1% a day consistently: possible?

[Bitstream]

Quote from romik:

Bitstream, happy for you. But we are really talking about daytrading here. I mentioned investing approach as an example. I am not saying that autotrading strategies do not work, they probably do, but my argument is that your P/L depends on an algorithm executed by a machine and I bet there are/were/will be many times when that autotrade is incorrect, when manual approach can be a lot more safe, if, of course, applied correctly. I haven't seen many autotrading strategies, my opnion is based on logical analyses of the principle involved.

again, futs are mainly traded with success by institutions using the best machines u can imagine...under fast, volatile and deceiving mkts where competition is based on speed and premeditation pressure is immense for the little discretionary guy competing with T, and the only place where he can work wonders with a discrete approach is on stocks: u think your brains can do better in the toughest mkt with the best algos out there?
doubt that.

 

[ElectricSavant]

Well..maybe your right, cause everything I have learned so far is from the BB's...and I do NOT make 1% per day on my Total Equity...

Don't pay attention to the # of posts...nobody else does, including me...ET should remove the post count...

I post heavily on the weekends and on boring Forex evenings waiting for the London open, and hold down a full-time Job...I have plenty of time to trade too! So mind your own business and get back to your 1% a day romik..(not kidding)

Michael B.

Quote from romik:

ElectricSavant, maybe your misunderstanding what can and can't be achieved lies in the amount of posts you have been posting. How do you find the time to trade man? I am kidding. You can not learn how to make money on the BBs.

 

[romik]

Quote from Bitstream:

again, futs are mainly traded with success by institutions using the best machines u can imagine...under fast, volatile and deceiving mkts where competition is based on speed and premeditation pressure is immense for the little discretionary guy competing with T, and the only place where he can work wonders with a discrete approach is on stocks: u think your brains can do better in the toughest mkt with the best algos out there?
doubt that.

Bitstream, I am not suggesting anything of a kind here, let's get that one straight. I have traded stocks a while back and have no interest in them any more as I never had (before) enough capitalization, research and patience. My only interest at the moment is futures. Stocks are good for the ones in the know, most of us are not that well informed though. If you are worried about tools required to trade alonside floor traders, the answer is simple - get the tools.

 

[Thunderdog]

Quote from ElectricSavant:

I just cannot believe this poll, are there really traders that can make an AVERAGE of 1% a day? Consistently year after year?

Evidently so, but, judging by this thread, only if they promise not to compound, choosing to tread water instead, year after year. Perhaps compounding is only for losers. Why would anyone that smart waste any time trying to compound and build up their trading capital?

Interestingly, the people most convinced that it can be done consistently have not yet actually done so, but are on the verge of doing so with methods they are about to apply any day now. I really do wish them all the very best, and I look forward to their progress reports. But it is interesting that a fair number of them seem to share this similarity.

 

[ElectricSavant]

Good observation...I will watch...but haven't we heard this before?

Quote from Thunderdog:

Evidently so, but, judging by this thread, only if they promise not to compound, choosing to tread water instead, year after year. Perhaps compounding is only for losers. Why would anyone that smart waste any time trying to compound their trading capital?

Interestingly, the people most convinced that it can be done consistently have not yet done so, but are on the verge of doing so with methods they are about to apply any day now. I really do wish them all the very best, and I look forward to their progress reports. But it is interesting that a fair number of them seem to share this similarity.

 

[ElectricSavant]

This subject of compounding. I have a very conservative percentage that I use to compound with during the middle of the calendar year measured from start to finish of that year.

If you start with 100K it takes 1/2 a year for my compounding to kick in...it is not as exponential as other methods and it is my own.

The effect on my Fund is that I do not come screaming out of the gate....but towards calendar quarter three and four my yields have progressed to make up for the lower yields in quarters one and two...My leverage remains under 5:1 year round...and Drawdown so far has remained under 8%...but this is only February.

But I am a manual trader...and please excuse my intrusion into this thread..it just seems that the automators are always trying to put trading in a "can".

Discretion, I have recently learned is not replacable...

Michael B.

P.S. If one starts with 100k on Jan 01, 2006

and on Dec 31, 2006 he has a NAV of 130k...

isn't this a yield of 30%?

 

[Thunderdog]

Quote from ElectricSavant:

P.S. If one starts with 100k on Jan 01, 2006

and on Dec 31, 2006 he has a NAV of 130k...

isn't this a yield of 30%?

That would be my guess.

 

[nononsense]

Quote from Thunderdog:

Interestingly, the people most convinced that it can be done consistently have not yet actually done so, but are on the verge of doing so with methods they are about to apply any day now.

You are raising the old perverse spirit again:
Once your (supposed) discoverers all get operational, their methods will stop working.
Why?
You answered this here:

Quote from Thunderdog:

But it is interesting that a fair number of them seem to share this similarity.

nononsense

 

[PitchBlack]

Quote from mahras2:

Look romik simply said he was net averaging 20% returns in papertrader per day and 12.5% returns/day in real life. I am not a futures trader nor have I studied it. However, when you post that you are making 12.5% returns a day on average I assume that you are talking about a sizable account with at least a sizable capital capacity such that that net return can at least be consistently achieved.

I do not know of anyone posting performance without taking account realistic limitations.

I'm also skeptical about the returns, however there are people (Larry Williams) that haven proven that it can be done.
The only thing i never agree with is the trick with the compounding return. Because that is no serious argument to prove that these kind of returns are impossible. That's all.

To be honest i don't believe Romik can make these returns consistently (yet).
He should also know that paper trading is not the same thing as real trading. Did he take enough slippage in account when papertrading? The quote on your screen is not always the quote you get.

 

[riskarb]

Quote from TradeCobalt:

Yo fellas, Lets post some sheets and let see the proof. I want to see a trader trading more than $2 Million in their pool doing more than 1.5 % a day or 30% for the month.

If that is the case, I have access to $10 million and can raise more.

TC.

Then let's see your vtrader run, or the guy who's got half a unit at his fingertips. Extraordinary claims require extraordinary proof.