Forget it, he is just making up his own definitions.
Exponential growth to him means only a high compounding rate, eg 100% per year, a lower compounding rate like 10% a year is not exponential growth in his eyes.
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My job is holding me back
- Thread starter Jdesey
- Start date
Forget it, he is just making up his own definitions.
Exponential growth to him means only a high compounding rate, eg 100% per year, a lower compounding rate like 10% a year is not exponential growth in his eyes.
Sun,this is where i think you are a bit off,or not very clear
No that is not exponential.
That is compounded.
Exponential is a similar to parabolic.
Exponential - "(of an increase) becoming more and more rapid".What is "simple ordinary compounding"??
Rapid being the key word.
Oh boy....
Exponential - "(of an increase) becoming more and more rapid".
Rapid being the key word.
So you think you can average over 6R per day, or 1500R per year. With hardly any losing days.
lol. keep on dreaming.
Just 6R per MONTH consistently trading the ES is outstanding. As you can quickly scale to 50 lots per trade ($20K risk on a 8 point stop) and make over a 100K per month (6R x $20K = $120K per month)
I agree. I was giving conservative numbers. In the end I don't care if it ends up I can only catch 20 points of NQ net per day consistently, that's still enough. As you said at that point just a matter of sizing.
But via my backtesting and forward testing, catching 50 per day is a conservative number. If that changes over time so be it, but it's difficult to be net negative on the day given what I am doing and my relative tighter stops.
How many pts today?I agree. I was giving conservative numbers. In the end I don't care if it ends up I can only catch 20 points of NQ net per day consistently, that's still enough. As you said at that point just a matter of sizing.
But via my backtesting and forward testing, catching 50 per day is a conservative number. If that changes over time so be it, but it's difficult to be net negative on the day given what I am doing and my relative tighter stops.
How many pts today?
66.5 net my personal trading, did not trade with my team today. good but i am trading smaller size so mentally it's easier.
Screw the team! Good Job!66.5 net my personal trading, did not trade with my team today. good but i am trading smaller size so mentally it's easier.
Screw the team! Good Job!
****, this was actually a nice and sweet comment. I guess it's because the world is likely to end soon, so what the f does it matter right.
I agree. I was giving conservative numbers. In the end I don't care if it ends up I can only catch 20 points of NQ net per day consistently, that's still enough. As you said at that point just a matter of sizing.
But via my backtesting and forward testing, catching 50 per day is a conservative number. If that changes over time so be it, but it's difficult to be net negative on the day given what I am doing and my relative tighter stops.
Your quest for large rapid returns seems more based on impatience then a realistic trading plan. I'm not saying you won't be profitable, but the numbers you are pushing are unsustainable for a 50K account. And apparently in your case it's more your vision of what will occur then something you've actually done beyond an extremely short run ( if that ). Sure, if you succeed, let us know. The problem is we don't need to know about a get rich scheme based on projections. You should understand there is no free lunch and fast money always involves high risk with sometimes stealth drawdowns that you cannot see coming.
The mistake here is to aim too big too fast with limited resources. That can lead to high risk decisions if some difficulties occur trying to keep up. If you have 50K, the goal should be to get to 70K/80K/100K without a severe drawdown with no set time table. Maybe you have this all figured out, probably you don't ( see the projections ). But OP and most traders need to have a realistic idea on what is possible and likely.