Thursday, March 8, 2007

How Trader-X trades

Trader-X gives out how he trades. He said his accuracy is about 80%, though I don't know how much he can earn in concrete number.

His trading method is here,

http://traderx.blogspot.com/2005/06/how-i-trade-and-analyzing-charts.html

And he is a day trader. As a day trader, we should always think the liquidity, that your money to buy or sell should not impact on price. Also price slippery is also the thing we should consider carefully.

And according to elitetrader.com, the best day trader's earning is 400,000 last year. So actually that is not a very attractive number for those who has decent job. And the quantas on Wall Street's salary is a stable 300,000. (The number is all heard from Internet boards)

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