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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Jeff Sutton who wrote (7934)4/22/2000 3:02:00 PM
From: Dan Duchardt  Read Replies (2) of 18137
 
Jeff,

If I can respond in the abstract, having never achieved the kinds of returns posted by some of the better traders around here, .05% is rather too low a target for a trader. It comes close to the market performance of long term investors. Compounded over 252 "market days" it's a bit over 13%.

I'm guessing you were thinking more like .5%, which compounded over market days is over 250% annually. This is a reasonable expectation; I know of several traders who claim returns of a few hundred percent annually, without compounding. That puts them in the 1% range for average daily returns.

Dan
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