Tell me how much leverage I take, what's the margin I use? You are the expert. But you can't even answer that question, so how can you calculate my risk? Where are my stops? What is the average win or loss per trade? Risk depends from 2 things: what you do, and who is doing it. An idiot can lose everything even in very simple low risk products, while an expert can manage higher risk with much less risk of failure. I have several friends who lost much more in buying and holding stocks then me daytrading the ES. So you say that I have about 25 years of luck? Only had 1 wipe out in my first years of trading, and after that even NEVER a margin call. I never said that average Joe can trade this, but that was never the question. And I am selling nothing as I always tell that the majority will never succeed. But it is doable. To know if you can you should try, nobody can tell if you are able or not.
Yes, Mtrader, as an ex day trader, I represent the 90%. I found in my case longer time frame trades and options were profitable but day trading was not, and I took early retirement from my day job more than a decade and a half ago by the way. I am not arguing, just that I have not met any day traders that can consistently year after year get outsize returns of >>20% to 25% every year. As one of them, you are my hero and I wish you well! Regards,
Because he is living off his profit as a full time day trader. If he does not need his profit to put food on the table, yes he can and should compound (just like some of us here). Best wishes.
Why would you want a trader who is doing well years after years to advertise about it? Normally, to reach this stage, the trader would have learned quiet a LOT about human nature - such as attracting insecurity by letting other know about what he does; so why would such a trader take a risk that can only lead to additional problems?
Yes, you are a good day trader and you said getting ~25% a month consistently is what you folks can do. You can compound meaning you do not have to live on your profit and can plow it back to your capital base, it is easy math. If you start with $2000 today, in 60 months your $2000 will be $1.3 billions. Even if you have occasional draw down of 30-40% (say one or two months a year a reasonable assumption since you folks have good risk management plan), you will still be a billionaire in less than 10 years. The key is compounding and not take money out. Best wishes.
I don't. I did not start this thread, I just added my comments so we can look at things from a different angle of more modest goals, instead of trying to figure out how to get outsize returns of >> 200% a year, year after year which in my opinion is very hard to do.
"very hard" a.k.a. "unrealistic" But of course @Mtrader would rather have us believe that there's nothing wrong with what is effectively pure gambling.
Personnally, but I am talking from an "outsider mindset", if one is trading for their own account and is into really working hard in trading, one should definitively shoot for over 200% a year. Obviously, the issues are different than going for 5%. The final reward has to be worth the gargantuan effort.