Interesting.
Another way is to compare with buy & hold.
You often hear guys talking about beating the index.
The benchmark being the S&P500 most of the time.
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Peblo
That is right - I say no £500k days! Just to have -£1M day later... This is bulls***
This might be right when you are still learning to trade and developing a strategy.
Once you become a full time trader you should be able to scale your strategy. My strategy currently makes around 3,5 ES points per day after commission. Which is $175, but why should i only trade one contract? Why not 2,3,5,10 or even more depending on the balance i am trading with?
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Peblo
First - I am not a beginner, quite the opposite. Second - it does not matter. P&L for best day and worst day should be similar
Did i ever say you where a beginner? Don't feel so attacked dude.
There is no hard rule for what these numbers should be, it all depends on the other statistics of the strategy.
If you, as a fulltime or professional trader for multiple of years are still satisfied with $200 a day, good for you.
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Peblo
Did I say $200? No numbers necessary - just wondered what others stats (relation of best to worst day) are
You did not but the post i quoted, to which you replied, did ...
Meaningless question. All that matters is sustained (long term) return. If you're not beating the market after all costs (including your own time, which should be most valuable of all) it's a pointless exercise.
The absolute value is meaningless. Some might see 6 digit+ fluctuations from one day to the next without noticing. Others will be distressed over a loss (or celebrate a gain) of a few hundred bucks.
The absolute value is meaningless. Some might see 6 digit+ fluctuations from one day to the next without noticing. Others will be distressed over a loss (or celebrate a gain) of a few hundred bucks.