ok so 5% per month is doable. 1% per day EVERY DAY? That's over 20% per month. Hmmmm...I am not interested in going for these kind of returns. Thank you
I do not risk more than 1% of my account per trade. Then: profit will be: 8*1%*2=16% loss will be: 2*1%=2% then for me % monthly return would be 14% PS: I have approximately 8 winning position per months I have approximately 2 losing position per months reward to risk ratio of my positions mostly is higher than 2 I should add that if I increase risk per trade my profit will increase but nobody is sure about future
^^^ intra day trading ^^ ? 14% ...like I said i'd be more than happy with a 5% Return. Paper trading os far it seems doable...easily. I go live 1st May.
chipper, get to know a small number of stocks very well and you can use your volume to do things others cannot do when you learn how the players react to your trades. It takes a bit of testing the market. For ex if you want to add to your position, sell a big block at limit in a quiet market and watch how it triggers sell programmes. You will only get a partial fill - say 20% of your holding. Keep your position hanging like a black cloud on level II several minutes and watch the price fall hard because of you. After a few minutes cancel your order and buy in small amounts. You'll get back to par but with a profit. You were asking about games the MM plays - you can be a player too if you have size.
Depends on how much capital you have... Running a $50,000 account and a $50,000,000 is different. I don't agree on ranking / comparing how good a trader is just by their % returns.
Yet another handle T28 you aussie wanker why dont you take the hint? How many times have you been banned you prob cant remember yourself so a close guess would do. Has anyone been banned as many times as this bloke in the history of ET