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illiquid
Registered: May 2002
Posts: 3613 |
07-10-12 04:42 PM
Sorry but day trading and percentage returns don't mix.
Unless you are exclusively trading the most liquid ETFs, daytrading is much less scalable than other markets.
The good thing is that there are firms that provide high levels of leverage for those who have an edge; go max out your credit cards and deposit 10k with a prop firm for 20:1 or more margin, and keep all the money for yourself.
Spanish is right in the sense that a guy who knows what he is doing should be able to regularly achieve 500%+ ballpark returns on his actual cash deposit -- meaning, deposit 10k and make at least 50k a month, month in month out, sweeping out profits 12x a year. Sounds fabulous but trust me this stuff doesn't compound. Ignore any compounding and % stats, they really don't mean sh*t in this time frame.
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7out
Registered: Jan 2011
Posts: 41 |
07-11-12 07:01 AM
I'm sure I speak for the majority of the people here, but if you could teach us how to make $50k a month (every Month) from the markets we'd each be willing to cut you a check for $25k a month.
I don't calculate the %'s on my actual deposit since it is a pretty miniscule deposit, however if you did it by deposit I have much more than 100x margin.
For the record, I only trade NYSE stocks.
Quote from illiquid:
Sorry but day trading and percentage returns don't mix.
Unless you are exclusively trading the most liquid ETFs, daytrading is much less scalable than other markets.
The good thing is that there are firms that provide high levels of leverage for those who have an edge; go max out your credit cards and deposit 10k with a prop firm for 20:1 or more margin, and keep all the money for yourself.
Spanish is right in the sense that a guy who knows what he is doing should be able to regularly achieve 500%+ ballpark returns on his actual cash deposit -- meaning, deposit 10k and make at least 50k a month, month in month out, sweeping out profits 12x a year. Sounds fabulous but trust me this stuff doesn't compound. Ignore any compounding and % stats, they really don't mean sh*t in this time frame.
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chipmunk
Registered: Aug 2008
Posts: 846 |
07-11-12 10:37 AM
WHAT a LOAD OF B*S*!
Not scaleable...depends what tyou mean by that. Yes you could not trade $20m this way but afew is no problem.
500%......Waht with you $5k account. Whoopee. That's REALLY SMART way tio make money.
so with a $100k account thewy are mamnig $500k per annum? BOLLOCKS! To get those kind of returns you have to take massive risk! Do you understand this concept? RISK= losses. Go and read some books.
I am sorry but it shows the level of B*S* on this forum.
any way riddance.
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Spanish is right in the sense that a guy who knows what he is doing should be able to regularly achieve 500%+ ballpark returns on his actual cash deposit -- meaning, deposit 10k and make at least 50k a month, month in month out, sweeping out profits 12x a year. Sounds fabulous but trust me this stuff doesn't compound. Ignore any compounding and % stats, they really don't mean sh*t in this time frame.
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luisHK
Registered: Sep 2010
Posts: 995 |
07-11-12 03:26 PM
Quote from Bob111:
about what? performance,low stress,low draw downs,whatever or co investors? managing cash is a piece of cake..
5% phhhey...and i'm not taking any money from anyone..and never did..cause at this rate you will be king in couple years..just like me ;)
Bob, why do you keep posting the same old equity curve from 2010 ? What happened to your account since then ?
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Rol
Registered: Jul 2009
Posts: 425 |
07-12-12 07:07 AM
Quote from luisHK:
Bob, why do you keep posting the same old equity curve from 2010 ? What happened to your account since then ?
That is interesting. I can produce phenomenal equity curves by choosing a time frame that does not include any large drawdowns.
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themickey
Registered: Sep 2009
Posts: 406 |
07-13-12 01:49 PM
Quote from chipmunk:
all good.
Low stress,
Clear rules,
Low draw downs,
Doesn't trade every day.
Usually in and out just once.
Doesn't need constant screen watching as long as i can se prices every half an hour or so....... Any thoughts?
I think you are doing very well.
5%/mnth, is that 60% pa? I suppose it is...?
My system generates approx 33% pa in theory - I'm still Sim testing it.
Have been for a few months, not in a hurry till I know it is rock solid sort of.
Anyhow, congrats.
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