Investing $15K to earn 3% per week

Will PT achieve his goal of 3% per week using $15k of starting capital?

  • Yes. 3% per week is definitely doable.

    Votes: 30 47.6%

  • Not a chance. He's nuts and doesn't know anything about trading.

    Votes: 33 52.4%
  • Total voters
    63
  • Poll closed .
Yikes! Got caught up in some chop today. Scratched the 1st trade and caught +10 and +20 on the 2nd trade. I consider myself lucky I grabbed some points in this account today.

If I'm reading my daily chart correctly, we've had two narrow range days so we may see some movement tomorrow. ie momentum break of yesterday's high or low.

I'll look to enter on retracements after a break either way.
 

Attachments

Quote from Cluseau:

Very doable. Keep at it mate!

The people who talk about 3% per month are like myself that probably trade stocks/options and/or manage money and are happy with 3% monthly consistent returns. Futures and trading your own account is much different. The guys i "know" who've spent years perfecting their mini trading have 20-30 point days (ES) at times and at least a handful on most days. Of course some days they eat shit like everyone else eh. But it looks like you have a "sound" discipline although i had little time to read the entire thread. Anyway, my point is listen to yourself and not much else--perhaps the people that have gone through it. Study, refine, and execute--your only job if you are serious about your goals.
More...

I would give you 100k if you could make 3% each week for the whole year on a six figure account.

You ET bs'ers never fail to amaze me. 20-30 ES points a day, get real bro.
 
Quote from PersistentTradr:

Hey folks,

I haven't given up yet. It's summer time and I have a full schedule.
More...

i think people that nit-pick are "A-holes." having said that, i'd "zero out" the vacation weeks - psycholoigically its looks better than the -3% in RED
 
Quote from mde2004:

I would give you 100k if you could make 3% each week for the whole year on a six figure account.

You ET bs'ers never fail to amaze me. 20-30 ES points a day, get real bro.
More...

Chill "bro"--life's too short to be this angry. I'm assuming the author meant 2-3 ES points.

As far as the "3%", I confess, I probably should have used a different title. The 3% was just the result of the trading plan I conjured up and was NEVER the goal. My bad.

The plan was to open an account with $15K and earn an avg 50YM/5ES points per week for the sole purpose of earning supplemental income. If I achieve my goal, great! If not, I'd be happy with a positive return--regardless of the percentage.

Hope this helps!
 
Quote from QQQBALL:

i think people that nit-pick are "A-holes." having said that, i'd "zero out" the vacation weeks - psycholoigically its looks better than the -3% in RED
More...

Yeah I know. I thought about it. But the reality is the account sat idle with no gains (or loses ;-) and I want the spreadsheet to reflect the actual gains/losses in the account.

I just try to stay focused on the specific task of looking for opportunities to earn 10YM pts each day and try not to pay any attention to the results of past weeks.
 
Quote from glassinc:

Hello,

This is a very good example of maintaining your discipline. Though emotionally you didn't trust it, psychologically you were disciplined enough to trust your setup and take the trade. This provided you with a very good risk/reward setup and rewarded it with a nice winning trade. This characteristic along with hard stops, proper position sizing, and knowing your weaknesses, are what separate the successful traders from the unsuccessful.

Maintain your discipline, and your focus. Though it may appear that you shy of your goal on a weekly basis, use a weekly average. Then exceptional weeks will pull up the less than stellar ones, and your goal can be accomplished. However should it not be, don't be discouraged. It is better to aim high and fall short, than to have no aim at all.

Continued success in your endeavor, and with your sons golf.

Good Trading and God Bless!

Kelly [/B]
More...

Thanks for your kind words!
 
You must log in or register to reply here.
Back
Top