New school leaver who was in long queu to get a job at maccas flipping burgers. "Hey boss, show me your books, profits, loss, outgoing expenses, I was thinking for 12 months but better make that 10 years cause 12 months is not a good indication". Says maccas boss, "Mate do you wanna join us or what?...." Moral: Prove to yourself you want to do it, never mind the others. Trading is a journey not a destination. Do you wanna travel, the alternative is go sit on sofa, lot less hassle.
To make 3% every week is an exceptional return. To make 15% (taking the midpoint of your 10-20% range) every week is an immortal return. These are the figures you are suggesting, for one year, for a trader with $50k.
Trading doesn't work that way. You can't compound to infinity. It caps after a certain amount for obvious reasons.
No, of course it doesn’t make sense. It was to show why those numbers are unrealistic. A 3% return every week is also unrealistic. It’s unrealistic because it assumes the trader makes 1% every single day. Let’s assume no system/strategy has a 100% win rate, so take 80%. Monday he loses 1%, Tuesday makes 1% taking him back to flat, then makes 1% each day on Wednesday, Thursday and Friday. That turns $50k into $232k, giving a yearly return of 365%. Those numbers are not likely, not because of market limitations, but because of idea generation and risk management. Most people/funds in this industry would be happy to make 0.5% a week. That’s an extremely healthy 30% yearly return.
Ok it is exhausting to debate with you guys. Your spreadsheet above should work perfectly fine until about 500k when liquidity issues come into play. That is I should be able to make 3% a week until I reach about 500k. That is why I said you can't go up until infinity. Anyway it is futile arguing at this point. I will come back in a year and tell yall how I am doing with proof! I need to focus on trading instead of responding to posts here.
To make 3% a week you would probably need the following; Trade automated/semi-automated Trade speculative stocks Have a very good data supplier and computer system and software Know how to program algos obviously Be doing this full time with experience under your belt. Be well capitilized Be very aggressive in entering and exiting, trading by the system, not allowing emotions overrule. (aggressive = not hesitating and hitting positions with good size)
Your reaction shows that you are rather cleaning offices then trading. It is not about being woman or not. It is about the fact that people who really make money (like these scientist) never brag about it. Only low educated people try to pump up their low self esteem by bragging how much they earn cleaning office. The same happens on ET. The real traders don't post performance, only the newbies or wannebees do.
Why does it need to be automated and why does it need to be well capitalized. This is what 3% a week starting with 10k will look like after 52 weeks. Not bad for a 1st year. 10,000 10,300 10,609 10,927 11,255 11,593 11,941 12,299 12,668 13,048 13,439 13,842 14,258 14,685 15,126 15,580 16,047 16,528 17,024 17,535 18,061 18,603 19,161 19,736 20,328 20,938 21,566 22,213 22,879 23,566 24,273 25,001 25,751 26,523 27,319 28,139 28,983 29,852 30,748 31,670 32,620 33,599 34,607 35,645 36,715 37,816 38,950 40,119 41,323 42,562 43,839 45,154