My job is holding me back

[Businessman]

But OP and most traders need to have a realistic idea on what is possible and likely.

There is a problem with describing what is realistic in trading, every one has a different style, takes a different number of trades per year, aims for different R:R, and everyone uses different levels of leverage and risk percent.

Some people are happy to make 15R a year, while some other people (like Concinnity) think 1500R a year is doable.

If you risk 2% per trade and make 15 times your risk (15R) over a year, you will net 30%.

Concinnity's plan is to risk $1000 per trade, average $6000 per day or $1.5 million by year end (1500 times his per trade risk or 1500R).
That is fairly typical newbie fantasy land stuff, and also the kind of snake-oil the scammers and charlatans promise when they sell courses.

 

[apo99]

Bro what kind of trading do you guys do? 2 million in cash? lol with a 50k account if you can't make $1-$2k a day on most days (some days more) and also have very few to no losing days in a 6 month period, then you have no real sizable edge in day trading.

lol u guys are delusional and watch too many YouTube videos. If your making 2k a day on a 50k account what is 2mil for you?

 

[schizo]

with a 50k account if you can't make $1-$2k a day on most days (some days more) and also have very few to no losing days in a 6 month period, then you have no real sizable edge in day trading.

• $1-$2k a day on most days (some days more)
• have very few to no losing days in a 6 month period

This used to work back in the heyday of dot.com bubble. I didn't know they still use this cheesy gimmick.

Look, if you're that good, do me a favor. Post REAL TIME trades. Simply create a new thread and start posting as soon as you enter and exit your position. Since every post is time stamped here on ET, you don't even need to worry about anything other than writing down your trades.

For example:

Long ES @ 3653

then follow up later with

Exit ES @ 3643

 

[Concinnity]

• $1-$2k a day on most days (some days more)
• have very few to no losing days in a 6 month period

This used to work back in the heyday of dot.com bubble. I didn't know they still use this cheesy gimmick.

Look, if you're that good, do me a favor. Post REAL TIME trades. Simply create a new thread and start posting as soon as you enter and exit your position. Since every post is time stamped here on ET, you don't even need to worry about anything other than writing down your trades.

For example:

Long ES @ 3653

then follow up later with

Exit ES @ 3643

Sure, but I am only willing to meet half way with this, meaning I'll need to set up another account particularly for this. I get nothing out of proving I am "right" or trying to show off, that's irrelevant to me I am trying to actually trade and build something here. So the point is I cannot make this my priority when as explained I have other duties related to trading that pay me far more, than trading my currently small account.

So, that is what it is and obviously will not do anything that potential distracts me from fulfilling my other duties or disrespects the time of others I am working with in the partnership. None the less I will set up a separate account and give this a try to the best of my abilities.

 

[Concinnity]

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.

It's not a quest for large rapid returns. I use $2,500.00 capital per micro or $25,000 per mini and general stop loss of 8 points. What part of this seem's overly risky for you?

You can claim that my win rate or R/R is garbage or that I am lying or incorrect about my win rate or R/R. OK that is fair enough and nothing I can do about that at this moment to prove you wrong. But if you don't have the luxury of making that assumption, then there is certainly nothing particularly risky about having $25k per contract, with an 8 point average stop loss. Even at a 50 percent win rate and 1 risk to 2 reward ratio, that's a very low chance of failure over time.

 

[Concinnity]

Edit: nm I will be patient.

 

[easymon1]

Concinnity's plan is to risk $1000 per trade, average $6000 per day or $1.5 million by year end

This view of course does not factor in Position Sizing to enable F = P(1 + i)^n
You gonna be scalling up, right Constantino?
Plug that formula into the nearest spreadsheet and behold.

View attachment 302449

am doing it.

 

[Concinnity]

• $1-$2k a day on most days (some days more)
• have very few to no losing days in a 6 month period

This used to work back in the heyday of dot.com bubble. I didn't know they still use this cheesy gimmick.

Look, if you're that good, do me a favor. Post REAL TIME trades. Simply create a new thread and start posting as soon as you enter and exit your position. Since every post is time stamped here on ET, you don't even need to worry about anything other than writing down your trades.

For example:

Long ES @ 3653

then follow up later with

Exit ES @ 3643

Retail trading together in a consistent and purposeful way is something I thought was under utilized and so far it turns out I've ultimately been correct, as that's what I currently doing. I am not being smart when I say this but serious. You have time to sit here on an ES thread and post your entries and exits, so either way we take this it makes no sense that you think the potential I am speaking of is crazy because :

#1 You either have to be extremely comfortable intra-day trading to be able to post your trades like that

or

#2 Maybe if you focused more on your trading or looked at other avenues to improve your results instead of spending your time on a forum where a lot of the people don't even or can't actually intra-day trade, than some of the numbers I am saying wouldn't seem so far fetched.

It's really surprising for someone like you to think $1-2k a day on a 50k account, being made consistently without that many losing days, is like something out of this world.

 

[Nine_Ender]

It's not a quest for large rapid returns. I use $2,500.00 capital per micro or $25,000 per mini and general stop loss of 8 points. What part of this seem's overly risky for you?

You can claim that my win rate or R/R is garbage or that I am lying or incorrect about my win rate or R/R. OK that is fair enough and nothing I can do about that at this moment to prove you wrong. But if you don't have the luxury of making that assumption, then there is certainly nothing particularly risky about having $25k per contract, with an 8 point average stop loss. Even at a 50 percent win rate and 1 risk to 2 reward ratio, that's a very low chance of failure over time.

Guess we'll see then. I'm not betting against you but I doubt things will be as easy or rosy as you currently believe they will be. Like many trading strategies, something can be possible but highly unlikely in a free market.

 

[easymon1]

Retail trading together in a consistent and purposeful way is something I thought was under utilized and so far it turns out I've ultimately been correct, as that's what I currently doing. I am not being smart when I say this but serious. You have time to sit here on an ES thread and post your entries and exits, so either way we take this it makes no sense that you think the potential I am speaking of is crazy because :

#1 You either have to be extremely comfortable intra-day trading to be able to post your trades like that

or

#2 Maybe if you focused more on your trading or looked at other avenues to improve your results instead of spending your time on a forum where a lot of the people don't even or can't actually intra-day trade, than some of the numbers I am saying wouldn't seem so far fetched.

It's really surprising for someone like you to think $1-2k a day on a 50k account, being made consistently without that many losing days, is like something out of this world.

Plug that 2% figure from your post above into this formula. F = P(1 + i)^n
You gonna need a real estate agent.