By day trading, is it really impossible to get a 3% return every day without fail?

[Q3D]

Yes, the road that Marketsurfer walked. First blow up your fund, and then start writing as a "renowned expert" for the idiots that first lost their money with you. It is always good to mention too that you know a lot of famous investors, traders and rich people. Idiots always want to be part of a successful group as they think they will look smart and successful too then, so that argument will work very well too.
Smart traders don't have to do all this, they are smart which means that they trade. That's the way they can make the most money. Writing, teaching, organizing conference and seminars is for failed traders.

I was using "smart" meaning cunning and deceptive, not just intelligent in a practical sense. Cunning and deceptive failed traders run webinars, sell books and courses, etc.

 

[i am nobody]

I was using "smart" meaning cunning and deceptive, not just intelligent in a practical sense. Cunning and deceptive failed traders run webinars, sell books and courses, etc.

I know, that's why I gave a example. But some people don't understand that you where cynical.

 

[Q3D]

Some of these trading vendors even ask for donations of money, that's a master's method of deception and financial gain. It makes people think you're doing them a service.

 

[FlashGordon]

So assuming you had $100 and got a 3% return everyday on your portfolio (excluding the transaction/brokerage fees), if you did that 100 times in a row for each possible business day (so guessing maybe about close to half a year) you would have $1921.86 at the end of it ...which is more than 19 times the original amount. I know its crazy (and not feasible in real life) but that just boggles my mind.

Yes, it is impossible to accomplish "everyday".

 

[Surprise]

The only problem is that for these 97% these return are impossible to make so they don't believe it can be done. It only confirms that real traders are very rare on ET. The biggest part of these 97% will never make any money in trading. They will spent their whole life (or lose their time) on ET denying that profitable trading exists. If I read that some "experienced traders" write that HFT's and algorithms prevent traders from making money it needs no further explanation. At least not for those who really know what trading is, as they know how stupid that statement is.

I trade the ES. If I start with a $5,000 account, a margin of $2,500 per contract, calculated a slippage of 1 tick on every entry and every exit, pay $3.5 commission a RT and trade compounding with a limit of 100 contracts, I need to make 1.25 points a day (240 trading days a year) to grow my $5,000 to NET $99,452, so profit is $94,452. That's not 500%, that's 1,899.04% a year. Just make a lousy 1.25 points a day. Just do the math and you will see. But 99% of these 97% probably never calculated what the potential is. And knowing what you can make, or lose, is the most important and essential thing before you can decide to trade.
If you make 1 point a day you will reach your 500%.

I know that bashers will laugh and say I should be THE RICHEST MAN IN THE WORLD. Well I let them laugh, because their statement is FALSE as I clearly said maximum 100 contracts. They think about eternal compounding, which is again proof of their stupidty and lack of knowledge. Eternal compounding is impossible.
Let's see how many seconds it takes before bashers react.

Is that the reason why you are not making 1,899.04% a year ?!

 

[jk90029]

Instead of daily 3%, if there were single person who develope annual 20% logic (roughly 0.1% consistently), then Buffet and Gates are broke now.

There was NO person at all. I am sure that there WILL BE no one from now too.

Note that modern stock market was running over the last 400 years, from Netherlands. ( Calculate 1.2^400)

 

[OddTrader]

So assuming you had $100 and got a 3% return everyday on your portfolio (excluding the transaction/brokerage fees), if you did that 100 times in a row for each possible business day (so guessing maybe about close to half a year) you would have $1921.86 at the end of it ...which is more than 19 times the original amount. I know its crazy (and not feasible in real life) but that just boggles my mind.

By day trading, is it really impossible to get a 3% return every day without fail?

Just 2 cents:

I think it's technically impossible to get a 5% return every day without fail.

Except some who learned from JH can get 3 times of daily range!

 

[Chewy]

GOOGLE says the answer is 4.7043369e+31
million = 10 **6th
billion = 10 **9th
trillion = 10 **12th
trillion trillion = 10 **24
million (trillion trillion) = **30
10 million (trillion trillion) = 10 **31
47 million (trillion trillion) finally got there. hahaha

finally I am rich.

 

[FlashGordon]

So assuming you had $100 and got a 3% return everyday on your portfolio (excluding the transaction/brokerage fees), if you did that 100 times in a row for each possible business day (so guessing maybe about close to half a year) you would have $1921.86 at the end of it ...which is more than 19 times the original amount. I know its crazy (and not feasible in real life) but that just boggles my mind.

Is it possible? Yes, of course, I do it all the time exclusively trading Forex. Everyday? Of course not. You can only get what the market will give you. Also forget even exampling in terms of talking about $100.00. About $5k would be a minimum start point. https://www.linkedin.com/in/whenperformancecounts

 

[777]

Admittedly, not on any I can really quote here: it's anecdotal evidence (i.e. a relative who's also an eye surgeon who's known him slightly for decades, and been well aware of the whole story). Sorry not to be able to back up my assertion better - perfectly reasonable to ask, of course, but I just happen to know that the Al Brooks story is one of the true and real ones, and that he's supported his whole family, including three daughters going through college, from his trading income.

Choosing your mentors wisely is sooooo important.