My IRA performance for 2019

[piezoe]

"I’m convinced 98% of ET traders trade 5 figures or less. This guy is is in the 2%. Looking forward to this."

There is no shortage of day traders trying to make a living on ridiculously small accts and ludacris expectations, this crowd is the fish food.

It seems that plenty on here work full time or retired, for those into their 30's a 6 digit acct is the norm, not the exception. For the profitable full time traders @ ET I would sure hope they are crushing the working stiffs, otherwise why assume all the risks with trading 4 a living & lose all the cushy job perks?

Fidelity's metrics in Q4 2018: (This is only their 401k - not including IRA's & taxed accounts.)

• 10-year account balances reach record levels. Individuals who have saved in their company's 401(k) for 10 years had a record high average account balance of $290,100 at the end of Q1, compared with an average of $250,500 a year ago.
• 15-year account balances up 9 percent. Individuals who have saved in their company's 401(k) for 15 years had an average balance of $379,600 at the end of Q1, up from $330,200 a year ago.
• 401(k) millionaires increasing. The number of people with $1 million or more in their 401(k) increased to 157,000 at the end of Q1, a 45 percent increase from Q1 2017. Based on Fidelity's internal analysis4, most 401(k) millionaires have been saving for about 30 years.

https://www.fidelity.com/about-fidelity/employer-services/fidelity-announces-q1-2018-retirement-data

These all say at the "end of Q1." Where were they end of Q4 2018?

 

[Palindrome]

Destriero,

Do you mind if I post my weekly results From IB (same format) as a very friendly competition?

My account is not small, so this is "Real Trading" with "Real Money" I promise that.

I think some competition would add a nice layer to this thread.

If you don't want me to post, say the word.

As a kicker.... you have a head start YTD:

 

[destriero]

Sure thing.

 

[destriero]

Gotta Chase ES long here at 96.25. Shorting vol and buying deltas and futures here. Down a buck today on the IRA.

 

[qlai]

Gotta Chase ES long here at 96.25. Shorting vol and buying deltas and futures here.

So you are not telling us position sizing? Is that not relevant?

 

[destriero]

So you are not telling us position sizing? Is that not relevant?

I never have. I produce a % return at the end of the week.

 

[qlai]

So how do we know what risk you took to produce those results? I mean you can do whatever, but I just don't get the point. I'm asking for relative position sizing of course.

 

[destriero]

So how do we know what risk you took to produce those results? I mean you can do whatever, but I just don't get the point. I'm asking for relative position sizing of course.

Because I am using one account for the accounting. I am mostly in vol any time that I make an index call. Obviously not the case in the AH session.

 

[destriero]

Gotta Chase ES long here at 96.25. Shorting vol and buying deltas and futures here. Down a buck today on the IRA.

Out 98.00. NDX outperformance but too much headline risk.

 

[El OchoCinco]

So you are not telling us position sizing? Is that not relevant?

From my knowledge of what dest trades they are pretty liquid products that someone can trade a 1 lot or do some size without any problems. So the actual size might truly not be that relevant. I believe from his other postings of vol trades here that it can be done in a $25,000 or $250,000 or $2,500,000 account.