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Primary source of income: how many have made it?
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Primary source of income: how many have made it?

  #551 (permalink)
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nakachalet View Post
that is a very captivating setup.

and when it does trigger, would you be kind enough to come back and tell us all about it. thx.

No - don't, lets spend a small bit of effort here and get things back on topic!

nakachalet -- I am looking at you!

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  #552 (permalink)
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Big Mike View Post
No - don't, lets spend a small bit of effort here and get things back on topic!

nakachalet -- I am looking at you!

Mike

Lornz - thank you.

Why indeed would an alpha share his true edge? How many are there of these mirages? Plenty, I say that because I know enough (4) that I have all come to know in the last 1year alone (and I stopped trying to locate more since I realized what was wrong with me about an 1.5years ago).

I know these guys exist in dozens, what matters to me is have I spent enough time, turning over every possible rock to uncover something that would fit my grand plan and make it click for me?

By alphas I mean, net profit >250K/year minimum based on monthly medians. I do not need to look for these alphas, if I spend enough energy turning over every possible rock under the sun, probability alone suggest I would have a greater chance of success rather that looking for a wining trader and adopting his method.

Some suggest good traders work smarter, and do not allow trading to become their life. I would suggest this is an enormous half truth. Misleading at best, and very damaging at worst.

Time and effort matters before you make those breakthroughs on your own. Stop looking at other peoples mansions and tearing them down. Start the morning with tearing your down house every single day and build them from the ground up. Do it again and again....Be prepared to study and evolve endlessly until the day you die.

Too hard...? Then stop pretending you are a trader. You'll never be an alpha

Too harsh? boo hoo!

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  #553 (permalink)
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Lornz View Post
The problem is that virtually no successful traders would want to go into specifics about their financials. Why on earth would they?


That is not what is being asked of them is it? They can certainly participate in this thread without doing that.

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  #554 (permalink)
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Income

@Lornz @ Deucalion and others, ya got it. Well said by the way guys

@nakachalet Im new on futures.io (formerly BMT) I am getting familiar with everyone watching from afar> I was unsure how to take your response to me so I waited till now. BobbyAcim i think was his name he asked this same question over and over, he got the same response as you ll get here today tomorrow and next year about income, being sucessful etc. Give this here a quick thought,,,,,,Would you walk up to the biggest house on a street knock on the door and ask HOW MUCH DO YOU MAKE, ? no.... Would you look up a man who invented delay windshield wipers that are used on all the cars today, and ask him for his paton rights that he designed and is getting paid for. no.....

My point is with trading its like real business nothing new here, build a better mouse trap as you do with a new business and make it yours to trading. 95 % of small businesses fail so do 95% of traders, nothing new. Some people arent geared to build a business some arent geared to trade, we all can be successful in our own way. I read introduce yourself here, I commend everyone on trying but I'm a realist as well,set goals if you dont achieve them move on to a better suited goal. Deucalion used the alpha term, I like it alot, tv series alpha gifted people inspire me to excel. I am new to trading 2 yrs in if thats new,lol.No past experience in the markets of any sort so I am here learning as I do in life. That is why I ask little, if someone is kind enough to answer I listen and watch and try to learn. I hope this helps everyone that reads this in there quest

In closing_you can make a living from selling doughnuts on a street corner in NYC, why couldnt you make a living trading and nothing else, you just have to have the right business/trading plan...

Im just a simple man, this is my 2 cents

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  #555 (permalink)
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Alphas?

Does this mean someone who who makes the most money-- or someone who makes the greatest percentage on their money? Or will this (no doubt) boil down to who has made the (X) percentage on their money for (X) years -- ends up being considered an 'Alpha' because they are now rich?

But being an 'alpha' (as of today) is no guarantee that you will remain one in the future. Give me a $10 million account and I'd have a great shot at making a 2 1/2% annual return. (or $250K per year) Would I would worth a damn as a trader? Give me a break!

We need to be talking percentage here (daily, weekly, monthly or yearly % gain) -- if we want to get an idea of who is really good and who is simply a has-been. Kodak was great in the '60's. K Mart was the America's iconic discount retailer until Sam Walton can along and obliterated them and their stubborn methods.

I want to know who is killing it NOW - based upon being good NOW. Not who has done it in the past and simply has a large enough account that they no longer need to be any good in order to make some arbitrary dollar figure per year.

Come on, all of you (should) know that basing success/failure simply on a dollar figure is utterly absurd ---without taking into cosideration to what size bankroll that figure was earned on.

OK, let's do stay on topic and let's find out who's good right now? This past year? In percentage terms. Not who's simply rich 'right now' as a result of past performance. And please let's not be so silly as to assume that *Past performance is indicative of future success*.

No one's asking you to give away your sacred set-ups. You are even more than welcome to lie or stretch the truth, if you are that type of person.

I made 1.2% on my account trading about 25 -30 days. I then quit (10 months ago) because I felt I had been lucky and not good.

Peace,
Paige

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  #556 (permalink)
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Paige View Post
Alphas?

Does this mean someone who who makes the most money-- or someone who makes the greatest percentage on their money? Or will this (no doubt) boil down to who has made the (X) percentage on their money for (X) years -- ends up being considered an 'Alpha' because they are now rich?

But being an 'alpha' (as of today) is no guarantee that you will remain one in the future. Give me a $10 million account and I'd have a great shot at making a 2 1/2% annual return. (or $250K per year) Would I would worth a damn as a trader? Give me a break!

We need to be talking percentage here (daily, weekly, monthly or yearly % gain) -- if we want to get an idea of who is really good and who is simply a has-been. Kodak was great in the '60's. K Mart was the America's iconic discount retailer until Sam Walton can along and obliterated them and their stubborn methods.

I want to know who is killing it NOW - based upon being good NOW. Not who has done it in the past and simply has a large enough account that they no longer need to be any good in order to make some arbitrary dollar figure per year.

Come on, all of you (should) know that basing success/failure simply on a dollar figure is utterly absurd ---without taking into cosideration to what size bankroll that figure was earned on.

OK, let's do stay on topic and let's find out who's good right now? This past year? In percentage terms. Not who's simply rich 'right now' as a result of past performance. And please let's not be so silly as to assume that *Past performance is indicative of future success*.

No one's asking you to give away your sacred set-ups. You are even more than welcome to lie or stretch the truth, if you are that type of person.

I made 1.2% on my account trading about 25 -30 days. I then quit (10 months ago) because I felt I had been lucky and not good.

Peace,
Paige

Nobody knows and people keep their head down to 'hopefully' carve out their own bit of cheese. There are trading periodicals that discuss who is 'killing it' but from what I have seen, they tend to get snatched up by the big guys or are never really seen or heard from...

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  #557 (permalink)
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Linds View Post
That is not what is being asked of them is it? They can certainly participate in this thread without doing that.

@Linds

in your estimation, what are some of the incentives necessary.... for those who are already on cloud9 to come back to where many of the stubborn traders like many of us are here, and to involve themselves trying to provide PROOF per beginners' insistence, to prove that they really are on cloud9 and not on the ninth floor of these doubting thomases' condo bldg....?

closer to home, would i want to vacate my little cave to prove to anyone that i really enjoy myself in the cave beyond many's envisions and dreams.... why do i need to show any one my warranty deed.... just to prove to inquisitive passersby the kind of life style that is different, not necessary better, than most accustomed to....?

what would be some equitable reasons for me to wanting to show proof of exclusivity and ownership....?

to generalize a bit further, just because i can not learn to speak thai, that does not mean that others, like my teenage daughter could not learn that language either.... such line of reasoning is absurd, isn't it?

more succinctly, just because a person can not trade profitably, for whatever reasons; does it necessarily mean that numerous other traders are also not able to trade profitably.... rather absurd too, isn't it?

hopefully, i am staying the course, if not let me know, bm, K? and thx for watching out.

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  #558 (permalink)
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paige, i'd say you did very well by yourself.... at 1.2% per month....


Paige View Post
Alphas?

Does this mean someone who who makes the most money-- or someone who makes the greatest percentage on their money? Or will this (no doubt) boil down to who has made the (X) percentage on their money for (X) years -- ends up being considered an 'Alpha' because they are now rich?

But being an 'alpha' (as of today) is no guarantee that you will remain one in the future. Give me a $10 million account and I'd have a great shot at making a 2 1/2% annual return. (or $250K per year) Would I would worth a damn as a trader? Give me a break!

We need to be talking percentage here (daily, weekly, monthly or yearly % gain) -- if we want to get an idea of who is really good and who is simply a has-been. Kodak was great in the '60's. K Mart was the America's iconic discount retailer until Sam Walton can along and obliterated them and their stubborn methods.

I want to know who is killing it NOW - based upon being good NOW. Not who has done it in the past and simply has a large enough account that they no longer need to be any good in order to make some arbitrary dollar figure per year.

Come on, all of you (should) know that basing success/failure simply on a dollar figure is utterly absurd ---without taking into cosideration to what size bankroll that figure was earned on.

OK, let's do stay on topic and let's find out who's good right now? This past year? In percentage terms. Not who's simply rich 'right now' as a result of past performance. And please let's not be so silly as to assume that *Past performance is indicative of future success*.

No one's asking you to give away your sacred set-ups. You are even more than welcome to lie or stretch the truth, if you are that type of person.

I made 1.2% on my account trading about 25 -30 days. I then quit (10 months ago) because I felt I had been lucky and not good.

Peace,
Paige

hi paige

at 1.2% per month which equates to about 14.4% per annum, that i would say it again that....

it is quite outstanding in my book, really, for a day to day trader.

in addition, you also appear to have the determination to get to the bottom of some issues, which also is a big plus in learning to trade better, more efficiently and more profitably at the end.

keep pushing it, you'll get your answers. those who trade for a living, at their own leisure, will point
you to where you ought to look and what you need to indulge yourself in, in due course. cheers paign and everyone.

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  #559 (permalink)
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nakachalet View Post
@Linds

in your estimation, what are some of the incentives necessary.... for those who are already on cloud9 to come back to where many of the stubborn traders like many of us are here, and to involve themselves trying to provide PROOF per beginners' insistence, to prove that they really are on cloud9 and not on the ninth floor of these doubting thomases' condo bldg....?

closer to home, would i want to vacate my little cave to prove to anyone that i really enjoy myself in the cave beyond many's envisions and dreams.... why do i need to show any one my warranty deed.... just to prove to inquisitive passersby the kind of life style that is different, not necessary better, than most accustomed to....?

what would be some equitable reasons for me to wanting to show proof of exclusivity and ownership....?

to generalize a bit further, just because i can not learn to speak thai, that does not mean that others, like my teenage daughter could not learn that language either.... such line of reasoning is absurd, isn't it?

more succinctly, just because a person can not trade profitably, for whatever reasons; does it necessarily mean that numerous other traders are also not able to trade profitably.... rather absurd too, isn't it?

hopefully, i am staying the course, if not let me know, bm, K? and thx for watching out.

Hi Nakachalet
I appreciate what you are saying - it has been said adinfinitum ..the argument against providing 'proof' etc. However the OP has not requested proof so it is not required here. The OP simply posed 3 questions

1. Is trading your primary source of income? (Yes or no)
2. Do you make over $100k/year in trading (Over, under, NA)
3. How long did you trade prior to making trading your primary source of income - or if not primary income yet, number of years trading? (Approx. # hours on screen)

This doesnt require coming out of a cave or disclosing holy grail secrets does it?

for me it is
1 no
2 under
3 three years learning trading and counting - probably about 4000 hrs

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  #560 (permalink)
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Linds View Post
That is not what is being asked of them is it? They can certainly participate in this thread without doing that.

Not in the OP, but later in the thread people have tried various ways of getting successful traders to post account statements. Some begged, others tried to provoke a response, but neither will work. The point is that there's very little incentive for successful traders to post what they are doing or what they are making. Answering the latter would result in a sea of PMs from people looking for advice.

Personally, I don't get why people are so hung up on what everyone else is making. Who cares? I would venture to say that people hung up on what others are doing, or making, will not succeed as traders. Trading is a game for highly independent individuals, it's not a profession for "sheep".

Even if no-one was making money by trading, should that stop you from trying? Imagine if all the physicists never attempted to further the theories because "no one has cracked it thus far"?

Besides, everyone knows there are people making money. Paul Rotter and Andy Priston are pretty well-documented cases. There's a Norwegian trader that pulled in over $50MM several years in a row, he built a fortune trading electricity on Nord Pool. There are "countless" other examples, just read the Market Wizards books. What more evidence do people need?

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