Stock day-traders, how many points a day?

Discussion in 'Trading' started by hapaboy, Jan 25, 2003.

  1. How many points did you net a day on average in 2002?
     
  2. blackswan

    blackswan

    POINTS per day? what the?

    (I see a couple averaged over 5/day. Yeahh riiighht)

     
  3. First of all, most people here will lie to themselves and if they have results like +1,-3,+3,-2, 0,+4,-1,+3,-1,+2 for a series of days they will claim to average between 2 and 3 points per day.

    Secondly, some traders calculate points in 1000-share lots, so if they make a half point on 10,000 shares they count that as a total of 5 points.
     
  4. blackswan

    blackswan

    I thought it would be obvious to count the points as points per share.
     
  5. You would think so. But then again if you buy 1000 at 10:00, sell them at 10:30 for a profit of 1 point, buy them back at 10:31, sell them at 11:00 for another profit of 1 point, that would make your profit per share 0.2 points, right?

    If you buy 1000 at 10:00, sell them at 10:31 for a profit of 1 point, but buy another 1000 at 10:30, sell them at 11:00 for another profit of 1 point, technically that would make your profit per share 0.1 points, although the trading histories are almost identical.

    Of course, there is a difference if you take margin into consideration (IF you be so inclined).
     
  6. why not just ask the % annual return?
     
  7. I'm asking for net points REGARDLESS of shares traded.

    So, let's say on a certain day you made 3 trades, one where you made 1/2 a point, one where you made 1 point, and another where you made 1/2 a point. Your net points that day is .66 (1/2 plus 1 plus 1/2 divided by 3 trades).

    Another day you make 4 trades with the following results:

    +.50, - .25, +1.50, -.50

    Your net points that day is .31 (.50 -.25 + 1.50 - .50 divided by four trades.

    So disregard the number of shares traded, please.

    Sorry, I didn't think it was this confusing.
     
  8. Sittas

    Sittas

    The question was not confusion.... :)

    I usually make 2-3 trades a day and make about $1.5

    Happy trading,
    Sittas
     
  9. Sittas

    Sittas

    That means about $0.5 per share. This includes failed trades.

    Happy trading,
    Sittas
     
  10. The game is no longer about points a day... its simply about being green by the end of the day more often than being flat or red, and being grateful for the occasional big day which comes along...
     
    #10     Jan 26, 2003