Yeah. Maybe. Maybe nt. Maybe he has 50 million in real estate, bonds.
But he still is a trader.
There is no value approach to trading. Trading, per definition, is dealing with price fluctuations outside the fundamental changes.
How good of a trader do you need to be to make a living?
- Thread starter peilthetraveler
- Start date
Yeah. Maybe. Maybe nt. Maybe he has 50 million in real estate, bonds.
But he still is a trader.
There is no value approach to trading. Trading, per definition, is dealing with price fluctuations outside the fundamental changes.
That's a great strategy until it isn't. If you're taking $250k positions with $25k equity, you had better be prepared to lose it all. It's all very well to talk about "managing your losses", but with that kind of leverage on a single position.....wrong move....margin call....poof, there goes your equity.
Successful trading requires many things, but without real risk management, it's just a matter of time before it's all over.
The DunningâKruger effect is alive and well on ET.
Oh ok, sorry misread, you are talking about notional, not risk 2.5k...
By the way-- got lost on HOW ON EARTH "25k A DAY" translates to "250k A WEEK" ?????!!!!!..... (LOL my trading weeks are long ENOUGH with 5 days, trust me ...!)
Otherwise... I found the idea of comparing turnover interesting.
BUT-- how much can you make on that 2500$ "10 times a day" (without leverage)?
1->most traders are fighting for ticks..
2-> and you need to find 10 trades a day, not just to make 10 trades to play..
1->For example on 1 contract of CAC40 about 40000⬠notional am pretty happy when I have done 10 points, ie 100â¬...
With your 2500$ that rate of return per trade per "clip" would translate into 62$, 312$ a week (assuming 2-> you can find those 10 trades a day every day...), ie 1250$ a month..... With your "multimillion business"
Of course I expect the replies telling me that they make much more on a single trade per contract...
Some well may do it.. but most wont..
By the way-- got lost on HOW ON EARTH "25k A DAY" translates to "250k A WEEK" ?????!!!!!..... (LOL my trading weeks are long ENOUGH with 5 days, trust me ...!)
Otherwise... I found the idea of comparing turnover interesting.
BUT-- how much can you make on that 2500$ "10 times a day" (without leverage)?
1->most traders are fighting for ticks..
2-> and you need to find 10 trades a day, not just to make 10 trades to play..
1->For example on 1 contract of CAC40 about 40000⬠notional am pretty happy when I have done 10 points, ie 100â¬...
With your 2500$ that rate of return per trade per "clip" would translate into 62$, 312$ a week (assuming 2-> you can find those 10 trades a day every day...), ie 1250$ a month..... With your "multimillion business"
Of course I expect the replies telling me that they make much more on a single trade per contract...
Some well may do it.. but most wont..
Quote from lemarche:
Oh ok, sorry misread, you are talking about notional, not risk 2.5k...
By the way-- got lost on HOW ON EARTH "25k A DAY" translates to "250k A WEEK" ?????!!!!!..... (LOL my trading weeks are long ENOUGH with 5 days, trust me ...!)
Otherwise... I found the idea of comparing turnover interesting.
BUT-- how much can you make on that 2500$ "10 times a day" (without leverage)?
1->most traders are fighting for ticks..
2-> and you need to find 10 trades a day, not just to make 10 trades to play..
1->For example on 1 contract of CAC40 about 40000⬠notional am pretty happy when I have done 10 points, ie 100â¬...
With your 2500$ that rate of return per trade per "clip" would translate into 62$, 312$ a week (assuming 2-> you can find those 10 trades a day every day...), ie 1250$ a month..... With your "multimillion business"
Of course I expect the replies telling me that they make much more on a single trade per contract...
Some well may do it.. but most wont..
What do you consider an acceptable tick average per trade?
I don t think there is smth like an "acceptable" profit per lot.. it very much depends on your style :
- if you want to have a VERY high win rate ratio, you will be VERY happy with a few ticks.. (and no other choice..)
- if you are aiming for the fences (ie swing trading typically), you have to be confortable with dealing with a relatively LOW win rate, but you will have MUCH higher ticks per winning trade...
- in the middle, you have ID trades..
- if you want to have a VERY high win rate ratio, you will be VERY happy with a few ticks.. (and no other choice..)
- if you are aiming for the fences (ie swing trading typically), you have to be confortable with dealing with a relatively LOW win rate, but you will have MUCH higher ticks per winning trade...
- in the middle, you have ID trades..
Quote from vinc:
jesuz fucking christ !!
are completely positive he was 100 ml heavy and not like 75 or 89 ??
he must have showed you his bank account readouts , lucky you!
how did the encounter go ?? let me guess - he was walking the dog that pissed on your leg and it struck up the conversation
One afternoon I was standin at the general aviation door to the tarmac and Smith of GM neared. He asked how I ID.ed my plane.
I replied that I looked first at the vertical stibilzer coloration. He acknowledged my comment so I said his was red/blue sliced as the vergule.
He said he was interested since he wanted to let his pilots know he could tell they had arrived.
So you get upset if you don't know the details and variance on a 1 digit significant figure and you want to give it two significant figured.
How many compartments do you think there are in an aviation fuel delivery truck?
If someone wanted to go out on the tarmac a little ways instead of being met inside the door, let it happen.
I know you have 100 heavy so why the worry?