DionysusToast 

Not only that. Your broker will also be calling you with offers. Seruously - if you make this kind of return, it wont go unnoticed.

You might even be invited to become a "talking head" on CNBC, or a "celebrity apprentice" on the Donald's show - but that's reality T.V. - this is more like Fantasy Island!

Why not 9%? Why not 11%?
+/- 1% is a rather enormous figure when talking daily compounding.

Why stop at daily goals? Why not shoot for .75% every half hour during cash hours?

".125% every 5 minute bar is possible"
What does that even mean beyond being a foolish and laughable goal? As if the EV for each 5 minute period for your system is going to be the same..or 15, 30, 60, 127 minutes, daily, monthly, yearly...whatever.

This whole way of thinking is absurd and measuring daily return is a completely arbitrary time frame that has zero meaning.

The reason discussions like this come up on trading boards is because of ignorance of Thorp(forget Tharp) and Ralph Vince, hardly because of them...Thorp's track record is quite impressive and Ralph Vince work is based on extensions/adaption to Thorp/Kelly.
I'm sure Rentech uses more advanced MM techniques than Vince but they are not writing books on them, ever.
The reason we have Ralph Vince books is because he can not trade, if he could he would have never published. Taking that as a knock on his MM ideas is absurd.
I posted a Simmons talk no one seemed to care about, most analogy has nothing to do with markets when you actually get down to it.
I watched Jackass 3d this weekend, Steve O won then lost out on "Clown College"..
If you are trying to become a pro "trader" and not seeing yourself as a Clown....
Not sure what to tell you clown...go back to at least understand some probability theory?

Hello there

I would suggest to not set daily goals, (other then following your trading plan) and better set a weekly goal, because not every day is good to make money, when markets do not fit your plan it is best to not trade.

If you set daily goals that would force you to trade even on days that are not worth the risk

best wishes

Wonder why this thread stopped? Ryanb demonstrated that it is possible.

Let's see some examples

Did anybody point out that 10% a day would mean that your pot would be 3590332871839% of its original size after 250 days ?

Making 10% a couple of times and then losing about the same amount of money does not mean that you made 10% a day consistently. Post 1 year of live trades and let's see if you made 10% a day with realistic leverage of your pot.

I would be thrilled to make even half that each time I trade, which usually isn't on a daily basis either.
There is something to be said about the capitalization of a trader & risk aversion though.

Peter, I saw your post re: account size and making a living trading - what account size would you estimate is the minimum needed then? Just curious.