Elite Trader's day trading spectrum

[rajesheck]

Let us register our spectrum of day trading styles and results.

How do you know whether you have natural trading skill?
You only need to judge yourself.

IMO, ROI anything less than 5% / month is not worth the effort in day trading.

 

[HobbyTrading]

Sorry, I'm not a day trader so I can't cast a vote. What is a "naural trader"?

 

[rajesheck]

Sorry, I'm not a day trader so I can't cast a vote. What is a "naural trader"?

If you are an automated trader then please cast your vote.

There is no fixed definition for a natural trader. If you trade like a pro in the first year itself then you are a natural trader.

 

[Xela]

IMO, ROI anything less than 5% / month is not worth the effort in day trading.

My guess is that most members will disagree with that perspective. I certainly do.

(Granted, some significantly undercapitalised people will perhaps agree).

4% per month, compounded only monthly, represents a 60% annual return: I'd think that's probably better than at least 99.9% of the trading community manages, and is hugely worthwhile.

 

[rajesheck]

My guess is that most members will disagree with that perspective. I certainly do.

(Granted, some significantly undercapitalised people will perhaps agree).

4% per month, compounded only monthly, represents a 60% annual return: I'd think that's probably better than at least 99.9% of the trading community manages, and is hugely worthwhile.

I agree and disagree same time.

60% ROI is undoubtedly magical. Yet considering that initial capital of day traders is generally not huge, 5% or more would be worth the tedious day trading effort.

In long term one limitation I see in manual day trading is that we can not keep on multiplying our capital. There will be a saturation point due to the volume traded in the chosen script. From that perspective also 5% or more is decent, not extravagant.

 

[algofy]

Sorry but this poll is crazy subjective and not helpful.

 

[rajesheck]

Sorry but this poll is crazy subjective and not helpful.

True.

Trading is a blend of art and science. So its a mixture or subjective and objective. I have set this poll in a balanced way. This is a bit unconventional and expecting some unexpected results too.

 

[Xela]

considering that initial capital of day traders is generally not huge ...

If you're referring to a belief that the "median" capitalisation among prospective daytraders is lamentably and unrealistically low, then I'd agree with that perspective.

(The overall success-rates, however you measure them, and whoever's figures you believe, for any kind of self-employment are very low. The overall success-rates, however you measure them, and whoever's figures you believe, for trading are doubtless even lower. The overall success-rates, however you measure them, and whoever's figures you believe, for daytrading specifically are doubtless even lower still.)

But I can't share your perspective that anything less than 5% per month isn't worth talking about.

 

[Robert Morse]

IMO, ROI anything less than 5% / month is not worth the effort in day trading.

I have been in the business for over 35 years. 5%+ month with an account of material size today, is an unreasonable expectation with any strategy. If there is that much edge, someone will do it faster in size for less. Very rare.

 

[Overnight]

Your poll is incomplete as you are missing categories, and "natural" vs. "passionate" is not defined. Ergo, poll is invalid.