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

Quote from sunggong:

This thread is hilarious!

OP asked if it's possible to make $50 to $70 per day with a 4K account in YM.

Of course, idiot pessimists are ready to tell the kid/guy/chick NO WAY.

How do they do this? By literally changing the question OP asked....

"uhhhh, that's about 1.5% of your account. and uhhhhh, that translates to 4000% over a year. uhhhh, soooo, hmmm, no way! absolutely no way!"

Original poster didn't ask whether it's possible to make 1.5% of his account everyday without ever withdrawing any money.

He/she simply asked whether it's possible to make between $50 to $70 per day....
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Yeah, they haven't figured-out how to do it, so they think no one can ...

and they get angry when others say it's possible allright, and then some. :)

Pretty sad, especially Kevin (oh you can only make about $4 a day) Schit, and I'll bet you $100,000 that you can't!

Welcome to 5th grade.

JJ
 
Quote from Kevin Schmit:

Only if you are JimmyJam!

As you, and the others who have offered to take me
up on the bet, have figured out, you can insure a win
in the bet account by using your main trading account
to hit the trading account's low bids and lift the trading
account's high offers. You could probably transfer $15k
in this fashion in a day, why wait a month?

I offered the bet to JimmyJam because I knew he doesn't
have an account with $15k in it to paint the trades with.
Nor does he have $100k to escrow. As another poster
ponted out, none of these Internet escrow bets get done.
The best I have ever been able to do is to goad another
poster into hitting a way-below-fair-value option bid.


You are full of smug arrogant crap!

.
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Quote from asap:

of course it is possible for a couple of days or months. maybe during a extended bull or bear market as we are seeing from 02 onwards.

but no one is able to get such return consistently years and years over covering all sorts fo market conditions without going bust at some point.

1.5% per day translates into over 4000% year. such return is only achievable at expense of an overwhelming risk of ruin. most optimists here probably are used to the trend in the ym since last july and hence think this will keep forever, but they are wrong, their forecasting capabilities will soon come to an end and market will teach them lesson sooner than later.

i am returning around 30% per year for the last 18 years and only had a down year so far. but, if i had aimed at 100% return per year (with the subsequent risk) instead, i would be bust many times by now.

so think about it. does these guys at top hedge funds that have tons of brain power and unlimited computing power are missing the big ym scalping opportunity, or is quite the other way around?
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30% annual trading what? Making 1.5% (average) consistently trading futures is not hard. But yes, you do need to be disciplined trader. If you were a disciplined futures trader you'd know that 1.5% is not hard to do. No offense.

As for this hedgie comparison... it's a BS argument. Hedgies, institutionals, etc do not day-trade. Due to size, they cannot move in and out in a nimble fashion. The same applies to a retail futures day-trader with a large account. Concentration in one market becomes difficult. Best to re-balance account when concentration adds rather than decreases risk.

BTW; 1.5% daily is not 4000% annual. The widely recognized calculation is based on 20 trading days a month, 220 trading days per year.
 
Quote from deviltrader:

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
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Finally some good advice on the subject!
 
Quote from johnk49:

You are completely wrong about QuoteTracker.I trade for a living and have a large account with IB and I can tell you QT is as good,if not better,than any other software.Dont let snobbishness distort your view.


Yes it's possible to make $50 a day with 4k,just as it is possible to make $500 a day with 40k.Even if he blew his 4k so what?In trading it's not a lot of money and the experience would be invaluable.At least he's not asking if he could make 1k a day with a 10k account which a lot of people try to do.
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I agree with Johnk49 and Jimmy Jam.

Quotetracker is awesome software.

I believe it's possible to make $50 a day on ym with 4k if you already had the experience. However, it would be easier to do if you traded 2 contracts, because it is unlikely your first entry will be correct. Having a second contract to trade makes a big difference.
 
Quote from osorico:

BTW; 1.5% daily is not 4000% annual. The widely recognized calculation is based on 20 trading days a month, 220 trading days per year.
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So the correct number is 430%?

=(4000+60*220)/4000

Still an eye-popping number and the kind of return that would allow one to become a millionaire fairly quickly before any slippage issues due to trading size became a problem in YM (note that I am not making a "would own the planet in XX days if compounded" argument here)

Sorry, I'm in the "possible but very very unlikely" camp myself.
 
Quote from GTS:

I don't understand how you could do this efficiently - you would have to clear out all the standing bids/offered
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There are times when the YM futures options, for example,
are very quiet. At such times, even though they are open
for trading, there are no bids to clear out. Last night I was
the only bid in the Apr 12800 puts, at a number far below
fair value. It would have been easy for me to hit my own
bid from another account. This morning, when both positions
were marked to market, the transfer would have been
effected.

.
 
Quote from Kevin Schmit:

There are times when the YM futures options, for example, are very quiet. At such times, even though they are open for trading, there are no bids to clear out. Last night I was the only bid in the Apr 12800 puts, at a number far below fair value. It would have been easy for me to hit my own bid from another account. This morning, when both positions were marked to market, the transfer would have been effected..
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Errr, ok, but we are talking about YM futures trading here, not YM future options - are we not?
 
Quote from JimmyJam:

Some of us here are talking trading
You're talking shit.
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For you JJ, the offer is still open.

Don't make unsupportable claims, and you won't
be called out.

.
 
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