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Does anyone really make money trading futures?


Does anyone really make money trading futures?

I am just wondering.

I know I don't. I have tried all the indicators and the chat room gurus, and none of them make money.

I have a suspicion that a lot of the chat rooms for emini trading are just for hobbyists and market enthusiasts and not for serious traders trying to make a business out of trading.

For any new traders out there please be very cautious of paying anyone to mentor you or signing up for training or a chat room. From what I have seen the only people making money in these deals is the mentor, the chat room owner or the author of the training manual.

I would love to hear from you if you are a successful trader making 20% off your account or better over the past year. I know only 5 to 10 percent of traders are supposed to be successful, but I am beginning to think that zero percent of traders are successful over the long haul. Certainly anyone can have a streak of luck and rack up a few good months where they dramatically increase their account size, but these people are normally big risk takers and eventually they blow out their accounts by taking the exact same risks that help double their accounts in the first place.

Thanks in advance for any response.
Greg
Sorry you took offence wasnt directing my comments at you. Some people are good traders and some aren't. I have had several PMs the last few weeks from people that have learned MP from the likes of Blue Falcon of Falcon day traders and others. The way they are taught MP has them constantly counter trend trading. I thought I was clear that I was commenting on the snake oil vendors out there that subq was talking about.

I have never said anywhere my way is the only way or the best way or anything of the sort. Just trying to point out that you can make a great living trading.
I think its great you called a long for when the morning high was reached. Taking a long when it reached 16.75 and having to watch it pull back to 14 before it took off and having to place my stop at either 12.75 or 11.25 is not the risk I like to take.
There is no one right way to trade. No doubt you are a better MP trader than I am. I never claimed to be a MP trader its just one of the confirmation methods I use.
I envy your ability to ride that trade from 16.50 to 26. That is something I am not good at. I have to take profits and put them in the bank.
Hi everyone
Just to clarify - as a Trading Zone member - The trade Greg is talking about and which i myself and my fellow traders took had a stop of 1 point - This is what the method teaches....We took no heat on this trade also - it took off the moment the trade was placed - this is due to being able to read the tape (something else the method teaches)

You need to come along to the room as a guest and see for yourself - it does not cost anything to be a visitor - this way you can see for yourself if this is right for you....

I was in the room 1 day before i decided to become a member - the best choice i have ever made to take my trading to the next level....

MP is taught in a way that i have never come across and it blows my mind - i am aware of what kind of trading day i am likely to expect and have a great heads up due to the way Greg teaches this study...

You need to come along and see for yourself - you have nothing to lose
I have posted my comments in great detail before, please take a look.
http://www.mypivots.com/forum/topic.asp?TOPIC_ID=1869&whichpage=10

Look forward to seeing you guys in the room

Amin Surrey England - http://www.thetradingzone.com/chatroom.html
daytrader,

Can you please stop Greg and his followers from pumping his service in areas of the forum that aren't meant for that? It gets old. If I am in error and you allow such tactics anywhere in the forum then disregard I guess.
quote:
Originally posted by subq

daytrader,

Can you please stop Greg and his followers from pumping his service in areas of the forum that aren't meant for that? It gets old. If I am in error and you allow such tactics anywhere in the forum then disregard I guess.



Sorry Subq that u feel this way - The question was if anyone makes money trading - And i do - I suppose u dont like my opinions (which is fine) but i hope it helps others that appriciate my honesty. I also dont get paid by The Trading Zone

Good luck in your trading - if u need it that is

Amin Surrey England
whatever subq

not pumping it's just 1 member out of many hundred who is responding to the question "does anyone make money trading"

It sounds as if he is making money, and I suppose that since the question was asked, that others would want to know how he is accomplishing it

the only reason I even posted here, was that it seemed that someone who claimed to be trading Market Profile, had posted some ideas that to me sounded very opposite to how we use it.

enough said.
No more from me

Greg
It's a fine line to tread. I'm going to leave the thread as it is for the moment. It's gone slightly off topic but I don't want to stifle interesting and educational communication between traders. aminm_3's comments would have been better off in the Trading Zone thread with a link to it like he provided.

Let's leave it there and continue discussion on the question of "Does anyone really make money trading futures?"

I know that there are a number of people who are interested in hearing comments about how hunterone trades. Is there any progress on this? Anybody been listening to hunterone?
I'd be curious as to how this is going too and how the Skype platform functions as a chat room ...
quote:
Originally posted by day trading


I know that there are a number of people who are interested in hearing comments about how hunterone trades. Is there any progress on this? Anybody been listening to hunterone?

Jim is trying to get set up over this weekend. So far noone else is set up on skype or if they are I dont know about it.

Bruce, Skype wouldnt work for a large group but is by far the best thing out there for small trading groups. I think past 20 or so people the leader of the group wouldnt like it. Skype is a phone service at its heart. Calls from skype users to other skype users are free anywhere in the world. The calls can last all day. Our group usualy runs 6 to 8 hours give or take. It also has a chat feature so it can also work just like AIM etc so some folks can talk and others just type if they want to or dont have mics.
The way it works is that one person starts the call and uses the conference feature. Then others send a chat message to the call originator. He then adds them to the call. I have a desk mic on the corner of my desk. I leave it turned on. I can talk whenever I want without haveing to touch,type or turn on anything. At times we might talk over each other a bit just like any group phone call.

Again I invite anyone that wants to listen in to the call I will have with Jim. In any case I think everyone should have skype and its free. I sound like a shill for them but I just love it.
I am working with hunterone on this, but the hold up is my schedule, and my lack of free time. So far he has answered all my e-mails in a timely manner and given me the instructions as to how to prepare. Hopefully by next week I will be able to listen in on a session with him, and let everyone know how this works for this purpose.
Skype is good - I've been using it for a number of years. The quality to and from phones was not that great the last few times that I used it but it has generally had the best quality for VOIP calls.

I've started a new topic to discuss Skype and other conference software if anybody wants to continue this discussion.
Originally posted by Bennie_aguilar

Futures trading provide a great earning opportunity but it requires great speculative skill to predict future moves. Experience matters in Future trading.

I too agree. It is like a two sided blade. Need to handle with care.