Australian (ASX) Stock Market Forum

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 said:
well so far we are an honest bunch to say the least!! well done!!:)
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How on earth would you know that???

I could put that I make $10,000 a day and that I am a guru trader.
Neither would be true but you wouldn't know that.

This is why I'd put zilch faith in the results of these polls, just like the one which asked how much investable funds we had. Anyone can say anything
 
Julia said:
How on earth would you know that???

I could put that I make $10,000 a day and that I am a guru trader.
Neither would be true but you wouldn't know that.

This is why I'd put zilch faith in the results of these polls, just like the one which asked how much investable funds we had. Anyone can say anything
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Ye of little faith......where's your trust? Id hope that 95% of voters are honest , sure there may be some that stretch the truth but id think that what gets voted on would be a fair reflection and a reasonable guide,( so far i would have thought this poll is a fair representation of traders esp the number of non day traders). Nobody has picked "guru" trader yet !(although they probably will now)and besides what's the point of lying on these polls? And just what is the point of being on the forum if you dont trust anyone?
 
constable said:
Ye of little faith......where's your trust? Id hope that 95% of voters are honest , sure there may be some that stretch the truth but id think that what gets voted on would be a fair reflection and a reasonable guide,( so far i would have thought this poll is a fair representation of traders esp the number of non day traders). Nobody has picked "guru" trader yet !(although they probably will now)and besides what's the point of lying on these polls? And just what is the point of being on the forum if you dont trust anyone?
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2 points

Firstly, I would tend to believe the results are reasonably close to reality. At the end of the day, the poll is anonymous and there is really nothing to be gained by anybody stretching the truth.

Secondly, I really believe that there should be some options for the amount lost each day. I believe that only a small percentage of traders have the ability to daytrade successfully and consistently, and therefore without some negative options, the majority of day traders cannot participate in this poll.
 
Re: On a daily basis how much are day traders expecting to make?

While I do agree with rustyheela that the % return is probably more appropriate than the actual dollars made per day, there are so many different things you could look at, it's almost impossible to compare people and the results they generate.

Some things to consider-

Is the person that generates 2% a day, but has some pretty violent swings in their equity curve doing better than the trader making 0.5% a day, yet has very few down days and doesn't even know the meaning of a down week?

Is one trader doing better than another if they make more $$/% currently, yet can't scale their size up as much as the person that isn't making the same return presently, yet can continue to scale the operation up almost indefinetely?

Is one trader doing better than the other if they make more, yet literally have to be glued to the screen all day long?- some daytrading methods can be developed to buy the open, set a stop, then return to the computer to close the trade out at the end of the day if they haven't been stopped out already.

Is the daytrader that trades small caps using a long only strategy to make a killing in a bullmarket doing better than the index/currency trader that is making less currently, but whom has the ability to generate exactly the same return in a volatile sidewards/bear market?

Depending on each individuals circumstances, they may see one of the comments above as being better than another. That's the great thing about trading and the markets in general, there is room for all of us, with our own ideas about what is acceptable and achievable.

So having said that, I choose not to vote in this poll. Pretty long winded excuse for only making 50 bucks a day, isn't it:D

Cheers
 
I'm not a day trader but am setting a goal of $200 per day average over a month with $8000 investment weather this can be achieved or not by me time will tell, it is possible when the market is progresses forward but on a bull market i will probably be eating 2 minute noodles :) .
 
At the end of the day, the poll is anonymous and there is really nothing to be gained by anybody stretching the truth.
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No its not---and Yes to some there is.

Doesnt appear too anonymous to me.
 

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Percent returns are fine for those that like to look back and see how good they are but it's absolute dollar returns that matters when it come to the thread topic eg day trading.
As per Tech/a & calculating the time/reward ratio, if you make 20% a day it sounds good but in dollar terms making $100 for sitting in front of a computer all day (& all night?) just isn't productive.
I have a target I expect to make per day, I have a loss I am prepared to write off if stopped out, and with all the various instruments around it's a reasonable expectation to achieve these targets, whether the market is up or down, which is the key if a daytrader is to survive.
If I make my weekly target in the first hour on the Monday I walk away & do something a bit more stimulating; although the urge to 'double dip' back in to more trades usually results in undisciplined trading & losses.
 
Chops LOLOLOL.
5G+ a day, keep it up son! :D

Ummmm... daily basis, i dunno, i used to aim for $1k/week when i traded breakouts...

But yeh dont do that much anymore, no time, back to skool...
 
As an experienced day trader, I have learn over the years to simply adjust my daily profit goals according to market conditions. Easily said, in trending markets I try to push aggressively, while in congestion and consolidation periods, focus only on the highest odds trades available.

By tracking my intraday, daily, weekly and monthly progress, some days I use a combination of techniques to accomplish my targets. Missing a daily is expected and should not impact your thinking as much as missing a weekly target. Day trading with realistic targets that are most definitely a function of how much you risk is essential in trading survival.
 
how much you make in a day? look for how well you going to trade, money will follow, minimize loss and preserving capital will let you play the game little longer.
 
To the original poster

how much do you earn a year?

how many kids you got ?

how much are your total assets worth ?

what colour undies does your partner wear


........ i find the question rude and its not the kind of question that respects a serious answer .

no offense intended but none ya bleedin business
 
surfingman said:
I'm not a day trader but am setting a goal of $200 per day average over a month with $8000 investment weather this can be achieved or not by me time will tell, it is possible when the market is progresses forward but on a bull market i will probably be eating 2 minute noodles :) .
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Sounds great how are you going with this?
 

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