Annual PnL statement 2017 - Winner will be awarded a prize!

[comagnum]

The tone of this request sounds rather bossy, manipulative, domineering, & self centered. There are enough published studies on 'active traders' out there so as not to need to strong arm traders on a forum to prove themselves by sending our broker statements to you. Sounds like your data/subscriber farming to me.

The few that are interested in making trading/investing a life long business seem to stay around long enough to reap some rewards over those only out for the big quick/easy $. It always takes a lot longer and eats up a lot more capital in costly mistakes than new traders could have ever imagined before rounding the typical 5-10 year learning curve. Newer traders often have no lack of confidence combined with wild expectations in a game full of many losers and few winners - that is just the harsh reality of trading for a living as a sole source of income.

 

[rallymode]

There is some value in knowing that something can be done, I guess.

If merely seeing proof of success is what makes or breaks someone's commitment to this endeavor, they probably lack the drive and initiative to achieve said success, much less maintain it. Hence, the better use of both parties' time.

 

[rin4et]

Well the way I see it is trading is not entirely complex in strategy but it does take a lot of time, effort and discipline. In terms of level of effort I would compare it to learning to play the piano. Now we all have someone in our family / friend circle that knows how to play the piano but why isn't successful day trading that common?
Also as @lawrence-lugar posted earlier in this thread 200k is not a lot which is true. If you make 3% a week you should be able to make more than 100k a year with a decent starting capital.
How hard is it to make 3% a week? That is 1% three times a week. That means you don't even have to trade everyday.
I understand for a newbie it might be difficult to make 3% a week but for someone with let's say 2 yrs of practice it should not be difficult.
Now I don't know how many members are on this forum but let's say there are 500 people who have been doing this for atleast 2 years that are part of this forum.
Out of those 500 let's say there are 100 that are successful that is making 100 to 200k a year. Out of those 100 let's say there are 10 that are willing to show me proof. However, I have not even received one.

 

[comagnum]

How hard is it to make 3% a week?

156% ROR is off the charts. Trading like that your a lot more likely to lose 3% a week or more. Keep in mind the best of the best of all times trading derivatives have a sustained ROR over 40%, for pure stock traders it's about 25%.

The general rule among many old timer futures traders is you need at least 4 times the trading capital of what your aim is to make. Even than you will have to make 25% ROR which is no walk in the park. You mentioned $200k - that means you would need $800k to even have sound risk mgmt & a mathematical chance of succeeding

Sure - some retail traders may have large returns early on, they will also have very large draw downs and will eventually go bust trading that aggressively.

A new trader is a lot better off focusing on the long game - being willing to be under water or treading water for years at a time while learning before reaping the rewards is much more realistic.

The saying in trading "making easy $ in the market is the hardest easy $ you will ever make".

 

[rin4et]

How hard is it to make 3% a week?

156% ROR is off the charts. Trading like that your a lot more likely to lose 3% a week or more. Keep in mind the best of the best of all times trading derivatives have a sustained ROR over 40%, for pure stock traders it's about 25%.

The general rule among many old timer futures traders is you need at least 4 times the trading capital of what your aim is to make. Even than you will have to make 25% ROR which is no walk in the park. You mentioned $200k - that means you would need $800k to even have sound risk mgmt & a mathematical chance of succeeding

Sure - some retail traders may have large returns early on, they will also have very large draw downs and will eventually go bust trading that aggressively.

A new trader is a lot better off focusing on the long game - being willing to be under water or treading water for years at a time while learning before reaping the rewards is much more realistic.

The saying in trading "making easy $ in the market is the hardest easy $ you will ever make".

Please you seriously don't know what you are talking about. I think you are comparing yourself to hedgefunds that manage hundreds of millions.
For a small retail trader with a position size of less than 100k it should not be difficult to make 3% a week.
Just in the past 2 weeks ROKU went up 50% for several days, RIOT, SQ went up double digits % and these are just the popular names. There were several non popular names that went up > 60% and are you telling me if is difficult to catch 1% out of a 50% move?
If you cannot catch 1% out of a 50% move intraday then you have no business being in the markets. And I say that politely.
Forget 50%, a person who calls himself a trader should be able to catch 1% out of a 20% move intraday. And we have several of those in a week.

 

[Overnight]

Please you seriously don't know what you are talking about...

I'd like to point out to you something you typed in the very first post...

"I understand it can be photoshopped but something is better than nothing."

No, in this case, since anything anyone posts might bear the slightest semblance of being real and proves you wrong about how nobody on ET makes money, with you understanding it can be photo-shopped and thus not believing it in the first place, means that nothing is better than something.

 

[vanzandt]

Please you seriously don't know what you are talking about. I think you are comparing yourself to hedgefunds that manage hundreds of millions.
For a small retail trader with a position size of less than 100k it should not be difficult to make 3% a week.
Just in the past 2 weeks ROKU went up 50% for several days, RIOT, SQ went up double digits % and these are just the popular names. There were several non popular names that went up > 60% and are you telling me if is difficult to catch 1% out of a 50% move?
If you cannot catch 1% out of a 50% move intraday then you have no business being in the markets. And I say that politely.
Forget 50%, a person who calls himself a trader should be able to catch 1% out of a 20% move intraday. And we have several of those in a week.

Well, in all honesty, it sounds easier than it is. Say you have 50K and you have 4 to 1 buying power... 200K right.

Now lets look at RIOT today... you see its going up and at 9:45 you buy 5000 shares at $21.65 , risking 105K... it makes it all the way to 21.83 and then reverses hard. You catch your breath and hold on. In a blink of an eye its at $18.80.... and your down almost $15,000. What do you do? Because you know that stocks like this can keep going down. So you either sell... or pray. In this case, it went back up... but the point is you never know what a stock is going to do. ESPECIALLY the high flyers like ROKU, SQ, and RIOT.

I'm not trying to be discouraging, but you should listen to folks that have been there for years and years. Like Comagnum and like myself... and several others. Its not easy kiddo. It sounds easy, but its not easy. I would not lie to ya. I have 1000's of hours of screen-time and thousands of losing trades that should have been "easy". I say go for it though. You're young and losses can always be made up in the future. If you were 65 and playing with your life savings I would scream... "don't do it". But what the hell... give it a chance. It can be done. And you're probably smarter than me.

 

[rin4et]

Well, in all honesty, it sounds easier than it is. Say you have 50K and you have 4 to 1 buying power... 200K right.

Now lets look at RIOT today... you see its going up and at 9:45 you buy 5000 shares at $21.65 , risking 105K... it makes it all the way to 21.83 and then reverses hard. You catch your breath and hold on. In a blink of an eye its at $18.80.... and your down almost $15,000. What do you do? Because you know that stocks like this can keep going down. So you either sell... or pray. In this case, it went back up... but the point is you never know what a stock is going to do. ESPECIALLY the high flyers like ROKU, SQ, and RIOT.

I'm not trying to be discouraging, but you should listen to folks that have been there for years and years. Like Comagnum and like myself... and several others. Its not easy kiddo. It sounds easy, but its not easy. I would not lie to ya. I have 1000's of hours of screen-time and thousands of losing trades that should have been "easy". I say go for it though. You're young and losses can always be made up in the future. If you were 65 and playing with your life savings I would scream... "don't do it". But what the hell... give it a chance. It can be done. And you're probably smarter than me.

What in the world are you talking about? I never said anything about using leverage or margin. I am talking about using a position size of say 20k.
For example MARA today went up 172%. How hard is it to catch 1% out of that move? And if you bought RIOT at 9:45 am today I am sorry to say with all due respect you have no business calling yourself a trader. No decent trader would have bought it at that entry or would consider that a good entry.
And I still stick to my original statement, if you can't catch 1% out of a 20% move intraday, you have no business being in the market. You might as well roll up your strategy and throw it in the trash because if it can't get you 1% out of a 20% move intraday then it is worthless.
Anyway I am not wasting my time arguing with such drivel. Goodbye!

 

[vanzandt]

What in the world are you talking about? I never said anything about using leverage or margin. I am talking about using a position size of say 20k.
And I still stick to my original statement, if you can't catch 1% out of a 20% move intraday, you have no business being in the market. You might as well roll up your strategy and throw it in the trash because if it can't get you 1% out of a 20% move intraday then it is worthless.
Anyway I am not wasting my time arguing with such drivel. Goodbye!

Well OK. I was just trying to help lol.
You are 100% right. Using 20K and no leverage makes it a completely different game. Catching 1% with 20K is exactly 5 times easier than doing it with 100K. I don't know what I was thinking.

 

[themickey]

.....Anyway I am not wasting my time arguing with such drivel. Goodbye!

"Please you seriously don't know what you are talking about".