Reality of Day Trading

couldnt sit through the entire video. sorry. but i did scan through it pretty thoroughly and she does mention a good point about "risk". at least she is bringing this to the attention of her audience, whether she knows she obviously should (if she gives a ****about her reputation) or not, doesnt matter.

I also try and avoid social media like the plague, Im still a freshman trader but the constant BS and flashes of PnL is still not good for my trading either. However, I can literally ask a trader who discusses their PnL two questions and sum them up as a trader and get a good glimpse of them as a person, by only those two answers, and see if I wanna make bestest friendzys ever but most new traders are probably just going to get emotional & ***k ***t up by using social media in their trading.

Besides there are great people & REAL traders here on ET you can reach out to if youre not a total d**** and make friendzys why go after the attention w***** that are mostly full of ***t on whatever the flavor of the month social media platform is?

Did she actually answer the title of her videos question tho ? Im not sure if she is selling herself as a trader & teacher or just as entertainment but it would have been nice for her to actually answer the question that is the title of the video. However, I guess I can cut her some slack as it isnt the worst thing to attract people looking for "BUT BUT HOW MUCH CAN I MAKE YO!", and answer with how much are you willing to risk.

So how much does this sweet piece over there make trading them stonks ???
 
Stockboy said:
couldnt sit through the entire video. sorry. but i did scan through it pretty thoroughly and she does mention a good point about "risk". at least she is bringing this to the attention of her audience, whether she knows she obviously should (if she gives a ****about her reputation) or not, doesnt matter.

I also try and avoid social media like the plague, Im still a freshman trader but the constant BS and flashes of PnL is still not good for my trading either. However, I can literally ask a trader who discusses their PnL two questions and sum them up as a trader and get a good glimpse of them as a person, by only those two answers, and see if I wanna make bestest friendzys ever but most new traders are probably just going to get emotional & ***k ***t up by using social media in their trading.

Besides there are great people & REAL traders here on ET you can reach out to if youre not a total d**** and make friendzys why go after the attention w***** that are mostly full of ***t on whatever the flavor of the month social media platform is?

Did she actually answer the title of her videos question tho ? Im not sure if she is selling herself as a trader & teacher or just as entertainment but it would have been nice for her to actually answer the question that is the title of the video. However, I guess I can cut her some slack as it isnt the worst thing to attract people looking for "BUT BUT HOW MUCH CAN I MAKE YO!", and answer with how much are you willing to risk.

So how much does this sweet piece over there make trading them stonks ???
More...

She did not answer the question directly, on how much day traders make a day because it is a difficult question to answer. If you have capital of $1,000 compared to another day trader with $10,000, obviously, the one with the $10,000 will make more monies assuming both of you know how to day trade? If you are a day trader making $10,000 a day, you probably, risking $5,000 or more per trade as most retail day traders do. You have to use the leverage of every dollar you put into the trade to payoff and give you huge returns, that is why. Of course, you are taking excessive risk when you trade that way because you just need one bad trade to wipe out a huge chunk of your capital base. Risk management and position sizing is still important because it guarantees your longevity. Trade off, is you would make less day trading because you are risking less monies compared to other day traders.
 
smallfil said:
She did not answer the question directly, on how much day traders make a day because it is a difficult question to answer. If you have capital of $1,000 compared to another day trader with $10,000, obviously, the one with the $10,000 will make more monies assuming both of you know how to day trade? If you are a day trader making $10,000 a day, you probably, risking $5,000 or more per trade as most retail day traders do. You have to use the leverage of every dollar you put into the trade to payoff and give you huge returns, that is why. Of course, you are taking excessive risk when you trade that way because you just need one bad trade to wipe out a huge chunk of your capital base. Risk management and position sizing is still important because it guarantees your longevity. Trade off, is you would make less day trading because you are risking less monies compared to other day traders.
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Yes, and thank you. but I already knew all of that.

She could have easily finished with, with my account of X, I averaged X during X, while having drawdowns of X. No need to try to fancily avoid the question. It might sound fancy but it is still avoiding the actual question.

but maybe I mean expecting someone that claims to be a trader, and has a video literally ****ing titled, "how much do traders make", to offer an answer is just outright silly if not rude of me.

Maybe try and pitch your or her explanation while trying to raise funds from investors. Im sure theyll be thrilled at the logic of it all. and quite impressed if I must say.
 
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SimpleMeLike said:
I agree with deaddog here. Let traders trade however they want to and take whatever risk they want to. Watching youtube videos does not help. Trading the charts is all I want to do

If someone thinks they can turn $1000 into $1,000,000 let me them try

My current goal is to turn $2000 into $1,000,000 in 2 years from trading.

I am not doing this for peanuts.
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I wish you good luck .
It is very possible.
99.999% of people have a loser mentality.
I have almost the same goal as you.
 
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1,000,000/yr = 19,230/wk(52) = 3,846/wkday(5)

Factor in losing days, holidays, time off, vacations, etc, = 5,000/wkday

5000/wkday consistently is much more of an issue than the 5k amount... We have zero control or input as to what is offered in which markets on any day.

Size matters.

5 dollar foot long time.

Have a good weekend all.
 
tiddlywinks said:
1,000,000/yr = 19,230/wk(52) = 3,846/wkday(5)

Factor in losing days, holidays, time off, vacations, etc, = 5,000/wkday

5000/wkday consistently is much more of an issue than the 5k amount... We have zero control or input as to what is offered in which markets on any day.

Size matters.

5 dollar foot long time.

Have a good weekend all.
More...

Depends on size, trade NQ trade at $100 per pt and only 50pts per day, I'm up 40 on.NQ and 20 on Gold.area today.

Move to YM and 50pts happens 10 times per day.

Potential is huge, learning curve to get there is also huge.
 
tiddlywinks said:
1,000,000/yr = 19,230/wk(52) = 3,846/wkday(5)

Factor in losing days, holidays, time off, vacations, etc, = 5,000/wkday

5000/wkday consistently is much more of an issue than the 5k amount... We have zero control or input as to what is offered in which markets on any day.

Size matters.

5 dollar foot long time.

Have a good weekend all.
More...

Traders who can make that 1 million use compounding, which is logical. So your calculation is wrong. That means that at the start you don't need to make $5,000 a day at all.

To make a simulation, if you would trade the ES, you need:
  • account size
  • margin used
  • max number of contracts
Depending on these numbers you can reach your goal with low or high profits.

5000$ profit trading 100 contracts means $50 per contract,so just 1 points ES.
5000$ profit trading 1 contract means $5000 per contract,so 100 points ES.

1 point is a no brainer; 100 points is impossible. So size matters. But as size is linked with enough capital, leverage matters too.
 
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