Traders With Very High and Consistent Returns?

Handle123 said:
When you attain substantial capital, it is too risky to make 100% returns, it is different when you doing long term commodity trading though. There is a limit of how many contracts you can do in the futures markets day trading, even the ES during certain times of the day or before reports without causing your own slippage, and when you want to use stops on large quantity, again you will cause your own slippage. Early on when you really don't have money like less than 100k in your account, it is easier to make the returns you inquire, but after you have 100k, your mindset becomes way different. Just because you can use $400 margin does not mean you should, I hope 911 never happens again, but something bad most likely will happen again and if you are long 50 ES when exchanges close down for a week, you might wake up week later to when exchanges open to being down $250,000. You have to trade with this in back of your mind and each ES contract is worth over $100k plus right now.

The big money is in long term trading by majority of stock investors and those from little to mucho money plus commercials trade long term Commodities. Usually many of those who are underfunded day trade as they have dreams of grandeur. Long term you have better chance of over 100% plus returns for several years. People don't realize that in a given year paying retail fees you have to make 100-200% to breakeven based on doing just a one lot and six trades a day in $5k account in day trading. You usually do less trades in long term.

Not only do you have to fight all the demons that lay wait within you, and these are the demons you wish you never discovered, to learning a great deal of information that after a few years you wonder why you got into this at all, and you keep saying to yourself "I am so close", and 95% said that till the end. You keep plodding along and the markets let you win just a little "just to give you hope", ROFLMAO, Robin Williams line on golf. Yea, you better enjoy the process cause when you make it, you think..."that's all there was to it"? And yet you have trouble explaining it to those who are still plodding through it.

The funniest thing is you think back to those who made it before you, they tell you how to do it, but "they" are on a different level than you at that time.

Old Redneck and myself just a plodding along selling them new models of Egg cars on his car lot. Life is fun and good. As for me, meez going to Starbucks for expensive coffee since coffee near nine year lows.

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What exactly happened during 9/11?
WAs the market opened on that day?
Or did it shutdown intraday and close for the rest of the week?
Any warnings?
 
Handle123 said:
OFLMAO, Robin Williams line on golf. Yea, you better enjoy the process cause when you make it, you think..."that's all there was to it"? And yet you have trouble explaining it to those who are still plodding through it.

The funniest thing is you think back to those who made it before you, they tell you how to do it, but "they" are on a different level than you at that time.
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Ain't both the ever lovin truth


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Handle123 said:
old Redneck and myself just a plodding along selling them new models of Egg cars on his car lot.
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ttps://www.youtube.com/watch?v=YpW6pqJHvYw


Happy Weekend
Happy Easter
Happy 2nd Birthday

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shoppin fer carz this weekend - gots ta get reedy fer moan day

;)
RN
 
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As someone said earlier. Depends on account size. I work for a prop firm. I keep about £25k on account and generally make about £10,000 a month. I have been trading for about 10 years. Id say im a fairly average trader. After 10yrs consistent trading I should be making a lot more. But i value the consistency and keeping a small balance on account rather than having my life's savings in a prop account taking massive swings and allows me to diversify a little in some other businesses. But yeah, in terms of percentages I guess I match the returns you are asking for.

I know guys with a similar return on account balance in percentage terms with far higher accounts. So guys with 100k on account making 20-50k a month (they are less common).

As for strategies, if it was one particular strategy everyone would be doing it. I can tell you what we/they don't do.

We aren't back testing trend following systems, and risking 10 ticks to make 30 ticks or moving average cross overs or any of the other stuff you read about in "How To Trade" books.

Its a lot of mean reversion trading, looking at correlations between markets and seeing when relative value is getting over extended, watching the order book and learning to spot when large traders are executing trades and going with them.
 
endicottsteel said:
A couple of the best traders I know play market neutral in uncompetitive markets. Unsurprisingly they are very disciplined people.
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Thank you to everyone that has replied, but what do you mean by this, endicottsteel? Also, approximately what have their returns been? What instruments do they use?
 
In my experience with backtesting with an eye to position sizes....Its alot easier to make a higher return with less money. As your equity increases and you need to utilize stocks with higher volume the return decreases. My hypothesis is that these larger stocks are being played by the major institutions and most edges have been exploited at this level.
 
Gooby... I think the general message is the part of the strategy that makes the difference is not signal selection but management of trades (the trader) once live. I bet you if most of these super-traders give you the signal system you'll probably think "I've seen that before!"...
 
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