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is 40-50 ticks per day doable


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is 40-50 ticks per day doable

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  #1 (permalink)
 anniebee321 
london
 
Experience: Beginner
Platform: ninja
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the pass requirements to be taken on as a full time prop trader with this firm after 3months of training is 40-50 ticks 4 days out of 5 -- does this sound reasonable - yes they charge a fee

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  #3 (permalink)
 wavey 
Germany / Italy
 
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what products would you be trading then? I would run if I heard those static, non personal risk / reward unaware goals being layed out.

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  #4 (permalink)
 anniebee321 
london
 
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you choose the instrument you like

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  #5 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

Please tell me why somebody who can make 40 ticks a day would not work for himself and have the life everybody dreams off ?

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  #6 (permalink)
 anniebee321 
london
 
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THey tie you into a 4yr contract if successful, they start you on 2 contracts
and expect you to make 300-500 per day - so actually that is 15 -25 pips per
day - so figures do not add up; still not sure if this reasonble expectation?

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  #7 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

My daily target/goal is 20ticks a day.

I'm very happy with that result. I have no clue why I should work for somebody else if I'm reaching my daily target on my own. Everything you need is on Bigmike, you just need dedication, effort, and beating the other 95%.

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  #8 (permalink)
 anniebee321 
london
 
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unfortunately reading through and practicing the multitudes of different strategies
from fibonacci to order flow to pivot to elliot waves......presented on any forum would take years
to sift through to find the best method - what is needed is a structured approach to learning
which is why people opt for courses - unfortunately many of these are no good
which is why self taught traders seem to be taking 2-5 years to succeed though some take
a year. - it took me about 12-18 months to be a competent programmer working within
the industry, taking 3,4,5 years would have got me the sack!!

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  #9 (permalink)
 Big Mike 
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Annie, no disrespect but you seem to be looking for a shortcut.

There are no shortcuts. But, you can at least avoid lengthening your journey if you avoid looking for the holy grail.

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  #10 (permalink)
 anniebee321 
london
 
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hi mike,

not looking for a shortcut journey but trying to avoid a zig zag journey full of pot holes!!!
ie a structured route

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Last Updated on October 27, 2010


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