Maybe read this: https://elitetrader.com/et/threads/es-journal-2021-2022.353736/page-228#post-5440841
In that post I made a lot of statements. Only one of them was wrong. Your post shows what intellectual honesty means to you. And it shows also clearly why discussing with you is useless.
You are correct 1% day after day after day after .... (actually $673.92, a little less than $680). But close enough. Now how about after 365 days - that would be $18704.67 and 730 days / 2 years - $706,726.69 wow very nice but nothing compared to 1825 / 5 years (leave off leap day) and you will have made $38,120,253,836.91 Math is easy in Excel. BTW I know a realtor down here who has many Bahamas out islands for sale. Maybe even Epstein's old haunt.
That's why I proposed to read this link: https://elitetrader.com/et/threads/es-journal-2021-2022.353736/page-228#post-5440841 Or you did not read it or you are not smart enough to understand it. Or you probably think you are too smart and don't need to read it as you know already everything. Simons ( Medallion and Renaissance), who is one of the best/biggest traders in the world with record breaking returns, has limited years ago already, the size of his fund to 10 billion as it was impossible to take bigger size without losing considerable return. For you that seems not to be a problem as you assume that 38 billion is no problem to trade. I never mentioned what size I trade, but you (and your friends) don't even understand that size is important to calculate how much money is made. You have a magical formula that does not need the traded size to calculate the profits. Math is easy in Excel? Except of the 1 month calculation, all the others you made are wrong. You think that math in Excel is easy, but you apparently miss the knowledge to calculate correctly. 365, 730 and 1825 days don't give the results you post with a daily 1% return. About that island. It is pathetic that you need that kind of irrelevant arguments to try to proof your point. This is indeed ET, a lot of idiots who have no clue about trading. A lot of people still don't understand that this "you would be the richest man on earth" calculation is utterly stupid and non realistic.
You are correct VIRTUSA (who runs and hides his posts all the time) 1% day after day after day after .... (actually $673.92, a little less than $680). But close enough. Now how about after 365 days - that would be $18704.67 and 730 days / 2 years - $706,726.69 wow very nice but nothing compared to 1825 / 5 years (leave off leap day) and you will have made $38,120,253,836.91 Math is easy in Excel. BTW I know a realtor down here who has many Bahamas out islands for sale. Maybe even Epstein's old haunt.
Most tradable assets find a lower level that begins to look over sold. BTC is no exception. Professional traders hesitant to short much further because BTC will obviously squeeze and become a buy and retail will follow and crowd into again. Probably cant short it too much more right here. Lower 40s and it gets bought hard. High 38k and it spikes and runs for days and days. And, if much more hard price dropping happens quickly...then the resulting over sold buying will offer it enough momentum to run and break above 68k into the mid 70s and stay. Even the Fed is hesitant to short it here.