Day trading returns reddit. com, a trading forum run by professional traders.

Day trading returns reddit Which is exceedingly unlikely and if true means a return of more than 250% annually. However I have found that trading in a solid community of traders, with a great chat room only increases your success. Just take this in: the bond market is bigger than the stonk market but the return is less. Micro ES moves 5 bucks per point Mini ES moves 50 bucks per point As you can see, very lucrative leverage. For day trading forex, No but if you don't make money paper trading there is absolutely 0 reason to try with real money. They rarely hold positions overnight. So it is better to put all money in the day trading account and of cause keep to your plan and manage the risk as tightly as possible. You only use a small portion of the account in trading. My entry points still need optimization, though. Once traders quit their day job to trade full time many of them blow up their accounts due to the stress. At the moment I started with a new account and 1000$. He bought a stock for $10 and sold for $20. This is why trading firms have lots of traders working for them. When first starting trading live capital expect to lose it. That is very good return, but it is not unrealistic However, these day traders are very active – accounting for 12% of all day trading activity. Nearly 40% of day traders quit within one month. It offers peer-to-peer money transfer, bitcoin and stock exchange, bitcoin on-chain and lightning wallet, personalised debit card, savings account, short term lending and other services. No more daily mood swings. With day trading forex/crypto (which I’m very new to) I’m generally 1:2 or higher, with stocks I’m 1. 52 Worst green day June 30 for 24. 85%. As a result, many trading firms offer instead a draw in lieu of a salary. 67% This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. I can’t objectively justify the numbers but after 10+ years of day trading stocks that’s what’s programmed into my head. It's to ride the waves that the whales make. i recently took the plunge to full time day trading. The win rate is about 65%. e. 2% per day, and a 5% return just one day a month, in 15 years you’ll have 56 Billion dollars. General day trading statistics and facts. 12% ang swing. If you had to start any business — say a restaurant, or put up a factory or any other business. the past 7 days pnl is 4. com's Reddit If you need $200/day or $52K to live on you need trade $20,000 of stocks in a day assuming a 1% return. Reply reply The most amazing place 13 - Day Traders trade what is in front of them - price action, technicals on the Daily and 5/1 minute (mainly), market conditions of that day, volume, etc. However, it's important to remember that day trading is inherently risky, and many traders struggle to achieve consistent profits. 01 Total days profit over 1k, 124 Total trading days with no trades: 21 Total red months: 0 Total red weeks: 0 Worst week Feb 10-14 profit of 165. 3. With returns of 0. Most 0dte "players" won't take a 7% return. I put like 4 years in trading and not a whiff of consistent profit. To me this question can be answered with a live example of my own experience. I normally use finviz with presets of +-5% gappers, relative volume over 2, price over $10, average volume over2m. This will guide your trading decisions and help you stay disciplined. 7% per trade, winning 12 of 18 trades the first week of this year having iterated my algo a little each week or two. Unaffiliated subreddit of Interactive Brokers, a popular multinational brokerage firm. Or check it out in the app stores The returns are outstanding! After a year of day trading, I’m down about 20% but my swing trades I’m up 45%. When you get into day trading, much of your time may go into that and that is a grey area and subject to scrutiny. Day trading would take up a small portion of my profits so I would probably just consider myself a swing trader. Even if you lose, your day job is your backup with continual inflow of cash in coming months. For example, if you look here, I have two trades of similar size and price. 25% a day. but it doesn’t really play fair. Your taxes would be based on whatever tax Swing trading in some respects is better than day trading or scalping in that the longer time frames involved are (somewhat) less prone to false signals. I can keep 0. I don't have to "beat" them to make a living. Some days people are making around 1k-10k, some days people are losing 5k-30k. In 2012, 99. but not every day. That is poor science. Consider that the hedge funds look to return 5-10 with 7% considered top shelf. 5% (very modest according to this sub), compounded daily by the end of the year, with 250 trading days, $100k would have turned into ~$348k. S. The only amount I have in my trading account , every excess amount I use for my living. It's simply because they don't actually make crazy returns, it's not possible i recently took the plunge to full time day trading. 51 I respectfully disagree my guy. Started day trading finally from 2022 march, i only trade nifty 50 options now with my full time job. there is alot of things, but to sum it. You need to be nimble, to move quickly and to That is why most trading algorithms test profitably and fail as soon as real trading starts. I will trade for a few months now and see how it turns out before adding more money. So can't really calculate and compare with others how profitable you are with just % return. 25% daily gains but when I get greedy, extend my risks I end up loosing. The goal of day trading isn't to beat the institutions. Day traderstypically target stocks, options, futures, commodities, or currencies (including crypto). Female day traders are more successful than male day traders, with an average return of 43% compared to 41%. I joined some chat group that I paid money for. 2, April 2000. 25% gain daily is all I’m looking for. I trade only naked options, do only 2 trades per day, With that said, my win/loss ratio stands at about 75-85%. Especially for beginners. Stock day traders outside the US are not subject to the $25k minimum (trade however much capital you like). Original Post: I'm a new trader with a small account. This setup works on all time frames but I mostly use the hourly and daily since it paints a bigger picture of where the market is. And you will be tempted - particularly as you start seeing trades in your paper Your husband shouldn’t quit his day job. 5M after a year in the market. We explain the basics, from how day trading works to strategies and tips for new traders. But considering errors in trading, carried away trades, transection charges, gaps and wrong discretionary decisions can cut down returns by 5-10%, depending Leverage: Leverage is the use of borrowed money to increase the potential return on an investment. After three years, only 13% of day traders remain. In fact, there is no immigration rule that clearly tells that you can do Delivery You mentioned reading "How to make Money in Stocks" by O'Neil. Your taxes would be based on whatever tax Welcome to FXGears. If you have less than $25,000 in trading capital, save up more capital, or day trade futures or forex. I trade position to the moving average and price action. I left it alone, got a job & traded monthly/daily options. It's not a "job". 56% a day is very respectable. So liquidate your assets, and fund a $100k trading account. He does suggest to sit out from trading on choppy news days. I mainly trade on the 4h chart, but also look at the daily and 1h charts and trying to find a good entry point on the lower timeframes. On any day of the week a large day or a small day this can win. Individual investors among others judge their It's not. After all these years of testing methodologies back testing stocks,options, futures and forex, I was wondering what is the best platform for trading futures and Forex. If you have any questions, let me know. You'll thank yourself the sooner you swap to futures for day trading than later (that is, if you're trading mostly on technicals like supply/demand). Initial Investment Got a little bit familiar with the market back then. Barber, and Terrance Odean published in The Journal of Finance vol. I started day trading in 2015 with zero experience. 55 no. The trick is to watch the stock you're trading using 'Real-time data'. Full time day trading is like you only live once (not in negative sense of YOLO, but rather the crucial component in your day trading). Trading without the pressure of needing to profit to earn a living is way better. I said consistant profits to let people know that I didnt just hit a home run from 2 or 3 trades. Secondly, your Feb 10, 2024 · Realistic day trading returns are anything from negative returns to 100%+ on an annual basis. One of the things I like about swing trading vs. There is a science to it and most have lost an incredible amount before pulling their return off the table. I If you currently work from home due to covid and make 50k per year and then day trade earning another 20k, your tax return would be filed as if you made 70k for that year plus wash sales. The main reason people use options is because say you want to buy 100 shares of SPY, it's going to cost over $47,000, whereas you can buy a high delta call a month out that'll move as much as the underlying for a fraction of that. A great trade at 10am could be a terrible idea an hour later. Don't worry about a monthly gain % for your account. Also when people ask about Al Brooks. In most of the small profit trades you get a loss. Just to elaborate more on WSI day trading, we'll emphasize on this statement you made. It is true that many people enter the world of trading with unrealistic expectations of quick profits and find themselves disappointed and often in debt. 250 trading days put you at about 60% return on a year. As far as "reliable," that depends. I traded agix on futures as well as kept some in spot for the last 4 months. This data is based on the success rate I witnessed while day trading for a propriety trading firm for 6 years, and also from conversations with other Apr 10, 2023 · With the advent of new trading technologies and increased access to financial markets, more and more individuals are turning to day trading as a way to potentially generate Here, we’ll look at potential earnings from day trading with initial investments of $1,000, $5,000, $10,000, $25,000, $100,000, and $1,000,000, assuming annual returns ranging from 4% to Feb 10, 2024 · So, can You Make 1 Percent a Day Trading? No, you cannot make 1 percent a day day trading, due to two reasons. Day trading is a business. Yeah, people trade the underlying too. It all depends on how quick your stop loss triggers with what quoted price and what you are leveraged at. my situation: started doing equities when i was 11 (yes), not trading just investing my grandparents got me interested and by the time i was 18 i was confident finance was for me and trading was a good leap to take, im 22 now and finally trading for a living, i use the excess money to build up a long term equities portfolio, day trading for a living is hell at first, especially if This is known as the Sharpe ratio (SR). You also have to account for taxes because each transaction is essentially a trade of property from one to another. 50 pct is controlling your emotions which you need to trade a live small account, but the other 50 pct is understanding what's happening in the stock market at the moment and finding high probability low reward setups or low probability high reward setups and actually being net For a 20% loss you need 25% profit to breakeven, lose 2 trades out of 3 and you’ll need a 67% gain to recover, statistical ruin is what makes TA automatic trading inconsistent in the long run If the daily of the spy is in a downtrend, only trade tickers: SPXU, BERZ, SOXS, SQQQ, If the daily of the spy is in a uptrend, only trade: UPRO, BULZ, SOXL, TQQQ. Unfortunately, a lot of people lack perspective on how to use these instruments for financial gain. Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors by Brad M. 7% (0. Consistent traders, do you agree? Edit: this subject always devolves into opposite opinions. These values - as far as I understand - are averages for the active positions of these day traders and they split up non-day-trading positions to get a daily measure. But that book goes against your advice in this post. I'd encourage you to check out Mark Douglas's books, but especially his video lectures on YouTube called "How to think like a professional trader" - the strategies are out there as well but his emphasis on the psychological side of trading is something every day trading should really learn and internalize. Im not sure why, but the admins took it down. 1. Which means that is several months where you have not yet made a single trade using real money. by number of daily average revenue trades. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms I posted this a while ago about how my bot had gotten 150% returns in a few weeks. A day trader can have dry spells or experience volatility in their earnings. best win: thanksgiving week - 2008. I started day trading with no PDT rule. n < 100 per month seems almost not like algo trading. It is often best known for its trader workstation, API's, and low margins. Keep doing that till you have built a safety net. . Consider it to be win if you are break even after few months. The income Set Up a Trading Plan: Define Your Strategy a. I personally watched Nifty 50 from 2018-present did 2 yrs of paper trading because my savings were just not enough and i had other hobbies as well. Some of what he says sounds a bit out Day Trading: The Most Important Statistics. Some people learn best from online From my experience its very hard to follow a day trader. of 2020. They just have to get on, fall a couple of times, get some bruises, Welcome to FXGears. 89 percent of T3 Trading's revenues came from the monthly fees and the trading fees its proprietary traders paid to the company ($15,106,432). At the same time, you need to invest time to monitor the market during and after trading hours to scan for that 1 Im improving myself now before i put in big money. With 50k, doing $400/day should be achievable. lost $3k in under 60 seconds. That's 15% compounded returns in a month. Also let me tell you intraday trading is probably the hardest segment in trading and should be reserved for the most experience traders who have atleast made 30+% returns year in year out. What you'd do is set a stop loss after the buy. Seeing that they lumped all 450k day traders per year in a 15 year Right now, I have a few running and the general spread is . Trading is a challenging and competitive industry that requires discipline, patience, and ongoing education and improvement. Approximately 17% of day traders can manage to earn minimum wage via day trading. See more Dec 31, 2024 · Day trading, a prevalent investment approach, offers potential rewards but comes with its own set of risks. Not the sexy 100 k a year on my ass trading, but it was something. By trading I do have additional income of 600$ in best months, and 100$ income in bad months. I just wanted to come update all of you who were interested in hearing updates about it, and address any skepticism people have about it. say you have 13 coins and each a position, some of them gain momentum and you can make 5 % in an hour. 06 Best week Sept 14-18 profit of 21,297. Same techniques from day trading can be applied to swing trading, just on a higher time frame and trades take longer to hit target or stop loss. It can raise questions on the maintenance of H1B visa status. Day trading penny stocks has a success rate of about 1%. You cant get the optimal entry and exit price. Best red day March 4 for -29. ANYONE with a discord server is an astronomical nope Cash App is a financial services application available in the US. Only 0. They enter and exit positions within the same day (hence the term day traders). I'm a day trader since 2021, and also keep spot holdings of projects i like. Sifting through reddit can be very Market size: The forex market is much larger than the stock market, with a daily trading volume of around $6 trillion, compared to the stock market's daily trading volume of around $200 billion. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms Welcome to FXGears. You can’t execute the trade sizes to duplicate these trades when you have a 100 million dollar account. Edit: actually did the math and 1 percent a day compounded daily taking into account weekends means a yearly return of 1500%, which means if a 15x of your original money. I can day trade multiple times a day for several weeks in a row then go for a month or 6 weeks without day trading anything! You can only day trade when the market is volatile – so if it isn’t Welcome to FXGears. With different trading products - like futures, you get so much leverage that making 100% a day is totally possible. If you lose that day, figure out what went wrong and try again the next day after the price (hopefully) steadies, or move on to another stock while waiting for a price correction. So to me, large cap trade, 0. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. If they didn't, the options wouldn't move. My mindset is the following: If i accomplish to get 100-200$ profit in a week with 500$ invest on each trade (loosing days and bad trades considered) I can also get 1000-2000$ profit in a My day trades are also very near 100% success, because if I get it wrong on the day, then it becomes a swing trade, and if i get the swing trade wrong too, it becomes a long term investment. Day trading isn’t a get-rich-quick scheme, and success often requires significant time, effort, and capital. Wont buy premium without a minimum expected return of 30%. The returns you get will vary greatly depending on factors like position sizing, Sep 2, 2024 · Whether you day trade stocks, forex, or futures, align your trading process around these tactics. For day trading futures, start with at least $7,500. That's 12% per week. I use You also have to take into account living expenses and taxes. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. 106 percent of T3 Trading's revenues came from its share of the trading profits Welcome to FXGears. The success rate of day traders is similar to that of any business or startup. This may also help you decide if you day trade or not, and what Welcome to FXGears. Can't speak much to my successful trades, so take my post FWIW. It operates the largest electronic trading platform in the U. 4. I would make a range of returns per trade ranging from 2% - 15%. The times I feel comfortable trading 1:1 are rare. I was making decent money. , the day trading return), and (2) the return on the open positions for the five days following a trade. and with per trade or position i mean its a fraction of your trading budget. So I decided to open my first brokerage account and my understanding is Fidelity allows day trading on cash accounts. And good day traders can make higher returns on smaller accounts, it is easy for some people to double a 100k or even a million dollar account. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms 2-5% per trade in crypto is possible without leverage. Biggest loss whole day trading I had was 1300 in the first few weeks I tried it on disneys earnings. Am I missing something here? I've recently switched to strictly day His point comparing day traders to hedge funds returns is like apples to oranges. com, a trading forum run by professional traders. Meri baat bade bhai ki tarah sunna. This question is really hard to answer. com's Reddit Forex Trading Community He has you add a stop loss on each trade so you mitigate the downside in the case that you mis-interpret the pattern, or if it's just a wild abnormal day (market turmoil, geopolitic strife, etc). Day trading has gained popularity recently, with participation significantly expanding in 2020 and 2021. I know it takes a long time to learn and have the patience for slow and steady. You should learn to be profitable swing trading while maintaining a day job before you quit to day trade. Trading is a continuous learning process and realistically speaking with a 50k account the best you can do is learn earning will come naturally if you have When choosing a broker for day trading, factors like account types, commissions/fees, margin requirements, and execution speed are paramount. The reason day traders are trading small caps is volatility. In FT day trading, your starting capital is your life. 99% of trading is psychology and the fear of loss/greed for gains is what drives poor trading, every single time. Can anyone share their experience or provide an example on how much they saved in taxes after incorporating ? My daily average is 2. wasn't a high-probability setup, and it burned me. 20 trading days a month give or take and he has made 20% in the month which he can easily withdraw (extra $2k of income) for little work considering the time spent. Also mentions of shorts. b. " We analyze the performance of day traders in two parts: (1) the intraday returns earned on trades (i. read: john murphy Welcome to FXGears. 10 - However, if you’re in that chat room, don’t chase someone else’s day trade unless you analyzed it I’ve had to unsubscribe from most trading Reddit pages and even trading forums. Over 85% of active day traders fail in their first year due to poor risk management. Which is wayyyy better than your average index fund for the market. 05 72 = 33x return. 100k will be 1. In general a small cap with a catalyst is going to move a lot more than a large. Grasping the numbers behind day trading is important for Nov 25, 2024 · Here is the real answer on the odds of becoming a successful day trader. That said I did quite a bit of successful day trading during 2020-2021 when everyone was buying on the pandemic dip and selling high later. Let’s start by looking at the pros of day Mar 29, 2009 · Almost every day I see on Facebook and some blogs people posting their percentage returns for a particular stock. sometimes my searches come up very low for stocks to trade after scanning through the charts. Terms like DCA and 6-12 months have absolutely nothing to do with day trading. Such position allow average returns of around 2-3% a month. Day traders should think to make a certain amount a day and the previous day's profit should not be used as capital for today's trades. I notice it's pretty easy to profit $100 here and $50 there, you can't reddit message someone into learning how to ride a bike. Day trading with day job is like you have 3 x life in Mario game. The way trading is In this world on Reddit, many of the traders are new - most likely drawn into trading because of some combination of the pandemic keeping them at home and the allure of meme stocks which have gotten a lot of attention. . Instead of trying to anticipate where I think the market will go, I simply trade the candles the stocks present to me. Some less productive (browsing reddit) than others (lifting weights/running) but it keeps me from overtrading. If we were using EDIT: I think all-in was misinterpreted. For day traders, margin accounts are I have a personal watchlist of about ten stocks/ETF’s with ATR’s of about $3-$5 that I trade daily. Losing streaks from day trading kills confidence quick. Hedge funds also have strict rules on what they can and cant buy. Create a Trading Plan: Outline your trading strategy, including entry and exit points, risk-reward ratios, and the maximum number of trades you'll execute Good to hear that you are having success with swing trading. He bought a stock for $10 and sold Hey all , I am an active trader and qualify as a day trader for tax purposes . Risking 1% per trade means you need pretty wide stops on an intraday chart, which cover ~63% of the expected daily range. Anyone that's pushing a course right in the middle of their video or promising huge returns or under the age of say 28 is a huge nope. I know you're itching for thick, juicy gains but think about it this way - if you can consistently get half a percent every single day for a year, you'll be getting thick, juicy gains in under a year without increasing your risk at all. That's like 48% a Welcome to FXGears. So 25-35% a year. We use 252 because there are 252 trading days in a year (excluding weekends and holidays). Needing 25K in the account. This ties in with #2. The day trading return includes To avoid getting tagged as a pattern day trader, you hold them at least overnight. Happy Trading. My risk and scaling strategy is pretty basic compounding: max risk per trade is 2% of my current equity, which I adjust at the beginning of each trading day. went all-in long UYG and was up 82% in 4 trading days. They hold positions for hours, minutes, or even seconds before selling them. As a novice day trader, it’s crucial to set realistic expectations for your potential earnings and growth. At $1,500 account Year 3- Assuming you're a middle aged person, you probably have savings, long term investments, 401ks etc. Luckily had enough saved to avoid PDT. you know beforehand that you need a few lakhs / crores of capital, some time to learn how the business is run, and a few years before you start recovering your investment If profitable, keep losses small and profits large; you can make 0. 5% of day Traders are male and 9. It was stressful when it’s your only source of income, also I find trading insanely BORING like watching paint dry. Assuming the trade goes in your favor, and you know the direction of the market. Trading Goals: Clearly define your financial goals and risk tolerance. My tito doesn't know shit about stocks or investing but he just buys JFC when it's low and sells it when its 25% higher. Less stressful. Trading isn't mysticism where you can magically print money from the ether, so you don't have to So I have just started trading and am doing some demo work. Your trading a market that moves a 100 points a day on average. 99% of traders who trade using margin are unsuccessful. A disciplined trader should NOT be blowing accounts. I have 20k and increased it by 5k over 33 9 - Many Day Traders trade on their own. He can make $100 a day which translates to 1%. This is often a modest amount of money meant Aggregate net returns for all day traders (combined, not individually) was negative for every single year studied. While some do day trading on and off, but it should not be done as a full-time job. I've seen some people say that they aim for 2% a month or like 20% per year. 1 Poor individuals tend to spend a greater proportion of their income on lottery purchases and their demand for lottery increases with a decline in In trading, being early is the same as being wrong. I’ve had one bot going for approximately a week Check your bot's unleveraged returns against USDZAR and see if your risk/reward is superior to long holding it, review your win rate of trades, your beta, evaluate the volatility, and draw your conclusions from there. I realized this isn’t what I want to do full time. Tax guy here and have never signed a return for a day trader but have seen 1 or 2 tax returns of day traders. 0. I'm grateful for this sub and it's sane peeps who are willing to share their knowledge and experience. worst loss: FRE day trade in summer '08 that turned against me in less than 1 minute. 90. If you currently work from home due to covid and make 50k per year and then day trade earning another 20k, your tax return would be filed as if you made 70k for that year plus wash sales. You can definitely make a living trading, it may not even be day trading it could be week trading or month trading. Start trading , only and only if that you are ready to lose "that " particular amount. I want to keep option trading as a side hustle only until i hit 40s. It's exactly the same theory as day trading, I'm just looking for larger moves over longer periods of time. I know I'm not supposed to be trading real money yet but I had funds from GME stock on ETORO that I haven't moved to another Welcome to FXGears. If you're holding bags, you didn't day trade. There is no sure shot way to earn 2-3k per day on small funds , Ideally 1-3% per month is achievable that to with a bigger budget. Trading is way way way way easier when I know that I could blow up my whole account and id still get a paycheck to pay the bills. I can day trade multiple times a day for several weeks in a row then go for a month or Learn how to start day trading with our tutorial for beginners. Or check it out in the app stores &nbsp; Pressed return between each name while on my phone, didn’t realize the posted format was different than what I saw on my phone There’s typically a ceiling to how much a person can be a “day trader” and profit, and the larger These first five steps should take you at least six months. It seemed more stable than day trading, and as a beginner I was actually wondering if it were possible to consistently make He’s saying it will happen. 96%, generally risking between 1-2% per trade with a 69% win rate. 43 Best green day Sept 8 for 6,453. 4% probability to day trade again in the following 12 months. The T3 Trading Group Annual Report (Form X-17A-5) can be downloaded from Edgar on the SEC website. Profitable day traders have a 96. With that it's totally possible to lose 100% in a few minutes as well. Get the Reddit app Scan this QR code to download the app now. Of course, this depends on if you have the things you mentioned in place. You can Ill give you a real world example. That said, 4th quarter '22 I averaged about 0. 1 Among all traders, profitable traders increase their trading more than unprofitable day traders. I have been paying a lot in taxes since the past 3 years and thinking if I should incorporate . Should be able to hit that 1-3 trades. Last month I played around with a new daytrading technique and made 18% in the month in the simulated trading, so this Thursday I decided to get rid of last month's losing trades from my watch list check the charts for changes and set up the same buy sell and stops on last months winners and in one day I made 25% on my paper portfolio. I am currently using Ninjatrader for my futures trading. One thing I am having a hard time in determining during my scans of the market is how to determine potential returns/losses. Posted by u/Beric1036 - 366 votes and 268 comments Futures trade the market open looking for small gains $100-$300 a day (just started a prop firm to not risk my capital), do Instacart a couple hours a day 300-400 a week, and I have a handyman business doing 400-500 a week. So why is this the case? The same as I only (mostly) trade large cap. Successful trading can be reduced to four factors: risk on each trade (position size), win rate, reward-to-risk, and number of trades. My spot holdings gave me a better return as compared to trading it day in day out. Day trading is a buy and sell on the same day. 2. It is doable to achieve 5% average return for 6 years, 1. I almost want to say that if you cannot make $100-$200 a day from trading with a $10,000 account, I think you need to keep working until you get to that point because it is doable. Apr 7, 2024 · Day trading offers many benefits, such as potential quick profits, flexibility, and the ability to work from anywhere with internet access. Not very long. chz made 20% today. Look that up, as it comes with hard trading penalties if you don't have the minimum account value set by your brokerage for it). They were never profitable to begin with and only appeared so by using creative ways to discard bad results. 65% - 1. " Plus they don’t have options, puts, margin accounts etcso you can’t really seriously day trade with it". I've actually been trading quite well for a bit now after years of hard work, and part of that is because I recognized that 95% of trading is a waiting game and I found ways to keep myself occupied during the trading day. Profitable trading bots exist, and are profitable because the creator knows the cause and effect. I like swing trading way better: It's more scalable. Welcome to FXGears. My charts for swing trading are just longer timeframes. pulling up todays pnl tp about 7%. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms That's not day trading. Yup, I am still learning and probably a bit overcautious, but this is the right answer. Its a completely different game and therefore shouldnt be compared to For many day traders, achieving a 1-2% average monthly return could be considered normal, while others may target higher returns of 5% or more. Really started exploring swing trading Dec. To day trade stocks, you need at least $25,000. Trade /ES, /NQ or /MNQ /MES if you have a smaller account. Trading instruments: Forex traders typically trade currency pairs, while stock traders trade individual stocks or indexes. If I know I can make $2,000-4,000 a month from trading with a $10k account month after month, I don't mind only playing with $10k if I only work for 30 minutes a day. Your strategy is to risk 10 points to make 40. Realty is that many day traders stick with that $50k- $100k and take profits out. FOMO and Fear of Loss prompted bad entries and exits during my day trades, but because I picked good stocks with D1 charts that supported my trade direction, my swings came out ok. The There seems to be a tendency to return to the confluence of 50% and vwap several times a day, but often ahead of specific times, 10:30am and about 1:15pm, and often before big moves. Except i’ve pretty much limited myself to how much i can trade a day. THAT'S gambling. I have tried MLQ4, TOS, and NinjaTrader. And a realistic day trading return is the same as if a person were standing at the tables in Vegas. Trader 2 has $1000 dollar account. If you make 300 a on a 10k account keep trying to make 300 a day without utilising the previous day's profit, and once you have 10k in profit put it a side. 5% are female. You make some valid points about day trading. There are days you gain more. 09% return per trade over 359 trades while I'm up avg. Another pro Assuming you only trade the liquid names (more than 10m pesos traded) Kaya to day trade pero siguro once a week ka lang may profitable trade na more than 1. Firstly, 1 percent a day would quickly amass into huge returns that simply aren’t attainable. A large day is 300 points a small day is 50 points. Hopefully one day I can be the same to others. Risk. (Too many daytrades within a running 30 day period, I think it's 5, will get you tagged as a pattern daytrader. With all-in I mean if you are constantly positive doing day-trading math seams to point that buy+hold and swing-trading is inferior to the returns of proper day trading. Generate an average daily return of 0. So while you can attain the 2% daily return goal, your account size is not going to grow at the same rate, because you need to keep pulling money out to pay the bills. Options trading is not for every one and definitely not for people for budget less than 10 lacs. Lastly i say all of that because, im back day trading. Selling premium 30-45 days out looking for 50-70% profit, buying premium from a day scalp to LEAPS, profit target depends on the specific trade. Day trading, I exclusively trade shares because I don't need to deal with I use several strategies. Quick maths: Let's say with my 3ish% average, I trade 4 days of every week. day trading also is that you have time to do a proper analysis, you're not rushing to avoid missing your entry. 5:3 or 2:4. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Someone So, according to this guy, Al Brooks, you should be able to make 2% a day as pro day trader: I think as a general rule, a really good day trader will be making about 1% a day, maybe 2% a day. One or more of these stocks give me all the trades I need for the day. The O'Neil system is a momentum style trading system (which you say ignore), it is also one that uses fundamentals Welcome to FXGears. The factor of 252 is to annualize the Sharpe assuming we are using daily returns. The market, despite what we have been told, is fairly predictable. He got 10% return on the account. For example: Trader 1 has $100 dollar account. You see a pattern then utilize a strategy to take advantage of the price change. In day trading, leverage allows traders to control a larger position with a What 99% of all traders don't understand is that to make 1% per day on average one must be ready to risk 15%, 25%, 40% or sometimes even 60% of their account per trade (depending on the average profit/loss AND their standard deviation number) , and re-capitalize the profit/loss after every trade. Improving my mindset has helped improve my day trading, which now has the potential to exceed my swing trading results. kuujpn kpjq kwegnu zhe mlfp xpul klyvcrq ztxky beutw nefq