My job is holding me back

[Concinnity]

to make 6k every day you have to be right every day.

What else is context for a day trader except understanding the price action.

I don't know what to say. I already stated:

(1) Some days you will make less than $6k
(2) Some days you may have to sit out due to context
(3) It is possible you have some losing days, but shouldn't be that many.

Generally speaking $6k isn't that aggressive of a target for 150k.

 

[SunTrader]

Yeah, just cut it out @SunTrader like Country Boy says; Warren Buffett is a Swing Trader

countryBoy is just that.

Us cityBoys know better.

 

[Businessman]

Generally speaking $6k isn't that aggressive of a target for 150k.

It is 4% a day, even the scammers and charlatans typically only promise to teach newbs how to make 2% a day.

 

[newwurldmn]

He feeds insurance company premiums into his stock investing selections. No trading whatsoever.

Wish I had that advantage.

one day you may realize that a major part of success in the markets is setting up your capital.

Warren buffets stock returns are on par with the SP mid cap but he’s wealthier than much of that index combined.

 

[newwurldmn]

I don't know what to say. I already stated:

(1) Some days you will make less than $6k
(2) Some days you may have to sit out due to context
(3) It is possible you have some losing days, but shouldn't be that many.

Generally speaking $6k isn't that aggressive of a target for 150k.

so what’s your annual expected return if some days you lose and some days you don’t trade and some days you make 6k?

 

[vanzandt]

I don't know what to say. I already stated:

(1) Some days you will make less than $6k
(2) Some days you may have to sit out due to context
(3) It is possible you have some losing days, but shouldn't be that many.

Generally speaking $6k isn't that aggressive of a target for 150k.

Totally not being nosey, but if you care to share, what instrument are you trading and are you doing it via an automated system?
If you covered this already I apologize, I have not read most of the thread yet past the first page or two.
But $6K off $150K sounds awful high. Pretty risky.

 

[Concinnity]

It is 4% a day, even the scammers and charlatans typically only promise to teach newbs how to make 2% a day.

150K account????? That's $25,000.00 per contract if we only trade 6 NQ. Way above even overnight margin requirements and 1,250 points of risk per contract. Capture 50 NQ points net and you're at your 6k. It's really good, but you act like it's something out of this world crazy or that you have to go all in or something.

 

[Concinnity]

Totally not being nosey, but if you care to share, what instrument are you trading and are you doing it via an automated system?
If you covered this already I apologize, I have not read most of the thread yet past the first page or two.
But $6K off $150K sounds awful high. Pretty risky.

150K account????? That's $25,000.00 per contract if we only trade 6 NQ. Way above even overnight margin requirements and 1,250 points of risk per contract. Capture 50 NQ points net and you're at your 6k. It's really good, but you act like it's something out of this world crazy or that you have to go all in or something.

 

[Businessman]

150K account????? That's $25,000.00 per contract if we only trade 6 NQ. Way above even overnight margin requirements and 1,250 points of risk per contract. Capture 50 NQ points net and you're at your 6k. It's really good, but you act like it's something out of this world crazy or that you have to go all in or something.

Of course it is possible to net, 50 NQ points, SOME OF THE TIME. But there are lots of days when you will lose points as well. You wont make 12500 (50x250) NQ, points a year. Not even close.

Now if you want to maintain the daily 95% win rate, that you claim (only 10 or 12 losing trades a year).
You will be doing some averaging down or riding losers, booking winners quick.
That is negative expectation trading, and you will lose money over the long run.

 

[newwurldmn]

150K account????? That's $25,000.00 per contract if we only trade 6 NQ. Way above even overnight margin requirements and 1,250 points of risk per contract. Capture 50 NQ points net and you're at your 6k. It's really good, but you act like it's something out of this world crazy or that you have to go all in or something.

50 points of nq is like 1/2 percent on a 1percent stat vol index. You can capture 50percent of the daily volatility on average?