning gambling kicks in and of course it will go from .8515 to .85 100% guarenteed)---will determine your capability of running your gambling business and your resultant profit (Or loss).

Your only presenting one side of the story you will have losses and you will have to deal with them to continue gambling.

So while you may think the act of placing a trade and exiting a trade is gambling----- the continued gambling must be looked at as a business.

If you have only wins then you are living a delusion.

I make the decision when the price gets there based on my years of experience.I look the levels to sell then decide when it gets there.If I like what I see I'll hit the bid if not I'll go back to the TV.

you can judge what I do however you like.
I simply try to stack the odds in my favor then place the trade.

 

[Trembling Hand]

Re: How to make 3 grand a day day trading!!!

do you have plans in place for unexpected problems computer freeze, blackouts, some black swan event?

This is not the huge concern that people make it out to be. At least it shouldn't be for a reasonable consistent trader sized sensibly (and if you're not then its the least of your concerns)

So your broker drops out 5 min before close and you take a huge hit on the gap to the next day. It happens and its no big deal in the scheme of a trading career.

In that 'other' thread recently the dude tried to claim that being hit for 30 points on a 20 lot was the end of the world. To me thats just another bad day. If you cannot come back from that you will not be trading 20 lots for long, or 1 lot.

(and of course sometimes it happens and the nature of long/short trading 50% of the time it works in your favour)

 

[Buddy Fox]

Re: How to make 3 grand a day day trading!!!

This is not the huge concern that people make it out to be. At least it shouldn't be for a reasonable consistent trader sized sensibly (and if you're not then its the least of your concerns)

So your broker drops out 5 min before close and you take a huge hit on the gap to the next day. It happens and its no big deal in the scheme of a trading career.

In that 'other' thread recently the dude tried to claim that being hit for 30 points on a 20 lot was the end of the world. To me thats just another bad day. If you cannot come back from that you will not be trading 20 lots for long, or 1 lot.

(and of course sometimes it happens and the nature of long/short trading 50% of the time it works in your favour)

No I agree.

The markets I trade are usually open most of the time so your right
it's not a real concern.
Only problem is a guy called" Murphy" and his law sometimes pops up !!!

 

[tech/a]

In that 'other' thread recently the dude tried to claim that being hit for 30 points on a 20 lot was the end of the world.

Using the SPI as an example thats $15k
For a trader with an account of $20K its not an issue.

For a trader with a $750K account its a 2% hit.

Perspective. -------

 

[-Bevo-]

Using the SPI as an example thats $15k
For a trader with an account of $20K its not an issue.

For a trader with a $750K account its a 2% hit.

Perspective. -------

A trader with 20k couldn't buy 20 lots, Buddy said he was using 150k in his trading account you would need at least 88k to buy 20 lots intraday or 175k overnight.
But lets use 150k as example with 30 point gap or 15k loss equal 10% loss.

 

[Buddy Fox]

When I started this thread it was titled "How I make 3 grand a day daytrading".

This has now been changed.

Could an Admin let me know why this has happened !!! ???

 

[cutz]

When I started this thread it was titled "How I make 3 grand a day daytrading".

This has now been changed.

Could an Admin let me know why this has happened !!! ???

I'm not admin. but the new title seems more appropriate.

 

[Temjin]

LOL Thanks guys, it has been a while since I saw a thread just as entertaining as the robot talking in the "property" thread.

I agree with cutz, the new title is quite appropriate. If this forum is about "education", then the title must be flashy enough to attract "those" who needs to be ..umm....educated.

Please keep it going guys.

 

[Buddy Fox]

LOL Thanks guys, it has been a while since I saw a thread just as entertaining as the robot talking in the "property" thread.

I agree with cutz, the new title is quite appropriate. If this forum is about "education", then the title must be flashy enough to attract "those" who needs to be ..umm....educated.

Please keep it going guys.

The big green monster is coming out to play!!

 

[cutz]

The big green monster is coming out to play!!

Not really,

So you're making 3K on good days,

Woopee !!!

 

[Buddy Fox]

Not really,

So you're making 3K on good days,

Woopee !!!

Geez I'm bored.

Not a bad living if you think about it.

Boredom is what usually kills traders in the end.:sleeping:

 

[Sdajii]

Three grand a day? That's nothing. Most of us here at ASF make at least five (except Nunthewiser, he is a loser who only makes two, which is why he wanted shirts and stuff from someone who relative to him is awesome, making three grand per day).

Hey Nunthe, want some autographed pictures? I'll even let you wash my socks this week. For two grand I'll even show you charts of the last 12 months and tell you exactly how I made my $5k per day, with entry and exit points and everything!

Anyway, if you're only making three grand per day, you should probably head off to some other forum where people who make less than a million dollars per year hang out. If you'll excuse me, this winter chill is getting to me, I have to get one of my bikini-clad servants to throw another pile of US $100 bills on to the fire to warm the room up.

 

[professor_frink]

When I started this thread it was titled "How I make 3 grand a day daytrading".

This has now been changed.

Could an Admin let me know why this has happened !!! ???

If you feel like actually getting into the "how to" part, then we can change it back. Otherwise it can stay as it is

 

[Buddy Fox]

Three grand a day? That's nothing. Most of us here at ASF make at least five (except Nunthewiser, he is a loser who only makes two, which is why he wanted shirts and stuff from someone who relative to him is awesome, making three grand per day).

Hey Nunthe, want some autographed pictures? I'll even let you wash my socks this week. For two grand I'll even show you charts of the last 12 months and tell you exactly how I made my $5k per day, with entry and exit points and everything!

Anyway, if you're only making three grand per day, you should probably head off to some other forum where people who make less than a million dollars per year hang out. If you'll excuse me, this winter chill is getting to me, I have to get one of my bikini-clad servants to throw another pile of US $100 bills on to the fire to warm the room up.

NICE.

 

[Sdajii]

NICE.

Even nicer, I came up with a better idea. I just ordered more bikini-clad servants to come into the room to warm it up with their body heat.

On only three grand per day I'd be surprised if you could afford all that many bikini models as full time servants. It must be rough for you

 

[cutz]

Not a bad living if you think about it.

Boredom is what usually kills traders in the end.:sleeping:

Boring,


One weeks worth of trades. :sleeping:

 

[Twiddle]

Wow, it is so hard to determine what is BS and what isn't in this thread.

Especially since I am a newbie and have no realistic idea of what is achievable at this game yet...

I am leaning towards the "everything in this thread is BS" side.