I know Larry didn't day trade. It can vary dramatically from year to year. In 1987, Larry Williams won the year-long World Cup Championship of Futures Trading® with an astounding 11,376% net return. In 2001, a modest 53% return captured the crown. This is from https://www.worldcupchampionships.com/about
I don't agree. Trading skill no resample professional sport in the technical side, maybe in the psycholog side. I belive it's more like playing an instrument fluently.
It is possible but you need to be able to be very precise. The question you should be asking is how much can I lose per day on average over a month, and how much I can I win on average per day over a month to offset that. Set a Max daily loss, Max loss per trade is probably the best thing I could council. But the real work is choose a method that is sustainable over 1000 trades and-or over 25 trading days (a little over a month). Not all methods work in all market conditions. Either choose one that is, or have multiple methods and know when to apply a particular method. Don't make any mistakes. Also know ES is VERY FAST. Most of the Market order I submit are not executed at the price I see on the screen. I use IB. There is a 65ms ping to cdc1.ibllc.com (central US server)* from my machine. They claim there is a 250ms delay from IB to the exchange servers. So 325ms one way. Double that for a round trip. A lot of my orders will go off BEFORE I see the print on the screen. You have to adjust your tactic to account for this. E.g if you are closing a LONG, you need to submit your order while it is going UP or paused, not going down. Today 50% of the fills like this filled 1 or 2 ticks above what I saw on the screen. * I live on the West Coast. IB on the east coast is a bit longer, and the CME is in the mid west.
Loeb you appear to be above average intelligence. You also are able to write clearly in English. With that said, I believe that you can learn to be a profitable day trader regardless of what this thread in ET is providing you with all kinds of "extraneous" information that may or may not be helpful. But this approach to getting you some solid method to achieve your end goal of learning profitable trading with as much as a 50k account. These posts are just going to discourage you and confuse. Good Luck my Israeli friend.
In the opposite!!! It's encarug me. I just want to feal if this kind of performance are exceptional or average... I felt in here in ET real traders my gave me perspective about the effort. I loved the comments. Really thanks.
I don't know if I should roll on the floor laughing or cry in despair. Trading is more like professional sports than anything else