As I can and have made 10% in less than 10minutes, %%% amounts aren't worth much, what you need is $$$ amounts, 10% per year + value $100,000 very nice, 10% in 10mins + $200 no biggy. The more $$'s you have the smaller the %%% your going to make, but the $$$ value will also likely be bigger.
You're saying you can earn 10% for every 10 minutes in a trading day, everyday the market is open? This is the measurement of success, starting balance back JAN 1 2016 to DEC 31 2016. Calculated as a percentage provides true profit stats.
No I said i have made 10% in 10mins, not that i can do it often, the more mony i have the lesser the % I'll make.
I ended up about 45%, was higher going into those last few days, and at one point was over 130%. I should have sat out August and December. Could that be duplicated, next year, maybe but probably not as law of large numbers takes hold. I had a few homeruns...FCX in equities and TPX in options with a bunch of singles, doubles and triples that add up. I swing trade, mostly options, both write them and buy them with, the occasional equity day trade. Roughly 400 total trades for the year. Rarely used margin since options are 100% cash. Used Kelly Criterion as a guide to spread out my risk. Happy New Years everyone!
Then i can say i made 100% on some long CSCO call options back in feb/mar. I don't buy calls often but the setup was staring right at me.I don't use individual trade to measurement my account. Take the beginning balance Jan 1 2016 to Dec 31 2016. Calculate the difference as a percentage from beginning balance Anyone willing to share annual charts with account number removed.
I don't understand why people constantly "compare" their trading performance to that of multi-million/billion dollar funds or net worth people. A small account is more nimble with strategy and execution, and has next to zero concern about affecting price up or down with most if not all, trading instruments with liquidity. Myself, I aim to double my account every 6 to 8 weeks. And then sweep it, and reset it to the original starting value and do it again. Sometimes I sweep more frequently, prior to reaching the goal, because, well, because I can! Sometimes, it takes a little longer, 10 or 12 weeks. The caveat, or perhaps it is the key, to this methodology/strategy/technique/management/whatever, is full understanding and comprehension that you can only take what the market(s) offer. Intraday volatility, or in todays overall low volatility market I just refer to it as intraday swings. As volatility overall increases, the speed at which I can reach the doubling increases. I'm looking for at least a few of those periods in this new year. NQ this past week was very rewarding, the previous week, YM. TF, almost always lol. I'm saying that from a trading viewpoint, not from a bullish or bearish stance or bias. Of course there are losing trades, and even losing days along the way, but guess what.. that's part of the trading business. Even the 99c store makes mistakes and must reprice certain items. Point being, it is not about being right 100% of the time. It is being able to recognize and capitalize on what the market(s) are offering. Sometimes it's a little, sometimes a lot. It is dynamic and ever changing, every day. I am a full-time, independent, futures trader. Flat, end-of-day, produces my daily bread. Swing trading is "investment" to me. How bout that SB and CC. Good trading to everyone in the new year.
This way we can see who are the real profitable traders. And ignore the noise. There's a lot of noise on here. Here's an example, assume a trader with 250k account. Total return from all trades is 20%. That's a decent retirement living pulling $50k out of a trading account, without any debt. But the shooters in here have big returns without discussing draw down.
In my intraday trading, drawdowns are small, MAYBE $100 per contract. And that is because, a drawdown of more significant size, in my way of doing things, is a wrong trade, and therefore is a losing (or if deemed likely/appropriate, breakeven net) trade. I just move on. It is mentally freeing to me to move on. No hoping, no anxiousness, no changing strategy, no further lost opportunities. Just... next! I'd also disagree that retirement living on 50K is decent. But that is me. Everyone has a different definition of decent, based on their life. There is no one-size-fits-all answer. We can disagree on the number.
Have to be entire account, had options account literally triple over night in a gap my way and a few weeks later while being greedy a gap and run the wrong way pretty much wiped me out, 1 stock SEC warning tanked my way got me back to 2k thanfully.
Charts with the amounts ignored and all deposits and withdraws removed is what we want. What is considered descent depends on where you live $50k usd in America per year is rough, that would be twice by business clears per year here nearly and sure you can live like a king in Iraq say