Why complicate things?

[nooby_mcnoob]

Blissfully.

It's the only way I've been able to do anything in my life.

 

[deaddog]

So end of the month, you take out $4K to do what you want and leave the $10K.

Are you taking the account back to the original amount each month or are you withdrawing a set amount each month.

Years ago Tony Oz wrote a book where he day traded stocks for a month. He withdrew any profits each Friday. I believe he was profitable each week. Don't know what he did if he had a losing week, I think he eventually went broke and quit trading.

 

[nooby_mcnoob]

Are you taking the account back to the original amount each month

this.

 

[murray t turtle]

Are you taking the account back to the original amount each month or are you withdrawing a set amount each month.

Years ago Tony Oz wrote a book where he day traded stocks for a month. He withdrew any profits each Friday. I believe he was profitable each week. Don't know what he did if he had a losing week, I think he eventually went broke and quit trading.

%%
Good read;
i may read my[dark book /LOL] copy again.
Dont know what he is doing in 2022??
In 2021, he is doing a video on dark pools routed thru IBKR.
[GME, he disclosed \so buyer beware] I found that video by google search, tony oz trader.
He was good about charts + cutting losses, so i guess that's still a habit. NOT a prediction.

 

[deaddog]

The other account is growing, not the trading account. I just keep a specific $ amount in the trading account.

Which account has the best returns?

And of course the follow up question is why have the account that performing poorly?

 

[nooby_mcnoob]

Which account has the best returns?

And of course the follow up question is why have the account that performing poorly?

The trading account is better for now, but that's because I haven't focused on improving swing trading. What I wanted to do was answer the question "if I lost everything but 10K, would I need to get a job?" The answer is "No". I am currently in the process of using the same system on a longer timeframe, that will take longer to get the forward testing stats, though I expect it to be the same.

 

[trader1974]

right. past 2 weeks, crude oil was moving in a big range.
it could go up and down a few times a day.
it is not flipping a coin actually.

unfortunately, there were quite a few days where the
movement was rather choppy/messy/untrendy.
so that made day trading rather difficult.

When Nymex, Shanghai INE, ICE crude oil futures move in tandem,
the crude oil market tends to be trendy (ie not choppy).

nonchoppy/trendy market - very easy to trade
choppy market - guaranteed 1000% sure lose money

Just great
Thanks Maxinger, whenever I want to throw in the towel you make me think a little more!

 

[bookish]

The trading account is relatively small, it is used for income so % is meaningless as I only track actual $. The goal is to at least get 50-100% on the account every month. So far, YTD, average monthly "return" is 200%. But again, I only look at dollar amounts.

No I can't become a trillionaire in 3 years, that's not how it works. I cannot compound this much.

I did it in a month but tge army stole it from me.

 

[HolyGrailSeeker]

Why complicate things?

Yes, you don't have to complicate things at all. If you consistently DCA into TSLA last few years you will be making bank. Trading is difficult because people overcomplicate things. You can make money easily if you choose to.

 

[murray t turtle]

The trading account is better for now, but that's because I haven't focused on improving swing trading. What I wanted to do was answer the question "if I lost everything but 10K, would I need to get a job?" The answer is "No". I am currently in the process of using the same system on a longer timeframe, that will take longer to get the forward testing stats, though I expect it to be the same.

%%
THAT's STRANGE;
but to do that with $10k you must be debt free. Or perhaps have a budget +small mortgage+ reasonable or low property taxes/LOL
I'm rereading Tony Oz short term trading[dark cover] book; he seldom did overnite trades+ swept his short account every week. But as for seldom doing overnite trades, that was just after 1999, QQQ cash ran up about >> 101%, ...307% in TQQQ, which i dont even remember if they had tqq then...................................................................................................
Investors make million$,[billions a s a group ]by not sweeping account everY 7 days