1% profit per day

lojze · Aug 5, 2002

Somewhere I have read, that 1% profit per day is TOO optimistic and in reality NOT POSSIBLE.

Do you, real pro's, agree with this?

Lojze

JS11374 · Aug 5, 2002

1% a day not compounding is 365% a year, and 3,778% compounding. Think about it.

marketsurfer · Aug 5, 2002

it depends on your account size.

best,

surf

dotslashfuture · Aug 5, 2002

its theoretically possible, just like its theoretically possible to win the lottery.

William · Aug 5, 2002

Originally posted by JS11374
1% a day not compounding is 365%

Unless you trade a market that is only open m-f. Like stocks

bora · Aug 5, 2002

i don't think there are 365 trading days in a year. Maybe 250...but anyway 250% a year is a lot!

stock777 · Aug 5, 2002

Sure its possible, as long as your account size isnt TOO BIG (under a million sounds about right) and you are a great trader.

Note I said great, not good.

Atlantic · Aug 5, 2002

Originally posted by lojze
Somewhere I have read, that 1% profit per day is TOO optimistic and in reality NOT POSSIBLE.

Do you, real pro's, agree with this?

Lojze

you may trade 1 mini contract with $2,000 - or with $10,000 if you are conservative.

how to calculate a %-return then? senseless.

daniel_m · Aug 5, 2002

Originally posted by lojze
Somewhere I have read, that 1% profit per day is TOO optimistic and in reality NOT POSSIBLE.

Do you, real pro's, agree with this?

Lojze

Get your calculator, plug in some numbers and then THINK!

Gordon Gekko · Aug 5, 2002

Originally posted by bora
i don't think there are 365 trading days in a year. Maybe 250...but anyway 250% a year is a lot!

if there were 250 trading days, it would be more than 250% per year because of compounding.