Investing $15K to earn 3% per week

Discussion in 'Journals' started by PersistentTradr, Jun 16, 2007.

Will PT achieve his goal of 3% per week using $15k of starting capital?

Poll closed Jun 23, 2007.
  1. Yes. 3% per week is definitely doable.

    30 vote(s)
  2. Not a chance. He's nuts and doesn't know anything about trading.

    33 vote(s)
  1. Very simple plan to earn 3% returns each week trading the eminis.

    1) Beginning equity is $15k
    2) Number of contracts traded = ending equity / $7.5K
    3) Target is 1 pt (or 10 on YM) per day or 5 pts (50 YM) per week

    I will be using a basic pivot trading strategy. I'll post a chart of each days trade and the weekly results each friday.

    Ready, set, go!
  2. asap


    i wonder how persistent you intend to be. there is no way to come up with those returns in the long run without facing unbearable draw downs.

    settle for something in between 30-100% a year otherwise you'll get killed sooner or later.
  3. Earth to PersistentTradr, 3% weekly on a consistent basis is unrealistic and (I'm not even going out on a limb here) impossible.

    In 5 years your 15k would be $32.6 million if you could do that, which you obviously can't. Shoot for 4% per MONTH which still better than 98% of everyone here.

    The people who voted YES should do themselves a favor and close their accounts asap.
  4. mark1

    mark1 Guest

    Gee every time someone posts something like" my goal is to make 2 ES points every day", someone else posts those absurd calculations" yeah and in 3 years you are going to own the market".

    And yet i know more than a trader who has been making on avg 2 points for the past five years, but they don't own the market, ask yourself why before jumping at your calculator...

    3% a week is going to be very hard, but not impossible. Compounding for ever is first psychologically and then practically impossible, that's the only sure fact.
  5. mde2004


    3 a week, ET are happy if they make that in a year.
  6. Are you a newbie or have you been trading for some years?

    If you are a newbie the answer is no.

    If you have been trading for years, why haven't you made 3% a week already.

  7. Pr0crast

    Pr0crast Guest

    It's not so crazy to shoot for 1 pt a day. What is crazy is posting about it here and not expecting 100,000 bitter people to tell you it's impossible.

    Good luck to OP.
  8. Cy_M


    without compounding(well, once every 3 months maybe) it is quite possible if and only if you are an expert trader.
  9. Ugh...Rough start to this project.

    I traded a retracement to the daily pivot after price moved through it like a "hot knife through butter". I didn't get the expected follow through to the downside thus I was 100% sure my stop on the 2nd contract would get hit. Getting out of my second contract at 739 was a gift.

    Setup: Fade retracement to Pivot
    Entry: 13749 (at pivot)
    Stop: 13764 (just above 89 EMA)

    1st Exit: 13739 (10 pts)
    Stop Moved to 13749 (Entry Price)

    Descretionary exit: 13739 after price failed to make new low.
    #10     Jun 18, 2007