Average daily profit with $50K account?

[thisisnotsurfer]

Quote from jack hershey:

Unknown to you the last sentence said "Do not worry if you do not understand this"

Basically, in corny parlance, often there is a sort of shoot the messenger. Look at the effort T666 makes to keep my messages he does not grasp, before the public. Others focus on creating a portrayal of me like in comic books. Dave Goodboy is also a portrayer of me from the viewpoint of a person who is unable to reason or use foreign words as descriptors; he does not even understand how any systemmic trading works as seen by his misuse of CW terminology.

You may stop reading this as you did the other substantive info you were provided. Other people may read it and connect with me in a conversation of some sort. So with respect to that, you are a just our foil in the picture.

A lot of different perfomance styles are out of the range of your possible consideration. Netto, Morge and TOS are examples. I could name 20 more.

Watch the picture, JACK.... WATCH the dots MOVE BY THEMSELVES who controls your subconcious JACK? WHO ????

 

[jack hershey]

Quote from jack hershey:

Thank you for giving readers another shot at reading the point I was making.

Your comments indicate to me that you do not get the point I made.

Some people do understand my comments. he CW trader does understand that he has anxiety, fear and anger as an emotional orientation. Lo points this out in the citations that you used to post. He does not, however, attribute the source of these emotions using TA or market analysis. Neither did you but I do.

A study of the causes of early exits, will reveal how the three CW patterns are the causal factor. You may not understand this because it is not a field you have participated in.

I like the manner that the examples I compared, clear to those who know of market dominance and non dominance (take contrarian or trend following traders, for example), involved a single commonly occurring order of events. It may be possible that you are unaware that trends are biased and why and how that bias occurs and how easy it is to detect.

One of the most important things is staying on the correct side of the market. Anther thing that is important in a trend is knowing that a trend has three moves. As important as anything is always knowing where you are in market cycles on any fractal level.

A person who knows how fractals nest also has an advantage.

All of these matters are available through searches. Many many successful methods deploy this kind of knowledge and the associated skills.

It may be that you did not develop the inference to be able to have the perception required to trade effectively.

Here is a snagit of six price and volume moves. Three short and three long. they are the most recent happenings on the market today. Six trades on the 5 min ES. None of them are in the range of what you think 50K can earn in a day. A day is 81 bars.

Here is the snagit.

 

[jack hershey]

Quote from thisisnotsurfer:

Watch the picture, JACK.... WATCH the dots MOVE BY THEMSELVES who controls your subconcious JACK? WHO ????

The mind controls the sub conscious.

getting the subconscious observations to become part of the mind's inference is an amazing process (also doen unconsciously).

Sensing is only 10% of perception. The other 90% comes form long term memory as inference.

Your commentary on PEP and its Applications: PVT, SCT and SSR shows how a person with zero inference cannot write about what his eyes are reading or charts he is seeing. thank you for being an example.

Mr Black on the other hand is accomodating you in very simple language andpictures to , as you say, dumb it down for you.

I'm having trouble nvisioning your "quant" and you "firm". I can envision your dog sitting in Central Park since I have put on events in Central Park. I'm the person who tok the fence down on Wall Street and did those Wednesday noon productions on the portable stage put in front of GW during the Bi Centenial. I was also the host of the MC dinners inside the TB.....

 

[jack hershey]

Quote from jack hershey:

Here is the snagit.

Is there anyone who can't see the following?

1. Dominance

2. non dominance

3 P,V moves

4. trends

5. three moves per trend

6. The order of the three moves as expressed by dom and non dom.

7. trend overlap.

8. all trends begin with dominance.

9. the middle move of all trends is non dominant.

10. All trends end in a failure.

11. The end of a trend is dominant and the beginning of a trend is dominant and the dominant direction has REVERSED.

12. How to take profits by reversing into the next trend at the point of failure of the prior trend.

13. How to hold through the non dominant move instead of exiting early.

14. How to avoid entering a non dominant move and get into a DD by holding during the subsequent dominant.

15. How to always be able to do a wash trade instead of take a loss.

When this is working you can trade more than 1 contract.

Doing reversal at times of move ends and trend failures is to take profit segments. Profit segments get better when you use leading indicators of price. There are 7 of these that you coordinate.

 

[jack hershey]

Quote from jack hershey:

Is there anyone who can't see the following?

1. Dominance

2. non dominance

3 P,V moves

4. trends

5. three moves per trend

6. The order of the three moves as expressed by dom and non dom.

7. trend overlap.

8. all trends begin with dominance.

9. the middle move of all trends is non dominant.

10. All trends end in a failure.

11. The end of a trend is dominant and the beginning of a trend is dominant and the dominant direction has REVERSED.

12. How to take profits by reversing into the next trend at the point of failure of the prior trend.

13. How to hold through the non dominant move instead of exiting early.

14. How to avoid entering a non dominant move and get into a DD by holding during the subsequent dominant.

15. How to always be able to do a wash trade instead of take a loss.

When this is working you can trade more than 1 contract.

Doing reversal at times of move ends and trend failures is to take profit segments. Profit segments get better when you use leading indicators of price. There are 7 of these that you coordinate.

We finished the long three moves (dom, non dom , dom) and then waht happened?

there were three more moves in a short. See below.

I am using the words: moves and dom and non dom. If I do this 50 times and you read it, you will want to bgin to annotated so you have another level of precision. Next you will want to add the seven leading indicators.

Or you will reject all of this for mental reasons.

 

[TraderZones]

Quote from jack hershey:
Thank you for giving readers another shot at reading the point I was making.

There has not exactly been a chorus of acclimation rising to your defense.

Your comments indicate to me that you do not get the point I made.

No one understands the points you make, except perhaps the institutionalized.

Some people do understand my comments

I think I found a place that you may fit in:

 

[jack hershey]

Quote from jack hershey:

We finished the long three moves (dom, non dom , dom) and then waht happened?

there were three more moves in a short. See below.

I am using the words: moves and dom and non dom. If I do this 50 times and you read it, you will want to bgin to annotated so you have another level of precision. Next you will want to add the seven leading indicators.

Or you will reject all of this for mental reasons.

the bars are doing their thing. This pic shows where Ross and dave screw it up because they haven't done the drills

 

[bigarrow]

Quote from 1a2b3cppp:

So why don't people subtract from their trading accounts in order to skew the profits then and impress everyone on ET?

If you have a $10k account and trade one contract and make $200 per day (entirely possible), that's $1k a week or approx $50k per year.

ZOMG 500% returns!!!

But if you've already got your living expenses squared away in another account, and you're lazy and don't feel like taking any money out of your now-$60k trading account, and you do the same thing next year (another $50k profit), then you only made 83% that year.

So going from 500% the first year to 83% the second year looks like you did worse the second year.

The truth is that you did EXACTLY THE SAME. You made $200 per day on 1 contract both years. Exactly. The. Same.

I'm not sure how else I can explain it and I'm not sure why people aren't getting this.

Assume two traders, trader X and trader Y.

Trader X trades 1 contract and makes $200 per day = $50k per year. Let this action be known as Z.

Trader Y trades 1 contract and makes $200 per day = $50k per year. By definition, this action is also Z.

Trader X's account size is $100k because he never takes any out because he's lazy.

Trader Y's account size is $10k because every month he takes out all his winnings to pay for hookers and blow and leaves a base size of $10k in his account.

Both traders' performances were Z.

You are saying that Z != Z. That's some crazy ass logic you got going on.


( != means "is not equal to" )

What you wrote is understandable but I don't think that is what everyone is talking about. I think it's about risk. To try to make $200 per day on a $10000 account is a 2% risk per trade. With a $50000 account with the same $200 target the risk is 0.4% risk per trade, a hell of a lot more room for draw downs before being forced out of the game.

 

[jack hershey]

Quote from jack hershey:

the bars are doing their thing. This pic shows where Ross and dave screw it up because they haven't done the drills

So what ARE those green and red diamonds. They aren't white dots on a napkin or a rabit eating the tablecloth.

The green one is the ASK WALL and the red one is the BID WALL. What are they going to do in a move in a trend? Does anyone know how to set a trailing stop?????? LOL Deos anyone know how to not set a target????? LOL....

 

[jack hershey]

What if you knew the boundaries of these trends you are using to mop up the market's continuing offer?

This is a tough question. You are just making 25 bucks on your 50K a day.

that long you are watching is fun isn't it? LOL

What if ET had skype??????? T666 would have the news in real time...... LOL... He could actually hear it if he were on the skype.....