who on here actually makes money trading?

EricReed · Jun 30, 2011

I wonder, after reading most of these threads, who on this forum actually makes money from trading?

By money, I mean over £5,000 a month take home income, after compounding?

Who on here has a £50,000 trading account?

Because from these sounds of it most traders on here are either losers, on a demo or barley making anything....

or would I be wrong in assuming this?

Martinghoul · Jun 30, 2011

Why do you care?

rc450 · Jun 30, 2011

dunno 'boot anyone else but i'm making barley on demo.!

Devilicus · Jun 30, 2011

Who knows. Lets assume.
I reckon Martinhoul does. Also Arabiannights and Dionysustoast.
I reckon Pocrel, wackypete and DSshriprock make consistent money trading, but im gonna guess not quite over 5k per month.

What about you, Eric? what's your story? how long you been trading? You a TA guy? what instruments?

EricReed · Jun 30, 2011

Martinghoul said:
Why do you care?

so your not success then...

EricReed · Jun 30, 2011

Devilicus said:
Who knows. Lets assume.
I reckon Martinhoul does. Also Arabiannights and Dionysustoast.
I reckon Pocrel, wackypete and DSshriprock make consistent money trading, but im gonna guess not quite over 5k per month.

What about you, Eric? what's your story? how long you been trading? You a TA guy? what instruments?

I am new to trading... I just wondered if anyone on here is really making money from trading.

most people seem to be doing crap to be honest!

rc450 · Jun 30, 2011

EricReed said:
most people seem to be doing crap to be honest!

can't imagine why......gotta dash off, off to pick my money tree

the hare · Jun 30, 2011

EricReed said:
most people seem to be doing crap to be honest!

what else would you expect ?

There are 4 or 5 who are doing OK, but you'll probably never get to know who they are.

advfntrader · Jul 1, 2011

of course people are. you should worry about yourself in life not compare to others.

Martinghoul · Jul 1, 2011

EricReed said:
so your not success then...

Nah, I am a total abject failure, you're right

redart · Jul 1, 2011

the hare said:
what else would you expect ?

There are 4 or 5 who are doing OK, but you'll probably never get to know who they are.

we know now

:

Devilicus said:
I reckon Martinhoul does. Also Arabiannights and Dionysustoast.
I reckon Pocrel, wackypete and DSshriprock make consistent money trading, but im gonna guess not quite over 5k per month.

donaldduke · Jul 1, 2011

EricReed said:
I wonder, after reading most of these threads, who on this forum actually makes money from trading?

By money, I mean over £5,000 a month take home income, after compounding?

Who on here has a £50,000 trading account?

Because from these sounds of it most traders on here are either losers, on a demo or barley making anything....

or would I be wrong in assuming this?

Based on the 'only 1% of traders make very good money' statistic.

There are 2500 t2w members who probably make >5K a month.

But only about 1% of the membership are recent posters, so we can conclude that there are only 25 people 'on here who actually makes money'.

That seems about right to me.

0007 · Jul 1, 2011

donaldduke said:
Based on the 'only 1% of traders make very good money' statistic.

There are 2500 t2w members who probably make >5K a month.

But only about 1% of the membership are recent posters, so we can conclude that there are only 25 people 'on here who actually makes money'.

That seems about right to me.

Those that have got it don't flaunt it.

tomorton · Jul 1, 2011

Since moving to a new approach last August I have been up over the last 5 months of 2010 and am up over the first 6 of 2011. Over 12 months I expect to make a profit level somewhere between my fixed living expenses and my 'real job' salary, if I don't compound position size. In 2012, I would expect that perfofmance will be somewhat better, as we should not expect to have another 'Arab Spring' nor a Greek sovereign debt crisis.

timsk · Jul 1, 2011

tomorton said:
In 2012, I would expect that perfofmance will be somewhat better, as we should not expect to have another 'Arab Spring' nor a Greek sovereign debt crisis.

Hi Tom,
I hear what you're saying but, on the other hand, would it not be wise to assume (if any assumptions of any kind are to be made) that there will be something else that causes the heartbeat of the markets to go into a flutter?
Tim.

tomorton · Jul 1, 2011

That could happen of course Tim. Last year the BP Gulf of Mexico fiasco had a very negative effect. The year before I can't remember but probably something equally valid. Of course, next time I will be more experienced at my own approaches to the market and so better prepared: I have certainly abandoned compounding since the Libya revolution.

tkbieber · Jul 1, 2011

Around 50% a month gain. Shooting for $2M in 2 yrs.
And yes, I have a live account performing the same way currently doing over $2,000 a week and growing. I love the power of compounding. Check back with me in 6 months to see how much it compounds then.
Yes, it's a struggle to stay in the 5% of the Forex group who actually make money.

wackypete2 · Jul 1, 2011

tomorton said:
That could happen of course Tim. Last year the BP Gulf of Mexico fiasco had a very negative effect. The year before I can't remember but probably something equally valid. Of course, next time I will be more experienced at my own approaches to the market and so better prepared: I have certainly abandoned compounding since the Libya revolution.

There will always be world events that make the markets very erratic. You excellent quote that I highlighted is what traders need to rely on as time goes on and they gain the experience.

Peter

BeginnerJoe · Jul 1, 2011

0007 said:
Those that have got it don't flaunt it.

Something tells me you haven't got it.

BeginnerJoe · Jul 1, 2011

tkbieber said:
Around 50% a month[/URL] gain.

Not to mention the broker referral fee you get for pulling in noobs. So far I estimate it to be in the region of $5 a month.

who on here actually makes money trading?

Active member

Senior member

Well-known member

Well-known member

Active member

Active member

Well-known member

Senior member

Established member

Senior member

Established member

Experienced member

Senior member

Guest Author

Legendary member

Guest Author

Established member

Legendary member

Senior member

Senior member

Similar threads