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To: - who wrote (22053)6/17/1999 1:33:00 AM
From: Yamakita  Read Replies (3) of 27307
 
"I have not had a trading year below 500% pre-tax in three years."

Let's modestly assume that Mr. Palo Alto Trader started with a reasonable $50,000 in the beginning of his trader career three years ago. (If he started trading before three years ago, that will only magnify this example)500% per year for three years on $50,000 is:

Year 0: $50,000
Year 1: $300,000
Year 2: $1,800,000
Year 3: $10,800,000

Actually the figures should be much higher, since PAT has indicated that 500% is the MINIMUM has accrued, meaning that every year above is low-balled.

But is that about what you're worth PAT?
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