Agree, Dan, 6% a day starting with $50K would yield $4,833,096,443.59 by my calculations for 200 trading days (who trades 252 days?).
1% a day with a starting base of $50K would yield $355,042 after 200 days, phenomenal still, and hardly believable to me (but perhaps I'm just not a proficient trader yet).
That's why I doubt very many traders achieve the 1% a day average with losses factored in. I'd like to believe it, however, as it sounds terrific.
Of course, at some point, it becomes much more difficult to trade your entire capital in a single day. It's one thing to day-trade $25,000 a day, another to put $300-400K to work every day (I assume, not having anywhere near that capital myself). Otherwise, hedge funds would soon accumulate more cash than Bill Gates in a very short time.
Which raises another interesting question: what's the optimal trading amount to put to work daily? At what dollar amount does it become impossible to achieve those 1% gains? |
