$500+ a day trading index futures, possible?
- Thread starter AHGChat
- Start date
LOL!
It is just to easy to spot and retort to the undisciplined and naive amongst the Elites.
Trade On!
Quote from tiddlywinks:
LOL!
It is just to easy to spot and retort to the undisciplined and naive amongst the Elites.
Trade On!
That's the beauty of trading : the people's psychology are so crystal clear to others. And become clear to the people when trading actually start teaching the lesson(s).
As someone says, always advise/encourage/motivate people you have issues with to get into trading...
The question is meaningless without specifying an account size. For the average retail account size, the answer is no.
$500 a day is a little over $100,000 a year. On a $500,000 account, that is a respectable 20% return. Few hedge funds, commodity pools or RIA's can average that over any meaningful period of time.
Of course, the average ET poster would sneer at a 20% return. They would expect that it is realistic to clear $500 a day with a $50,000 account, probably even smaller. Good luck with that.
That's great. $300 a day is over $60,000 a year, or a 240% annual return. I guess you're better than Paul Tudor Jones or Buzzy Schwartz. Stevie Cohen wants to meet you. LOL, only kidding, don't take it personally.
Why does this rediculous comparison alway pop up all over the place? This is a foolish argument.
A large entity with large sums of money simply won't take the same degree of risk with their million/billions as an individual does with their thousands. They can't. They aren't allowed to.
I'm sorry, but you're making an apples/oranges comparison argument and you really need to rethink this.
If you're shooting for 10% to 20% on your thousands, you're wasting your time. Hand your money over to a professional, and go get a real job. Otherwise, if you have enough thousands, retire and enjoy your life, but don't spend hours and hours and hours in front of the computer trading your life away.
