Average daily profit with $50K account?

1a2b3cppp · Feb 23, 2010

Quote from asiaprop:

no it does not make any sense whatsoever because you completely ignore risk and a possible streak of losses which will always occur soon or later. Trading only makes sense in the context of your trades taken relative to your account size. Everything else is blatantly ignoring risk.
More...

Sigh.

I'm not sure how you don't understand that two people each trading 1 contract identically and both making the same dollar amount per week are not experiencing the same exact performance regardless of account size.

I don't know how to make it any simpler than that.

asiaprop · Feb 23, 2010

no, i dont understand even the second sentenced and stopped right there.

a) you still contradict yourself in your previous post
b) why do you post if you dont care whether others get your point or not?

Quote from jack hershey:

For me the ES has smallest capacity.

Next is position trading stocks. I have an upper limit of 100K shares per capital sub stream. Think of a nominal 30 dollar stock (3 million dollars).

The larger market is sector rotation. There really is no upper limit there.

I would say that a person could start with any amount of capital and compound. He would plot his equity curve on semilog charts.

20 to 40 trades a day is common in commodities.

100 rounds a year is logical in separate streams of capital in position trading. A turn would be 10% nominally.

Sector trading is where capital surpluses wind up when a person trades at commodities capacity and position trading about 12 streams.

A sector trade is about 4% a week and the hold would be about 4 1/2 weeks usually.

A hold period in any trade usually involves three price, volume moves: dominant, non dominant and finally dominant.

A CW trader usually runs into three situations in no particular order. these cycels are usualy referred to up down. I trade three moves instead.

A typical up down for a CW trader could be up down (Dom, Non dom)

Or it could be up down ( Dom, Dom)

Or it could be up, down (Non dom, Dom)

Above are six moves of a cycle of any instrument.

For me it is a long, then a short.

The long is dom, non dom, dom. The following short is Dom, non dom, dom

both traders go through the same doms and non doms; on trader is always fooled the other trader is never fooled.

CW trader sequence: dom, non dom; dom, dom; non dom, Dom. Each effort is different and causes anxiety, fear and anger. In the market then recover emotionally on the sidelines is the CW modus. (See Steenbarger, etc...) See OODA of John Boyd.... See the Bohr syndrome. See the Lizard Sydrome.

My sequence for the three market strategies is: Dom, non dom, Dom; Dom, non Dom, Dom. Both trades are identical whether short or long. We enjoy the three emotional traits of support, comfort and confidence since all patterns long or short are the same.

All moves were up, down, up, down, up, down in that order of cycling. But the volume told the story in the cycle order of Dom, non dom, dom, dom, non dom, dom.

I doubt if many people can do pattern recognition in CW type trading which is largely entry exit type trading. Very few traders go to the expert hold reversal level of trading.

How many traders get to the place where they have to do multiple types of trading to accommodate capital? That is why you asked a question. My comments above about two paradigms, CW and not W, are still foreign to your thinking and reasoning as what diferentiates CW from non CW type traders.

Don't worry if you do not understand these comments.
More...

1a2b3cppp · Feb 23, 2010

Quote from increasenow:

with a $50k account one could be throwing 50 ES cars...how do you stay in a $400 to $500 profit per day realm?...huh?
More...

Because you have good risk management and don't trade 50 ES contracts even if your broker allows you to.

Algo_Design_Kid · Feb 23, 2010

Quote from 1a2b3cppp:

Sigh.

I'm not sure how you don't understand that two people each trading 1 contract identically and both making the same dollar amount per week are not experiencing the same exact performance regardless of account size.

I don't know how to make it any simpler than that.
More...

That is what he is saying I think mang'

Or Im not sure what you are saying actually haha, but they are NOT experiencing the same performance BECAUSE OF ACCOUNT SIZE.

Their PROFIT IS THE SAME but THEIR ACTUAL PERFORMANCE IS MUCH DIFFERENT

1a2b3cppp · Feb 23, 2010

Quote from jack hershey:

CW trader sequence: dom, non dom; dom, dom; non dom, Dom.
More...

Those are eating noises.

1a2b3cppp · Feb 23, 2010

Quote from Algo_Design_Kid:

That is what he is saying I think mang'
More...

I'm saying they ARE the same performance.

It's late and I used too many negatives I think.

Two people trading one contract and having the same net gain are having the same performance, regardless of account size.

Trader666 · Feb 23, 2010

Here are a few Jack Hershey quotes that I hope help people to put him in context:

For a while I participated with a multidisciplinary team at a learning hospital at the invitation of my psychiatrist who is also a Native American shaman.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1555191&#post1555191

Even Jiminy Cricket has his old fashioned neck tie off or loose. this is a real treat for the mind.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2106468&#post2106468

This is THE place in THE world to be when I post. If you are so stupid to not have 3m micorpore tape to tape your mouth shut, then use the stupid person's painful type tape.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2111426#post2111426

what distinguishes me from Forbes 400 people is that they are greedy and selfish and I am not
http://www.elitetrader.com/vb/showthread.php?s=&postid=2610703#post2610703

Algo_Design_Kid · Feb 23, 2010

Quote from 1a2b3cppp:

I'm saying they ARE the same performance.

It's late and I used too many negatives I think.

Two people trading one contract and having the same net gain are having the same performance, regardless of account size.
More...

I edited my previous post

1a2b3cppp · Feb 23, 2010

Quote from Trader666:

Here are a few Jack Hershey quotes that I hope help people to put him in context:

For a while I participated with a multidisciplinary team at a learning hospital at the invitation of my psychiatrist who is also a Native American shaman.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1555191&#post1555191

Even Jiminy Cricket has his old fashioned neck tie off or loose. this is a real treat for the mind.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2106468&#post2106468

This is THE place in THE world to be when I post. If you are so stupid to not have 3m micorpore tape to tape your mouth shut, then use the stupid person's painful type tape.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2111426#post2111426

what distinguishes me from Forbes 400 people is that they are greedy and selfish and I am not
http://www.elitetrader.com/vb/showthread.php?s=&postid=2610703#post2610703
More...

Why isn't he banned yet? He doesn't contribute anything, including useful advice or profitable trading systems. His huge rambling posts waste bandwidth.

I propose everyone puts him on ignore list.

Trader666 · Feb 23, 2010

For anyone who wants even more insight on Jack Hershey, listen to these excerpts from Jack's camtasias where you can actually hear him speak:

get with it
http://www.mediafire.com/?m5mcmnhyjnc

does everyone get it
http://www.mediafire.com/?fdonychv3oq

do the work
http://www.mediafire.com/?dmgn3jjnnjl