Guys, With this I make the announcement that 1 january of 2003, I will try to beat the record of Larry Williams when he turned 10000,-$ into 1.147.607,-$ in 1987. Well, he never came anywhere close to this record and he didn't make enough trades to exclude the luck factor. 95 % of my trades will be daytrades. I will make so many trades that the luck factor can be excluded ; the law of the big numbers. I will publish my daily results on my website. It will be the broker who will confirm those results or Mister Don Bright. I still have to make the choice. In 2004 I will let audit my results to convince all. I make the announcement before the performance is achieved ! If you tell me that you will win the lotery next week and you win it, then you must known something more....... So, all of you are invited to follow my adventure !
that's not so hard, it's only 50% a month compounded for a year straight, us elitetraders can do that in our sleep, right dudes?
DarkHorse, If it's not that difficult then first learn to count my friend. 60 % a month is already 109.95 times your initially invested after 10 months.....
To reach Larry's record, I should do 2 % a day and compound my profits. I will start out with more than 2 % a day and as the capital starts to grow, I will have a decrease in % return because of the size. If you only play with one futures contract you will always be filled at the best bid or ask, but with 100 contracts not....
Take a look at his trading records. Be prepared to do some huge position sizing. He risked > 20% of his account on each trade!!!! Robert Tharp