Have I entered the elite 5 percent?

aparoid89

Active member
146 1
Been trading real money now for four months, made around 50 trades and my account has expanded by 2 percent.

Have I made the cut of 5% profitable traders?
 

wakka

Junior member
25 0
Depends on whether or not you will now get over confident and blow the lot in your next trade.
 

Pat494

Legendary member
13,865 1,410
Don't want to be the rain on your parade but most traders aim to make a steady 2% per working day.
But seems you may be on the right track - so good luck !!
 

new_trader

Legendary member
6,232 1,285
Don't want to be the rain on your parade but most traders aim to make a steady 2% per working day.
But seems you may be on the right track - so good luck !!
You can't possibly be serious.
 

Shakone

Senior member
2,458 665
Been trading real money now for four months, made around 50 trades and my account has expanded by 2 percent.

Have I made the cut of 5% profitable traders?
50 trades is not really much to go on. Good luck though.
 

FringFX

Active member
244 6
Been trading real money now for four months, made around 50 trades and my account has expanded by 2 percent.

Have I made the cut of 5% profitable traders?
perhaps you would be a part of it if you could trade really well for 10-50 years.
will you still aim to be a part of that group? :cool:
 

Pat494

Legendary member
13,865 1,410
You can't possibly be serious.
Certainly am

Some days I make more, some less but 2% a day target isn't really pushing too hard and with accumulation pretty good. Betting at 1% per bet to make 1% each - so that's only 2 winning bets. Often done for the day in 1 hour.
 
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new_trader

Legendary member
6,232 1,285
Certainly am

Some days I make more, some less but 2% a day target isn't really pushing too hard and with accumulation pretty good. Betting at 1% per bet to make 1% each - so that's only 2 winning bets. Often done for the day in 1 hour.
I’m not sure how you calculate your %, but I think we are talking about two different things. The OP increased his account by 2%. I doubt you are adding to your account at the rate of 2% per working day...compounded...do you have any idea how much money you would have in 12 months starting with even a small amount of money?
 

Pat494

Legendary member
13,865 1,410
I’m not sure how you calculate your %, but I think we are talking about two different things. The OP increased his account by 2%. I doubt you are adding to your account at the rate of 2% per working day...compounded...do you have any idea how much money you would have in 12 months starting with even a small amount of money?
Yeah - lots and lots of luvely jubbly

A target is one thing, but I don't claim to make it day in, day out though.


Just gotta watch the " birdie ".
 

x4x

Well-known member
465 61
There's nothing difficult about achieving 2% per day as an intraday trader - but I, and I'm sure many others have to take out profits on a weekly or monthly basis, so compounding at the rate you are suggesting doesn't happen, and I don't think Pat494 said he was compounding anyway.

Less than 1 or 2 % per day would, in my opinion, negate the whole purpose of day trading and would make it inefficient - efficiency is an often forgotten aspect of a good trading system/method/style.
 

Jack o'Clubs

Experienced member
1,554 342
There's nothing difficult about achieving 2% per day as an intraday trader - but I, and I'm sure many others have to take out profits on a weekly or monthly basis, so compounding at the rate you are suggesting doesn't happen, and I don't think Pat494 said he was compounding anyway.

Less than 1 or 2 % per day would, in my opinion, negate the whole purpose of day trading and would make it inefficient - efficiency is an often forgotten aspect of a good trading system/method/style.
Surely if you could make 2pc a day and understood some basic maths relating to compounding then it would be worth giving everything up for a month or two to become as rich as Croesus on a medium term view.

Marshmallow, anyone? Stanford marshmallow experiment
 

new_trader

Legendary member
6,232 1,285
Been trading real money now for four months, made around 50 trades and my account has expanded by 2 percent.

Have I made the cut of 5% profitable traders?
The OP said he expanded his account by 2% over four months, he didn't mention anything about daily targets. Pat said in reply to this that most traders aim to make 2% per working day which implies they are expanding their accounts by 2% per day.
 

Jack o'Clubs

Experienced member
1,554 342
The OP said he expanded his account by 2% over four months, he didn't mention anything about daily targets. Pat said in reply to this that most traders aim to make 2% per working day which implies they are expanding their accounts by 2% per day.
Which annualises at 5284.5% assuming a 200 working day year. Something I'm not getting here...
 

x4x

Well-known member
465 61
Surely if you could make 2pc a day and understood some basic maths relating to compounding then it would be worth giving everything up for a month or two to become as rich as Croesus on a medium term view.

Marshmallow, anyone? Stanford marshmallow experiment
I'm guessing you don't day trade - and my expense providers may not be too keen on me 'giving everything up for a month or two'.....!
 

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