that would depend? If you have a $3million account 10% return would be great. If you have a $5k account 10% return would be awful! are YOU a daytrader Mr market?
Too me, the performance appears identical. It seems like both examples indicate to me traders of equal prowess.
Actually according to Wallstreet the actual longterm return on a buy and hold strategy over the last 50 years is about a 10-11% return so for the sake of comparison one should strive to beat this on an annual basis. p.s. the national average for a day trader is net $68.00 per day according to the SEC, NFA and CFTC.
Scared to take my challenge, smart guy? So you call me a name? Ouch. You pathetic weisel. Put up or shut up. You deserve to be on mr. monkeys thread. Both are you are full of crap. Only mr. monkey's is monkey crap. Hey mr. monkey, care to comment on your 27% ET approval rating?? Come on, tough guy, you have a big mouth about everything else. Let's hear your hairy reply. http://www.elitetrader.com/vb/showthread.php?s=&threadid=24941
He only post when it is in his favor to do so. T-REX all but challenged him to an "EGO CHALLENGE" and he backed down. what a coward.
Isn't it amazing that Mr. Market can't grasp this simple concept? Definitely not a trader. peace axeman If you have a $3million account 10% return would be great. If you have a $5k account 10% return would be awful!
LOL oh god this is so funny.... ps let me give ya a hint about axeman.. he's got an ego to feed (and he don't fly straight no more)
Within this context: If you have a $3million account 10% return would be great. If you have a $5k account 10% return would be awful! the level of skill required to get that 10% is very different depending on the account size. This is the OBVIOUS thing which you are missing and any decent trader is very aware of. Just more proof that a Wharton degree means nothing when dealing with real markets. You better go study some more. You just made it painfully obvious how shallow your knowledge of trading really is. Coupled with the fact that you have DODGED the simple question of ACTUAL returns for many posts now, gives me all the reason to believe you are a sham. peace axeman