ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
btw, don't trade micro unless it is a practice, it is not worth your time, commission alone will eat you alive.
and don't ladder your positions just because you see a runner, always take profits until your account size can afford carry trades into the next day.
Are you trying to say the $89,882,264,183,608,770,560.00 which is about 957 times the estimated 2021 gross world product ($93.86 trillion) is an unrealistic goal?
I guess I thought the absurd number and thewould give away my opinion that a 20% daily return is not likely to happen very often.
I also think ( I am more or less sure) that 20% is non sustainable. But your calculation sucks. I would have expected an intellectual correct argumentation. But I was too optimistic I suppose.
So you were both wrong.
I daytrade the S&P since the early 90's (when it was at $250 a point) so I have more or less an idea what is possible and what is not. I do believe that extra ordinary returns are possible, and made by some traders. But I get angry when people start with the eternal compounding argument, which is complete BS.
In my humble opinion - compounding should be done very slowly and carefully, unless you have a mechanical method/system which works across all market conditions or otherwise are very experienced.
For example, if you're buying dips and even average down you'll do great for a period of time, but eventually you'll give back a lot of profits when the market eventually sells off as you'll usually have your maximum size on then.
For example, if you're buying dips and even average down you'll do great for a period of time, but eventually you'll give back a lot of profits when the market eventually sells off as you'll usually have your maximum size on then.
out that one here +38 points
still holding the other position
Should get some big up days this week after we had some downside moves last week.
Booom! All time highs? Was waiting for this. Holding strong