Is it possible to make $50 to $70 per day with a 4K account in YM ??
- Thread starter jimmygold
- Start date
Show me a daytrader with a decent risk adjusted return, with solid performance over a long period, who can attract money from investors to really make a career and business from it, and i'll keep it quiet. if people want to screw around trading 3 contracts, fine, thats whats sad. Daytrading simply cant handle the capacity to run a decent amount of money, its a fact, the market depth is not there in a large enough number of markets without incurring prohibitively high levels of slippage.
until then i'll stick with the institutional mandate to manage billions thanks. this means solid risk frameworks, money management, exchange limits, compliance and a hundred other issues that the guy in his garage wouldn't begin to understand.
Institutional Performance is not an argument, since they handle at least 10 million with primary focus on risk management. This means no leverage at all.
A personal account has a different capability when it comes to trading percentages. Everything is available to you and slippage is minimal. Good traders can make consistent triple digit percentage returns, no problem.
You can do 50-60 dollars a day with a 4K account, probably more depending on your strategies and how good they are. 3000%+ on a 4K account shouldn't be surprising, since the percentages are pretty big the smaller the trading capital is.
Hell, I can't trade really worth shit but even I have one setup that would let me get about 20-25% a month with 4K
A personal account has a different capability when it comes to trading percentages. Everything is available to you and slippage is minimal. Good traders can make consistent triple digit percentage returns, no problem.
You can do 50-60 dollars a day with a 4K account, probably more depending on your strategies and how good they are. 3000%+ on a 4K account shouldn't be surprising, since the percentages are pretty big the smaller the trading capital is.
Hell, I can't trade really worth shit but even I have one setup that would let me get about 20-25% a month with 4K
The best independent traders are independent for a reason. They like the freedom it brings, and they aren't well known. Read a few Market Wizard books. But if the trader is really exceptional, if you gave them millions they could do well with that as well. (ie Mark Cook)
Comparing institutions to daytrading independently doesn't really fly. Daytraders manage every facet of their business and have a complete understanding of how their trading works. In institutions, the responsibilities are delegated.
Don't judge daytraders based on institutional standards, and don't judge institutions based on daytrading standards. Daytrading could give you 500%+ on relatively small capital, but a 50% return from an institution that manages millions is nothing to laugh at.
Comparing institutions to daytrading independently doesn't really fly. Daytraders manage every facet of their business and have a complete understanding of how their trading works. In institutions, the responsibilities are delegated.
Don't judge daytraders based on institutional standards, and don't judge institutions based on daytrading standards. Daytrading could give you 500%+ on relatively small capital, but a 50% return from an institution that manages millions is nothing to laugh at.
Apparently we are in the company of many multi-millionaires in this thread - congrats.
Either that or they have the ability and just choose not to use it.
Plenty of liquidity on YM, if the claims about the ease of large returns are true there is no reason why anyone who can do it would not be able to scale into the millions before running into serious slippage problems.
Either that or they have the ability and just choose not to use it.
Plenty of liquidity on YM, if the claims about the ease of large returns are true there is no reason why anyone who can do it would not be able to scale into the millions before running into serious slippage problems.