Who are some traders that you know of who have very high returns (99-200+% a year), consistently, over many years (say, at least eight)? What is their general strategy? Thank you.
Trade every occurrence of a signal(s) Trade breaks down - get out while the loss still small Trade works - remain in till it stops / you've reached the limit of your trade management skills Allow neither profit or loss to have an affect Get up and do it all again the next day Re-balance the account periodically RN
That reminds me - if someone made those sort of returns, what are the odds it would be done without margin/leverage? Next to impossible? If so, what margin/leverage ratio would it most likely be done with? (Sorry, I'm new and just trying to learn.)
Then refrain from sticking yer head in the clouds..., and put/ keep yer nose to the grindstone ========================= Another strategy employed: Focus on the process / routine / discipline / patience Never the results - in fact screw em RN
Usually, you can't have both intensity and extensivity. It's a trade-off. Usually, you don't pick a return then adjust for leverage. It's a non-sense. Usually, you don't open twice the same thread. It's a doublon.
https://en.wikipedia.org/wiki/Richard_Dennis $1600 to $200 million in about 10 years. That's more than 200% a year.
I agree. Try not to get too emotional in the heat~ of the trade...don't think about the results/money; instead think about the process -- and try to see the Bigger picture of things. why things move...the way, they move
A couple of the best traders I know play market neutral in uncompetitive markets. Unsurprisingly they are very disciplined people.
When you attain substantial capital, it is too risky to make 100% returns, it is different when you doing long term commodity trading though. There is a limit of how many contracts you can do in the futures markets day trading, even the ES during certain times of the day or before reports without causing your own slippage, and when you want to use stops on large quantity, again you will cause your own slippage. Early on when you really don't have money like less than 100k in your account, it is easier to make the returns you inquire, but after you have 100k, your mindset becomes way different. Just because you can use $400 margin does not mean you should, I hope 911 never happens again, but something bad most likely will happen again and if you are long 50 ES when exchanges close down for a week, you might wake up week later to when exchanges open to being down $250,000. You have to trade with this in back of your mind and each ES contract is worth over $100k plus right now. The big money is in long term trading by majority of stock investors and those from little to mucho money plus commercials trade long term Commodities. Usually many of those who are underfunded day trade as they have dreams of grandeur. Long term you have better chance of over 100% plus returns for several years. People don't realize that in a given year paying retail fees you have to make 100-200% to breakeven based on doing just a one lot and six trades a day in $5k account in day trading. You usually do less trades in long term. Not only do you have to fight all the demons that lay wait within you, and these are the demons you wish you never discovered, to learning a great deal of information that after a few years you wonder why you got into this at all, and you keep saying to yourself "I am so close", and 95% said that till the end. You keep plodding along and the markets let you win just a little "just to give you hope", ROFLMAO, Robin Williams line on golf. Yea, you better enjoy the process cause when you make it, you think..."that's all there was to it"? And yet you have trouble explaining it to those who are still plodding through it. The funniest thing is you think back to those who made it before you, they tell you how to do it, but "they" are on a different level than you at that time. Old Redneck and myself just a plodding along selling them new models of Egg cars on his car lot. Life is fun and good. As for me, meez going to Starbucks for expensive coffee since coffee near nine year lows.