I don't understand why there is such a huge disparity between what people consider a good annual return to be, and what traders are REALLY making. A daytrader can have just a $25,000 bankroll and make an average of $500/day in futures or forex and they'd be up over 500% on the year. If they are exploiting a small intraday edge over and over again, they basically never even have losing months. How does a hedge fund manager making 25% get so much more notoriety? And why don't all the hedge fund managers employ only intraday strategies to minimize their drawdowns??