How Realistic? $50k account, $500 / day

Quote from oldtime:

hey, you want to play "Who's the Biggest Man at the Table"?

Mine goes all the way to Saint Louie!
More...

Do you want to play "the trading whore who sleeps most on the right side of the market with fastest set of drawers?"
 
Quote from AFChao:

Hi everyone,

Was wondering if I could ask the more experienced traders how realistic is it to have $50,000 day trading account, and make $500 per day? I plan to use an alerts type software such as trade-ideas and find a pattern in new daily highs or lows. For those of you who have done something similar, is making $500 / day realistic?

Thanks for any info!
More...


Quote from emg:

Those (SMALL TRADERS) that trade with stop in the futures/commodity market are doomed to fail. I am 99.99% sure, u will lose indefinitely.

Think about it small traders, what is the main reason for the loss or blowing your account? Your stop orders.

Of course, small traders need to place stop due to small RISK capital in the account ($5K. $20K, $50K). Small Traders are taught by 3rd party educational and system vendors to place stop to manage risk and yet they represent more than 90% of small trader lose!! They just lose!!

Force trading, overleverage (trading with more cars) with less capital in the account would make sense to place stop and are doomed. 99.99% u will get stopped out.

Adding to average down is risky if one knows how to do it. Most SMALL TRADERS add to average down/up by every tick or point are doomed to fail and will blow their tiny account ($5K, $10K, $20K, 50K) in no time. THEY WILL FAIL!


Solution:

with $100K minimum in the account and begin to trade 1 car and average down/up 15-50pts against u will minimize risk. For example:


short 1325.00 emini sp 500 on 1 car.

es went against you 20pts. your drawdown is $1000 on $100K account. Is that a lot of heat? U are down only 1% of your account. Is that a lot of heat?

U will go ahead and add and your average price will be 3pts away from the market price. From there u take small profit or loss.

$100K account is equal to $5000 minimum standard to open a futures account and begin trading with 1 car


those that do not have that kind of money should either join the house or should not be trading futures market at all

According to the CFTC:

Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets.

The risk of loss in trading commodities can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.


Remember SMALL TRADERS:

More than 90% of small traders lose. They just lose!!!!


I am looking for the best answers Bring them up!
More...


Quote from emg:

Also, those (SMALL TRADERS) that place stop need to because they cannot managed risk. That is a FAILURE TRADER.


FAILURE TRADER!

Trading is all about mind game.
More...


Trading with stops loss in the futures market is for loser


http://www.elitetrader.com/vb/showthread.php?threadid=222458&perpage=6&pagenumber=1




More than 90% of small traders lose! They just lose!!
 
Quote from emg:

Trading with stops loss in the futures market is for loser


http://www.elitetrader.com/vb/showthread.php?threadid=222458&perpage=6&pagenumber=1




More than 90% of small traders lose! They just lose!!
More...
emg, you crack me up, you call 100k a large trader?

now I know your definition of small trader

5k or less

no wonder you keep losing all your money

hey man, and why you're at it, get a college degree, it couldn't hurt

maybe when you graduate daddy will give you 100k and you can be a large trader
 
Quote from AFChao:

Hi everyone,

Was wondering if I could ask the more experienced traders how realistic is it to have $50,000 day trading account, and make $500 per day? I plan to use an alerts type software such as trade-ideas and find a pattern in new daily highs or lows. For those of you who have done something similar, is making $500 / day realistic?

Thanks for any info!
More...
=======
Much easier to do[gross] that in a day;
than 50 days per month or 5 years.
 
Quote from murray t turtle:

=======
Much easier to do[gross] that in a day;
than 50 days per month or 5 years.
More...
no kidding, more like $500/hr. Waren Buffet complains because his secretary pays a higher tax percentage than him, but on some days, the guy selling him a coke makes more per hour than he does.
 
Yeah...I actually agree with this....it is easier to get lucky with one day..than to consistently make it...

ElectricPutItAllOnRedSavant

Quote from murray t turtle:

=======
Much easier to do[gross] that in a day;
than 50 days per month or 5 years.
More...
 
Quote from Laissez Faire:

:p

===

http://www.elitetrader.com/vb/showthread.php?s=&threadid=64965&perpage=6&pagenumber=1694

Agree.

Kudos if you manage to stick with that. I don`t at all times and it holds me back.

I had a sim short at 09,75 with a 2 tick stop. Glad it was a sim short.

This is exactly the kind of market I don`t like to trade, so I`m going to turn off my computer now and do something more productive.

It`s very tough to read it and next to impossible to enter when there`s no momentum to support anything. Just keeps drifting higher.

I`ve tried picking tops on days like this earlier and it usually goes nowhere.

EDIT: Could we reverse from here? For all I know, which is not much, we can. I just don`t see it yet and I`ve seen this type of day earlier. Beige book could induce some volatility though. The question is: Which way?
More...

attachment.php


I admire your willingness to learn this profession, so i'm going to offer you free advice... take it or leave it, doesn't matter to me either way.

Your 50 posts per day here in this forum teaches you nothing. By your own admission, your own words, you found today's price action a total mystery.

While you and others stared at screens like deer in headlights or worse, selling into an obvious (and after yesterday, expected) trend session, those of us who know what we are doing leaned upside and raked in ca$h from those who lost.

I'd respectfully suggest you invest way more of your own free time studying price action in charts, and way less time wasted inside empty threads like this.
 

Attachments

Quote from austinp:

While you and others stared at screens like deer in headlights or worse, selling into an obvious (and after yesterday, expected) trend session, those of us who know what we are doing leaned upside and raked in ca$h from those who lost.
More...

Exactly what kind of advice is it that you are offering me beyond posting hindsight charts? Posting the good days is easy, can you post your P&L for one whole month or will you stop posting in those threads after the inevitable drawdown like happened last time?

The market is predictable at certain points in time and I did read and call out for 1310 in advance, not after the fact like you do or seem to suggest that I did (deer in headlights).

Quote from Laissez Faire:

Green light for 1310 as long as 1293 holds, IMO. :)
More...

Quote from Laissez Faire:

My hunch is that we don`t pull back that much before the gap fill at least.

97 as a minimum should hold as support, but I think 1300 might hold from here.
More...

Should I post my fills also?

The simulator trade at 1309,75 was a simulator trade because I did not have the confidence to enter with real money. Pity I did not, because that one would have been profitable as well.

I do agree that I should stop posting though. :p
 
Quote from Laissez Faire:

Exactly what kind of advice is it that you are offering me beyond posting hindsight charts? Posting the good days is easy, can you post your P&L for one whole month or will you stop posting in those threads after the inevitable drawdown like happened last time?

The market is predictable at certain points in time and I did read and call out for 1310 in advance, not after the fact like you do or seem to suggest that I did (deer in headlights).





Should I post my fills also?

The simulator trade at 1309,75 was a simulator trade because I did not have the confidence to enter with real money. Pity I did not, because that one would have been profitable as well.

I do agree that I should stop posting though. :p
More...

No just post the the real entries , so u could make real cash
 
You must log in or register to reply here.
Back
Top