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Hey all traders on the forum,
Just wondering if anyone give me an idea of what a decent benchmark is for the average net win per day on the Emini?
I finished the Brooks trading course and started trading really small sizes on the SPY, with the goal to eventually trade 4 Emini contracts maybe couple years down. However, I'm not really looking to scale up until I can consistently make a certain number of points per day for at least a month. Currently, I've been aiming to net about 10 points (=1$ on the SPY) every day. Just wondering if any more experienced traders can share how many points they aim to make?
Thanks a bunch,
Just wondering if anyone give me an idea of what a decent benchmark is for the average net win per day on the Emini?
I think there is no benchmark because each person is different: there are many styles of trading, risk tastes, pocket sizes, and so on.
However, I'm not really looking to scale up until I can consistently make a certain number of points per day for at least a month.
That is reasonable but even tho it looks easy it is not. It take years to become consistent during one entire month. If you do it within a few months only, you might have been lucky or you might be the master of the trading universe. Just to be sure, I would try for another month before betting serious money 🙂
Just wondering if any more experienced traders can share how many points they aim to make?
I personally stop when I reach 20 points, either loss or win, and if I loss two consecutive trades I might take a third but most of the time I leave and come back next day.
That is reasonable but even tho it looks easy it is not. It take years to become consistent during one entire month. If you do it within a few months only, you might have been lucky or you might be the master of the trading universe. Just to be sure, I would try for another month before betting serious money 🙂
Thanks for the advice. No I'm not profitable yet and don't think it'll come any time soon. But that's the eventual goal. I think with lots of practice and experience in the market, it'll come one day =) And also, just wondering why you decided to trade futures, as opposed to individual stocks? I was told that it's the more difficult path to profitability. I personally chose it because it's what Al teaches, and I can see the advantages of being just focused on one things and getting very good at it. And Emini also allows you to scale up easily.
I personally stop when I reach 20 points, either loss or win, and if I loss two consecutive trades I might take a third but most of the time I leave and come back next day.
Thanks for sharing. Appreciate it. And you must be really good if you rarely take 2 consecutives losing trades. Hoping that'll be me one day =)
