Someone with $100K shouldn't be full time trading, full stop. I thought I'd made that clear already. And, to reiterate: you can't consistently make 100% a year without taking insane risks unless you are an extraordinarily good trader (say in the top 0.0001% - since to expect to make profits in a 95% expectation range of say 100% to 200% a year your Sharpe ratio must be around 6.0, which would make you better than every single hedge fund in the world except for the top half a dozen HFT firms). The corollary of this is that there is a 99.999% chance that someone who tries to consistently make 100% a year will be taking insane risks. GAT
For most of us me included, 1,000% is required year 1 of profitable. Forex and 100:1 margin, put 25% a week into easily acheiveable, IF your good, for a small sub 10K account. Wouldn't trade that much risk with a 250K account mind, hell no, still want 50% min on that mind per year.
Are you out of your Gauguin-deluded mind? You should eat your severed ear, so you can hear yourself speak.
I know a lad going back 20+ years trading stocks on ClearStation, started with 10K lost down to 3K pretty quick, stopped trading to research it, found a method got very good and switched on, million air inside of 2 to 3 years, it's very very very rare, but it can and does happen. Keep the dream alive, without that, working rest of my life and barely getting by, kill me already!!!
May I ask where you obtained the statistics on returns by professionals and small mom and pop retail traders?
Again noob. If you cannot achieve those returns you are so far behind from those that do noob so many noobs on ET Repeat if you haven't returned at least 100% on a small account less than 1 million so far this year, you are a NOOB Raise your standards noobs
It's well known that the average retail trader loses money. The performance of retail traders is strongly skewed, with a big fat bunch of losers and then a thin tail of winners. I assume that the people on the leaderboard at fundseeder.com represent a selection of the very best retail traders. Unfortunately they only have five year track records max. Average SR in the industry are much lower than people realise. Rentech are probably the most successful hedge fund in the world. Their Sharpe is about 2.5. It's incredibly rare to find a manager with a meaningful track record (say 20 years plus) with a Sharpe Ratio over 1.0, never mind 2.0. From public filings by listed HFT firms we know that they can achieve high single digit SR. GAT
%% Good points, about JPM warning of bitcon fraud + JPM chief compared it to tulip mania.That's in the past however, looks like the bitcon fraud is going to battle it out with bitcon shorts, shortly. NOT sure it is as good as tulip mania; with tulip mania @ least you had an good looking overpriced tulips when you got caught holding the bag. I do like the bitcon ads/pics even though bitcoins coins look real easy to counterfiet; but having never sen a real bit con coin, maybe wrong on the counterfiet ease?? LOL[Source MODERN TRADER magazine NOV 17 issue]