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mktwzrd
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Posts posted by mktwzrd
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just throwin this out there:
if you want to make a living as a trader starting with a small account
say a 15% return per year is the goal
trading a $1 mil account, the trader would make $150,000 per year...$105,000 after taxes (assuming a 30% tax)
if a trader makes 15% per year net profits and has to pay 30% of that in taxes (so the trader ends up with a 10.5% net profit after taxes)...
if the trader never makes a single withdrawal, and nets 10.5% per year after taxes, and the trader compounds every single year, it would take a trader 37 years to grow an account from $25,000 to over $1,000,000
starting with a $2,500 account, it would take 61 years
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...here is today's oil blotter...While I don't doubt your success and have nothing against you, brownsfan, let's be honest...blotter snapshots like that are fairly easy to manipulate...
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These WAPS don't make sense at all...like i said..latest nonsense to tick down to retail thinking they have found something..Shit, this board is basically built from that BS..Way easy to turn these algos non discreet..As if that would be some amazing thought.
TWAP just as nonsense. Not hard to figure retail guys are fucking fools.
Calm down, natedredd10...you'll give yourself a tummy ache.
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Okay guys I am a bit confused maybe someone can clear this up for me.I understand emini contracts expire on the 3rd Friday of every expiry month (March, June, September, December)
Rollover usually occurs 8 days before this so that means for example this time the 3rd Friday of the month occurs on Sept 17, 2010. Rollover would be Sept 9, 2010? So Sept 8 we would trade the 09/10 contract and Sept 9 we would trade the 12/10 contract?
:crap:
:crap:Help appreciated!
Quick Facts about Rollover Day
The following applies to many (if not most) futures contracts especially those from the Chicago Mercantile Exchange (CME) and Chicago Board of Trade (CBOT).
•Rollover is 8 days before expiration.
•Expiration is the third Friday of each quarter month (March, June, September, December)
•The contract letter associated with each month is: March=H June=M September=U December=Z
•Rollover is on a Thursday.
•Rollover is usually on the second Thursday of the month but will be on the first Thursday if the first day of the month falls on a Friday
•Volume shifts to the new contract at market open (09:30 EST) on Rollover day
•New day trading or swing trading positions opened on rollover day should use the new contract month irrespective of when you plan to close it.
•New swing positions might be better opened using the new contract if opened within a few days of rollover day.
•Market myths abound at rollover and expiration. Check the source and confirm the probabilities before believing anything
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Fortunately for me, my winners have been significantly bigger than my losers. In my case, I choose to remain humble. Humility helps my mind remain limber.Oh really? Couldn't help but remember...
Trader P/L 2009, post 807:
MightyMouse: "Personally, I am currently down slightly for the year."
Post 811:
thalestrader: "...most day traders whom I know who are survivors are profitable, and they are profitable day after day, with few losing days, rarely a down week, and hardly ever a negative month. It is August. Frankly, if I were down for the year at this point, I'd be out of a job."
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When I first saw this thread, I knew with 100% certainty that no one would succeed because I've tried it before and learned that it was impossible/couldn't be done...by anyone.I think it's kind of funny/interesting that the sarcasm wasn't detected in my post...
There are so many bitter losers roaming these forums (more at ET) that really DO have the attitude of my post, that when I say something as negative/ridiculous/extreme as a I did, it is assumed that I'm serious rather than sarcastic!!! :rofl:
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just because you have tried it and failed,then it is impossible/couldn't be done... by anyone.
Brilliant !
Just to be clear...I was being sarcastic/mocking the naysayers.
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When I first saw this thread, I knew with 100% certainty that no one would succeed because I've tried it before and learned that it was impossible/couldn't be done...by anyone.
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What ya doin there bobby, ya playin a vidya game?
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what do you consider a "professional" trader?
i'd say any institutional trader, as well as retail traders with an annual income at or exceeding U.S.$ 550,000 and/or net worth greater than U.S.$ 3 million
maybe the term is reserved for institutional traders only
what do you think?
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im sensing some serious fail at humour here.:o:o:o..............
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I'm sensing some serious jealousy here.
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I'm looking to spend $1/2 million - $1 million (or more - money really isn't a concern) on a new watch to add to my collection. Any ideas?
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How many of you can get your shine on like this?? I can (and do).
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Fellow Super-Traders,
Post how you get your shine on. This is a picture of my new car.
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CornHusker,First, thank you very much for the kind words.........
Are you serious?!?!
:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl:
Cory2679, TMBTC, Mktwzrd
in General Discussion
Posted
It's true........