Annual PnL statement 2017 - Winner will be awarded a prize!
- Thread starter rin4et
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New school leaver who was in long queu to get a job at maccas flipping burgers.
"Hey boss, show me your books, profits, loss, outgoing expenses, I was thinking for 12 months but better make that 10 years cause 12 months is not a good indication".
Says maccas boss, "Mate do you wanna join us or what?...."
Moral: Prove to yourself you want to do it, never mind the others. Trading is a journey not a destination.
Do you wanna travel, the alternative is go sit on sofa, lot less hassle.
"Hey boss, show me your books, profits, loss, outgoing expenses, I was thinking for 12 months but better make that 10 years cause 12 months is not a good indication".
Says maccas boss, "Mate do you wanna join us or what?...."
Moral: Prove to yourself you want to do it, never mind the others. Trading is a journey not a destination.
Do you wanna travel, the alternative is go sit on sofa, lot less hassle.
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To make 3% every week is an exceptional return. To make 15% (taking the midpoint of your 10-20% range) every week is an immortal return. These are the figures you are suggesting, for one year, for a trader with $50k.
Trading doesn't work that way. You can't compound to infinity. It caps after a certain amount for obvious reasons.
No, of course it doesn’t make sense. It was to show why those numbers are unrealistic.
A 3% return every week is also unrealistic. It’s unrealistic because it assumes the trader makes 1% every single day. Let’s assume no system/strategy has a 100% win rate, so take 80%. Monday he loses 1%, Tuesday makes 1% taking him back to flat, then makes 1% each day on Wednesday, Thursday and Friday. That turns $50k into $232k, giving a yearly return of 365%. Those numbers are not likely, not because of market limitations, but because of idea generation and risk management.
Most people/funds in this industry would be happy to make 0.5% a week. That’s an extremely healthy 30% yearly return.
A 3% return every week is also unrealistic. It’s unrealistic because it assumes the trader makes 1% every single day. Let’s assume no system/strategy has a 100% win rate, so take 80%. Monday he loses 1%, Tuesday makes 1% taking him back to flat, then makes 1% each day on Wednesday, Thursday and Friday. That turns $50k into $232k, giving a yearly return of 365%. Those numbers are not likely, not because of market limitations, but because of idea generation and risk management.
Most people/funds in this industry would be happy to make 0.5% a week. That’s an extremely healthy 30% yearly return.
Ok it is exhausting to debate with you guys. Your spreadsheet above should work perfectly fine until about 500k when liquidity issues come into play. That is I should be able to make 3% a week until I reach about 500k. That is why I said you can't go up until infinity.
Anyway it is futile arguing at this point. I will come back in a year and tell yall how I am doing with proof! I need to focus on trading instead of responding to posts here.
To make 3% a week you would probably need the following;
Trade automated/semi-automated
Trade speculative stocks
Have a very good data supplier and computer system and software
Know how to program algos obviously
Be doing this full time with experience under your belt.
Be well capitilized
Be very aggressive in entering and exiting, trading by the system, not allowing emotions overrule. (aggressive = not hesitating and hitting positions with good size)
Trade automated/semi-automated
Trade speculative stocks
Have a very good data supplier and computer system and software
Know how to program algos obviously
Be doing this full time with experience under your belt.
Be well capitilized
Be very aggressive in entering and exiting, trading by the system, not allowing emotions overrule. (aggressive = not hesitating and hitting positions with good size)
Your reaction shows that you are rather cleaning offices then trading.
It is not about being woman or not. It is about the fact that people who really make money (like these scientist) never brag about it. Only low educated people try to pump up their low self esteem by bragging how much they earn cleaning office.
The same happens on ET. The real traders don't post performance, only the newbies or wannebees do.
Why does it need to be automated and why does it need to be well capitalized. This is what 3% a week starting with 10k will look like after 52 weeks. Not bad for a 1st year.
10,000
10,300
10,609
10,927
11,255
11,593
11,941
12,299
12,668
13,048
13,439
13,842
14,258
14,685
15,126
15,580
16,047
16,528
17,024
17,535
18,061
18,603
19,161
19,736
20,328
20,938
21,566
22,213
22,879
23,566
24,273
25,001
25,751
26,523
27,319
28,139
28,983
29,852
30,748
31,670
32,620
33,599
34,607
35,645
36,715
37,816
38,950
40,119
41,323
42,562
43,839
45,154
10,000
10,300
10,609
10,927
11,255
11,593
11,941
12,299
12,668
13,048
13,439
13,842
14,258
14,685
15,126
15,580
16,047
16,528
17,024
17,535
18,061
18,603
19,161
19,736
20,328
20,938
21,566
22,213
22,879
23,566
24,273
25,001
25,751
26,523
27,319
28,139
28,983
29,852
30,748
31,670
32,620
33,599
34,607
35,645
36,715
37,816
38,950
40,119
41,323
42,562
43,839
45,154
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