DAYTRADING Fundamentals Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jon Tara who wrote (7198)	3/10/2000 9:05:00 PM
From: Cormac	Read Replies (2) of 18137

Jon - How would you respond to the following scenario? A daytrader that only keeps 50k in his/her account each month...any surplus is withdrawn every month. They work only about 40 weeks out of the year...rarely will they work each day in a month and rarely every hour every day. They will not enter trades without a potential of 3/8 to 1/2 point and will make an overnight trade (strategic vs becoming an investor) 2 - 3 times a week...some would call them a scalper but I would disagree. If their trading statistics (after commissions)for a normal month were... average trades per day - 18 (round trips) average points per day - 8 3/16 average percent of winners - 69 % average profit per day - $3191 losing days - 0 high - $8987 low $406 high % - 78% low % - 44% losing days in the past 18 months - 3 I just think you are way off base on your $500,000 requirement...each trader can find their own comfort zone and niche and IMO flourish with the skills that they hone. Respectfully, Cormac

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next