Day trading realistic expectations

[fan27]

It's out of 98 total trades, so something like 61% wr, but some are included from when I wasn't trading full time. All are utilizing a similar simple RSI, EMA cross strategy buying when volume picks up after the cross about a total of 2 ticks from the initial cross. I absolutely agree the solution here is to cut losses early, which I have not been doing.

As I see you it, you have a couple of options given your current approach.

A. Sim trade your current strategy and see for yourself that it will not consistently make profits.
B. Trade your strategy with real money and likely slowly (or quickly) bleed your account.

In either case you will arrive at the point of realizing that the strategy you are pursuing is a loser. The question is how much money are you willing to burn to find that out.

 

[qxr1011]

Looking for some experienced traders to give me a realistic expected profit mark for growing my account based on their own experiences.

you asking wrong people wrong question

you do not have their experience, and you do not have their working methods...

so the only realistic for you now (as for any wannabe) is very high probability to loose everything and to go out of business

your expectations should be based on your experience and your working method....if you do not have them yet - then you should have no expectations ,

by the time you will develop them your expectations will/should developed accordingly

 

[Handle123]

Looking for some experienced traders to give me a realistic expected profit mark for growing my account based on their own experiences. Is it possible to make upowards of 2-5% a day? I am new and have been trading for about 3 months seriously, 2 years prior on and off playing around non seriously. I've done rather poorly lately (lost $12,000) although I have identified the reason this happened is not because my system sucks, it's because I did not cut my losses and got into holding and hoping habit, or would put on impatient trades.

I'd like to make myself trading goals to reach, but I am wondering about the potential growth possibilities here. Is 2% a day (on capital traded not overall account) realistic? 5%? I trade with around $30,000, often going full barrel, but with tight stop now of 2% no matter what. Any hints as to setting realistic growth goals here?

You bet it is very possible and smaller the account, the larger the percentages, when the account gets over one million, gets tougher, so much tougher as you swinging larger numbers and it is not the getting in that counts, the getting out. When account is smaller and you are EXTREMELY experienced 100%s are possible and done by not caring how much you profit but concentrating totally on risk management. Your losing percentages only thing I concentrate, if price does not travel in my direction in so many seconds or minutes, am out with a tick or it is new target if in the hole.

Now let's discuss REALISTIC, it is realistic you will continue to lose money going at it the way you are. I would do sims and start with the amount you going to fund your account, triple in sims three separate times, if you can't do that, you become bait.

It took me 7 long emotional losing years to learn how to trade futures long term and scalping losing way over $100,000, was it worth it? NO, as I was also losing all profits I was making in long term stocks, so like losing out on 7 years during incredible trending years. The risk in long term is almost nil when you learn to hedge and greatest risk to me is in day trading. As soon as you get decently profitable, go to automation.

Only took me 39 years to develop a day trading system I can accept to my rules of loss, am generally a scalper ave 8-50 a trade, enjoy up to 65% plus one tick profits based on weekly stats.

BACK TEST, BACK TEST, BACK TEST constantly, cause if you stop, you never now what is around the corner. And at minimum you need 10,000 hours, and expert level more like 50,000 when it starts really sinking in, least for me, more hours you put into, more friends you lose, LOL, vacations? what are those, but am odd anyway, am sure many would agree.

Starbucks time.

 

[CSEtrader]

Looking for some experienced traders to give me a realistic expected profit mark for growing my account based on their own experiences. Is it possible to make upowards of 2-5% a day? I am new and have been trading for about 3 months seriously, 2 years prior on and off playing around non seriously. I've done rather poorly lately (lost $12,000) although I have identified the reason this happened is not because my system sucks, it's because I did not cut my losses and got into holding and hoping habit, or would put on impatient trades.

I'd like to make myself trading goals to reach, but I am wondering about the potential growth possibilities here. Is 2% a day (on capital traded not overall account) realistic? 5%? I trade with around $30,000, often going full barrel, but with tight stop now of 2% no matter what. Any hints as to setting realistic growth goals here?

Yes, you can, as others said, but the first step is not to think about money but transform your mentality into the mentality of a professional trader, learn to cut your losses. IYou have precious directions by Handle 123, but I can not agree with five years therm or more - if you will make dedicate yourself and learn with good teachers, do special courses, meditations travels, read the books and by the time keep doing your sim, practise, and practise, you can do it very fast. It can also never come -80percent are losing mostly because giving up or finishing the capital. Just be president and don't give up, but careful with your capital Better plan the maximum you can lose in one day, one week. the gains will come as a gift for your discipline and devotion.
2% daily is very realistic, but it will not be day by day - it will come as the average per year. And let the market pay you off, don't put limits!

 

[Steve Alexander]

Looking for some experienced traders to give me a realistic expected profit mark for growing my account based on their own experiences. Is it possible to make upowards of 2-5% a day? I am new and have been trading for about 3 months seriously, 2 years prior on and off playing around non seriously. I've done rather poorly lately (lost $12,000) although I have identified the reason this happened is not because my system sucks, it's because I did not cut my losses and got into holding and hoping habit, or would put on impatient trades.

I'd like to make myself trading goals to reach, but I am wondering about the potential growth possibilities here. Is 2% a day (on capital traded not overall account) realistic? 5%? I trade with around $30,000, often going full barrel, but with tight stop now of 2% no matter what. Any hints as to setting realistic growth goals here?

Here's what's realistic: If you are fairly well-read, and you are in the top 5%, you might make 10% annually, day-trading. If you swing trade, and you are good at it, you can make 30% per year or so. Chances of losing money over the course of a year are about 90%. You might lose a little, or you might lose a lot, depending on your skill level. That's what's realistic.

Five percent, or two percent, or even 1% per day is ridiculous.

 

[eves_banished_children]

If active trading accounts were a food product, the government wouldn't allow it to be sold at grocery stores for all its negative effects on people.