Average daily profit with $50K account?

You should be able to earn 13.89 dollars a day conservatively.

If you can do 300-400 a day with 50K you should have a few trillions in no time.
 
so, since July 2008 when you started posting here you should have made several milliondollars off the 50k starting capital by now, CONSERVATIVELY speaking and keeping your return profile stable.

LOL.

Looks to me you pulled your risk management straight out of your arse.

Enough Said

Thanks for the laugh though.

Quote from dalen:

lol oh please.. Very fortunate? Do you actually trade? Not invest, trade. I agree most don't succeed at it, but those who know the game and use leverage to their advantage can easily push bigger numbers than 300-400 a day. With a 50k account trading ES I can push 800 a day, and that's being conservative.
 
Why is almost everyone bringing up compounding... ffs, no one is saying that you can compound gains forever at a high rate, yet that argument keeps creeping up....you'll have a billion in 198 weeks, blah blah blah...what, you can't conceive the possibility that someone can actually net an average of 15 cents a day trading 2 contracts of CL for example WITHOUT COMPOUNDING? Not every day, but on average? I'm not *I* can or do (I don't trade CL) but I can certainly conceive that some people, maybe 1-2%, can...

P.S. NOT COMPOUNDING CONTRACTS :p
 
lol, is this the NEW average IQ here on ET? I remember this has been different some time ago.

% DOES matter, your 10k friend yielded a much higher return. How do you compare the performance of AAPL vs RIMM other than in percentage terms? Everyone in this industry compares results on a relative basis in terms of percentage return. Get a fxxxx life.


Quote from 1a2b3cppp:

Sure, it's possible.

You can make $300-400 a day trading one futures contract in an account with $10 or $20k. I mean actual trading, not SCT fake trading 3x-daily-range-profit jack hershey "trading".

I don't understand how people can screw up the math so badly.

The problem is coming up with a system that works well.

It's not like you NEED $50k in order to make $400 per day.

The only way I could see it being the case that you NEED $50k in order to make that much money is if you're averaging down and you NEED $50k in drawdown in order to average out to your $400 per day.

But if you subscribe to the idea that you can make $300-400 a day trading one contract (no scaling, no averaging down), then all you really need is $5 or $10k to cover the margin and you're fine.

But nobody wants to admit that's possible. They need $200k in their account to make $400 per day because they use weird ass scaling methods that require huge margins.

Finally, it's not about PERCENTAGE. It drives me nuts when people mention this.

Assume two traders: one has a $10k account, one has a $50k account. They each trade 1 contract. They each make $300 a day for a week. They each made $1,500. They each did exactly the same performance. % is irrelevant.
 
Quote from l2tradr:

Why is almost everyone bringing up compounding... ffs, no one is saying that you can compound gains forever at a high rate, yet that argument keeps creeping up....you'll have a billion in 198 weeks, blah blah blah...what, you can't conceive the possibility that someone can actually net an average of 15 cents a day trading 2 contracts of CL for example WITHOUT COMPOUNDING? Not every day, but on average? I'm not *I* can or do (I don't trade CL) but I can certainly conceive that some people, maybe 1-2%, can...

P.S. NOT COMPOUNDING CONTRACTS :p


Those who state or imply compounding are not in the business of trading.

People sweep axcess profits form accounts and put hem in largr capacity markets.

No one makes a fixed amount per day on a trading equity curve. Why that is also unknown to these types is kinda silly.

What is with the OP? Does he also fall into the ignorant category?
 
yes actually we all agree with you. Its more realistic to assume a 1k return on a 2k account, imagine what you could make every single day on a 50k account. But then you also have dog races, horse racing, casino, heck, you could become a pimp buy yourself some prostitutes and rent them out.

Quote from increasenow:

honest question...am I the only one that really and truly thinks this is a totally crazy question to be asking with a $50k account? I can see this kind of question with a $2k account but $50k?
 
why not? You would be dumb if you did not compound. If you can average 1-2% a day (LOL) then you should definitely max out the edge.

Quote from l2tradr:

Why is almost everyone bringing up compounding... ffs, no one is saying that you can compound gains forever at a high rate, yet that argument keeps creeping up....you'll have a billion in 198 weeks, blah blah blah...what, you can't conceive the possibility that someone can actually net an average of 15 cents a day trading 2 contracts of CL for example WITHOUT COMPOUNDING? Not every day, but on average? I'm not *I* can or do (I don't trade CL) but I can certainly conceive that some people, maybe 1-2%, can...

P.S. NOT COMPOUNDING CONTRACTS :p
 
you are not from this world for sure. What is your large capacity market dude?

P.S. You probably wanted to say that "Those who DENY or DISAGREE with compounding are not in the business of trading."

Otherwise your post contradicts itself ;-)

Every system implicitly compounds size by constantly adjusting to current account balance, at least a system based on standard risk metrics.




Quote from jack hershey:

Those who state or imply compounding are not in the business of trading.

People sweep axcess profits form accounts and put hem in largr capacity markets.

No one makes a fixed amount per day on a trading equity curve. Why that is also unknown to these types is kinda silly.

What is with the OP? Does he also fall into the ignorant category?
 
Quote from asiaprop:

why not? You would be dumb if you did not compound. If you can average 1-2% a day (LOL) then you should definitely max out the edge.

You obviously didn't read what I said. I don't know, some don't like big swings in their P&L, maybe more conservative by nature, maybe their edge is very tiny, they're paying off a mortgage and don't want to increase risk, who gives a shit why they don't compound...
 
and you did not get my point. If you can average 1-2% a day then you should plow all your excess capital into this because its probably the highest yielding return, why would you not want to employ every last penny in this as long as you generate such returns (I claimed before this is a bogus assumption to start with). You can always service debt later that costs you about 7-8% a year. Thats the same principle how treasury managers in corporates decide how much to allocate to the repayment of debt vs re-investment in the firms own equity/capex. Very basic very simple concept.


Quote from l2tradr:

You obviously didn't read what I said. I don't know, some don't like big swings in their P&L, maybe more conservative by nature, maybe their edge is very tiny, they're paying off a mortgage and don't want to increase risk, who gives a shit why they don't compound...
 
Back
Top