Discussion in 'Trading' started by OddTrader, Dec 5, 2006.
Poll: How much % a day is impossible?
A more accurate poll would be what percent of your account capital do you make in 1 year? (Buying Power / 4 instead of account capital if you're in a prop firm)
I use to think 1% a day was possible when I first started trading. Now, I know a consistent 20-30% a year with minimal drawdowns will make you one of the best traders.
I bet anyone who put 1%+ a day is a new or losing trader.
This poll is mathematically illiterate and nonsensical.
Junk like this clutters up ET all the time... and reinforces false beliefs.
The potential or possible return...
Depends ENTIRELY on the level of risk one is willing to assume.
Were you watching or trading at the time?
do mean on average throughout a whole year? or do you mean on exceptional days?
I think that trading acumen may also have a little something to do with it.
Not necessarily a linear correlation. I made over 50% in a day when I was first starting out. Of course, that account is not around anymore.
Personally I don't know there is any standard way to count % return, as too many factors involved as far as I understand. What's yours?
As you have been trading for long time enough, you should have known how to vote, assuming personal optimal risk level is taken.
What % do you expect each day on average?
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