Is it possible to make $50 to $70 per day with a 4K account in YM ??
- Thread starter jimmygold
- Start date
Ok JimmyJ, prove it. I'll fund the account at 4k. You trade
it for one year, 250 days, no compoundng. You and I each
escrow $100k. If you have averaged $60 or more a day
for the year, you get the $200k, otherwise I do. You can
also keep whatever is left in the trading account, whether
you win or lose.
Time to show us what you can do! Get off of your Dad's
paper trading account at IB and swing real money! Think
about it, this is your big chance!
.
If you're aiming for $60 per day, there's a 100% chance you will clean out your account within several months.
$60/day is 4200% pear year compounded. Suuure, that's realistic.
Better to spend the $4k on strippers, at least you'll get some fun out of it
$60/day is 4200% pear year compounded. Suuure, that's realistic.
Better to spend the $4k on strippers, at least you'll get some fun out of it
Here's a little inspiration:
5k a month on 20k
JJ
P.S. Once you get the technicals down, trading is pretty much a psychological game. It's very important that you stay focused and positive. In other words, don't listen to the people who haven't figured-out how to do it, because they don't belive it's possible ...
So only listen to the traders who have.
5k a month on 20k
JJ
P.S. Once you get the technicals down, trading is pretty much a psychological game. It's very important that you stay focused and positive. In other words, don't listen to the people who haven't figured-out how to do it, because they don't belive it's possible ...
So only listen to the traders who have.
when setting objectives, it all comes down to realism. if one sets a $60/$4000=1.5% profit target per day, then it is doom to blow out. Professionals make around 50% a year with max DD close to 15% and no risk of ruin. Obviously, those pro's could return 100 or 200% instead, but only at expense of having unbearable risks of ruin and unacceptable DDs.
so, if you really want to seriously manage an account try to establish risk reward parameters that allow you achieve a profitable track record in the long run, not in a week, month or even year.
I understand that since $4K is just peanuts, the trader is compelled to take additional risks so she can grow the account value ten fold, before applying sound risk management principles. I guess that's OK, but keep in mind that, making 1.5% each and every day for a extended period of time is as difficult finding a needle in a haystack.
so, if you really want to seriously manage an account try to establish risk reward parameters that allow you achieve a profitable track record in the long run, not in a week, month or even year.
I understand that since $4K is just peanuts, the trader is compelled to take additional risks so she can grow the account value ten fold, before applying sound risk management principles. I guess that's OK, but keep in mind that, making 1.5% each and every day for a extended period of time is as difficult finding a needle in a haystack.