I seen from a SEC stats that over 25% of trader makes over 200,000 and over 25% of trader makes over 100,000. I wonder does that include proprietary day trader. What are the chances of a day trader making over $100,000 or 200,000? Is it a impossible dream?
I'd love to see those statistics, show us the link. I think a more accurate statistic is that 90% of traders LOSE money!
Wet Dream: You are off to a great start here! http://www.elitetrader.com/vb/search.php?s=&action=showresults&searchid=2366262
I think the average good trader can make about 0.5% to 1% a day. So for you (if you manage risk properly) to make 100,000/day you need to be able to safely trade $10,000,000 million/day. If you go retail, you will need about $1,500,000 million capital to get portfolio level leverage (I think6:1). If you go prop and you are lucky to get at least 20:1, then you will need about $500,000. So yes, I think you can make 100k/day with that type of leverage @ 1% day ...
It's definitely possible to fairly consistently make 6 figures per annum trading intraday. Whether the typical beginning trader will ever reach that is another matter. But it *is* possible - I've done it myself for years, albeit with the occasional dry spell.
"It's definitely possible to fairly consistently make 6 figures per annum trading intraday. Whether the typical beginning trader will ever reach that is another matter. But it *is* possible - I've done it myself for years, albeit with the occasional dry spell." Hi Cutten, How long have you been day trading before you reach six figures? Do you have to do a lot of trades?
It is all matter of percentage ... on how much capital you have to trade. For example, if you use the same percentages, and your strategies/risk works well, at 1% per day avg you probably need about $150,000-$300,000 to invest ... that would be about $1,500+/- per day .... in theory you can start making 6 figures from the first month you start ... It all depends on how much you start with and how good of a trader are you ...