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Average daily profit with $50K account?
- Thread starter fcg007
- Start date
Quote from icarus618:
Do you even trade? Do you know any traders? I don't know any traders who talk about "X% annualized return" in reference to their performance.
Oh and if it were that easy to take someone's money and "teach" that person how to trade...lol.
Yeah? How exactly do traders in your world measure performance? Daily Return? Get a clue buddy.
Now I know this place is full of less than $50,000 account traders. Look at all the posts on this subject alone.
EliteTrader? Hahahaha more like UnderCapitalizedTrader. 90% of you will burn it all once, twice, three times until you figure out this game is not meant for you. You are better off taking a passive approach to trading than being an overactive trader with that kind of account size.
Do yourself a favor. Heed my advice, live life and get your head out of speculation. If you aren't willing to take on extreme risk, you are not going to grow that account to what you think you deserve. Chances are, you will blow a significant portion of it stupidly and then quit.
EliteTrader? Hahahaha more like UnderCapitalizedTrader. 90% of you will burn it all once, twice, three times until you figure out this game is not meant for you. You are better off taking a passive approach to trading than being an overactive trader with that kind of account size.
Do yourself a favor. Heed my advice, live life and get your head out of speculation. If you aren't willing to take on extreme risk, you are not going to grow that account to what you think you deserve. Chances are, you will blow a significant portion of it stupidly and then quit.
Quote from TraderZones:
Take a look at timertrac, robbins world cup, collective2, futurestruth and the other dusiters and see how very very very few do this when PAPER trading without worry of risk.
The only ones of any benefit are Striker.com and Robins because the trader TRADES REAL MONEY...= RISK.
PAPER MONEY venues are of no benefit as there is NO RISK ...
That is why you will never see the charlatans promoting themselves on those sites.
NiN
Quote from fcg007:
Is $300 - $400 a reasonable goal for an account this size?
It is a reasonable profit amount depending on what you trade. If you trade futures, it is very possible. However, if you are just starting out you will have winning days and losing days and your average profit probably won't be that high.
Quote from Igor1:
Yeah? How exactly do traders in your world measure performance? Daily Return? Get a clue buddy.
In my world, performance isn't used for marketing purposes. It's been about 10 years since I traded in an office with others but I can tell you there was never a conversation that went like this:
Hey, how did you do today?
It was a decent day. I pulled 5 sticks out of JDSU and a stick and a half out of Soft. But, man, when you consider I did 1200% annualized, I really killed it!
Quote from sttrader:
It is a reasonable profit amount depending on what you trade. If you trade futures, it is very possible.
However, if you are just starting out you will have winning days and losing days and your average profit probably won't be that high.
It is hard to believe that some of these paper traders believe what they write...
I am sure sstrader wants to show us a few years worth of statements showing how "reasonable" this is.
Don't they ever wonder why all the large financial institutions don't just hire an army of daytraders to make this "very reasonable" 200-300%, rather than working so hard to arb a little here and there?
Perhaps, because it is NOT reasonable?