mktwzrd

It's true........

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

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...

Calm down, natedredd10...you'll give yourself a tummy ache.

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

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."

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:

Just to be clear...I was being sarcastic/mocking the naysayers.

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.

What ya doin there bobby, ya playin a vidya game?

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?

:o:o:o..............

I'm sensing some serious jealousy here.

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?

How many of you can get your shine on like this?? I can (and do).

Fellow Super-Traders, Post how you get your shine on. This is a picture of my new car.

Are you serious?!?! :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: