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Allan,
Yes he is day trading SP500 e-mini futures which are highly leveraged.
He makes about 5 -7 trades a day on average.
He does not compound, but rakes his winnings off the table each week.
He changes his "system" weekly as the market conditions change.
He is the best trader I know.
To beat his performance, you would have to look ahead a few minutes!
I will consider myself a really good trader when I hit half his
performance.
Dennis
On Aug 12, 2007, at 2:22 PM, matrix10014 wrote:
> Hi Dennis,
> Sorry for the delayed responce,but I can not get the performance
> returns of your friend out of my mind.Doubling his money weekly??
> That is simply staggering.Is it safe to assume that he is daytrading
> with close to 20:1 leverage?
>
> As a very curious non system trader/chartist,any input would be
> greatly appreciated.
>
> Thanks,
>
> Allan
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, Dennis Brown <see3d@xxx> wrote:
>
>
> I know one trader who doubles his money every week. He does not
> use AmiBroker or any other sophisticated tool,just CCIs and hand
> drawn trend lines.He understands the flow of the markets and works
> hard all day at placing high reward/risk trades and is a very good
> trader (emotionally). I know other good traders that take a month
> to double their money --also with simple tools.
>
> Could they be using AmiBroker for generating the charts and
> indicators and make these outrageous results? Yes, but you would be
> none the wiser for knowing that a half dozen traders were making
> fantastic returns using AmiBroker in this way.
>
>
> PS..The super traders I know are polite, humble, and generous
> people. These must be important traits for super success in trading.
>>
>>
>>
>> On Aug 4, 2007, at 4:39 PM, Steve Howlett wrote:
>>
>>> What is it with you people:
>>>
>>> "So if Rakesh didn't answer your question then he answered the
> one
>>> that you *should* be asking."
>>>
>>> I ask the questions I want answers to not the ones I think
> should
>>> be asked...
>>>
>>> duh
>>>
>>>
>>>
>>>
>>> On 8/4/07, Sirbrainfart <sirbrainfart@xxx> wrote:
>>>
>>> Steve,
>>>
>>>
>>> What you are asking is similar to an engineer or architect
>>> pondering whether "AutoCAD will make my next design successful?"
> or
>>> an accountant/business manager wondering if "Sage can turn my
>>> business around?". Perhaps Geosoft might allow a geologist to
> find
>>> an ore deposit?
>>>
>>>
>>> You don't "make good money" purely because of any software, not
> in
>>> any profession. Success *always* depends on the ability of the
>>> user. A well programmed application merely allows the user to
>>> express him/herself to their own personal maximum potential
> whilst
>>> keeping the complexity down to acceptable levels in order to do
> so.
>>> Trading software is no different to any other business
> application
>>> in that respect…from MS Word right up the scale of complexity.
>>>
>>>
>>> So if Rakesh didn't answer your question then he answered the
> one
>>> that you *should* be asking.
>>>
>>>
>>> Andy
>>>
>>>
>>>
>>> From: amibroker@xxxxxxxxx ps.com
> [mailto:amibroker@xxxxxxxxxxxxxxx]
>>> On Behalf Of Steve Howlett
>>> Sent: 04 August 2007 18:44
>>> To: amibroker@xxxxxxxxxxxxxxx
>>> Subject: Re: [amibroker] Is anyone here making good money using
>>> Amibroker?
>>>
>>>
>>> Thanks Rakesh Sahgal for not answering my question...
>>>
>>>
>>> You say: "Your ability to make money wont be constrained by
> this
>>> software, if thats what you want to ask."
>>>
>>>
>>> No - that is not what I wanted to ask - if it was I would have.
>>>
>>>
>>> I asked what I wanted to which you did not answer.
>>>
>>>
>>> All I asked was whether anyone is doing well with this software -
>
>>> save me your pithy obvious comments.
>>>
>>>
>>> You also say: "Your success is a function of how good a trader/
>>> investor you are" - really I had never thought of that...do you
>>> normally speak to people as if they are stupid?
>>>
>>>
>>>
>>>
>>>
>>>
>>> On 8/4/07, Rakesh Sahgal <rakeshsahgal@xxx> wrote:
>>>
>>> Your ability to make money wont be constrained by this software,
> if
>>> thats what you want to ask. If you are asking "Is buying this
>>> software a license to print money?" , no it is not. Your success
> is
>>> a function of how good a trader/investor you are. Is this
> software
>>> comprehensive in terms of the features required to analyse the
>>> markets? Barring a few shortcomings it is fairly comprehensive
> in
>>> it's coverage and if you consider it's price it is very good
> value
>>> for money.
>>>
>>>
>>> On 8/3/07, steveinlondon2007 < steve.howlett@xxx> wrote:
>>>
>>> Hi,
>>>
>>>
>>> I have been recomended to use this software by a friend.
>>>
>>> Please can you reply to this if you are making good money with
>>> Amibroker...(I mean high % returns per year here)
>>>
>>> Please accept my apologies if this is an inappropitate post for
> this
>>> group - I have just joined so am unsure if this question goes
>>> elsewhere.
>>>
>>> To summarise I am looking for some success stories - I see a lot
> of
>>> technical talk but how well are people doing financially with
>>> Amibroker?
>>>
>>> I understand many hold privacy as a high priority so a
> simple "it
>>> works
>>> for me" is great!
>>>
>>> Just looking for some confidence boosters before I jump in!
>>>
>>>
>>> Thanks all,
>>>
>>>
>>> Steve
>>>
>>>
>>>
>>> Please note that this group is for discussion between users only.
>>>
>>> To get support from AmiBroker please send an e-mail directly to
>>> SUPPORT {at} amibroker.com
>>>
>>> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
>>> http://www.amibroker.com/devlog/
>>>
>>> For other support material please check also:
>>> http://www.amibroker.com/support.html
>>>
>>> Yahoo! Groups Links
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>
>
>
>
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> http://www.amibroker.com/devlog/
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> Yahoo! Groups Links
>
>
>
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
For other support material please check also:
http://www.amibroker.com/support.html
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