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Hi Ben,
Are you really serious with this challenge? Because, if not, don't make me go over all my statements and prepare a package for you.
I have been daytrading stocks for a living for over 2 years now. I have a wife and a son, and our ONE and ONLY source of income is my trading profits. And I am doing it on a very very modest amount of capital. I am sure, if I throw out the extremely rare position/overnight trades and a few option trades (which have been mostly LOSERS), my return on capital will be way above 100%.
By the way, I used to swing trade (for over 10 years), but when I quit my cushy corporate job to become a full time private trader, I quickly found out that position trading was NOT the way to go to make a living. No matter how good you are, the risks and drawdowns are just not acceptable when you are trying to make a consistent income and pay bills (especially with a small capital like I have).
And stress for me is to go to bed with a position in my hand. On the other hand, starting each day with a clean slate is pure joy.
And the reason why I don't manage millions of $$ with a track record like this??? Because I can't.
I couldn't even manage my mother in law's money. Too much stress and too much responsibility, accountability, etc. I like my freedom, don't like to answer to anybody, don't like red tape, can not stand any bosses or customers, etc. etc.
Please let me know and also provide a mailing address.
Best regards,
Levent
good morning
even seasoned traders LOSE the war in day trading
it takes a GRATER toll on your emotions stress is greater
and if you do not make your 1.5 million in2=3 years
YOU WILL BURN OUT
(both mentally and financially)
i do not care how good your m/m is. the POWER to acually pick up the
phone and close position at a loss IS the real test of mony mgt
I even tried a combo of 50/50 (50 day trade and 50% of capital position
trade)
results even more stress,, which resulted to LARGER losses
if ANYONE on this list can fax me copies of their statments with 1 year
of CONSISTANT day trading proffits.
and i mean 8 out of 12 month, and made at least 100% increase on their
original capital , I will mach and GIFT them 100% of their original
capital and take my hat off and bow,,
happy trading
Ben
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