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Registered User
Joined: 10/12/2005
Posts: 90
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Hi
I was just wondering what percent of trades you guys profit on?
My mentor profits on 95% of trades, so it must be possible for good traders to make alot.....
Thanks
Matt 
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Registered User
Joined: 12/2/2004
Posts: 1,775
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Through 2005 I'm on the winning side. My winning trades so far this year and all of '04 average out at 43%. I average about 1000 trades per year in my active trading account. If you tell me your mentor profits on 95% of his trades and makes more than 10 trades per year, then I want to drink what he's drinking.
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Registered User
Joined: 10/12/2005
Posts: 90
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No, he doesnt make more than 10 trades a day, he mostly swing trades, if he day trades he only trades 1 or 2 a day with the same stock, playing the tweezers or hammers.
Matt
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Registered User
Joined: 10/12/2005
Posts: 90
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Sorry read it wrong, yes, he does make more than 10 a year.
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Registered User
Joined: 10/15/2005
Posts: 13
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I too would love to drink what your mentor is drinking. 95% is awfully good if not great. Tell us more.... 
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Registered User
Joined: 10/7/2004
Posts: 2,126
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Yes, your mentor must have found the holy grail. But I am sure that as when Indiana Jones found the Holy Grail in the last cruzade, he will not be able to take out of the temple. The holy crail cannot be shared, and only those with enough humility and honesty could reach it.
The question is - is your mentor an honest person? is 95% an honest number? I think you may want to reconsider.
good luck in your search for the holy grail.
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Registered User
Joined: 10/12/2005
Posts: 90
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Hes a very good chart reader, he uses candlesticks, volume, support and resistance, and trend lines, i cant see why he wouldnt profit on 95% if he knows what hes doing?
He played a stock 117 times in 6 months this year, lost 17 of the trades, and profited on 100 of them, in total, he lost $1300, and made over $100,000.
I think its wrong to think that, because you only profit on 43%, or someone else only profits on 55%, that someone else cant profit on 95%, some people are better than others are trading.
Saying that, i will probably be bankrupt soon LOL.
Matt
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Registered User
Joined: 1/28/2005
Posts: 6,049
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You must also consider profit and loss.
You can be correct once for a $500 gain and
wrong 3 times, each time with a -$100 loss and
you have still made money.
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Registered User
Joined: 10/12/2005
Posts: 90
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Yes i totally agree, i fully expect to lose money, its just trying to make more than i lose LOL.
Matt
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Registered User
Joined: 12/2/2004
Posts: 1,775
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GameOver, you mentors profit/loss per trade ratio is so fantastic ($76 per loss vs. $1000 per profit) that he has got to be the greastest market trader in the history of Wall St. With a profit/loss ratio like that he only needs to win on 10% of his trades to be doing well, much less 90%. Ten winning trades and he profits $10K; Ninety losing trades and he loses only $6,840.
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Registered User
Joined: 10/12/2005
Posts: 90
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LOL, ok guys, i didnt know i was going to get flamed like this, im a newbie, i didnt know what was a good % and what was not, im just saying what he said lol.
Hes a very good trador, hes very careful.
Matt
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Registered User
Joined: 12/2/2004
Posts: 1,775
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GameOver, no flame to you personally, but what your mentor has told you is pure BS. Stay very far away from this person. Good luck and happy trading to you.
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Registered User
Joined: 1/6/2005
Posts: 4
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i have heard it all;thanks lower alabama,bob
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