$5000 day, Is that what you would consider a good day?

Would you celebrate a $5000 day trading?

  • Yes, a 5 bagger is a huge day!

    Votes: 76 53.1%

  • No, a 5 bagger is just an average good day

    Votes: 24 16.8%

  • No, a 5 bagger is nothing at all

    Votes: 19 13.3%

  • Yes, a 5 bagger is enough to celebrate about!

    Votes: 24 16.8%
  • Total voters
    143
drop a zero from that and then 1/10th of the result, is big for me...I'm married with coupons :)

ThinkingMuchTooSmallSavant


Quote from Champion:

$5000, Is that what you would consider a good day? No, thats what I would consider a good night out.
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A good trading will be reaching my profit target, knowing that will add up positively to my record once I pull out my monthly P/L report hoping more wins than loses.

I have a fixed profit target, but is based on market conditions(volatility). I look for a fixed target rather than capture large swings. It works for me.

I don't measure things based on $$$ but I go by what the market is dictating.

I believe volatility is king.

Sometimes you can shoot for more, sometimes you have to lower your profit range, therefore adjust your risk.. at the end of the period (monthly, quarterly, annually ,etc) it all comes down to profit and loss. On that particular case, consistency will definitely make me happy.

5k a day is possible, depending of course on your cap and what market you're trading. Mind you that markets lose steam occasionally and if you don't keep an eye on that and act accordingly, you might get caught in the middle of a fire. Here's when the predator becomes the prey.
 
you dont trade for the $ number,you take what the mrkt gives you,the es traded 57.75-55.5 for 4 hrs on friday,2 pt range is tough to find setups ,if its not there its not worth the risk,i think we all like to brag once in a while, the people on this thead are the only ones that you can talk to that understand trading,so kudos on your 5k day but don't shoot for $$$,just take advantage of the opportunities when they pop up, as your acct grows so does your size for a while til you get uncomfortable with the huge swings and you'll cut your size back
 
Yeah, love all the boasting threads that go on here.

I've always had a pretty good rule to spot the best traders, and more importantly the ones who normally always stayed in business the longest.

They were always the ones that NEVER talked about money, how much they made/lost etc.
 
LOL. I voted No and was pleased to find myself in a smallest group of traders in this poll. For a consistent winner to have just one big win is not a big deal. For a consistent looser it's a big day, a reason to celebrate.
 
If you have to ask, yes, you've lost touch with reality. Not to worry, the inevitable drawdown is lurking and will bitch slap you back to reality.
 
I hope that the close to 30% who have voted for "No" so far voted that way because they think that you shouldn't celebrate a good day, not because they really think $5K is either "nothing at all" or "just an average good day". While I believe you shouldn't be celebrating a good day, I also believe $5K is a very good day of trading.
 
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