What;s a good monthly % return for day traders?

5% to 10% is very reasonable and very doable given your account size.

 

and oh .. by the way ... how can you talk about ROI when talking about daytrading ?

ROI means return on investment... you are not investing in anything... you are speculating price change....

 

If you can keep your losses to around 5 -10 percent monthly, you will be doing extremely well. Thank you for your time.

 

Dude, if you have 70% winners, assuming your R/R is at least even, then you are one of the best traders around. Go to a 2% risk profile and ramp up size big time (running a risk of ruin scenario with these #'s gives virtually no chance of failure).

if i had a 70% win ratio, i'd make millions every year. I do have this type of ratio paper trading, but unfortunately i hit only about 50% in reality after missed fills, hit stops, etc. Still good enough. I actually only need about 40% to do well. Boy I wish I hit 70%.

 

OK thanks guys and girls. We got there.

Cheers. Have a good one.

 

yeah got to admit. My method seems only about 45% successful. But as the winners are bigger than the lsoers I come out ahead.

70%+...must be scalping?

 

not scalping at all.... using only price action and 2 very well defined setups that, through screen time galore, i managed to filter them in my head and ONLY take the ones that look the best. very few trades/month actually (in the range of 15 - 35)

 

see, even with 70% winners with a 1:0.8 risk:reward i'm not thinking of making millions in the market.... everybody serious knows that markets change the way they behave and putting your trust in your strategy and building a long term plan on a strategy is a failing school of thought... instead i prefer investing penny by penny in other vehicles that are far more tangible than the markets.

 

In the world of daytrading and margin, percentages don't matter. That's why it's so hard to get a real response on the topic.

Take a guy who can double his $50k account, vs. a guy who makes $200k on a million dollar buying power account...the $200k guy is more likely to be the better trader even though technically he only made 20% return.

Dollar return is all that matters for daytraders.

 

10% per day for pros. 20% per day for pros is the most I have encountered, over years and years of averages. Percentages are only valid measures in retrospect. How is that for straight?

Newbies, do not base your system on a percentage. If you stretch to get more than the market is willing to give you, you will become the greater fool, and you will be crucified.

Success.