what is the maximum mathematically possible daily profit

[wmwmw]

If guy tell you he gambles in a casino everyday and he can wager 10000 times a day and win every wager , then you will tell him that he then would have won every casino in this country.So he should not gamble in the same casino everyday, but instead he gambles and wins that casino one day , repeat that in another casino the next day. And now the country should have no casino existed. The fact that he says this exposes that he never gambles and have no gambling experiences . He is clueless about what would happen if
he goes gambling.
This is exactly what OP was doing.

 

[virtusa]

The game is to tweak your system in pursuit of that 1000% figure. The closer you get to it the better trader you are, that is how you can quantify day trading performance, ive personally surpassed this figure, yes you heard me right.

Just 1000%??? Daytrading and trying to catch the maximum theoretical return, and just take 1000%? You still have a long way to go.

I will give you some good advice:
· Don't be lazy.
· Don’t always assume you understand the math behind this.
· Don’t go through a lazy phase where you convince yourself there is no depth to this.
· Don’t say things like i already know this, whats the point, bla bla…
· There is more to it than meets the eye.
· What is truly possible would surprise you.
· You're the one missing out, you're the one self limiting. you are too afraid to dedicate yourself.
· The truth is you dont know what you're doing so how do you know what is and isnt on the table.
· Pretending to know is part of the lazy phase. you have to justify mental lethargy somehow
· Etc…

I can give you much more valuable advice, but don’t be lazy. Find it out yourself and let me know how far you got. I will give you the correct answer, after you showed that you were not lazy.

Go to Renaissance/Medallion and tell them they are newbies, and propose that you will manage their money. They never make 1000% a year.

ROFLMAO

Do you really take yourself serious? If Yes, then you need psychiatric help. But I think your case is hopeless. Even a wake up call will not help you, you are too far away.

How many people PM'd you and begged? And what will it cost them?

PS: I found better proposals then yours. If I give all my bitcoins to a fund, they guarantee me 200% every week without any risk. LOL.
Don't know which one to choose:
https://bitcointrading.site123.me/
https://getx2coin.com/
https://enobitcoin.com/
https://bitcoinsx2.site123.me/
https://fastestinfomation.blogspot.com/
https://instantdoubler.pro/

 

[themickey]

I can imagine a pro trader sharing their secret source trading system with friends, family or some on ET whom they can relate to, ET buddies.
But share with a bunch of strangers on ET, many who think you are an idiot? Nuhhhh!
It would just confirm the idiot part.

 

[Onra]

I don't know Mick; I try to keep an open mind...
I PM'ed him; we spoke on the phone for about an hour.
Apperently I wasn't the guy he was looking for, so end of story...

If he was a Nigerian Prince he would have hold on longer to sqeeze some money out of me!

 

[virtusa]

Apperently I wasn't the guy he was looking for, so end of story...

So you still have no idea if he is BS or not.
He is clever, because by telling that you are not the guy he is looking for, he does not have to show/proof anything. So maybe he is just a scammer who knows nothing but has a hidden agenda.

 

[TrailerParkTed]

There are thousands of firms proving you wrong every single datly. You mean YOU dont know what youre doing. Repeat after me IM WRONG. Repeat after me OTHER PEOPLE ARE CAPABLE OF DOING SOMETHING THAT I CANT. hurts right. Admitting when you have a lot to learn is a requirement in any elite sport and if its too painful to your ego then get out of the kitchen. All youre doing is discouraging someone who is just starting off. Instead of posting something like this why dont you actually try to answer the question. Laziness and pride are a bad mix

Is risk management prideful? I think about Bill Hwang and Melvin Capital’s thrashing. Not everyone has a white knight like Citadel to manipulate a stock and patch holes with billions. I hated 10x margin, despise 4x because shit happens. All the trading books preach pressing the pedal to the floor on winners, going 1,000 mph usually ends up bad.

 

[taowave]

If nothing else,the OP is a master marketer..He hasnt supplied one shred of math,only a ton of mythical returns....Listen to Kristjan Kullamagi..Hes a real life trader..Its not getting much better than his last 2 years..OP has never traded,or has been blown out multiple times

"As most of you know I livestream my trading on Twitch every day using simple setups and principles with no rocket science or fancy indicators involved. I started the year with $3.7M in all trading accounts combined and finishing it with $36M. That's an 870% return.

New traders have the tendency to get more agressive and reckless when their accounts go straight up (been there, done that many times). When you start feeling like a Greek God just having defeated the Titans, that's when things can mostly go downhill and bad things happen.

A lot of traders I have been checking in on over the years are having 5-10-20x returns over their previous years both %- and $-wise. I'm talking about daytraders, scalpers, swing traders, long biased, short biased. This market had something for everyone.

Will 2021 be as good of an opportunity set as 2020? Possible, but not probable. Don't expect you favorite stock up 500-1000% from March lows to keep going up forever. What i am trying to say is, don't get cocky and don't get sloppy. The market has been super forgiving this year."

 

[Pelt]

Would it be beneficial to think of Risk in terms of what it takes to deplete/ruin your account, and equate that to price movement... instead of thinking of risk per trade?

 

[virtusa]

Would it be beneficial to think of Risk in terms of what it takes to deplete/ruin your account, and equate that to price movement... instead of thinking of risk per trade?

The risk per trade is exactly to avoid a ruin of your account. It is the same.
But the risk per trade can vary in function of the size of your account.

Example:

Your trading systems has an optimal stop at $100.
But Ninjatrader's minimum account size is $400. So if you have only $700 in your account, you should lower your leverage so that you at least survive a few losing trades before reaching this $400 minimum account size.
Because of undercapitalization you should take a lower stop than the optimal one. Once your account grows to, let's say, $2,000, you can use your optimal stop as there is more room for a few consecutive losses without wiping out your account. So your risk per trade is also taking in account your risk of ruin.

Adapting your stop will however impact the result of your trading in a negative way, as the stop is not optimal anymore. You will lose profits because the stop will be too close for some of your previously profitable trades.So turning profitable trades in losing ones.
Even if you would have smaller losses because of the lower stop. The overall result will be negative, if not your optimal stop would have been at the lower level, which is not the case.

So in this example you should increase your undercapitalized account to be able to trade the optimal system/stop.

 

[Pelt]

Assume for the sake of discussion, you are trading something you can either size however you want(FX), or you have capital enough to not have to use anything less than an optimal stop.