Is it possible to make $50 to $70 per day with a 4K account in YM ??
- Thread starter jimmygold
- Start date
Has been this thread hijacked by the ânouvelleâ Midas Kings that everything they touch turn into gold? Or What?.
If youâre so successful why bother posting here??? Weâre just trying to give some quantifiable parameters (not just some random delirious comments of superiority) to discuss how much is too much when trading?
Showing off about how good are you at trading (or at basic technical analysis), or how easy is to become millionaire or how brainless are people who have a different trading approach, only deepen my doubts about the veracity of your comments.
If this discussion is going to stay at this level, I stop posting in this thread and let you free to keep âselling unachievable dreamsâ to small traders looking for advice. Otherwise, Iâm happy to keep discussing the subject in a mature, serious and professional way.
jjrvat
If youâre so successful why bother posting here??? Weâre just trying to give some quantifiable parameters (not just some random delirious comments of superiority) to discuss how much is too much when trading?
Showing off about how good are you at trading (or at basic technical analysis), or how easy is to become millionaire or how brainless are people who have a different trading approach, only deepen my doubts about the veracity of your comments.
If this discussion is going to stay at this level, I stop posting in this thread and let you free to keep âselling unachievable dreamsâ to small traders looking for advice. Otherwise, Iâm happy to keep discussing the subject in a mature, serious and professional way.
jjrvat
To correct a couple of points I have made that may have been misinterpreted:
1. institutions certainly do use leverage, but are aware of the level and danger of it. in my opinion 800 percent levered can be okay on bond contracts, with leverage calculated as gross contract value over supporting assets. equity market neutral levered at 800 is on the high side, and FX also. The natural leverage in credit default swap contracts is also manageable, but personally I keep the level down due to continued tightness of spreads. Emerging market assets run lower levels of leverage.
2. I have nothing against short term trading, but believe the commissions are key at this level, and VWAP execuion by Lehman or Goldman becomes as important as the system.
Scalping though and trading rumours and news is a world away from this framework though, and in my opinion is statistical noise.
bear in mind though this is only my view, and the funds I co-manage today dropped over forty million USD, so am always happy to engage in debate with the informed.
(Those in garages need not apply, but thanks for providing my liquidity)
1. institutions certainly do use leverage, but are aware of the level and danger of it. in my opinion 800 percent levered can be okay on bond contracts, with leverage calculated as gross contract value over supporting assets. equity market neutral levered at 800 is on the high side, and FX also. The natural leverage in credit default swap contracts is also manageable, but personally I keep the level down due to continued tightness of spreads. Emerging market assets run lower levels of leverage.
2. I have nothing against short term trading, but believe the commissions are key at this level, and VWAP execuion by Lehman or Goldman becomes as important as the system.
Scalping though and trading rumours and news is a world away from this framework though, and in my opinion is statistical noise.
bear in mind though this is only my view, and the funds I co-manage today dropped over forty million USD, so am always happy to engage in debate with the informed.
(Those in garages need not apply, but thanks for providing my liquidity)
Good comment jjrvat, and I'll take you at your word on that one.
The basic questions was "Is it possible to make $50 to $70 per day with a 4K account in YM??"
... and several traders here have shown the answer to be an unequivocal YES provided you know how to do so, and NO if you don't.
Now if you think the traders who do know how to do so are going to explain what they do to the traders who don't know how to do so, you've got another thought coming ... and if that is what you want, to tell you the truth, I think you're time would actually be better spent with with Purtick.
There, I've said it twice.
Jimmy jam
and indeed to get back on topic, I think that these returns mentioned are of course possible, but I would want anyone new at this difficult business to know that 1 percent a day four out of five trading days is an extremely tough call, I would try and start aiming at three to five percent a month consistently, with standard deviation at an annualised fifteen percent or so. these are stellar figures. i'd also suggest running some stress tests on the portfolio being traded, and see how it holds up under some of these, to focus the mind. depending on level of understanding as well, maybe running costless out of the money puts alongside a long strategy as a disaster hedge.
again, just my two pennies.
again, just my two pennies.
ROTFLMAO
Oh, that one brought tears to my eyes.
Thanks asap, laughing is always a good thing.
***
Making $50 to $75 a day on a 4k account is as far away from managing a multi million dollar account institutional account as the Earth is away from the planet Pluto.
I'm sorry you tools can't see that for what it is, but it's true.
Now, since you don't have anything to teach me, and you're too dense for me to teach you, I'll have to just call it a day.
Good trading,
Jimmy Jam