Day Trading ROI

[MoneyKing]

Greetings EliteTraders,

I am fairly new to trading and consistently researching to build up my knowledge; I would like to know the %profit a day trader makes yearly. Would the %profit change with a capital of 10k vs 100k?
Any personal experiences are stories would be appreciated.

Regards,

 

[lawrence-lugar]

I would like to know the % profit a day trader makes yearly. Would the % profit change with a capital of 10k vs 100k?

Could be anywhere from a Negative balance, if you use margin....up to 29,000% in a year
https://en.wikipedia.org/wiki/Dan_Zanger

 

[Handle123]

Absolutely, can be done, but not in first few years. Matter of fact till you learn so much trivial bullshit reading all the garbage on the Internet, then testing that so little of it works, you will do this almost everyday, yes you will make just a tad of money every once in awhile, just to give you hope.

But let's first discuss how much money you will lose learning your new job, it be like someone sticking their hands up your penis to then sqeezing your kidneys each and everyday you are learning how and in mean time you lose money like it was free hot dogs at a Major league baseball game. Little by little, you will remember this post and finally at some point take it serious, that the profits is the least thing you want to ask about and 95% of your time will be testing how to not lose your money. At some point you ask God, please if I can just make $25
a day, I promise I will go to church each Sunday and end of the day God is laughing His ass as you lose more. But little by little you will learn that losing is no fun and take this post more and more serious, and learn to program and study your little arse off, cause if you can't compete against the best, and you can't sim trade to be profitable 19 of 20 days.....Good thing for us there are 60,000 new day traders each year.

You most likely will laugh at this post, those in the trenches right now don't laugh at this post and guys who are of small percentage do well, are laughing their asses off at this post.

TGIF, almost Starbuck time baby,
All have fun weekend.

 

[speedo]

It ranges from minus a great deal to plus a great deal....where you fit on the spectrum is up to you.

 

[rolando87]

Each and every day trader makes exactly 45% roi yearly. There is no variance among these results as every trader ive met has told me they are pulling 45% year after year. The figure is the same whether you trade 10k or 100k but drops to 25% yearly when you pass 1 million. So its best to keep your account just under 1 million to take advantage of the higher returns.

Also you might as well take on creddit card debt as your only paying 20% vs the 45% you will make, its free money essentially.

Does that answer your question.

 

[profitlocker]

If you can't compete against the best, and you can't sim trade to be profitable 19 of 20 days

Handle
Not questioning the authenticity of your approach, but how many retail daytraders are positive 19 of 20 days? It just sounds really atypical to me

 

[nonlinear5]

Greetings EliteTraders,

I am fairly new to trading and consistently researching to build up my knowledge; I would like to know the %profit a day trader makes yearly. Would the %profit change with a capital of 10k vs 100k?
Any personal experiences are stories would be appreciated.

Regards,

Numerous studies of brokerage accounts demonstrate that the vast majority of day traders lose money. The longer the period, the smaller the survivor rate. The frequently floated figure is that some 80% to 95% of daytraders fail.

 

[Handle123]

Handle
Not questioning the authenticity of your approach, but how many retail daytraders are positive 19 of 20 days? It just sounds really atypical to me

It is pretty darn difficult for retail day traders to be profitable since the first years and often times the first two months they are done. But many still don't realize and why I often write harder posts to newbies is that many ask wrong questions cause basically they think in terms of greed and don't understand it takes so many hours of study and so much back testing. Mentors can cut the time down to within a year if the student is spending hours each day and weekends besides their normal work, but much of day trading is not trainable and has to be experienced. And the mental weaknesses of most are so so difficult to live life, you have to tackle the constant stresses of failure and most have never failed in life that they made this much effort. Many buy systems from vendors and then the vendor is labeled he selling crap, but how many didn't trade it as it should have be traded, but the biggest problem is still most don't know how to trade in first place, they don't know how to adapt and make tweaks to any system. Most of the systems though are not very good and I have myself have return 90%. You have to really work hard to get to 19 of 20 days profitable on sim, but wouldn't you rather fail at that then to lose thousands of dollars? Most of those I mentored in past years had this requirement, and most never got to 19/20, but at least I felt they didn't lose money on what they learned from me. Some did pass and few of them didn't do well in real time cause stress reduces memory, like deer in headlights.

This is why I rather see someone get good first trading long term, as it takes so many hours to experience reading charts and memorizing your Trading Plan. Most discount trading long term, but if you get good at long term, you have a way to expand your 401k, less fees makes for huge difference as well. Day trading, even at $4 bucks roundturn in futures time ten trades each day comes to $10k for the year and that is double what many smaller retail day traders start. Fees really add up.

Most don't realize you have to do 100-200% a year to just pay the fees, 95% of them should have never tried to learn to day trade, but someone has to sweep up their losses. To day trade well, you have to train your mind to unlearn what it thinks in terms of being normal, prices dropping so you waiting for it to drop to buy the market as this has the highest chances of being profitable within rules of your Trading Plan, whereas breakout trades are highest risk of failing and it has often the highest risk. People love "feel good trades" price going up they getting in and often times by then I am getting out, it is often this way of me getting out when retail getting in. You have to lose your constant of "self", you have to be cold hearted trading and want people to lose all their money to you, not different than Casinos.

 

[Redneck]

Handle
Not questioning the authenticity of your approach, but how many retail daytraders are positive 19 of 20 days? It just sounds really atypical to me

NOD asked me essentially the same question back in the day

====================

Question to you Sir (and think through it)

Why is it not possible..., what precludes it from being possible (both these are rhetorical)


The mkt

The trader (and the unwillingness to cut each loser.., then get on the side of a move / the lack of patience / the lack of discipline / lack of ability to follow a prescribed set of rules..., some form/ degree of ingrained fear)

Something else


One of the above is fixable..., or not

RN

 

[profitlocker]

I definitely think it's possible to get the win percentage that high, but it requires more work, and more trades. I can do it with a high level of discretion, but the shit burns me out. You have to grind it out within the noise, watching how the instrument reacts as every key level is broken. Steely nerves are required. It's hard to mechanize this successfully. I can't figure it out

If you just latch onto major daily moves the profits (for me) end up the same. Lower win percentages, higher R:R, and larger drawdowns, but less work and achievable with a high level of automation