what is the maximum mathematically possible daily profit

[virtusa]

Not sure why people are getting agitated.



Well, it’s been a while since I did this math and I’m on my phone right now, but with 500:1 leverage, a 1 % move in your favour is a 500% gain on your capital.

And 1% move against you?

 

[Laissez Faire]

And 1% move against you?

0.2 % counter move and your equity is 0.

 

[virtusa]

0.2 % counter move and your equity is 0.

That is the problem. Chances that this move will happen is highly probable. Even before the 0.2% counter move he will be wiped out because of the spread and the commissions.

I daytrade the ES with a stop on 0.1% and leverage 100. I know how risky that is. And then if you go 5 times bigger in leverage... I have never seen anybody who survived that.

 

[Pelt]

I daytrade the ES with a stop on 0.1% and leverage 100. I know how risky that is. And then if you go 5 times bigger in leverage... I have never seen anybody who survived that.

The emini? What do you mean by this? HOw does your current leverage affect your stop %? I.e., if your leverage is 100:1, how does changing this number affect how much you lose on any one trade?

 

[Millionaire]

0.2 % counter move and your equity is 0.

Yeah, 500 fold leverage only works if you are trading with a one tick stop loss

 

[virtusa]

The emini? What do you mean by this? HOw does your current leverage affect your stop %? I.e., if your leverage is 100:1, how does changing this number affect how much you lose on any one trade?

The stop is on the notional value, not on my capital. I use a 5 points stop, which at the actual level is around 0.11%.
That's the correct comparison with the 0.2% move in forex. Which is also notional value.

 

[newwurldmn]

A few of you seem to be natural reverse engineers, youre starting to realize this is not merely an exercise but a piece of the trader development cycle. It is a longterm project, i mean really its the very thing youre after. Youve been intentionally or should i say instinctively misled* in a zero sum game.

As for the rest of you, im sensing fear and reluctance. Until you admit that you might be wrong, your ego will continue blinding you. Im tough on arrogance because i know how strong of a vice pride is. Being right on a forum is a misplaced value. Imagine how stupid you would feel if when you finally master this craft, you end up right back here, having scammed yourself. You have to be willing to take risks to become a trader, for example guiding yourself is an extreme risk but you have to take it on at times. Letting yourself be guided is also a risk but you should take it on at ordinary times. The choice is yours, witty comebacks on a forum or a trading career.

Whoever mentioned risk of ruin, good job. Focusing on risk per trade limits your ability to build a working system. Optimal risk management is counter intuitive, i fight my intuition on a daily basis. Favorable facts are hard to accept. Real is objective, winners duplicate.

Making 10% per day a seamless feat. Not a question.
And i think that converts to 16% on a 10day average.

I would remove the term seamless at the 50-200% mark, so from 10-50% is easily done. These are my personal limitations... the true ceiling is likely higher. Dont be an idiot, keep an open mind. If my style offends you, good go away. If you can handle it, follow the white wabbit.

this thread is a disaster. If this is how you look at the world I think you have a long way to go to understanding how portfolio management really works.

 

[taowave]

I can't bare to read thru this thread again,but would appreciate some clarification..OP stated

"Making 10% per day a seamless feat. Not a question.
And i think that converts to 16% on a 10day average.
I would remove the term seamless at the 50-200% mark, so from 10-50% is easily done."

Is OP saying those returns are with leverage or non levered???

And,what in the world does 10 percent a day converts to 16 percent on a 10 day average???

And OP,assuming the 10 percent per day is non levered,do you have any idea what that compounds to over 250 days??

Its a staggering amount,and impossible to achieve

 

[AttoCEL]

0.2 % counter move and your equity is 0.

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.

 

[AttoCEL]

0.2 % counter move and your equity is 0.

Someone mentioned the two ways to pay for a string if losses, find that post in this thread and merge it with your current tought pattern. Dont expect to solve it right away it takes many hours of brainstorming and methodical effort towards the series of answers until youve addressed every issue getting in your way. This is what everyone here is avoiding, the work, whether they realize it or not. The scammer is in the mirror.