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

  #1 (permalink)
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DionysusToast View Post
10% per day is not simply a target. It would make you perhaps the best trader on the planet. Surely this is more than just a target, no? Perhaps I am alone in making less than 1% per day.
.

gents, 10% per day is feasible.. specially if your account is $3K...

what you are asking, or should be asking, is can the method scale when your account is let's say $100K, even better... $250K -$1000K? I think that would then be rather a feat of skill...

I have seen guys make $200K-$300K on a single day on the Velocity Leader Board, but if you were to look at their account size in terms of %'s, I am certain it is not 10%, but rather more like 2-5% of the account, and those are their best days when they decide to push the envelop because the odds where on their favors... the remainder of the days they are doing $30-100K..

I looked at the spagetti on the charts from the OP and got lost.. but if the method works, all the power to the OP.. to me it was distracting quite a bit, I wasnt sure what to focus on, but that was just me..

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  #2 (permalink)
Market Wizard
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sysot1t View Post
gents, 10% per day is feasible.. specially if your account is $3K...
.

No it isn't.

It doesn't matter what size your account is. No trader can make 10% per day.

Still - this is what undercapitalized newbies want to hear - that they can turn their $3k account into a million one day. It is a pipe dream.

There's one way to prove your point though - open a $3k account and show us 10% returns per day. I will extend my offer to Ryan to you too - do this for 30 days and I will give you $1000.

It would be of benefit to newbies to see you attempt this. Maybe a few newbies will understand that trading isn't a get rich quick scheme.

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  #3 (permalink)
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you seem to miss the irony of my words when I said it was feasible, and please read and realize that I never said I was doing it... but I wont argue, as it is not worth the effort or time...

also, let's put this in perspective.. $3K account, 10%=$300= 6pts on ES, ~30 ticks on CL/EB/EMD/TF/6E/6A.... now contracts wise... thats about 6 on ES if you want it all in one shot... you are shooting for 10%, but it might cost you as well 10%... and your account to be depleted in no time...

now, anyone that is "new" should read and educate themselves and not take anyone's words as law, not even yours, not even mind..... but rather question what is being stated..

I personally would not allow anyone to tell me that I cant make 10% per day, nor that I can... as we are all different and have different account sizes and difference tolerance levels for at risk capital... why let someone limit my goal and purpose? it is that simple to me when it comes to your argument..

just like I laugh a bit at RyanB on his statement, I dont find it not feasible depending how it is done, but I do not find it scalable.... just as I dissmiss your argument which is based on stating that it is not feasible, given that it could be feasible.. there are two sides to every coin... offering to pay $1K to someone does very little to add value to a discussion, not to mention that $1K is not that much money, I would suggest to rather please state why you believe it wont work with supportive arguments..



DionysusToast View Post
No it isn't.

It doesn't matter what size your account is. No trader can make 10% per day.

Still - this is what undercapitalized newbies want to hear - that they can turn their $3k account into a million one day. It is a pipe dream.

There's one way to prove your point though - open a $3k account and show us 10% returns per day. I will extend my offer to Ryan to you too - do this for 30 days and I will give you $1000.

It would be of benefit to newbies to see you attempt this. Maybe a few newbies will understand that trading isn't a get rich quick scheme.


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  #4 (permalink)
Market Wizard
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sysot1t View Post
you seem to miss the irony of my words when I said it was feasible, and please read and realize that I never said I was doing it... but I wont argue, as it is not worth the effort or time...

also, let's put this in perspective.. $3K account, 10%=$300= 6pts on ES, ~30 ticks on CL/EB/EMD/TF/6E/6A.... now contracts wise... thats about 6 on ES if you want it all in one shot... you are shooting for 10%, but it might cost you as well 10%... and your account to be depleted in no time...

now, anyone that is "new" should read and educate themselves and not take anyone's words as law, not even yours, not even mind..... but rather question what is being stated..

I personally would not allow anyone to tell me that I cant make 10% per day, nor that I can... as we are all different and have different account sizes and difference tolerance levels for at risk capital... why let someone limit my goal and purpose? it is that simple to me when it comes to your argument..

just like I laugh a bit at RyanB on his statement, I dont find it not feasible depending how it is done, but I do not find it scalable.... just as I dissmiss your argument which is based on stating that it is not feasible, given that it could be feasible.. there are two sides to every coin... offering to pay $1K to someone does very little to add value to a discussion, not to mention that $1K is not that much money, I would suggest to rather please state why you believe it wont work with supportive arguments..

When making spurious claims, the burden of proof is on the person making those claims.

Aiming for 10% a day would wipe you out. Scalability is not the issue. Real-life is the issue. You are free to put your money where your mouth is and show your 10% per day performance. The fact is it's not possible, never has been possible and never will be possible.

The risk you take on a daily basis to make a 10% return would catch up with you and wipe you out.

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  #5 (permalink)
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You still miss my point, but as I said ... Not worth arguing .. If you care to debate, then provide a reasonable response, other than that you are also making an invalid claim... But like I said, not worth the time to argue as it takes value from the debate.


DionysusToast View Post
When making spurious claims, the burden of proof is on the person making those claims.

Aiming for 10% a day would wipe you out. Scalability is not the issue. Real-life is the issue. You are free to put your money where your mouth is and show your 10% per day performance. The fact is it's not possible, never has been possible and never will be possible.

The risk you take on a daily basis to make a 10% return would catch up with you and wipe you out.


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  #6 (permalink)
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10% per day, no way

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.

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  #7 (permalink)
Quick Summary
Quick Summary Post

10% Profit on account per day video journal: https://futures.io/elite-trading-journals/8619-10-per-day-video-journal.html

 
  #8 (permalink)
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Long term: clearly impossible IMHO alone due to scaling issues...
Short term: possible, take a small account and high leverage, have a good runner and there you are. (depending on risk taken, might end up in a desaster faster than you can say "Holy S&t"

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  #9 (permalink)
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DionysusToast View Post
No it isn't.

It doesn't matter what size your account is. No trader can make 10% per day.

Still - this is what undercapitalized newbies want to hear - that they can turn their $3k account into a million one day. It is a pipe dream.

There's one way to prove your point though - open a $3k account and show us 10% returns per day. I will extend my offer to Ryan to you too - do this for 30 days and I will give you $1000.

It would be of benefit to newbies to see you attempt this. Maybe a few newbies will understand that trading isn't a get rich quick scheme.

Hi,

I am neutral in the discussion since I don't know the answer, but your logic makes no sense; either ways cannot be proven or if you prefer I give you 1000 USD if you prove me that 10%/day is impossible, I think at the end of this thread we'll still be at the starting point for the good sake of newbies and pros

Karl Popper's falsiability assumption "... a theory should be considered scientific if and only if it is falsifiable..."

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  #10 (permalink)
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Ik vind het een schitterende journal maar het probleem is als volgt :

The problem is that you can trade all you like in sim trading, once you have real money on the line you won't have the same discipline, don't ask me why, but that's how it is. That's why sim trading IMHO is only good for testing out your software.

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