How much % a day is possible.

How much do you make a day on daily basis?

  • I lose money

    Votes: 29 24.8%

  • 0-100

    Votes: 20 17.1%

  • 100-250

    Votes: 14 12.0%

  • 250-1000

    Votes: 17 14.5%

  • 1000+

    Votes: 37 31.6%
  • Total voters
    117
Quote from jack hershey:

Here are some examples:


For 10 contracts of the ES, I make 10 times 17 points times 50 dollars. This is about 8,320 dollars. At the beginning of the day I have 32,560 in the account for ES. So I look at it this way. I divide the 8,320 by 32,560 and then multiply by 100 to get a percent. On my 10 B hp I am reading 25.55%. This is a real number for me in the sense that I had 32,560 in my account and now it is 25.55% bigger after making the 17 points.
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That's quite an example you chose to give. Are you suggesting that you typically make 17 points per contract per day in ES? And that you make about 25% a day on your capital trading ES in the normal course? Or is this just a cartoon example presented for illustration purposes only? Do tell.
 
Quote from ElectricSavant:

Is the basis for your decision to move, predicated on the now? or what you can move it into?

You are, very skillfuly, asking the cardinal question for making the best use of time for given capital. It is predicated on NOW as you say. That is my view of the only thing I have to work with. The issue is that I have timed my entry and I am in and as time passes I am not getting the result that I need. this happens about 1 out of 8 times for me. But it is true that I have several things going on. I have streams of money and they each have stocks lined up in a batting order, usually three deep. And I have pinch hitters sitting on the bench. A batter strikes out so to speak and I have another ready to step up.

It is also true that I am watching for "opportunities". An opportunity is there becuase of how I do prep before the market opens. for me it simply comes down to looking at thre lists where the lists are sorted in real time according to the leading indicator of price. The cream rises to the top as every minute passes. Price moves subsequently.

The decision to move is not too dramatic. It is very slow motion in the sense that I have a display that is very very fine tuned. It comes down to using the est parts of several feeds and coding data into boxes that talk to me visually.

The key stuff for making decisions is on sheets of paper covered in plastic. Since I made up the sheets (or others teamed with me to do it), I am familiar with them and how to make the comparisons.

If the now is not performing, is that the trigger?...or is "what I can move it into is better" the trigger?

yes it is both. I work in the order you tryped. there is th consideration (above) of is the entry doing what was expected. I believe strongly in divorce and not stock therapy with a psychologist. ff I see a barn burner ("rocket") and I am in the later period of another trade, I deal with it right then and there. The impact of sing this kind of reasoning is that it can double your performance. The basic concept of just comparing best buys with worst holds is a phenomenal consideration. there is no boredom in trading streams of capital. you can see that the concept of drawdowns is a myth of trading when you are working in this manner.

for the humor of it, the volume sorting column on Qcharts is labelled "unusual volume". You can see that the designers and marketers of platform are estranged from trading to make money.
I would have named the column the "double your cash flow" column.

Do you scan and look for the fresh money? and then do you evaluate your opens...or vice versa?

I do not have cash available ordinarily. The basis of this is that you have to have capital in the markets where price is changing to make money. So I am a person who is looking at several things. FINDING CAPITAL IS FIRST. Grub grub.

I have very strong early warning systems as well. Several really kille inventions that cam from years and years of observations. I am an engineer type grind or nerd. They come in three categories: interrletaing variables (scoring); making sequences of the cyle appear (knowing where you are, knowing what is next, and knowing how fast things are sequencing) and calibrating everyting invented to work in the contemporaty market (this includes making up signals)

So I can do a weeks trading arrangements on Sunday evening. People who have been with me can verify this in spades. If I were playing tennis with Stevie Cohen he would lose the games lol. There is documentation as well.

So I have a signal for early warning. Then I have a leading signal of price. Then I have price performing. Since I have the batteing order before these signals are coming up, I am in a good place. Then there is the automated part of all of this.

I just wish everyone did all of this all over the world.

Liz drops in once in a while and says "did you se that?" It is so much fun.

How does your analysis differ in a bear market?

No not really. I do concern myself with more than the "natural" cycle of a few days for the long. And it is true that short trading (not mentioned in ET so far) makes more money than the long trading. The short and intermediate term channels are important to draw. They keep you away from the edge of the earth and they also tell you when you have a Babe Ruth moment coming up. When an IT, ST and natural cycle converge, home runs are hit on the breakouts. The familiar rocket with JATOs on it.

Michael B.

I just move money from one thing to another periodically and the basis for this movement is that the markets have limits for making money and I can only watch so much at any time.
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You can't imagine how much fun it was to see your enquiry. what a delight.

thank you so much.
 
Quote from lescor:The good, consistent traders do not take big swings. They chip away and keep the losses small. What seems like "abnormal returns" to you is possible by tight risk control and smart use of leverage. Yes, these guys might trade 10 or 20x their capital at times, but they they still bear all the risk and keep it in line with what their equity can handle.
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So the smart guys don't take big swings but (!) they go 20:1 at times because they're able to outsmart the market and know exactly when to leverage their account out to the sh**house and when to play it safe.

I do not know what you mean by saying that I have an "investing mindset", all I know is that I love preserving my capital.

"Abnormal" returns to me are X% with drawdowns < X/3% after commissions and cost of capital. My hat is off to anybody achieving that or better on a consistent basis (Y after Y after Y) because this means you're doing better than most by a large large margin.
 
Quote from taowave:

maybe i am missing something..

x = starting balance
y=profits

Did you mean to write Y*100/x ??

If you made 5000(y),and you started with 100,000(x),wouldny you just divide X into Y..Dont understand why you multiply by 100...

I do get your point....

Am i correct that you are NOT leveraging your capital in stock trading??? It appears some day traders trade on 20-1 margin.
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This is a difficult thing to explain. As you can see the flaming is already beginning.

Often people work in precentages. To do this it takes some moifications of the answer if you do not want to just have the decimal eqivalent of the ratio of the fraction.

By mutiplying by 100, you move the decimal point two places to the right and you hve a "precentage."

I did want to be helpful and I knew before hand that it would read to a lot of flack (not from you but from others)

I was just explaining what I do and not saying that anyone else has to be like me in any way.

It is my belief that if people really focus on what is going on in the markets, they get to a point where they see a lot of potential for making money.

Occasionally, they take this new belief and turn it it behavior.

What I hope for also is that people begin to look at why they are in the drawdown busness. It represents lost time, primarily. And it is not a good idea to be losing money at any time.

The percentage calculations on all of this stuff is the first step in becoming able to see what is there for the taking.

Percentages are also good for doing self-evaluation and making observations on skill level rates of increase.

The OP of this thread is really in the dark on most of this at this point. further, he actually has the belief that he is studying this and that from one viewpoint or another.
 
Quote from taowave:




snip....

Am i correct that you are NOT leveraging your capital in stock trading??? It appears some day traders trade on 20-1 margin.
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I felt that just beginning the conversation at some level would make it possible to go into more detail later.

I do not day trae stocks except for "slush" money. That is money that is in my accounts that is leftoverr from streams of capital.

People who day trade are using leveraging as a rule and especially if they are scalping. I often check to see in the P/L thrad how a person is doing. Most often the prints are incomplete so no percentage can e made.

Here is an example: A person made 5,000 + dollars and he traded 250,000 shares. This means he made .02 dollars or 2 cents a share traded. This is a method of doing somehing day after day. He may be leveraged since he is scalping. He has achieved having an account that can make 5 to 20 thousand dollars a day. This is a wonderful achievement and he can withdraw profits day after day for other applications and for his life style. What he does is make money through price change over time. We all do and we do it in different ways. So we cannot give a percentage of profits on this account because we do not se the information posted. We just see the bottom line and the # of shares traded. Both of these number allow scalpers to compare themselves to others and to self checking.

I do have margin in my account. And I have a credit card too. I use neither as a rule. Why don't I? It is not my style for stocks and I never did. One thing I did early in my trading was take out all of my original capital. So all my calculations nowadays are on money that is profits only. This is OT but it does point out how a person can trade and not feel that he can ever lose. I lose frquently ut only very small amounts and the loss is money that came from profits only.

To do calculations, when you are leveraged, you will see that you make larger precentages than when you are not leveraged. The index trading shows that in the example.
 
Quote from Thunderdog:

That's quite an example you chose to give. Are you suggesting that you typically make 17 points per contract per day in ES?

No I do not make 17 points a day per contract, typically. I have a standard that is tied to the potential that the market offers. the market offers differing amounts as the days pass. There are two effeects of this: how much money I can put in the market and how much that money in the market is going to be yielding to me.
Perhaps you have copied and printed the three sheets I posted on the market potential for ES. They may be helpful to you in some way. I also posted a zig zag drill for people to consider doing. It also helps a person find out the potential the market offers. All of these things will help you consider and understand why I do not typically, make 17 points a day per contract.


And that you make about 25% a day on your capital trading ES in the normal course?

No, in the normal course, I do not make 25% a day on my capital. By not being all in (market's dictate) I was not making a yield I do in the normal course.

Or is this just a cartoon example presented for illustration purposes only? Do tell.

My cartoons for publication are limited to the environental field, they orient to a Far Side viewpoint.
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Let's see now... Stevie Cohen is self made, started trading in 1978, and is currently worth $3 billion according to Forbes. You post endless drivel that doesn't test out here and elsewhere on the internet, and you've been doing so for years. How incredibly delusional.

Quote from jack hershey:
So I can do a weeks trading arrangements on Sunday evening. People who have been with me can verify this in spades. If I were playing tennis with Stevie Cohen he would lose the games lol. There is documentation as well.
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Quote from Trader666:

Let's see now... Stevie Cohen is self made, started trading in 1978, and is currently worth $3 billion according to Forbes. You post endless drivel that doesn't test out here and elsewhere on the internet, and you've been doing so for years. How incredibly delusional.
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Trader666,I am no Jack Hershey groupie,but I have followed Spyder Traders P&l pretty closely.His first year,he knocked home 100% unleveraged.Granted it was on small size on small cap names,but to his credit he did go long and short..

I am as skeptical as the next person.I also find it hard to believe someone could produce 200%+ returns without leverage,but for whatever reason,I believ Jack speaks the truth...
 
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