You are putting artificial limitations on trading. Trading risk is always measured relative to trading assets, not total personal assets. If you hand your trading/investment assets over to a professional money manager they do not concern themselves with your total assets.
only way to make that kind of money is to have multiple black box programs. No way one trader can make that kind of coin sitting behind screen pushing buy sell.
But a friend of mine, her new boyfriend told me and my wife that he avgs. 100k/day day trading in addition to earning 1mil/yr in long-term capital gains. Is this common? Very!!! Most Et'ers get that and more M-F.
Ask all ET posters what they average per day. You will find the average to be about $100 per day, if they are honest. I would ask to see the boyfriend's broker's PRINTED P&L statement for August before I would believe his claim.
Yes, I put limitations on my trading, but that's my personal decision. I'm satisfied growing the account slowly, increasing contracts very slowly and investing profits elsewhere for diversification. I was around during the 9/11 event. Black swans are infrequent, but they do happen. My reasoning is that I prefer to be conservative relative to my total assets when it comes to trading. I'm just more comfortable that way. Others are certainly more aggressive. My goal was to be consistent in my trading, which I am. I think it's important to recognize that a trader's comfort level is very personal and not something that can be always calculated into a position sizing algorithm.
while i understand your point, what you just described is also limiting your trading potential. if you have a 10k account, we both know your broker will let you trade a lot more than a 1-lot. most brokers will let you trade 10-20 lots on that size of an account (even more with brokers offering $300 margin :eek: ). but, with risk management and capital preservation, you would limit your exposure. hopefully
100K a day on average? Ok, please ask "your friend" to provide a daily blotter as proof. Personally, I've been profitable trading equities since 2001. I make over 2 million per year in short term trading within the last 3 years. However, liquidity is always an issue. That's why I usually trade ETF's.
100k a day is very possible in my mind. fuck! 1mil+ a day is possible. don't let your own thinking....... limit what you think is possible. even if the guy is lying there is people somewhere that are making that and then some. I like to think anything is possible. think big guys.... why think small!