How is retail day trading anything but a gamble?

Discussion in 'Trading' started by kmiklas, Jun 4, 2020.

  1. Your past matters shit to us
     
    #221     May 31, 2021
  2. virtusa

    virtusa

    Yes, trading 100 contracts ES per trade.
     
    #222     May 31, 2021
    deaddog likes this.
  3. I going to quote you and give you benefit of a doubt and use the extremes. So you are saying someone with $999,999 in their account can make $100,000 per day "easily"? I have no doubt that yeah you can make 100k in a day with that money if you yolo your money, you can make double or triple even but its all a matter of survival and avoiding risk of ruin.

    You are saying someone can make 10% of their account per day for long term which is ridiculous. Even 1% a day is already super elite level if you can maintain it for long.
     
    #223     May 31, 2021
  4. qlai

    qlai

    Agreed, when I made that statement, I was referring to traders who are constrained by liquidity rather than capital (like prop traders)
     
    #224     Jun 1, 2021
  5. virtusa

    virtusa

    I see now that I read 6 figures a year, but you wrote 6 figures a day. Was assuming per YEAR not per DAY. My mistake. Per day would be awesome, but not realistic.

    I started from the post made by @biloselhi. He was speaking about daily profits to make a million a YEAR.

    You can see clearly that I was speaking about YEARLY, not DAILY in the post below:
    2021-06-01 08_26_00.jpg
     
    Last edited: Jun 1, 2021
    #225     Jun 1, 2021
  6. Go read previous poster. He said 6 figures a day easy.
     
    #226     Jun 1, 2021
    qlai likes this.