A Daytrading Plan (financials only)

earth_imperator said:
Of course the Holy Grail every trader tries to find.
In my world-view time-travel and looking into the future is impossible, so it's not an easy task to predict the future.

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A trader doesn't need to have a crystal ball Holy Grail to get really rich in the market....they just need a semi-crystal ball, along with some common sense of maximizing wins, and cutting losses. and let nature just happen and grow an account.
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I would personally argue I have a crystal ball, at least compared to a lot of other general traders and their performances,
In a daily/intraday S&P trading competition, I'm one of the bests,

Anyone can be a Great...it's all about understanding the variables and elements of the game, of the trade, and reasonably executing that trade,
The problem is....there are so many truly dumbphuck gamblers out there who dilude themselves they can magically win,
 
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MacBookProHo said:
A trader can truly make as much as they want from the market, but that's assuming, of course, they have excellent understanding and timing of the trade.
But knowing the future...is the billion dollar question everyone wishes to know,
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MacBookProHo said:
A trader doesn't need to have a crystal ball Holy Grail to get really rich in the market....they just need a semi-crystal ball, along with some common sense of maximizing wins, and cutting losses. and let nature just happen and grow an account.

I would personally argue I have a crystal ball, at least compared to a lot of other general traders and their performances,
In a daily/intraday S&P trading competition, I'm one of the bests,

Anyone can be a Great...it's all about understanding the variables and elements of the game, of the trade, and reasonably executing that trade,
The problem is....there are so many truly dumbphuck gamblers out there who dilude themselves they can magically win,
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Ok, @MacBookProHo, you win. What is your edge/method? Which markets do you trade and which trading vehicles do you use? How much is your performance? Is it manual research & trading, or program trading? Is the said trading competition online?
So I need to get rich quick. What do you suggest I should do? TIA :)
 
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MacBookProHo said:
A trader doesn't need to have a crystal ball Holy Grail to get really rich in the market....they just need a semi-crystal ball, along with some common sense of maximizing wins, and cutting losses. and let nature just happen and grow an account.

I would personally argue I have a crystal ball, at least compared to a lot of other general traders and their performances,
In a daily/intraday S&P trading competition, I'm one of the bests,

Anyone can be a Great...it's all about understanding the variables and elements of the game, of the trade, and reasonably executing that trade,
The problem is....there are so many truly dumbphuck gamblers out there who dilude themselves they can magically win,
More...

You're really just repeating the same post over and over again, so maybe just put it in your signature and stop posting.

If you're one of the best intraday traders of the S&P - what are your daily numbers?

I don't expect you to post any proof, but at least give us an indication of your claims.

I would be very curious to know what the best can extract consistently from ES or similar on a daily basis.
 
earth_imperator said:
What is your edge/method?
Which markets do you trade and which trading vehicles do you use?
How much is your performance?
Is it manual research & trading, or program trading?
Is the said trading competition online?
So I need to get rich quick. What do you suggest I should do? :)
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Don't expect me to give you anything concrete and actionable, this is afterall my discovery process.
S&P. You have to trade options, if you want that truly magnified move, leverage.
Performance is significant.
The best traders and trades without a doubt have to be manual, intuitive. No automated, small, silly fixed scalping formulas.
There is no competition for options. The only trading competition happens to only apply to Stock, Futures, and Currencies.
If you want to get rich quick....you need to know the future, and be able to trade it accordingly in an aggressive, bold, manner.
 
Laissez Faire said:
You're really just repeating the same post over and over again, so maybe just put it in your signature and stop posting.

If you're one of the best intraday traders of the S&P - what are your daily numbers?
I don't expect you to post any proof, but at least give us an indication of your claims.

I would be very curious to know what the best can extract consistently from ES or similar on a daily basis.
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What do you want me to say, expect me to say,.....this is exactly what I do, and here is the explicit process....now you will make a million in a month and live happily ever after.
Supposing it works, now you have thousands of random clown jackoffs online talking about it, doing it, and selling the process all across social media.

The very best private, retail, traders in the world....should be able to pull in six figure days, or cross the million per day mark. This is the S&P, ES, broad market....not some penny, small cap, stock. There is plenty of room to splash around in liquidity, combined with options.
 
MacBookProHo said:
The very best private, retail, traders in the world....should be able to pull in six figure days, or cross the million per day mark. This is the S&P, ES, broad market....not some penny, small cap, stock. There is plenty of room to splash around in liquidity, combined with options.
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Six figure days is meaningless without knowing your bankroll. A % number or % of daily range is more meaningful.
 
Laissez Faire said:
Six figure days is meaningless without knowing your bankroll. A % number or % of daily range is more meaningful.
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Well, obviously you can't bank $200,000 a day with a $9,000 account. To get to the whale status you will need to be somewhat, relatively, big. And place those much larger market bets.

But the numbers are all completely meaningless, though. A trader should purely focus on having the refined ability to trade. And everything else will follow and come.
Like I said earlier, the Holy Grail is knowing, knowing the future. If a trader knows the future of the S&P daily, and can trade it, he has reached a divine level of existence.
The key with options, is that it's not necessarily a fixed 1:1 bet wager that you would get with stock or futures. With proper timing...that ratio can expand to the reward side.
 
@MacBookProHo, just say how much your rolling annual performance in percent is, no need to know your exact account size, though this matters too! So also tell us at least the number of digits your trading capital has. Ie. 6 digit, 7 digit? or more?
Rationale for this last question is: with a bigger acct other (better) trade possibilities can be made than with a small $10k acct, obviously IMO.
 
earth_imperator said:
with a bigger acct other (better) trade possibilities can be made than with a small $10k acct, obviously IMO.
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Past certain size it's the opposite. Eg. 100k account is better to trade stocks than 1mil. Less market impact > slippage cost on getting in/out. This is one of the big reasons why 7-figure accounts rarely see more than 20% gains annual consistently.
 
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