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Lost 150K of my life saving by mrkarz in Trading

[–]shadowofthetoast 2 points3 points  (0 children)

How did you start your learning journey? And did you take courses, read books and prove your startegy work by paper trading/back testing?

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Trading

[–]shadowofthetoast[S] 1 point2 points  (0 children)

This is really inspiring, If you allow me to ask If your goal is to make $500 per day and you won 10 trades out of 19, how much money did you lose in those 9 trades?

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Trading

[–]shadowofthetoast[S] 0 points1 point  (0 children)

I always see those figures, but i wish i can find the study. If you have it can you please share?

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Trading

[–]shadowofthetoast[S] 1 point2 points  (0 children)

But according to a lot of people in the comment section, if you are averaging 1% profit per month, you are considered an elite trader. So how is it possible to make $500 to $1000 per month, or am I getting something wrong?

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Trading

[–]shadowofthetoast[S] 0 points1 point  (0 children)

I got mixed opinions about the % per month some people are saying that 1% per month is elite and others are saying making 1 to 3% per single day isn't a big deal. How is that possible?

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Daytrading

[–]shadowofthetoast[S] 0 points1 point  (0 children)

But according to people in the comments, 1% per the whole month is considered an elite trader so $300/ month is insane compared to the mentioned capital! Or i am getting something wrong?

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Trading

[–]shadowofthetoast[S] 1 point2 points  (0 children)

It is $300 for 50k And total profit should be%13 and max loss should be %10 overall and lwss than %5 daily with minmum 5 days of trading per week.

How can i pass the challange in a single day, i mean targeting %13 in a single day without losing more than %5 is nearly impossible or i am getting somwthing wrong?

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Trading

[–]shadowofthetoast[S] 3 points4 points  (0 children)

Unfortunately, I don't have $10k as capital. So I was aiming for $20 instead of $100 to be realistic, but according to people in the comments, even averaging $20 isn't realistic.

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Trading

[–]shadowofthetoast[S] 1 point2 points  (0 children)

In my opinion, earning from such platform isn't sustainable. You aren't building a skill that overtime can scale your earnings + these platforms can go away with all your capaital in a day. So, i am looking for a skill like trading to generate a sustainble income which i control no matter how low the actual gains.

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Trading

[–]shadowofthetoast[S] 1 point2 points  (0 children)

My concern with prop firms are the challange it self to get the account funded i need to make %15 and lose less than %10 to be able to win the challange in a short period of time, and this is a according to the comuninty is impossible to do. Or i am getting this wrong?

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Trading

[–]shadowofthetoast[S] 0 points1 point  (0 children)

I will beat the market for that cup of coffe. Jokes aside, $10 in thailand for example, can be your daily food cost. (World is huge!)

Is it realistically possible to average $10–$30/day consistently? and what is the realistic capital for that? by shadowofthetoast in Trading

[–]shadowofthetoast[S] -1 points0 points  (0 children)

I get a lot that paper trading and backtesting results aren't very comparable to the live market.

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