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 canyonman00:

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:
More...


I so totally, completely do not believe you.
You will never, ever regain any credibilty with me.
Your story is totally ridiculous.

I can't believe that you are not chased off this board...
But then it's full of people who think thay can "beat the market" using high school math.

That's why I respect 2+2 Forums...
Guys like you don't last 5 minutes on that board.

rm+

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

...I can't believe that you are not chased off this board...
But then it's full of people who think thay can "beat the market" using high school math.
More...
Two things. First, I don't really know anything about horse racing so I have no opinions about it either way. The proposed numbers certainly sound extraordinary, but what do I know (or care)?

Second, I don't think that trading is necessarily about the mathematics (although I admit to resorting to arithmetic with frequent regularity). If it were necessarily about the math, then I would imagine that economists would be richer in far greater proportion than they presently are, since they use very sophisticated math in their econometric modelling. I am not suggesting that no successful method of trading is mathematically intensive. Rather, I am merely suggesting that not all profitable trading methods necessarily have to be.
 
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.
:)
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Yes,
daily average above 1% a day, no down weeks.
 
Quote from spike500:

Yes,
daily average above 1% a day, no down weeks.
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Well, I don't quite know what to say. I don't know you and I find your claim quite incredible. Perhaps I am merely projecting my own limitations. Either way, my bias affects neither me nor you, so I wish you well.

As an aside, you may want to give that compounding thing some serious consideration.
:D
 
Quote from RedManPlus:

I so totally, completely do not believe you.
You will never, ever regain any credibilty with me.
Your story is totally ridiculous.

I can't believe that you are not chased off this board...
But then it's full of people who think thay can "beat the market" using high school math.

That's why I respect 2+2 Forums...
Guys like you don't last 5 minutes on that board.

rm+

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

I'm sorry you feel that way. But this is no rocket science. It's just wait for THE right race, conditions, and then wager properly. Play it for the correct amount of capital. I hedge wager on one or two horses in a race, I get my return, and I leave.

It's nothing overly difficult if you stay simple. You didn't hear a claim of 100% winners nor any special insight. Just simple logic. Out of some 60 to 70 races a day I can usually find one or two that allow me an advantage against the ret of the bettors. Then I take advantage.

Attached hereto are the two races that I went to play today and the horses of interest. The hedge amounts are $95/$105 and $110/$90. Nothing major. I could care less if you don't give me credibility. I'm not here for your approval. The race results for the day are easily verifiable also.

This was not difficult. I have no magic bullet. And $500 is not hard or major based on the amounts of money wagered at the track each day. I am not a novice to horse racing either. It took years for me to be able to identify the factors that I like to use.

Further, I never claimed to beat the market. And against someone like you at the track, all that would be required IS simple math. :)
 
Quote from Thunderdog:

Well, I don't quite know what to say. I don't know you and I find your claim quite incredible. Perhaps I am merely projecting my own limitations. Either way, my bias affects neither me nor you, so I wish you well.

As an aside, you may want to give that compounding thing some serious consideration.
:D
More...

on stocks it is very much duable; and I mean returns on full contract value.
 
1 ES point gives you % 10 daily profit with $ 500 margin.
If you have $ 5000 account ,its so easy to make % 1 daily basis ,with scalping ES.
And yes,consistently...
After you made first $ 5000 ( takes 5-6 months with 1 es point/day) you can start trading 2 contracts.
every $5000 gives you another contract. when you are able to trade 4 contracts with $ 20000,you're almost retired.($4000/month)
And it takes only a year to reach $ 20000 with 1 pt/day.
 
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