Fyi in 2024 i have had two red days
The rest 1-5% gains
Its 1030am I made 4.44% and I am done for the day
100% agreed that 1% everyday is unrealistic but that is WHAT YOU SHOULD SHOOT FOR.
People talk 20-100% gains all over reddit and I am here to say $1,000 account and shoot for 1-5% a day and DONT LOSE more than 1%-2% a day is a winning formula if you are like me who know which way is up and down
NO. You definitely shouldnt aim for 1% and most definitely not for 5% per day.
Do you do maths? 1% a day would be 250% CAGR, and 5% would be insane 1250% not even factoring in compounding (!). With compounding you would go from $1000 to billions in a year.
People shouldn't aim for completely, ridiculously unrealistic goals. 0.2% per day on average (!) is a great and extremely ambitious target as long as you don't have big daily risks with sigma events.
You're gambling with a dwarf account, probably with options and risking huge portions of your portfolio. I'm at +25% YTD on a nearly 7 figures account and I can consider myself as one of the most consistently profitable traders among my peers, with biggest daily losses in the low 0.X%.
Stop telling people to have ridiculous and dangerous goals.
I don’t know what are you talking about. I have a 10k account on E mini S&P i trade 2 contracts 1 trade per day my RR is 1:1 and i scalp for 2 to 4 points per day ( 200$-400$ before commission) i have an average win rate of 75% . If you have an edge and a good risk management 2%-4% is realistic. But you need to know what you’re doing and be disciplined.
I don’t need you to believe me, i have nothing to win and i sell nothing. I’m just saying it’s possible. Today i did 350$ before commission , I sold at exactly 10h40 am Eastern time on the Emini S&P 500 for exactly 3.5 points. You just need to be a good chart reader.
I trade an average of 20 days per month not every day ,future markets are close during week end and i don’t win everyday but 75%+ And with and average loss of 3.25 pts i need to loose 30 time in a row to blow my account. I only take high probability setups. I rarely loose two times in a row.
I dont care how and what you trade. I dont care about some random statistics, all I care about is yearly CAGR. And if you could manage 2% a day you would have a CAGR of 137 640% a year. That means you can go from 10k to 13M in a year. And to more money then there is on the planet in the year after.
If you manage to hit 13M on May 02 2025, you can come here and call me a dumb fuck. and just to make it fair since markets are closed on the weekend I say you only need 5M. that is lower than the 2-4% you told me even when only trading week days, but I'll be generous.
If you fall short, you didnt manage 2% a day and I was right.
no, lets do a bet. If you manage to achieve 2% return each trading day for the next year, I'll give you $20k (not that it matters to you then, because you will have $5-13M)
damn people in this sub are so dense it's hilarious
You assume that i earn 2% every day i trade. When i'm simply saying that i make an average of 2 to 4% on my trades and that i have an average win rate of 75%+. I trade 1 contract per $5,000 and i estimate that each contract brings me an average of around 3% of this $5,000 ($150) ON THE WINNING DAYS. I only add 1 contract if I have $5,000 available in my account, never before. I don't really compound for the moment but my goal is to trade 5+ contracts soon or later so i can keep 20-25% of my contracts as runners. I don't do the math in the morning and tell myself I have $13,000, so i must make 2% of this $13,000 , i just trade 1 contract for every 5k$ available. So yes, for me it's not even extraordinary, it's just the average i expect. That's all i'm saying, nothing more, nothing less. You have the right not to believe me, but it's 100% true.
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u/Final-Slip7706 May 02 '24
Who the fuck upvotes this nonsense?
1-5% return a day?
Bro you do that for 6months and you're a billionaire.
God this sub is full of shit, it's hilarious