I hope this doesn't sound too much like a silly question...
Is a goal of $1,000/week with a starting kitty of $5,000 the same as a goal of $2,000/week starting with $10,000, or $10,000/week with $50,000? Or, put another way, is there some optimum amount of money for this kind of daytrading? Why did Dan choose $5,000 to start with?
If Jodi continues her incredible success, trading all the capital available to her each week, then she will have well over a billion dollars by the end of the year (200% compounded return every two weeks, give or take a few hundred million dollars). Clearly, that's not possible, so it must be true that at some dollar level she can't follow the same trading strategy she's using. At some point the rest of her holdings will have to be sitting in cash or long-term investments, and she'll be daytrading just a tiny portion of her portfolio, still making $1,000-$5,000 a week or some other relatively small amount.
I'd especially like to know because I'm starting a small daytrading account and some friends want to get in, too, but I wonder whether at some point there's just too much money to manage successfully.
Thanks. |
