$286 left

jl1575 said:
That is an impressive 25% gain in one day.
Here is an intriguing scenario:
Look at it in this way, if you have a 1K account, and trade in the way you did today, and let say, to gain 25% one week (not one day), just pick a day with strong trend, not trade every day, then after 8 months (compound only every month), your $1000 grows into a million. Is it possible? probably if you can trade with huge discipline.
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Correction: the compounding was calculated by weekly for the above model; if compounding by monthly, it would take 10 months to reach 1 million. Still remarkable.

In brief, this kind of performance would need 3 major factors:

1) ability to identify correct trading window and pinpoint proper entry and exit signals;
2) market availability: some day market offers more opportunity than the other, wisely accept it and act accordingly;
3) mental control and discipline.
 
jl1575 said:
Correction: the compounding was calculated by weekly for the above model; if compounding by monthly, it would take 10 months to reach 1 million. Still remarkable.

In brief, this kind of performance would need 3 major factors:

1) ability to identify the trading opportunity and pinpoint the correct entry and exit signals;
2) market availability: some day market offers more opportunity than the other, wisely accept it and act accordingly;
3) mental control and discipline.
More...

The problem is you can’t extrapolate a daily performance over 10 months. This only would be astonishing.

I believe @hurricane_sh is over betting.
So just the performance of not blowing up over 200 days would be a great start.
 
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Sekiyo said:
The problem is you can’t extrapolate a daily performance over 200 days. This only would be astonishing.
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Not daily performance of 200 days of trading, but a total of 40 events (4 week X 10 month). 25% for one week, if counted as one event, meaning that you manage to get 25% for a whole week. Or in the latter model, it is only 10 events (10 month) meaning that gaining 100% per month, no matter how you do it.

It is only a model and in reality it is extremely hard to achieve, of course.
 
jl1575 said:
Not daily performance of 200 days of trading, but a total of 40 events (4 week X 10 month). 25% for one week, if counted as one event, meaning that you manage to get 25% for a whole week. Or in the latter model, it is only 10 events (10 month) meaning that gaining 100% per month, no matter how you do it.

It is only a model and in reality it is extremely hard to achieve, of course.
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IN other words, lets say, if you have $1000, and it takes 31 steps to reach a million (25% per step and compound every step); and depending on market availability (presume you have the ability and discipline), sometime it takes a day to complete one step, but sometime it takes one week to complete it, or two weeks, or a month; and sometime you can take a break from the journey but return when you feel ready; then at the end of 31 steps, you accomplish your goal of one million profit.

Right now on ET there is a guy posting honest daily journal doing 2% gain average every day and he has accomplished it so far and keeps going strong; he started with $2000, and by rough calculation, he just finished his 6th steps out of 28 steps (28 step to one million with starting point of $2000) related to the calculation in above model.
 
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jl1575 said:
Not compounding? If you have $1000, you can buy only 3 share of SPY, when you have $100,000, you still buy 3 shares, not 300?
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My comment is about the topic overall and not any particular post.

But still, trading (not investing) is all about consistency not compounding.
 
trader99 said:
Now that i can make low 4 figures days. I'm still waiting for my 5 figure days.

Even if I don't make 5 figure days yet, I still eagerly waiting for 6 figures months. It's coming... Hopefully in a year or so.. :)

Until then, I feel like i'm UNDERPERFORMING! There are traders I know making 5 figures days regularly. And one trader just made 6 figures THIS WEEK! What's impressive was that it wasn't one big gamble trade with super huge size. He was green every single day this week and each day up 5 figures consistently.
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Sure you're not there already and that it's merely a matter of growing your account (instead of withdrawing)...?

Or are these 5 figure traders making that return on a similar capital base as you?

You're only scalping equities by the way? Not futures?

Nice job. :)
 
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