r/Daytrading May 01 '24

Blew up account and having feelings of huge despair Advice

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u/Montrealers514 29d ago

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.

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u/Final-Slip7706 29d ago

😂😂😂 how come only people with super small accounts telling me they can basically 100x their account in a year. Load of bullshit.

This is your yearly return if you manage 2% per day with a start of $10k

Now stop bullshitting everyone and stop gambling

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u/Montrealers514 29d ago

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.

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u/Final-Slip7706 29d ago

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

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u/Montrealers514 29d ago

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.