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 .
Quote from spike500:

I don't publish any returns anymore, i've been bashed too many times.

But in 2004 i posted 3 days of realtime trading (on another website). I made net approx 48% return. 75% profitable trades, which was less than my long term average.
More...
Again, that certainly sounds impressive. But it does not answer the question I asked. Specifically, did you consistently generate an average 1% daily return (or better) over the several-year-period during which you say that you did not have any down weeks? I don't need specific numbers. A yes or no will do.
:)
 
Hey Thunderdog, I think it is rare for people to admit that they have had a down day or week publicly on these boards,

I'll be the first to say my first years of trading were overall DOWN.

But that's what makes you appreciate the positive.

Stacy
 
Stacy,

I agree completely. But if we speak of either superior returns or no down weeks over any length of time, then we need to put them into perspective.
 
Quote from Thunderdog:

Again, that certainly sounds impressive. But it does not answer the question I asked. Specifically, did you consistently generate an average 1% daily return (or better) over the several-year-period during which you say that you did not have any down weeks? I don't need specific numbers. A yes or no will do.
:)
More...

Yes, but I didn't do it trading. I do it daily now using $50,000 as working capital. I generally make approximately $500 every day. Last year in 250 days I had 17 down days. and 15 days where I did what I call break even. That's no profit or loss for the day. But I didn't do it in the trade of stocks. I play the ponies. And I have done this for approximately 4.5 years as of today.

I was monitored (and critiqued) for two consecutive six-month terms and easily made the daily quota. Most of the criticism came from those who stated how much cash I was leaving on the table or, the fact that I was not spreading the wealth. :cool:
 
Quote from Thunderdog:

Seriously? No horsing around?
More...

Seriously! I was challenged by serveral friends and associates to prove that this was a doable thing. I am my group of associates nerd of ~ research stuff! I'm the guy they call when they can't come up with conventional solutions but need something done.

It took me about 2.5 hours five days a week. Nothing more than capital discipline and sound selection logic. I even created software and made the whole process mechanical. Also on a dare of a close associate!

I have taken several very close friends with me on occassion to the local OTB for a day of fun! I'll be leaving for the parlor shortly too! So this is not a speculation solution thing where I am concerned. :)
 
You must log in or register to reply here.
Back
Top