You are very generous with your praises but acording to fundseeder, the top 5% daytraders have an ROI exceeding 6,000% pa. Although fundseederdoes not turn that into points, I imagine that the average capital required to give 3pts/day on the ES return about 400% pa
ES Journal - 2019/2020
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You are very generous with your praises but acording to fundseeder, the top 5% daytraders have an ROI exceeding 6,000% pa. Although fundseederdoes not turn that into points, I imagine that the average capital required to give 3pts/day on the ES return about 400% pa
You said 3k per day is good regardless of how much capital used, which is of no basic logic and I would not talk this topic with you anymore. I am just wondering if you do not day trade,why you came to a daytrade thread and argued on a day trade topic?Also you said you study fundamental event for the day and one day chart,and enter position before next session,and may post result for the end of the day.That is a day trade? Isn't it?
And read my post again, I said if you hold position more than one day, you can post in my thread.So I did not make a conclusion on how you trade, daytrade or position trade.
What is pa? How you came to ROI 6000% if you did not even mention how much leverage used?Your post is too vague ,and it seems nobody understand what you said.
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pa: Per Annum.
My question is this: if the top day traders are doing that kind of return, why aren't they being swooped up by hedge funds ? I mean just give them a million dollar slice of the action and let them "go to town" with their trading approach ?
That is the point of fundseeder, one posts their audited performance and if consistent then a hedge fund or bank might make an offer, however, keep in mind that scaling for retail traders might mean taking 20 contracts instead of 5 on one instrument, while a hedge fund manager needs to pick 100+ instruments to place its $m(s)... different game altogether... you'll never see a hedge fund make 6,000%, 43% is tops (Medallion Gold for e.g.). There is a limit to how much you can scale before performance drops. A good trader does not compound, he knows that the bigger the capital the harder it becomes, besides, a mistake in risk management coupled with a black swan could blow the account (it happens even to the best) so he will limit his capital to a fixed amount and take profits to the bank daily... if he blows the account, he'll start again. Personally, I aim for "infinite returns" i.e. profits are withdrawn until the capital deployed is all "house money".
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You, sir, brought the arguments to this thread. You took extracts from the other thread and argued their contents on this thread... I also was wondering why did you not put forward your argument on the thread that posted the original comment? So, what do you want to do now:
a) cease the questions and arguments?
b) move over to the tread were the original comment/post was made?
c) continue as we are on this thread?
Again an extract from the other thread brought over to this thread... Should I answer the question on this thread? I don't think I will. The extract is self-explanatory, suffice to say that your interpretation is incorrect.
Why I don't ask in your thread? Because I am not interested in your thread. Nor I am interested in the way you trade.I guess the way you trade, would blow your account fast.And I guess most people on this thread agree with me.
But I am interested if you post your real time entries and exits.That can show your way of trading works.But until now you did not dare to post a single real time entry.
wrong again.
these and many others, in fact, the S&P trades were posted on this thread also
Trading the Indices on Fundamentals
Trading the Indices on Fundamentals
Trading the Indices on Fundamentals
Trading the Indices on Fundamentals
Most people (if like me) do not read every post so if you did not see my real time trades that is fine, what is not fine is presenting an assumption as fact. For the sake of clarity: Facts are something you have seen, opinions are just hot air, "you did not dare to post a single real-time entry" is an assumption because if you had checked facts first you'd know the statement is false.
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