How much do day traders make

Discussion in 'Trading' started by newdog, Jan 27, 2017.

  1. speedo

    speedo

    Surf has one of the finest Section 8 studios in West Palm.
     
    #101     Jan 28, 2017
    algofy likes this.
  2. Jack1960

    Jack1960

    If you are any good, you can make several Milion dollars a year. Seriously.
     
    #102     Jan 29, 2017
    Vindago and systematictrader like this.
  3. Vindago

    Vindago

    as I said between 500% and 2000% is achievable for a few unusual thinkers.
     
    #103     Jan 29, 2017
  4. motif

    motif

    With what? A bankroll of 2000 dollars? Which is probably what the general population can afford. We have to be a little realistic.
     
    #104     Jan 29, 2017
  5. Turveyd

    Turveyd

    IT consultant £30 per hour, in a good hour I'm pullng in say $200 on the low side, so already making more, but I let losers run against me occasionally, which i need to solve first.

    $4000 area account so that's 5% in an hour at times.

    Took me 10years area to stop fighting the trend and finally only trend trade, makes it soooo much easier.
     
    #105     Jan 29, 2017
    systematictrader likes this.
  6. Turveyd

    Turveyd

    Million is tricky, trading futures keep your margin to the limit 50k to trade $100 per pt, run 2 positions 100k, 200 per pt?

    No point having much more cant use it.

    So thats 5000pts per year, 100 week, 20 per day.

    Okay doesnt sound too bad, but you lose the expotential growth that small accounts give.
     
    #106     Jan 29, 2017
  7. southall

    southall

    On its own those numbers are pretty meaning less.

    What kind of leverage is being used to generate that return?
    What kind of drawdowns do you expect on the way to 2000%?
    Can you make that return on a $10 million trading account, or are you talking about a 10K account.
     
    #107     Jan 29, 2017
  8. Vindago

    Vindago

    well, lets give some context:
    • no leverage on stocks, max 8x on Forex
    • 1-2% max drawdown on the account and very occasionally as if the trade is not doing what is expected it is better to get out and occasionally reverse
    • Why would I want to do that? I would never retail trade with a 10M$ account as I would have way more money than I need. But let's say I have a 50K account, that's about 250K to 1M by the end of the year, right? now I believe it is possible to scale up (especially on forex) to a 500K account that would potentially make between 2.5M and 10M a year...I won't know what to do with those money so I couldn't care less...
    at the end of the day, I chose to trade full time to gain time for myself not to make a fortune...
     
    #108     Jan 29, 2017
  9. southall

    southall

    500% to 2000% a year with max 1 to 2% drawdown.

    May be in 1999 someone did that, but nothing near that kind of Risk/Reward can be done on a regular basis.

    You will be lucky to make 100% a year with 10% drawdowns (10:1), is the absolute highest R/R you should might expect as the worlds top trader, and is outstanding.

    100% a year with 33% (3:1) drawdowns is considered really good, a good goal for most traders.
     
    Last edited: Jan 29, 2017
    #109     Jan 29, 2017
  10. Vindago

    Vindago

    yep, probably you are right, I will let you know what happens by the end of the year...
     
    #110     Jan 29, 2017