From $10,000 to $100,000 in 6 months.

[xelite777]

I see a potential of about 350 ticks POSSIBLE to be captured, PER CONTRACT.

But that's the problem right there!!

I can look at any chart and see a potential of about $1000 profit each day or more, with a margin requirement of $1000. That's a 100 % daily return on investment by the way.

But ACTUALLY making that $1000 each and every day is quite another story completely!!!

And yet this is what your post is candidly suggesting to the OP: making $600 a day with 10K starting capital is a piece of cake.

Also remember that making $600 a day with 10K represents a 6% daily return. Most hedge funds would kill to make just half of that return .... per month!

 

[tiddlywinks]

But that's the problem right there!!

I can look at any chart and see a potential of about $1000 profit each day or more, with a margin requirement of $1000. That's a 100 % daily return on investment by the way.

But ACTUALLY making that $1000 each and every day is quite another story completely!!!

And yet this is what your post candidly suggests to the OP: making $600 a day with 10K starting capital is a piece of cake.

Also remember that making $600 a day with 10K represents a 6% daily return. Most edge funds would kill to make just half of that return .... per month!

Firstly, you do not see "potential"... You are hung up on daily range, straight-line end-to-end tops and bottoms. Too bad.

And what is your point about daily ROI? The vig intraday is $1000 (or less) per contract. Write to the CFTC if you don't like it. (Actually, don't do that ). More important, recognize you are the one suggesting daily returns are derived from trading a single contract. If 2 contracts are traded $1000 daily profit (as your example) is NOT 200% ROI (each contract has it's own vig don't you know). Gee, maybe GruTrader will startout trading 3 or 5 contracts and add contracts only as the account grows beyond 10K. We'll see.

And who the hell cares about hedgies... they have their hands tied by the amount of capital, oversight, and social (client and non-client) accountability. We have none of those issues. And that is also why we can throw off high daily percentages of personal account balances.

As an experienced futures only flat-eod daytrader myself, assuming GruTrader is who he says he is, throwing off $600 from a starting 10K will not be difficult. And he seems to know it.

 

[xelite777]

We have none of those issues. .

Sure, that's because we are too busy making 6%... a day!

Anyway, let's see how it goes.

 

[GruTrader]

This should be a very high interest thread. I personally would love to see this
unfold successfuly. Good luck to you.
If i could ask; Will you be leaning on a premise such as the Russia/Ukraine situation
and "kill it" if events unfold as you surmise in 6 months?
I am curious of the timing and if there is a reason for NOW.
Thanks, and again, good luck..

There is no major reasoning as to why I decided on this challenge this very moment. I am not bias towards the long nor the short side. If the market gives us downside, then my job will be even easier, if there is upside, I'll ride with it.

 

[GruTrader]

Considering the relative ambitious if not outlandish goals and the subtle linking to his forum seeking traffic, I do not believe my comments were any less unrealistic.

Cherry picking calls, and hindsight trading to be topped off with an end of day edited video of the "profitable" trades, sans the mulligans and do-overs is all to common.

Considering he employs a lot of swing / position trading [as evidence by his youtube video], calling trades a head of time shouldn't be a problem for him. Isn't his intent and actions just as important if not more useful than just his "results"?

If he is serious then he will, if he isn't he won't. No skin of my nose either way. If he wants people to follow him, which is relatively apparent, my suggestion would ensure that.

If he succeeds with his goal, then an audit would be appropriate.

I believe I stated already that in almost all cases I will be making calls for where I am looking to enter or exit beforehand. If I do not, then I would post within minutes of the entry or the exit. Second of all, in the video I would display my orders in the TradeStation platform. Everything will be there for everyone to see. On top of that, when I do enter or exit, TS marks it on the actual chart which I will be covering in the video. Trying to hide bad trades or omitting them would be quite the job.

Every single dollar that enters or leaves the account, you will know about. End of story.

 

[GoldenMember]

I believe I stated already that in almost all cases I will be making calls for where I am looking to enter or exit beforehand. If I do not, then I would post within minutes of the entry or the exit. Second of all, in the video I would display my orders in the TradeStation platform. Everything will be there for everyone to see. On top of that, when I do enter or exit, TS marks it on the actual chart which I will be covering in the video. Trying to hide bad trades or omitting them would be quite the job.

Every single dollar that enters or leaves the account, you will know about that. End of story.

My comments were not directed towards you, you already stated you were fine with advising intent. I was replying to Lotto's taking exception to my suggesting intent [calls] over result.

Proceed with clarity and transparency, should be interesting and I wish you good fortune.

 

[GruTrader]

Allow me to show an example of how with patience there will definitely be opportunities to hit the home run I need to reach my goal.

The following chart is for Nikkei:

At the start of this year we came right back to the high back in 2013. Once we started to reject those levels, a short would be opened. From there price had a quick fall all the way down to a prior support level held by Nikkei just above 14,000. Now I know, it would have to be a perfect world for me to catch the top and the bottom oh so perfectly, but the majority can definitely be caught. In this case, within one month, if I was holding onto three contracts, then my gain would be at the $36,750. Again, I understand that at this point this is all hindsight, but much of this is quite simple to follow and many of you see the same on your charts. It all comes down to the proper mindset and discipline to take these trades. Going back to this scenario, once closing those shorts and reversing towards a long trade due to the support, with the gains on the long I would definitely be looking at $50k+ profit within 2 months just on Nikkei. This is without even taking into consideration that I would consolidate my gains from the short trade to open a larger long position on the inverse.

In the coming weeks I would love to see Nikkei come down to the 1400 level again since that would give me a strong pivot to work with.

 

[GruTrader]

Allow me to further demostrate the significance of that 16362 resistance I noticed in the chart.

This chart is from back in 2006-2007, the months leading into the nasty turmoil:

Notice how that level used to be a support before? We bounced off from that level in four different instances during those two years. Well...right now that support from eight years ago has come to haunt the market as a resistance. This again only provides further confirmation of just how strong a possible short trade could have been at that top this January.

 

[GruTrader]

Received email confirmation that funds have been posted to the futures account but I am still waiting for them to show up.

 

[ILTrader]

Good luck