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  1. Andy1_1

    Day trading realistic expectations

    It's out of 98 total trades, so something like 61% wr, but some are included from when I wasn't trading full time. All are utilizing a similar simple RSI, EMA cross strategy buying when volume picks up after the cross about a total of 2 ticks from the initial cross. I absolutely agree the...
  2. Andy1_1

    Day trading realistic expectations

    Absolutely, I was gambling which is why I lost the 12k, but I did so knowingly because I was overeager to grow account even at great risk. I thought I was the shit because I had several wins in a row with almost 0 errors. I realize this was incredibly stupid now. My performance is actually...
  3. Andy1_1

    Day trading realistic expectations

    I have a win rate on my trades of ~60% on about 98 trades. With an average profit of ~$200 a day or 0.66% I think my problem really just was refusing arrogantly to let go of a trade and ending up losing like 10-20% by being stubborn.
  4. Andy1_1

    Day trading realistic expectations

    Looking for some experienced traders to give me a realistic expected profit mark for growing my account based on their own experiences. Is it possible to make upowards of 2-5% a day? I am new and have been trading for about 3 months seriously, 2 years prior on and off playing around non...
  5. Andy1_1

    Canadian Retail Trading: Tfsa or cash account?

    So I am considering switching to a cash account and trading out of that, incorporating to pay only 15% tax rate, as opposed to 50% they charge day traders without tax benefits on capital gains. I currently use a tfsa account, in which I cannot leverage my trades, this is very annoying, as I...
  6. Andy1_1

    Dealing with harsh drawdowns, solutions, advice?

    Thanks for the advice everyone. Gave me some stuff to think about.
  7. Andy1_1

    Dealing with harsh drawdowns, solutions, advice?

    I trade technicals, I only look at fundamentals briefly to ensure there's no absurd cash flow risks to even short term holds. I noticed an exploitable correlation between gold price changes before the open and a gap (1-3%bod) reversion to vwap , rsi, and volume based strategy I backtested on...
  8. Andy1_1

    Dealing with harsh drawdowns, solutions, advice?

    https://www.google.ca/finance?cid=720336 Got in around March. Foolishly held because exams distracted me. Got hit by Fed speculation on interest hikes. Held because wanted return to higher buying power for future trades. If I'm pulling 1.2% in practice trades I can reasonably expect 0.8%...
  9. Andy1_1

    Dealing with harsh drawdowns, solutions, advice?

    Hey, I am a somewhat new trader, and I'm currently dealing with ~19% drawdown from a position I foolishly held over an exam period without monitoring. To put this into perspective, I started with around $27k placed on the trade and now have around 21k. I am debating selling at a loss and...
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