FORUMS BROKERS SOFTWARE
Home
 
    Forums > Technically Speaking > Strategy (System) Design > Realistic weekly or monthly returns of a top pro trader


Reply
 
Thread Tools
Old May 5th, 2012, 03:32 PM   #1
seekingbuddha
 
 
Join Date: Feb 2012
Posts: 7
I am sure this topic has been discussed in one of the forums here before, but i am unable to locate any useful thread (and there are hundreds that come up with different keywords for searches). So here i go with an old question, and would like answer from top traders who have been trading for a living for atleast 5 years successfully (so your beginning years dont count which probably are the best).


To make it down to earth and avoid generic answers that i have seen before here are some criteria.....

Initial starting capital = 50k
Percent at risk on any given day = 30% (based on my system's profitability analysis) = 15k.
Leverage instrument = naked options on spy, trading the directionality of the day. (or you can consider ES futures)

Preferably i would like to answers from those who are trading ES or trading options on SPY. But i welcome answers from any veteran trader. Please avoid generic answers, since i am past the stage intermediate and already making consistent profits. This is simply a question to vet my curiosity. I know what an average hedge fund makes and other such things, but want to see if there are any successful short term traders who are able to acheive much greater annual returns consistently. Weekly or monthly or annual returns are all welcome.

Thanks - s.
PS: please avoid silly answers to make this thread more useful to others in future, who might search the same topic.
    Quote
Old May 5th, 2012, 03:55 PM   #2
gmst
 
 
Join Date: Jul 2011
Posts: 4,447
Very interesting yet very strange question primarily because of the daily max risk of 30%. I don't know any trader who runs that kind of risk with 50k capital. Yes I do know a lot of folks running this risk with 1k-2k-4k capital trading FX. Anyways, please answer below.

Roughly (or very roughly), how many ES points per year does your system equates to? You may think this is an irrelevant question, but trust me it is very relevant. Please answer this and I will write back and my response will answer your question to some degree at least. Thanks.
    Quote
Old May 5th, 2012, 04:06 PM   #3
flipside21
 
 
Join Date: May 2011
Posts: 400
If you read Market Wizards 1 and Pit Bull, Marty Schwartz was making 25% per month with never more than a 3% drawdown, however, he's probably one in 100,000 people.

http://www.meetpips.com/members/Tony...25-a-month-man
    Quote
Old May 5th, 2012, 04:19 PM   #4
gmst
 
 
Join Date: Jul 2011
Posts: 4,447
Quote:
Quote from flipside21:

If you read Market Wizards 1 and Pit Bull, Marty Schwartz was making 25% per month with never more than a 3% drawdown, however, he's probably one in 100,000 people.

http://www.meetpips.com/members/Tony...25-a-month-man
Where did you read about 3% DD? Is it in the book, which page ? I have read the book, but don't remember reading 3% anywhere.
    Quote
Old May 5th, 2012, 04:23 PM   #5
oldtime
 
 
Join Date: Jun 2011
Posts: 7,479
you kids sure have balls. If you think I am going to take a 15k hit in one day on a 50k account one of us is crazy.
    Quote
Old May 5th, 2012, 04:29 PM   #6
oldtime
 
 
Join Date: Jun 2011
Posts: 7,479
Quote:
Quote from oldtime:

you kids sure have balls. If you think I am going to take a 15k hit in one day on a 50k account one of us is crazy.
oh, I got you. You mean just 15k committed in margin. Yeah, that sounds about right.
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider