Is it possible to make $50 to $70 per day with a 4K account in YM ??

[Pekelo]

Quote from HiFreekTrader:

I think it is not possible and I'll explain why.

OK, for a start, you are trying to prove a NEGATIVE, we only need 1 person/account to prove you wrong...

If there were just one account making 1.5% a day over long time, the broker would not pass such an opportunity to advertise its business.

Except that it is ILLEGAL for a broker to disclose any of its costumers' accounts. Hello???

There are no such billboards. Therefore, there are no such accounts.

I have never seen a black swan (actually, I did), therefore black swans don't exist...

 

[jjrvat]

Quote from JimmyJam:

OK, OK.

Let's change the quote to "when the stats are provided by guys who don't know how to day trade the YM emini, yeah, I'm pretty critical of them".


Is that better for you, Mr. 30% per annum?

Laughing my ass off.
***
No seriously, just admit you don't know what the hell you're talking about, leave it alone, and go back to your 30% per annum, secure in the knowledge that you're outperforming the majority of the non-leveraged stock investors ... :eek: .

Jimmy Jam

JJ,

From your attitude, you surely are outperforming the majority of traders and investors in the world. Let me first congratulate you and wish you can keep trading like Soros for the rest of your live.

For the rest of us, the “losers” that can’t make 300% a year, its always good to keep sharing ideas and experiences that can make us better traders.

jjrvat

 

[JimmyJam]

Quote from osorico:

Geezus, JJ is right... you guys are tools!

As of 10:27 est,
5 trades, 20 contracts total, average 8pts NET per car. Total of 17min market exposure. You do the math.

I'd post my blotter but why? I'd only be accused of photoshopping it. Same result as me merely stating the results but without copy/paste work.

Have a nice day.
Osorico

Osorico, what's up m'man?!!

Damn that's good trading, playing the intra-day game the way it should be done.

I caught the early ES continuation up move for 2pts, (after calling for a bottom over at the old homestead) then I got Long the YM @ 12830. I could have taken 20, but I only got 10pts YM from that one. Because I wanted to hold for even more (yep, greedy) but seeing as it's finding strong resistance at the 61.8% fib retrace of the Gap Down, and the indicies and internals are mixed, there's no point in turning my green to red (ah, psychology is such an important part of this game).

We'll revisit after lunch.

Good trading,

Jimmy Jam

P.S. For all you mathematicians, that's $150 bucks per car, after commissions (uh, more than twice $60 ... and I only use 2k per car).

 

[JimmyJam]

Quote from jjrvat:

JJ,

From your attitude, you surely are outperforming the majority of traders and investors in the world. Let me first congratulate you and wish you can keep trading like Soros for the rest of your live.

For the rest of us, the “losers” that can’t make 300% a year, its always good to keep sharing ideas and experiences that can make us better traders.

jjrvat

Please see above, and actually, on a contract per margin basis, Osorico has me beat.

JJ

 

[Cavendish]

I never understand why people trading on these posts don't do same basic research on what is achievable. They make themselves look like fools from the second they say its easy to make 1% a day consistently for years.

Do people really think that the 100 phd's sitting researching hedge funds all day every day to kick out a compound annual rate of return of 15-20% on a vol of 15%, making a sharpe of 1 are fools, who can be out-traded by a kid with a free data source daytrading the eminis. absolutely ridiculous.

the best hedge funds in the world cannot do this.

let me repeat. phenomenal performance for trading consistently over multi year periods is upwards of 20% a year, with a vol of half that. institutions can barely manage this. is a kid with 4k and his dads internet connection sitting in his garage really going to make a better go of it.

it shows why so many people fail at this business, and are not institutional quality.

 

[JimmyJam]

Quote from Cavendish:

I never understand why people trading on these posts don't do same basic research on what is achievable. They make themselves look like fools from the second they say its easy to make 1% a day consistently for years.

Do people really think that the 100 phd's sitting researching hedge funds all day every day to kick out a compound annual rate of return of 15-20% on a vol of 15%, making a sharpe of 1 are fools, who can be out-traded by a kid with a free data source daytrading the eminis. absolutely ridiculous.

the best hedge funds in the world cannot do this.

let me repeat. phenomenal performance for trading consistently over multi year periods is upwards of 20% a year, with a vol of half that. institutions can barely manage this. is a kid with 4k and his dads internet connection sitting in his garage really going to make a better go of it.

it shows why so many people fail at this business, and are not institutional quality.

LOL

 

[osorico]

Quote from Cavendish:

I never understand why people trading on these posts don't do same basic research on what is achievable. They make themselves look like fools from the second they say its easy to make 1% a day consistently for years.

Do people really think that the 100 phd's sitting researching hedge funds all day every day to kick out a compound annual rate of return of 15-20% on a vol of 15%, making a sharpe of 1 are fools, who can be out-traded by a kid with a free data source daytrading the eminis. absolutely ridiculous.

the best hedge funds in the world cannot do this.

let me repeat. phenomenal performance for trading consistently over multi year periods is upwards of 20% a year, with a vol of half that. institutions can barely manage this. is a kid with 4k and his dads internet connection sitting in his garage really going to make a better go of it.

it shows why so many people fail at this business, and are not institutional quality.

The fund/phd/institutional argument is dead. They don't/can't effectively trade intraday. And if they can/do, the percentage return is insignificant in reference to total portfolio value.

And who said they want to be "institutional quality", whatever the hell that means? Geico TV ad quote... "So easy a therapist can do it."

If you say so, it is.
Osorico

 

[nkhoi]

well, said, it's apple/orange argument. conventional wisdom at its best.

 

[asap]

Quote from JimmyJam:

Osorico, what's up m'man?!!

Damn that's good trading, playing the intra-day game the way it should be done.

I caught the early ES continuation up move for 2pts, (after calling for a bottom over at the old homestead) then I got Long the YM @ 12830. I could have taken 20, but I only got 10pts YM from that one. Because I wanted to hold for even more (yep, greedy) but seeing as it's finding strong resistance at the 61.8% fib retrace of the Gap Down, and the indicies and internals are mixed, there's no point in turning my green to red (ah, psychology is such an important part of this game).

We'll revisit after lunch.

Good trading,

Jimmy Jam

P.S. For all you mathematicians, that's $150 bucks per car, after commissions (uh, more than twice $60 ... and I only use 2k per car).

so what?

anyone can do that. even mr. 30% per annum.

 

[osorico]

As of 12:40 est,

18 trades, 72 contracts total, 7pts NET per car, 1hr 12min total market exposure.

FWIW; 4 contracts per trade, $500 intraday margin per car = 2K cash in account required for each trade. Anyone care to speculate the actual size of my account and argue whether or not Im taking on too much risk? Here's a clue... my self imposed max size is 12 contracts per trade.

Osorico