March 23, 2011
Trader P/L 2011
- Thread starter d08
- Start date
thanks wrz, the 'haters' will be loggin on soon enough 
Generally between 30 - 40 k shares of listed stocks
Quote from itcanbedone:
thanks wrz, the 'haters' will be loggin on soon enough
Nice day. I remember there was a guy a couple of years back that came out of nowhere posting insane days...I think he cleared 300k a few times....came out later that he was fraud after his trial ended with whatever software he was using. I hope that's not you.
Individual numbers are meaningless without context. Someone who consistently posts an average daily profit of $200 day and is posting day after day over time may be doing just as well as, or better than, someone who posts large gains very occasionally.
If you're trading a $10K futures account, $200 average gain per day translates to a 500% annual return; if you're trading a $500K account, you'd need to show an average daily gain of $10K a day consistently over time to match that kind of return.
Posting randomly and out of context doesn't really reveal much. Was the big number an intraday gain or the result of a long swing trade being closed out? Were there dozens of -$25K days over the past 6 months? Or maybe a huge $250K loss shorting NFLX (sorry, Whitney).
I know It Can Be Done, but a track record of success such as the long string of daily P/L posted by Red Ink, Szeven, mksummny, and others provides real proof.
If you're trading a $10K futures account, $200 average gain per day translates to a 500% annual return; if you're trading a $500K account, you'd need to show an average daily gain of $10K a day consistently over time to match that kind of return.
Posting randomly and out of context doesn't really reveal much. Was the big number an intraday gain or the result of a long swing trade being closed out? Were there dozens of -$25K days over the past 6 months? Or maybe a huge $250K loss shorting NFLX (sorry, Whitney).
I know It Can Be Done, but a track record of success such as the long string of daily P/L posted by Red Ink, Szeven, mksummny, and others provides real proof.
No trades yesterday.
Good day and a great day if you consider that all my positions were short while the market rallied. It was also the first day for me with a lot of scaling in/out due to relatively illiquid stocks. Managed to make 1 error (partial fill) and needed to close it in the AM.
0324: +$1619
Good day and a great day if you consider that all my positions were short while the market rallied. It was also the first day for me with a lot of scaling in/out due to relatively illiquid stocks. Managed to make 1 error (partial fill) and needed to close it in the AM.
0324: +$1619
kinda sissied my way out today.