Even if I would be sure, I think I should not be attacking anyone, and I indeed did not do it. I just tried to answer a direct question and was replied that it was of no value - what may be true, but it’s an answer anyway.
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what is the maximum mathematically possible daily profit
- Thread starter AttoCEL
- Start date
Even if I would be sure, I think I should not be attacking anyone, and I indeed did not do it. I just tried to answer a direct question and was replied that it was of no value - what may be true, but it’s an answer anyway.
The question was maybe direct but it is definitely not clear. What day are we talking about, an average summer low volatility one or the Flash crash day? What instrument are we using? What leverage are we using? How much of the full account is committed to each trade? How much of the daily range do we capture? So many variables...
Inquiring minds want to know...
But to explain it clearer, the question (beside being impossible to answer) is irrelevant. Let's say the answer is 3141,5%, what good does that do to you, how does that help you?
It is like asking, how much money can you win theoretically playing as many different lottery games in a week as you can, including states lotteries? Beside that even this question still needs more clarification (like the available prize, which fluctuates), the answer could be over a billion. But how does that help you in your life? Does knowing the answer makes you richer, happier or a better lottery player?
Now to be productive, I will alter the question that is more answerable and can be used as a goal or motivational tool, for example:
1. How many ES points per contract can a decent futures trader average on a daily base under the current market conditions? (happens to be high volatility)
2. How high can a small option account be run up in a week/month/year using put/call buying only for a really good trader?
etc.etc.
These questions can be answered with real, practical data, because traders actually did these things. Theoretically capturing all the moves happening is just silly and asking about them is childish.
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First attocel should answer my questions about his proof. After that I will give my proof. But he does not proof anything, so...
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The question seems to simply be a math problem to some, a philosophical question to others.
Many have come up with their interpretations.
The math problem people are basically:
-Some have only used the information/variables given in the first post to construct their equations.
-Some have made many assumptions about the first question, and started adding things that weren't listed as variables, such as daily range, ticks moved, etc.
-Even though the OP said to provide a percentage, some people are trying to calculate a dollar amount.
The philosophical question interpretations:
-Some people take the question to mean what is practical instead of what is mathematically possible.
-Some people rebel against the idea all together.
^I AM NOT saying ANY of the different interpretations are WRONG. I just find it interesting to see how different people approach the problem. Genuinely, I'm not talking shit, I actually see the range of different approaches to the original question interesting, particularly those that took a few minutes to think about it.
Two things....
Many have come up with their interpretations.
The math problem people are basically:
-Some have only used the information/variables given in the first post to construct their equations.
-Some have made many assumptions about the first question, and started adding things that weren't listed as variables, such as daily range, ticks moved, etc.
-Even though the OP said to provide a percentage, some people are trying to calculate a dollar amount.
The philosophical question interpretations:
-Some people take the question to mean what is practical instead of what is mathematically possible.
-Some people rebel against the idea all together.
^I AM NOT saying ANY of the different interpretations are WRONG. I just find it interesting to see how different people approach the problem. Genuinely, I'm not talking shit, I actually see the range of different approaches to the original question interesting, particularly those that took a few minutes to think about it.
Two things....
- Given the constraints... the percentage possible is not infinity. Given the constraints, there is a limit to the percentage you can achieve.
- It seems odd to not play the game just b/c the numbers used are too big, or seem unrealistic. If the leverage seems too unreasonable, or does the percentage gain.. just use different numbers. <- This is like not calculating an algebra equation because someone gave you variables that are too large.
Your response was well thought out. But it is more obvious rather than interesting that there are so many approaches, given that the OP's question lacked CLARITY.
What was interesting though that OP believes there is only one and precise answer and he actually knows it.
Now I am off to buy lottery tickets...
Youre boring me, anyone else? Im looking for a certain type of thinker. There are a couple of people in this thread showing promise and if they approach me the right way i may start dripping them the information. Or i may not thats totally up to me, if you dont like it that is too bad, i dont even know you and could care less.
For starters, stop watching mad money. Stop looking for others to solve things for you. You will have to take matters into your own hands. If youre too lazy to do so then you dont deserve to become a trader. Its that simple
Figure it out yourself via extreme work ethic
If you dont believe in yourself find a mentor
I had a moment where i realized i had not done the math yet after many years of pretending to want this. Many of you dont like being told to stop pretending to know because you are just like the old lazy me. I know exactly what you want, an easy answer. I could give it here but something holds me back, i think that something is the sense of entitlement to the information. Try google
If you get scammed over and over and never make it then it just wasnt meant to be. Do something else.
Profitable traders dont demand answers, only losers do. I used to be one. Now im on here giving you a big clue about one of the things in the way of your success. Laziness
This is proper thought process but you have to go all the way, solve each problem one by one. There is a solution to every issue that arises, always.
Ive already listed legit mentors that offer the truth although vaguely. I have a team and am always looking for talent, but most dont qualify we are picky, we dont tolerate entitled lazy attitudes. We will make you work, and will cut you at the first sign if bratty entitled lazy behavior.
Answering this question is part of becoming a trader, otherwise i would have never posed it. You dont believe me because youre not at that level yet.
You are not the boss, you dont make the demands, you dont receive the neatly packaged report. Im telling you it can be done. Stop being lazy, stop with the excuses
Just because you cannot do something does not make it impossible. That would imply that you are the smartest person in the world. Youre implying that your potential applies to us all. Your ego is in the way. Dissolve it, do the work, step by step and you will begin to see results.
You guys are so focused on outsmarting someone on a forum. Its evidence of a lack of purpose, dont you have anything better to do like oh i dont know improve your system. It may seem to you like my goal is to be witty but its actually to get work done, so please step aside let the men figure this one out.
Read the question carefully, your answer is not even a percentage like i asked, and even if i did ask for the dollar amount your answer is still wrong. Please just give up, you failed at trading and now troll forums to express your bitterness. Dont ruin it for those that might be able to do something you couldnt. If you dont see the value in this question then odds are you are not a real trader. Like i said, step aside.
Anyone else other than these three horrible attempts. There is a right answer... a right investigative style.
You are getting upset because im exposing that fact that you are getting in your own way. This epiphany hurts, sorry guys. Like i said, do the math, do the work, it is not infinite, it is solvable, stop with the excuses, stop being lazy. Im better than the old me, yes, more disciplined, harder working, not a quitter, and that does make me better. And if it makes me more advanced than your current position then so be it. Stop trying to force others to sugarcoat things. Thats your problem you dont like the truth. The truth is, you are a lazy pathetic loser just like i used to be. Become a man
The ego engages in cruel self punishment. Work on your prioritization process. You know you dont know what youre doing yet you call others out as if you did know. You can try to frame it as if im the one out of the loop, it will not morph reality. I will still continue to do this everyday, and you will continue to desire the solution. Have some respect for those that claim to know, they dont have to prove anything. You cant force people. Beg me
And by many hours im talking months even years worth depending on your pace. It is a long term project as ive already mentioned. Lazy entitled losers, and yes i used to be one. I started taking this profession seriously like my life depended on it. Thats what it took to curb my bratty lazy demanding attitude. Google has spoiled us all, relatively comfortable times producing an illusion of freedom distracting you from the shackles at your feet. The irony