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Yes, I do, and have, since '84, in the s&p's. My trading method consists
of discretionary trigger pulls with indicators, pivots, systems, etc.
delineating market structure. I was successful right off at bat because I
took the time to research the markets in great depth without relying on a
lot of the "conventional wisdom" before placing a single trade. I continue
to be successful because I do a lot of research and reading, especially
unrelated market topics such as signal processing, fractal geometry, and
nonlinear systems. It also helps to like science and math too.
Those of us who are successful are banging out trading profits like an ATM
machine spits out money. Unfortunately, since must we trade during the
day, and do market research and bookkeeping at night, so we don't have a
lot of time on weekdays to respond to email or to participate in flame
wars. I know that I have little time until the weekend to even think
coherently because I must remain focused on the markets 24 hours per day,
Sunday evening through Friday afternoon.
I use software the way a carpenter uses a hammer or saw. I build indicators
or systems with those tools. I was successful long before I heard of Omega
or the Cruz brothers. TS is simply a tool, no more, no less. If another
tool comes along that's better, then I'll get it. But I could still
survive as trader with nothing more than a quote screen, pencil, paper, and
calculator. If you have nothing more than these, and a willingness to work
hard and sacrifice your free time, then it is possible for anyone to
succeed at trading. Lazy bastards or get rich quick guys need not apply.
Hope this helps...
-Tony Haas
Jeff Caplan wrote:
>Is anybody making their *primary* living daytrading? (Not designing/selling
> futures related products/services while trading)
>How do you pass the time during the day while trading?
>To what do you attribute your success?
>Is your trading mechanical or discretionary?
>Do you think you're one-in-a-million, or can your success be emulated?
>
>Thanks for any responses. They're greatly appreciated...
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