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On a daily basis how much do day traders expect to make?

On a daily basis how much are our traders here expecting to make?

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constable

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I was a bit curious as to what other day traders expect to make on the market on any given day. Is there a cut off point where you say hey im happy with that or... I'm not happy until I make x amount of dollars.
Personally on a daily basis I look for $300 - $500 and getting anything over a $1000 is time to switch off the computer and adjust my eyes to the sunlight! Obviously there are days that are quick to wipe out the previous days gains but tomorrow you set up and startover with a similar goal in mind.
Thought I'd do a poll anyway... money can be such a sensitive thing!:)
 
Re: On a daily basis how much are day traders expecting to make?

I guess its all relative to return on equity isnt it? if u have a risk exposure of say 100k and you are returning $250 to $500 a day is that acceptable for the risk/reward? Assuming you are getting that return every day. I prefer to look at it in %. Hypothetically speaking "I made $200 yesterday" sounds impressive but if I made that return on $100k exposure...well....

Just my thoughts and opinion.
 
Re: On a daily basis how much are day traders expecting to make?

rustyheela said:
I guess its all relative to return on equity isnt it? If u have a risk exposure of say 100k and you are returning $250 to $500 a day is that acceptable for the risk/reward? Assuming you are getting that return every day. I prefer to look at it in %. Hypothetically speaking "I made $200 yesterday" sounds impressive but if I made that return on $100k exposure...well....

Just my thoughts and opinion.
Click to expand...

I hear what your saying, $200 bucks on a 100k trade... well the only person that would make happy is your broker. Hypothetically if you did it every day consistently tho your returning 50k.
However I would hazard a guess and say over 50% of day trading is done without putting any money on the bar.
 
Is there an option for "less than zero"?


I suspect overall the average day trader spends more than they make...
 
Realist said:
Is there an option for "less than zero"?

I suspect overall the average day trader spends more than they make...
Click to expand...

MOST daytraders do as you say.

Agree with Wayne - the survivors do well.
Those others - they will have to find another job when this bullmarket is over.
 
constable said:
Why? Not a day trader? Unsuccessful at day trading? Had a bad experience?
Know a friend who lost too much?
Give us something Snake other than pessimism!!
Click to expand...
It's common for folks to be negative on daytrading. I think because it attracts the gamblers, but daytrading can be constructed with positive expectancy just like any other time frame.

The actual expectancy figure will be lower than, say a trend trading system, but opportunity is far greater and a larger position size can be used.

There was a lady making $150,000 a month that I heard about (verified at the time, she worked for an insto)

You do need bulletproof psychology and great concentration however and this is what is the undoing of many.

fwiw
 
Depending on experience, I would think that the last month would be day traders heaven, with the daily ranges in both stocks & indexs above normal. When used correctly & with sound position sizing & stop loss criteria, trading on margin should provide a steady return in these market conditions. I aim for a minimum of $500 profit per day, with $125 worst case loss/drawdown. This is acheivable with the likes of index CFD's etc
 
wow... there is some big guns amongst us!
I wonder if ....all the non day traders divided there yearly profit by the number of trading days and found out what there daily average is, whether they would fair better than an average day trader? Impossible to answer but as the size of the portfolio increased the long termer would be doing it easier i think. Anyway thankyou to all those that voted/replied.
 
2 months ago I worked out that I had made $31.86/hr (before tax) for every hr I have spent researching/developing/learning and trading over the 12 yrs I have been involved.
In otherwords I worked out how much an hr I had made for all the effort I have put in. Including the costs involved---around $32,000 Computers, software, books, subscriptions, courses, data providers--it sure adds up.
Oh and that doesnt include the hrs posting--Another $30 bucks an hr for that would be good!
 
tech/a said:
2 months ago I worked out that I had made $31.86/hr (before tax) for every hr I have spent researching/developing/learning and trading over the 12 yrs I have been involved.
In otherwords I worked out how much an hr I had made for all the effort I have put in. Including the costs involved---around $32,000 Computers, software, books, subscriptions, courses, data providers--it sure adds up.
Oh and that doesnt include the hrs posting--Another $30 bucks an hr for that would be good!
Click to expand...

Thats not a bad second income TA. If one were to debt free, an income like that is plenty...agree? Its a living.

Cheers,
 
clowboy said:
Meaning?

Are you implying that at the end of the year if you have not suffered a loss you are happy?
Click to expand...
Minimise loss and maximise gain, is the aim of the game, some claim, in the rain, or you will feel the pain, I say.
 

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