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Is anyone actually making money?


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Is anyone actually making money?

  #211 (permalink)
 PK2020 
Phoenix AZ USA
 
Experience: Intermediate
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Ben detto, Gianni.

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Can you help answer these questions
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  #212 (permalink)
RAGAV
HYDERABAD, India
 
Posts: 9 since Dec 2020
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goodoboy View Post
KyronC,

Good question. Sorry I can't help you, I am a consistently break-even day trader. I am still trying to get profitable.

Almost all successful traders in history have traded on larger timeframes than a day. You can observe that in books containing interviews of successful traders such as Market Wizards.

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  #213 (permalink)
 
gleneagle's Avatar
 gleneagle 
Dunwoody + Georgia/DeKalb
 
Experience: Advanced
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Trading: SPY, Options, Stocks
Posts: 7 since Apr 2020
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Well-spoken advice.

The best traders have a plan, certainly a structure they adhere to, and focus acutely on money/risk management. But first, you must decide if you are "investing" or trading.

I can imagine many, many serious "investors" are/can be successful over significant periods of time (not measured in hours). Part of this is the magic of compounding and part through a painstaking examination of data. Corporate balance sheets, etc, etc.

Pretty soon there will be as many books written about trading the "Markets," as have been written about Napoleon.

Cheers,
Gleneagle

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  #214 (permalink)
 
syswizard's Avatar
 syswizard 
Philadelphia PA
 
Experience: Advanced
Platform: Multicharts
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RAGAV View Post
Almost all successful traders in history have traded on larger timeframes than a day. You can observe that in books containing interviews of successful traders such as Market Wizards.

Dude - that was years ago...before everyone had a high speed connection and fast trading platform that could be programmed.
Get with the times.
Some of the HFT firms are making a TON of money trading for ticks.

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  #215 (permalink)
RAGAV
HYDERABAD, India
 
Posts: 9 since Dec 2020
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syswizard View Post
Dude - that was years ago...before everyone had a high speed connection and fast trading platform that could be programmed.
Get with the times.
Some of the HFT firms are making a TON of money trading for ticks.

What are the annual returns as part of their total capital? How many HFT firms are there approximately? What is their average return per annum?

Some firms might make huge profits. The average profits of all firms would be less stellar than the high performing ones.

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  #216 (permalink)
 
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 TraderMich 
Copenhagen + Denmark
 
Experience: Advanced
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Broker: Broker: Trade Future 4 Less. Data Feed/Order routing: CQG
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xinm View Post
https://twitter.com/verniman
this person is making money almost every day, and he posts every trade on twitter

Correct - But he always post them post the fact. - So are you sure he is really making money?

Do you know tha the 2(100) afer his Buy and Sell Entries means ? - Amount of contracts ? like 2x 100 contracts or something else?

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  #217 (permalink)
 Miesto 
Monte Carlo, Monaco
Legendary Market Wizard
 
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TraderMich View Post
Correct - But he always post them post the fact. - So are you sure he is really making money?

Do you know tha the 2(100) afer his Buy and Sell Entries means ? - Amount of contracts ? like 2x 100 contracts or something else?

Verniman posts all his entries live the moment he enters for people who pay a small fee (via another subscribed based twitter account).

He always enters and exits with 2 lots (ES). He uses a good method (successful) and applies great discipline. One can learn a lot from him. Highly recommended.

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  #218 (permalink)
 
TraderMich's Avatar
 TraderMich 
Copenhagen + Denmark
 
Experience: Advanced
Platform: Sierra Chart
Broker: Broker: Trade Future 4 Less. Data Feed/Order routing: CQG
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xinm View Post
https://twitter.com/verniman
this person is making money almost every day, and he posts every trade on twitter

Correct - But he always post them post the fact. - So are you sure he is really making money?

Do you know tha the 2(100) afer his Buy and Sell Entries means ? - Amount of contracts ? like 2x 100 contracts or something else?

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  #219 (permalink)
 
TraderMich's Avatar
 TraderMich 
Copenhagen + Denmark
 
Experience: Advanced
Platform: Sierra Chart
Broker: Broker: Trade Future 4 Less. Data Feed/Order routing: CQG
Trading: DAX; ES; Bund Futures
Posts: 77 since Oct 2018
Thanks Given: 49
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Mich62 View Post
Verniman posts all his entries live the moment he enters for people who pay a small fee (via another subscribed based twitter account).

He always enters and exits with 2 lots (ES). He uses a good method (successful) and applies great discipline. One can learn a lot from him. Highly recommended.

Hi thanks a lot for your kind reply - Kind of you.

Yes I seen something about "Buy me a cup of coffee" or similar, thanks.

But what puzzles me is that he must have been trading for quite a long time and if he is very successful, why is he still only trading two contracts?

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  #220 (permalink)
 myrrdin 
Linz Austria
 
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Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
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TraderMich View Post
Hi thanks a lot for your kind reply - Kind of you.

Yes I seen something about "Buy me a cup of coffee" or similar, thanks.

But what puzzles me is that he must have been trading for quite a long time and if he is very successful, why is he still only trading two contracts?

I am always asking myself: If he operates an excellent trading system, why does he care for a "small fee" ?

Best regards, Myrrdin

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