Elite Trader's day trading spectrum

Discussion in 'Trading' started by rajesheck, Jan 28, 2017.

Where do I belong in the spectrum ?

  1. Part timer, Naural trader, manual trading, ROI above 5%

  2. Part timer, Naural trader, automated trading, ROI above 5%

  3. Part timer, Naural trader, manual trading, ROI below 5%

  4. Part timer, Naural trader, automated trading, ROI below 5%

  5. Part timer, Passionate trader, manual trading, ROI above 5%

  6. Part timer, Passionate trader, automated trading, ROI above 5%

  7. Part timer, Passionate trader, manual trading, ROI below 5%

  8. Part timer, Passionate trader, automated trading, ROI below 5%

  9. Full timer, Passionate trader, ROI above 5%

  10. Full timer, Passionate trader, ROI below 5%

Results are only viewable after voting.
  1. Let us register our spectrum of day trading styles and results. :)

    How do you know whether you have natural trading skill?
    You only need to judge yourself. :)

    IMO, ROI anything less than 5% / month is not worth the effort in day trading.
     
    lawrence-lugar likes this.
  2. Sorry, I'm not a day trader so I can't cast a vote. What is a "naural trader"?
     
  3. If you are an automated trader then please cast your vote.

    There is no fixed definition for a natural trader. If you trade like a pro in the first year itself then you are a natural trader. :)
     
  4. Xela

    Xela


    My guess is that most members will disagree with that perspective. I certainly do.

    (Granted, some significantly undercapitalised people will perhaps agree).

    4% per month, compounded only monthly, represents a 60% annual return: I'd think that's probably better than at least 99.9% of the trading community manages, and is hugely worthwhile.
     
    comagnum likes this.
  5. I agree and disagree same time. :)

    60% ROI is undoubtedly magical. Yet considering that initial capital of day traders is generally not huge, 5% or more would be worth the tedious day trading effort.

    In long term one limitation I see in manual day trading is that we can not keep on multiplying our capital. There will be a saturation point due to the volume traded in the chosen script. From that perspective also 5% or more is decent, not extravagant.
     
    Last edited: Jan 28, 2017
  6. algofy

    algofy

    Sorry but this poll is crazy subjective and not helpful.
     
    rajesheck likes this.
  7. True. :)

    Trading is a blend of art and science. So its a mixture or subjective and objective. I have set this poll in a balanced way. This is a bit unconventional and expecting some unexpected results too.
     
    Last edited: Jan 28, 2017
  8. Xela

    Xela


    If you're referring to a belief that the "median" capitalisation among prospective daytraders is lamentably and unrealistically low, then I'd agree with that perspective.

    (The overall success-rates, however you measure them, and whoever's figures you believe, for any kind of self-employment are very low. The overall success-rates, however you measure them, and whoever's figures you believe, for trading are doubtless even lower. The overall success-rates, however you measure them, and whoever's figures you believe, for daytrading specifically are doubtless even lower still.)

    But I can't share your perspective that anything less than 5% per month isn't worth talking about.
     
  9. Robert Morse

    Robert Morse Sponsor

    I have been in the business for over 35 years. 5%+ month with an account of material size today, is an unreasonable expectation with any strategy. If there is that much edge, someone will do it faster in size for less. Very rare.
     
  10. Overnight

    Overnight

    Your poll is incomplete as you are missing categories, and "natural" vs. "passionate" is not defined. Ergo, poll is invalid.
     
    #10     Jan 28, 2017