Quote from Remiraz:
To make $100,000 trading 3 contracts on the ES in 2 years u'll need to make $1390 a month per contract. Or, 27.8 ES pts a month per contract.
Would an experienced trader with a good system be able to make $1390 per contract per month? Or an I overestimating the rewards of successful daytrading?
Quote from mortysill:
I suspect most traders are absolutely fascinated by this behavior. It probably doesn't bear too much analysis. The art of trading boils down to simply recognizing patterns. Some of these can be quantified and some can't.
Quote from guy2:
Well if you break that down further an assume that you trade 18 days per month that's an average profit of 1.54 points per day. Assume that you execute an average of 2 trades per day and the commission on that is 0.2 points (i.e. 0.1 point commission on each trade) then you need to gross 1.74 points per day which is 7 ticks. If your strategy had a win/loss ratio of 50% and you made 4 points for each win and lost 2 points for each loss...
Quote from spike500:
...the profit per trade and the frequency of trading. Most people underestimate the power of the combination of these two factors.
Quote from guy2:
Very true. The law of large numbers says that if you had an unfair coin then by betting on the side with the unfair advantage will have you winning and it's just a numbers game after that.
Quote from science_trader:
I give you a simple example : if you play heads and tails, and get 5 heads in a row, is your probability of getting a 'tail' increasing or is it still 50/50 ?