How much % a day is possible.

[makloda]

Another way of looking at it:

1. +50%
2. + 50%
3. -50%

is < than

1. +5%
2. +5%
3. +5%

 

[Thunderdog]

Quote from SethArb:

look ... this is all relative

I believe this subject has been discussed before

example

account A ... makes 1% a day

account B makes .05 % a day

which account would you rather be ?

if account A is a 100 K account ... then 1 % of that a day is approx 1K nice !

however if account B is a 1M acct ...

this account is making 5K a day

Hmm. Unless I'm mistaken, Account B will only make $500 a day. But even if it were $5,000 as you say, I think I'd prefer Account A if it can be readily compounded.

 

[jack hershey]

Quote from Thunderdog:

Hmm. Unless I'm mistaken, Account B will only make $500 a day. But even if it were $5,000 as you say, I think I'd prefer Account A if it can be readily compounded.

lol....

 

[ByLoSellHi]

Quote from rateesquad:

Well, I decided to find out by having this thread how much traders think they can make on daily bases.

My thought.

If you are day-trading equities. I suppose it is quite possible to make 1% a day. So, if you start of with 25,000. It is around 250 profit a day.

For forex, I suppose it s possible to make 8-10 pips a day. Assuming you trade Eur/usd with 2 pip spread. With 26,666 dollars. Assuming the spread is 40:1. That would be only 20 dollars a day.

Now for futures, Assuming you trade ES. Buying only 1 contract at a time. With commision being 5.00 a round turn. And profit of 12.5 a tick. Now in my view it is possible to have a return of at least 10+ ticks a day. Assuming that you trade frequntly to have that goal. You have 2 trades to make that goal. So thats profit of 125 with overhead of 10. Net profit would be 115.

Now thats my believe.
How do you do?

The real question is not how much per day, but how consistently.

If you made 1% a day consistently - and assuming, for the sake of my example, that the 1% included your losses - you'd make about 250% per year, and you would be the most sought after hedge fund manager on the internets!!!

 

[IronFist]

As I understand it, trading strategies for big funds are different than for smaller funds.

So, some guy trading at his home on a $50k account could do 1% a day.

A hudge fund manager trading a $50M account could not do 1% per day.

Am I on the right track here?

 

[rateesquad]

Quote from IronFist:

As I understand it, trading strategies for big funds are different than for smaller funds.

So, some guy trading at his home on a $50k account could do 1% a day.

A hudge fund manager trading a $50M account could not do 1% per day.

Am I on the right track here?

Precisely my pi0nt. If you go to the beginning of the thread and read the starting amount of money, you would understand the point.

Let me tell you this again.

Equities..........start with 25000 make at least 1% a day.
Forex ...........start with 26666 make 10+pips a day with leverage 20:1
Futures........trade only one contract.

 

[OddTrader]

Quote from Thunderdog:

Well, this may be a tad off topic, but what the hell. Please consider this post a clarion call to system vendors everywhere. I'm looking to buy a trading system. In the normal course, I would want to double my money every couple days or so, but since I can devote only about five minutes a day (and not all at once) to this enterprise, I am willing to consider a more sedate and plausible rate of return of approximately 100% per week. To be compounded, of course. So, as you can see, I am not looking to get rich overnight. I simply wish to trade my way to financial infinity in the fullness of time. I cannot emphasize enough how vitally important it is to set reachable goals in order to achieve them.

According to the spirit of this thread, that's possible, probably. LOL.

 

[trendtech]

I don't understand the point of this poll. It's obvious that majority of traders participating in this forum don't make any serious money in trading. I don't think anyone who can consistently make $1000+ a day in trading would be wasting his time in this forum. Not long ago there was a thread asking who is trading for a living. Only a handful replied yes. Today in anonymous poll 25% claim to make $1000+ a day in trading real money.

 

[Fredrik_Trader]

Quote from Thunderdog:

... I am willing to consider a more sedate and plausible rate of return of approximately 100% per week. To be compounded, of course. ...

ehhh

100 % per week..

you must be joking,

be realistic!

its 1500 % per month (4 weeks)

its 4,5*10^17 yearly (52 weeks)

good luck, youll need it

 

[Trvlwanderer]

Investment account:

Trading Account (daily):
50K base.
All profits moved to MM account or IRA/Investment account at end of month.
Losses to the 50K set the objective for the next month. Have spent a month regaining a $1000 loss.

Protecting the base is the highest priority beyond adhering to the system.

The base is there to generate additional cash flow, not for compounding.

The base allows for well over 1.5 million $ in trades per year. Tiny percentages for the trades, good percentage for the base.

My "retail" $.02