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

[murray t turtle]

Quote from icarus618:

Sorry guys, I'm not buying what you're selling. If LV 4 bd 3 ba houses are going for $200K, then that's what they're worth right now. It doesn't matter what a 4 bd 3 ba house is going for in NY or CA. Location, location, location.

In any case, I'm looking for something I can leave unoccupied for 2- to 3-month stretches. It looks to me that prices for condos along the strip are flattening out. I'm not familiar with the market though so I thought I'd ask ET's most famous LV resident. Thanks anyway.

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$600,000 ask;
$200 k bid.

That sounds like more of a bear market [REALTORS call them/nick name them '' buyers markets ,LOL'' ]

Plenty of buys in a buyers market;
especially in ''sand states''

I learned a new name for a sideways slop trend;
courthouse appraisal service calls it a ''static trend'' I had to look that one up in Websters dictionary.

 

[clearinghouse]

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!

If you can get 20x leverage on 50k and have a small diversified portfolio of trading strategies, you can do $500/day; however, you will need a prop fee structure, some speed, and the emotions of a robot -- or an actual robot trading your money.

 

[oldtime]

well, I figured it out (due to the fact that I got a little greedy today and lost a whole nights work in about two hours.)

For the first 6 months in 2012 trading nothing but forex, my return based on 5 days a week comes out to .2% per day

so on a 50k account that would be only $100 per day

but I am old and very conservative

If I was young and had a family to support I would trade closer to margin and then the return would be .4% per day

bur that doesn't mean everyday I have a profit. It is not uncommon to spend many weeks under water, and then fantastic profits for a few days

but averaged over 6 months, it comes to .2% a day

wish I would have considered that this afternoon

 

[ocean5]

I could trade it for you.You keep $500 a day for yourself and wire the rest of the profit to my bank account every week,and you pay me a bonus every month to the tune of 15% from those $500 a day,which is $75 a day~~ $1500 a month.This is how realistic all is.

 

[oilfxpro]

Quote from ocean5:

I could trade it for you.You keep $500 a day for yourself and wire the rest of the profit to my bank account every week,and you pay me a bonus every month to the tune of 15% from those $500 a day,which is $75 a day~~ $1500 a month.This is how realistic all is.

It show what this forum is full of.If you could do it , you would be a billionaire.Now F O YOU F I.

WITHIN 5 YEARS YOU WOULD BE A BILLIONAIRE!You sound like this trader.


http://www.youtube.com/watch?v=85lpWoESHUM

 

[sheda]

It show what this forum is full of.If you could do it , you would be a billionaire.

Really? If you could consistently bag 50 pips a day on forex or something with one contract you would be a billionaire now?

You can tell the low end traders a mile off, clueless to the issues or liquidity, how ever I do agree that if you could bag 50 pips consistently, there's no way you would be doing it for someone else

 

[DimoDD1]

Quote from FreakofNature:

It is far from realistic as only a small portion of EXPERIENCED traders can do it.

Of course this is about the experienced traders, not about someone with 3 months screen time, who doesn't even know yet what bid and ask are.

You can achieve a lot more than 500$ with 50K.

 

[oilfxpro]

Quote from sheda:

Really? If you could consistently bag 50 pips a day on forex or something with one contract you would be a billionaire now?

You can tell the low end traders a mile off, clueless to the issues or liquidity, how ever I do agree that if you could bag 50 pips consistently, there's no way you would be doing it for someone else

Liquidity issues?You can really tell clueless dingbats who can't solve problems of liquidity in a billion $ market.

 

[oldtime]

yes, but when it comes to scaling up, liquidty issues aside, the real issue is all these trading strategies run the risk of total ruin.

If I had 10 million dollars, I might trade one million

If I had 100 million dollars, I might trade one million

 

[oilfxpro]

Quote from oldtime:

yes, but when it comes to scaling up, liquidty issues aside, the real issue is all these trading strategies run the risk of total ruin.

If I had 10 million dollars, I might trade one million

If I had 100 million dollars, I might trade one million

Now , another expert on all trading strategies telling all and giving a grand opinion , does he have an idea about all hidden strategies not discussed publicly or written about in books?

It is the known strategies , where 95% of traders using them fail.