1% a day consistently: possible?

Exactly!!! And if you can live with only that as a number, then that's great. I can!

 

Yes, is was a long time ago.

 

Anyone who claims he averages "1% per day" is either:

1. A total fricken MORON

2. A GROSS LIAR like the world has never seen... should go into politics.

 

Ugh, this thread died in Mar 2006.

Please let it rest in peace.

 

Have you considered ROI margin, rather than total capital?

 

wonder where this guy is today?must be rich by now.

 

That's being realistic.

 

If you buy a second hand Ipod & invest say 1% of your capital in that deal, is it possible to make 1% on that deal? People that know their market average a hell of a lot more than that when looked at books at the year end. People confuse invested capital with total net worth (total capital).

 

Agree, I would not put all my capital in an account trading futures either.

 

The calculation should be based on margin I guess for people on ET. I don't like it because it doesn't allow one to compare across assets like options futures and equities. But people on ET love it because they can then claim they make 1% a day trading futures, which is of course inane.

If you open an acct with $2500, trade 1 NQ and make $250 after comissions, you made 10% on account size. It is possible, but to do that consistantly is unheard of.

The calculation imo, should be based on the size of asset being controlled, or real money in play. So if I buy 1 ES with $2500 margin, my return is not $250/$2500, but $250/Size Of ES Contract, or $250/$50000, or 1/2 of 1%. That allows for comparing returns across assets.

nitro