1% a day consistently: possible?

1% a day consistently, no down weeks: possible?

  • Yes

    Votes: 58 47.9%

  • No

    Votes: 63 52.1%
  • Total voters
    121
  • Poll closed .
The fact that 50% of the voters actually believe 1%/day is possible...
Just confirms my belief that most people here don't have a clue in terms of the ** realities ** of trading long-term.

A legitimate way to shed light on a problem...
Is to look at the extremes.

Let's see...
Compound 1%/day over 5 years...
And you turn 1 million into 300 billion.

Obviously not remotely possible...
Dream on.

rm+

:cool: :cool: :cool:
 
Quote from RedManPlus:

The fact that 50% of the voters actually believe 1%/day is possible...
Just confirms my belief that most people here don't have a clue in terms of the ** realities ** of trading long-term.

A legitimate way to shed light on a problem...
Is to look at the extremes.

Let's see...
Compound 1%/day over 5 years...
And you turn 1 million into 300 billion.

Obviously not remotely possible...
Dream on.

rm+

:cool: :cool: :cool:
More...


I always love it to read comments from "experts".

Can you tell me how you take a 100 billion$ position? I think you don't have a clue about any trading, whether short term or long term. If you calculate simply by compounding the returns without any limitation your calculations are ridiculous because in REAL trading you will never be able to take such a positions. So you try to prove you're right by calculations that cannot be done in reality.

It would also be be a good idea to reread the title of the thread and the first posting of the person who started this thread. He never spoke about compounding, he even mentioned 250 % return a year, which equals about 1% a day not compounded.

Yes it is possible to make 250% a year consistently. But not on any amount of money. So the yes voters are not as stupid as you would like them to appear.
 
Quote from spike500:



Yes it is possible to make 250% a year consistently. But not on any amount of money. So the yes voters are not as stupid as you would like them to appear.
More...

sure it's possible just ask the traders at enron.
 
Quote from spike500:

I always love it to read comments from "experts".

Can you tell me how you take a 100 billion$ position? I think you don't have a clue about any trading, whether short term or long term. If you calculate simply by compounding the returns without any limitation your calculations are ridiculous because in REAL trading you will never be able to take such a positions. So you try to prove you're right by calculations that cannot be done in reality.

It would also be be a good idea to reread the title of the thread and the first posting of the person who started this thread. He never spoke about compounding, he even mentioned 250 % return a year, which equals about 1% a day not compounded.

Yes it is possible to make 250% a year consistently. But not on any amount of money. So the yes voters are not as stupid as you would like them to appear.
More...

Amazing how that one word makes the sentence different isn't it? I have an associate who constantly reminds me how many folks interpret things into situations. His posture is that our interest in maximizing every nickle has driven us to new arenas for acceptable investment returns.

There are many folks who have to make things impossible. I just called an associate of mine who considers himself an astute stock investor and posed a question. I asked if he were investing $50,000 into something and it only made $250 net five days a week religiously for a year would he be happy?

He said he'd have the thief put underneath the jail. His statement was more like, "All the fool managing the money could return to me was $250 with $50,000 to work with? $250 is no money! I'd have him locked up in a New York second!" He then took ten minutes explaining to me how $250 wouldn't even begin to cover his mortgage note. He then explained to me how "compound" returns work. Sound familiar?

I called another associate who said; a) $250 doesn't sound like much to make for that kind of investment capital, and b) I wouldn't put it all the cash in one place. Sort of telling testimonies. :)
 
Quote from hans37:

sure it's possible just ask the traders at enron.
More...

I can easily make 2500$ profit on a 1000$ investment. This is 250% net a year as mentioned in this thread.

Any bets (higher than 10000 $) are accepted.

Any volunteers?
 
Ed Seykota (A system trader)

"For example, as of mid-1988, one of his customer accounts, which started with $5,000 in 1972, was up over 250,000 percent on a cash-on-cash basis. (Normalized for withdrawals, the account theoretically was up several million percent.)"

--- P. 151, Market Wizards (Jack Schwager)
 
Quote from spike500:

I can easily make 2500$ profit on a 1000$ investment. This is 250% net a year as mentioned in this thread.

Any bets (higher than 10000 $) are accepted.

Any volunteers?
More...

The complete silence says more then all the previous postings together.
Those who say it is possible are able to do so, or know that it can be done.

Those who say it cannot be done have problems with their ego. They tell themselves it is impossible because the reality is too hard. Reality would prove that they are lousy traders. So, in a natural reaction, they try to blame someone or something else instead of admitting that THEY are the problem themselves.
It is never pleasant to be confronted with the fact that others are successful while you are NOT.

Compare it to your friends who can get any girl, while no girl is interested in you. Emotionally very difficult to digest.
 
Quote from OddTrader:

Ed Seykota (A system trader)

"For example, as of mid-1988, one of his customer accounts, which started with $5,000 in 1972, was up over 250,000 percent on a cash-on-cash basis. (Normalized for withdrawals, the account theoretically was up several million percent.)"

--- P. 151, Market Wizards (Jack Schwager)
More...

Obviously a great return, but we have no idea if it meets the criteria established in the poll. Was the return "consistent" on a daily basis, and did Seykota never have a down week during this 16 year period?
 
Quote from jordanf:

Obviously a great return, but we have no idea if it meets the criteria established in the poll. Was the return "consistent" on a daily basis, and did Seykota never have a down week during this 16 year period?
More...

Which traders practically would really care much how many down weeks in 16 years? LOL. :D
 
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