For those that make 4 or 5 grand a day net

[jorgeamado88]

The initial question was how do you do it? The answer is simple: Catch moves with enough size. Either medium size and large moves, or bigger size and smaller moves

Now, obviously not every day is a winner - that's completely unrealistic.

 

[cashmoney69]

Quote from FastandFurious:

ok, what indicators that makes you take action?

All of them. If I only needed one, I'd get rid of the others.

 

[SethArb]

I don't get it ... whats wrong with making a few hundred or a grand a day ?

 

[FastandFurious]

Quote from SethArb:

I don't get it ... whats wrong with making a few hundred or a grand a day ?

ok, how do you make a grand a day?

 

[FastandFurious]

Quote from jorgeamado88:

The initial question was how do you do it? The answer is simple: Catch moves with enough size. Either medium size and large moves, or bigger size and smaller moves

Now, obviously not every day is a winner - that's completely unrealistic.

I assume you are referring to position trading...as in scalping, there's definitely a limit to the amount of size you can use.

 

[SethArb]

well ... you need to have an edge ... and your account even if retail ... needs to be large enough not to force you into
going "all in" just to make this arbitrary number

also you cannot go into the next week saying ...

"well I made 5K last week so this week 1k a day is a done deal "

 

[Tenderfoot]

The guys I know who average $5K/day don't actually make $5k each day. They make $30k one day, then 5K the next, and then they lost $7K. At the end of the year, they average $5K, but in reality some aspect of the 80/20 rule applies. Most of their profits come from a small percentage of their trades.

 

[mindmerge2k]

well put