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2% per day!
- Thread starter TradStSOX
- Start date
Day 14, 04/01/08
+$446.70 Bal. at $20,014.80
this brings the blotter current and todate.
For the 14 trading days, the account is up $2,014.8 or %11.20 that averages to 0.8% per trading day(22 trading days = 1 calendar month). Behind the average goal but no worries, since I am not compounding, if I don't blow the account, catching up will be easy.
p.s.
the vote stands at +63%/-37%(+147/-87), I just can't understand, why so many persons think it is possible to average 2% per day on a 20k account!!!!
+$446.70 Bal. at $20,014.80
this brings the blotter current and todate.
For the 14 trading days, the account is up $2,014.8 or %11.20 that averages to 0.8% per trading day(22 trading days = 1 calendar month). Behind the average goal but no worries, since I am not compounding, if I don't blow the account, catching up will be easy.
p.s.
the vote stands at +63%/-37%(+147/-87), I just can't understand, why so many persons think it is possible to average 2% per day on a 20k account!!!!
Attachments
I think you've proven that on any given day, 2% is possible, but also that to average it, even with no slippage due to small numbers, isn't going to be easy.
I think you'd be better off going for a 1% average on a $100,000 account. At least you could live off the profits if you succeed.
BTW, you're doing a lot better than I would have expected.
I think you'd be better off going for a 1% average on a $100,000 account. At least you could live off the profits if you succeed.
BTW, you're doing a lot better than I would have expected.
I agree 100% with your comments below. In fact this is a pilot project to convince myself that I could average 2% per day on a smaller account to then gor for even say .05 to 1.0% per day on a 400k account, which as you have pointed will suffice for a comfortable life.
Although I would not be convinced to invest those amounts before I could do this first. For example that big loss worries me and I'd like to see itnot happen again in the next few weeks...
Although I would not be convinced to invest those amounts before I could do this first. For example that big loss worries me and I'd like to see itnot happen again in the next few weeks...
Quote from thriftybob:
I think you've proven that on any given day, 2% is possible, but also that to average it, even with no slippage due to small numbers, isn't going to be easy.
I think you'd be better off going for a 1% average on a $100,000 account. At least you could live off the profits if you succeed.
BTW, you're doing a lot better than I would have expected.
Yeah, that's a good way to go about it, I think.
Don't forget to take some of the profits off the table so if things ever stop working, you have yourself set for life already, anyway. It will give you a lot more confidence trading when you know its not required to survive comfortably.
Don't forget to take some of the profits off the table so if things ever stop working, you have yourself set for life already, anyway. It will give you a lot more confidence trading when you know its not required to survive comfortably.
Day 15, 04/02/08
Interesting, yesterday also ES closed at 1370! The resistance I had mentioned was as strong as I had said it would be.
Well, here is a perfect example of why a single Xover Stop Loss does not work...price has yo yo'ed around it like a 10 year old!
Interesting, yesterday also ES closed at 1370! The resistance I had mentioned was as strong as I had said it would be.
Well, here is a perfect example of why a single Xover Stop Loss does not work...price has yo yo'ed around it like a 10 year old!
Attachments
Yes, I do expect to be able to do this at least for 3 months. I need to make sure I have gained enough discipline to avoid impatience, greed and follow rules.
Quote from aidaweb01:
Another interesting day trading journal. I have voted YES to 2% per day.
Question for TradStSOX - when you started the thread/poll, what were your expectations - did you think that averaging 2% per day over a 3 month period was realistic?