Trader from Hungary looking for Mentor or working strategy

Discussion in 'Hook Up' started by superdoji, Jan 3, 2021.

  1. themickey

    themickey

    LMAO
    will-ferrel.jpg
     
    #11     Jan 4, 2021
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  2. d08

    d08

    Ah, 100% APR with 10% DD, I assume you mean consistently. The naivety is something else nowadays. The minimum for daytrading for a living is a 100k account. Anything less is ridiculous.
    This itself requires a good 5 years to achieve any kind of usable skill.
     
    #12     Jan 4, 2021
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  3. d08

    d08

    You talked to the richest person who ever lived!
    500% compounded over 5 years from 25k is 2,139,704,211,279,846. 2 trillion dollars in five years, no problemo! Even at just one year you'll be at $3.8 mil.
    Stay in school children and study math.
     
    #13     Jan 4, 2021
  4. sef88

    sef88

    LOL if it's 100% annual profit with 10% drawdown, you should mortgage your house; max out all the balance transfers in the credit cards; borrow whatever money you can find and deploy into the strategy.
     
    #14     Jan 4, 2021
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  5. sef88

    sef88

    I would think half a million is more viable. 1 million is more comfortable.
     
    #15     Jan 4, 2021
  6. d08

    d08

    Depends where you live and whether you already own anything. 40% on 100k is not unrealistic and $40k allows most to live a decent quality life in medium income countries like Hungary (average person earning $1.4k monthly). Triple the average wage is fine.
     
    #16     Jan 4, 2021
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  7. sef88

    sef88

    I live in most expensive city in the world (Singapore - according to Economist.com) - though that is a kind of misnomer because the basket of goods and services are based on Expats basket which is kind of unrealistic for commoners.

    Survived on my portfolio of strategies which is mid 6 figures during my 6 month sabbatical (ending this month) to expedite my remote CS masters in Georgia Tech but it's still kind of a stretch (with a newborn and living expenses) to grow on a consistent basis. Will try to head back to workforce for easier cashflow. HAHA!
     
    #17     Jan 4, 2021
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  8. themickey

    themickey

    For CONSISTENT returns on mkt one needs a large trading capital.
    A reasonably good profitable trader will be lucky to pull in 30% pa consistently.
    Some will do better but getting over 50% pa will be difficult imo, nigh impossible.
    My guess is on average 20% pa would be a good year for many. That is on total trading capital.
    Now I'm talking about consistently, not every now and again.
    The smaller the trading capital, more inconsistent your returns.
    Getting consistent returns is difficult in itself for anyone.
     
    Last edited: Jan 4, 2021
    #18     Jan 4, 2021
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  9. sef88

    sef88

    I find that trading for a living. Having consistent monthly return stream of 1-3% is more palatable (I'm talking about monthly, not daily!). Having hugely positive skew strategy that gives outsized returns once in a blue moon is hard to digest and realize. That's my 2 cent worth.

    Of course I'm talking about total capital and not siloed strategies or accounts.
     
    #19     Jan 4, 2021
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  10. MichalTr

    MichalTr

    as I'm not making 1000% annual consistent profits I will gently leave this thread :p :) ... in shame and silence
     
    #20     Jan 4, 2021