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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Jeff Sutton who wrote (7945)4/22/2000 6:35:00 PM
From: Dan Duchardt  Read Replies (1) of 18137
 
Jeff,

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.

Clearly most traders cannot achieve these returns. In fact, if you believe the statistics (I do), most traders lose money. The only way some traders can enjoy a .5% to 1% return is if the typical investor/trader gets below average returns, not even making the .05% per day average in most cases.

Of course, at some point, it becomes much more difficult to trade your entire capital in a single day.

Exactly. Which is why my original offer stipulated the 6% system has to work regardless of account size <gg>. The traders who manage to achieve the 1% level would be foolish to ever take their money out if they could maintain this rate of return as their accounts grew indefinitely. Take just enough to pay the bills, and let the rest ride for a few years. Then move on to a new endeavor when money becomes of no concern.

Dan
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