how to answer this questions?
- Thread starter 0008
- Start date
didnt your mother tell you if something sounds too good to be true it probably is.
Quote from 0008:
A friend of mine asked me if he uses 10k to trade one emini NQ, then he only needs to make about 2.5 point per day to make 100% return per year. It sounds quite easy. But it also seems not many people can achieve it. How should I answer him?
Let the market explain it to him ...
With good ranges it is easy to make 2.5 points a day.
The trouble is that it's even easier to lose more than this.
I go with A, let him try and let the market explain how things really work.
The trouble is that it's even easier to lose more than this.
I go with A, let him try and let the market explain how things really work.
Quote from 0008:
A friend of mine asked me if he uses 10k to trade one emini NQ, then he only needs to make about 2.5 point per day to make 100% return per year. It sounds quite easy. But it also seems not many people can achieve it. How should I answer him?
Just tell him a person named aphexcoil could turn $5000 to 1 million in 18 months :eek:
Edit - Here's the thread
http://www.elitetrader.com/vb/showthread.php?s=&threadid=7927&highlight=500
Quote from 0008:
A friend of mine asked me if he uses 10k to trade one emini NQ, then he only needs to make about 2.5 point per day to make 100% return per year. It sounds quite easy. But it also seems not many people can achieve it. How should I answer him?
Suggest that he paper-trade it for a week. He'll figure out the answer for himself.
--Db
he only needs to make -2.5 point per day to make -100% 
Quote from 0008:
A friend of mine asked me if he uses 10k to trade one emini NQ, then he only needs to make about 2.5 point per day to make 100% return per year. It sounds quite easy. But it also seems not many people can achieve it. How should I answer him?
Sometimes it seems that way, but as a mother I know better.
Mother is NOT always right. The list "sounded to good to be true" and turned out TO BE TRUE is endless.
Of course, proceed with caution, but proceed. Be careful of greed. If you make your 2.5 points a day regularly, then maybe you'll want, 3, 4, 5 ...?
Of course you may want to rethink 100% a year if spending the time daytrading. that is a rather low objective for the time committed
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