Yes, that's right. It's not a fair comparison. I just wanted to make it clear that a 2% return per week is already quite a lot.

Trading for a living

Yes. Less risk and higher return is always better, of course. The question is how this can work in practice over the long term. I am currently at a maximum drawdown of 5.3% with a 0.25% risk per trade. Most prop firms have a maximum drawdown limit ...

Trading for a living

From ChatGPT If your monthly expenses are €5,000 and your historical expectancy is 0.26R per trade, I can calculate very precisely how much capital you realistically need to live from trading without being destroyed by drawdowns. This is a ...

Trading for a living

"While it is technically possible to make an entire year's income in one single, high-stakes trade, this approach involves extreme risk and is highly likely to result in catastrophic losses, including potentially losing all capital. There is no ...

Trading for a living

Thanks. Yes, that sounds good at first, but my problem is that such general terms don't really help me create a concrete trading plan that takes my personal circumstances and goals into account. The complete context is missing. I could just as ...

Trading for a living

Hey there. Hope you're doing well. Yes, every time frame has its own frequency, just as every market probably has its own unique characteristics. Personally, I find it too difficult to deal with all that. I simply can't derive anything concrete from ...

Trading for a living

Without considering time, it's pointless. Let's say you look at any chart since the market began trading, the entire historical data. You'll have a bottom and a top. You could say that the market has been in a "range" since it started trading. Then ...

Trading for a living

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Trading for a living

As I said, I've been down this path myself for years, and it hasn't brought me any closer to a repeatable minimum income with a certain maximum time commitment and risk. I don't know where you are in your life, whether your intention is to finance a ...

Trading for a living

Well, even less volatile markets like the S&P 500, or in the Forex market, let's say EUR/USD, have a certain minimum daily range. Virtually every market does. Back then, I thought similarly. A small daily target, consistently achieving it, and ...

Trading for a living

ChatGPT Q&A session. "It is generally assumed that trading systems only function well under specific market conditions, such as trending, ranging, and volatile markets, but these conditions can only be identified in retrospect. Is there no strategy ...

Trading for a living

Thanks. Yes, that would probably work best for me. I don't rule out manual trading per se, but I can't seem to find any really well-explained strategies that are particularly suitable for my limited daily time available, given the rather short-term ...

Trading for a living

Yes, I agree. That's definitely a good starting point. Yes, I think so too. -- I feel like I'm trying to master too many different things at once again lately. It's probably just my nature, being a very inquisitive person with many interests. I ...

Trading for a living

I still don't quite understand how and where Perplexity arrives at such an assessment, and especially these overwhelmingly positive results based on random entry orders. The PDF cites 103 sources, but I've looked at them. Nowhere is a strategy like ...

Trading for a living

Mean MDD: 8.08% | The average maximum drawdown observed across all 100,000 simulated yearly scenarios. Median MDD: 7.65% | Half of the simulated years had a maximum drawdown of 7.65% or less. 95th Percentile MDD: 12.64% | In the worst 5% of ...

Trading for a living

Thanks. Very interesting topic. I ran a simulation using AI and my existing data of daily PnL values, and this is what I got. I will now run the Monte Carlo simulation using this column. I am assuming 21 trading days in a month and performing ...

Trading for a living

I didn't know until now that you could run a Monte Carlo simulation using only historical daily PnL data. I was only familiar with these Monte Carlo simulation tools where you can't use any real existing values at all, but you have to define things ...

Trading for a living

To accurately estimate the probability of achieving a certain minimum monthly performance, you need to consider two aspects: the size of your original daily P/L dataset and the number of simulations (iterations) you run. Original Daily P/L Data ...

Trading for a living

Memo to myself. It seems far easier to sell people the dream of making a living from trading instead of doing it. I still wonder if and how it's possible despite all these seemingly compelling arguments against it. It might be easier to do this ...

Trading for a living

I asked Perplexity the following: How can I best plan to cover my monthly living expenses from trading, given that I have no financial reserves to bridge months without profitability, and the general consensus in trading is that a constant minimum ...

Trading for a living