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10% per day, no way
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10% per day, no way

  #11 (permalink)
Market Wizard
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DionysusToast's Avatar
 
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Scaling is not the issue here. You could start with $100 on a micro forex account at Oanda and quite comfortably get to the point where you were trading millions without issue.

Of course, when you get to hundreds of millions in the account, I can see that you may have some issues. That's not what we are talking about is it though? OR are people saying that 10% a day isn't possible because when you have a billion dollars it becomes unweildy?

The fact is that markets do not give you a return for free. Return is a function of risk. Of course some methods assume more risk for the retun than others. In simple terms, if you take the sort of risks to return 10% per day, the end result will be a balance of zero or less when you hit a series of losing trades.

10% per day would be a holy grail system and searching for such things is not a productive endeavour.

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  #12 (permalink)
Live Your Bliss
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Ryanb View Post
This treat has been started because of my journal: 10% profit on account per day.

Please discuss here if you think it's possible to make 10% on account per day or not.

Please discuss well founded.

I feel that a much more interesting question is: is it possible to be profitable EVERY day?

Even if you don't make 10%, you will reach whatever financial goal you want if you can make something every day. The issue is not the %. It is the sign in front of it.

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  #13 (permalink)
Big game hunter
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Im aiming for 2% a day and thats a feat in itself . The 1st month I got 12% trading a 1 lot in a sim $1000 account . 10% a day in any account would probably put you in the super trader Stevie cohen category or better , even it was a $3000 account .

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  #14 (permalink)
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It's quite simple. Open a real 'demo' account connected to NT, not the sim101 account. So it can be remotely measured what the balance is (PFGBest has this I think, but you would need to put the orders in the other software, but that wouldn't be to difficult)

Then the OP can prove is knowledge, and the rest of us can go cry in a corner with our 10% per month -beating like every pro out there- results

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  #15 (permalink)
Big game hunter
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I stop myself when I begin being concerned with others results . I remember that its my account I need to focus on and no one elses .

I do however enjoy seeing others meet there goals and being rewarded for hard work and dedication so I extend that to the op and all others . I also know that the BS artists will be rewarded for their efforts as well .

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  #16 (permalink)
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DionysusToast View Post
Scaling is not the issue here. You could start with $100 on a micro forex account at Oanda and quite comfortably get to the point where you were trading millions without issue.

Of course, when you get to hundreds of millions in the account, I can see that you may have some issues. That's not what we are talking about is it though? OR are people saying that 10% a day isn't possible because when you have a billion dollars it becomes unweildy?

when your account is such that it can move the markets as you move, it becomes difficult to trade... there is a reason why one of the largest hedge funds with $80B+ in assets under management went from 170B+ down to $80B+.. it could not effectively trade all their money, only half was more than sufficient to provide their clients with their returns, and no, they dont generate 10% per day.. they generate about 30-40% on their money..

ensuring a strategy can scale as the portfolio grows is not an easy thing, and it is a problem.. a strat that works with $1MM, might not work when you make that $100M..


DionysusToast View Post
The fact is that markets do not give you a return for free. Return is a function of risk. Of course some methods assume more risk for the retun than others. In simple terms, if you take the sort of risks to return 10% per day, the end result will be a balance of zero or less when you hit a series of losing trades.

10% per day would be a holy grail system and searching for such things is not a productive endeavour.

you finally see my point...

but you are still missing one... 10% being no realistic is still your opinion, if someone else decides that they can develop and edge and make it happen, then there is no reason why your opinion or any else's should stop them from doing so.. the amount of risk they take is their own decision, not to be influenced by anyone but their own circumstances..

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  #17 (permalink)
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Eric j View Post
10% a day in any account would probably put you in the super trader Stevie cohen category or better , even it was a $3000 account .

Interesting, however, SAC returned under 20% in 2010... and about 3% YTD... so 10% a day with $15B+ in trading assets would place you on a league of your own above SAC....

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  #18 (permalink)
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Eric j View Post
I stop myself when I begin being concerned with others results . I remember that its my account I need to focus on and no one elses .

Amen to that...

I personally have no daily goals or monthly goals or what not.. at least not anymore... I dropped those a few weeks ago... I just position(swing/day) trade my options and I day trade the futures that I am ok with... my goal is to trade well and be profitable.. grow my account and as I gain confidence increase my size, if I am trading wrong or am distracted, or feel like gambling, then I reduce my size down to 1 contract and I focus on one market..

as you said, it is one's account.. which is why I have an issue when someone tries to convince me or anyone else of what is feasible or not.. if the argument was as to what is realistic, then I can understand, but feasibility? I believe the sky is the limit.. if I can somehow come up with something that short term gives me 100% returns every single day, I would milk it until the edge is gone, even if that meant it was only for 30 days..

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  #19 (permalink)
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sysot1t View Post
Amen to that...

I personally have no daily goals or monthly goals or what not.. at least not anymore... I dropped those a few weeks ago... I just position(swing/day) trade my options and I day trade the futures that I am ok with... my goal is to trade well and be profitable.. grow my account and as I gain confidence increase my size, if I am trading wrong or am distracted, or feel like gambling, then I reduce my size down to 1 contract and I focus on one market..

as you said, it is one's account.. which is why I have an issue when someone tries to convince me or anyone else of what is feasible or not.. if the argument was as to what is realistic, then I can understand, but feasibility? I believe the sky is the limit.. if I can somehow come up with something that short term gives me 100% returns every single day, I would milk it until the edge is gone, even if that meant it was only for 30 days..

Well, 100% at just 20 days would leave you with $104 Million, even if you started on day one with $100. So after that point I hope you'd just retire and let me use your edge for the remaining 10 days :-)

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  #20 (permalink)
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Hi,

Just stumble across this thread. A pretty interesting thread indeed. I've 2 points that I might want to add to this discussion.

1. It is possible to get 10% per day possibly more "on average" (but clearly it's impossible to do it everyday)

The secret to this is to use market's money as part of your money management. Clearly this technique is completely doable, but it's for master class trader only who have complete control over their psychology since serious drawdown is inevitable (I'm talking about the kind of drawdown that will make a normal trader cries like a baby here).

2. In high probability trading system, winning streak tend to occur. Any foolish mortal who overtrade this system might luckily get that kind of performance over short period of time.

This period might vary depending on how lucky they are. But a month, is a bit short and hence it's quite possible I would say.



In my opinion, trading world is crazy. In the past, I've been proven wrong again and again. I've no doubt I'll be proven wrong again in the future. The boundary between "what is real" and "what is not" is very thin.


Cheer

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