taking a coffee break for now just below 4400, rode 25 points back, got back all yesterday's loss and plus few more points.
btw, don't trade micro unless it is a practice, it is not worth your time, commission alone will eat you alive. and don't ladder your positions just because you see a runner, always take profits until your account size can afford carry trades into the next day.
I also think ( I am more or less sure) that 20% is non sustainable. But your calculation sucks. I would have expected an intellectual correct argumentation. But I was too optimistic I suppose. So you were both wrong. I daytrade the S&P since the early 90's (when it was at $250 a point) so I have more or less an idea what is possible and what is not. I do believe that extra ordinary returns are possible, and made by some traders. But I get angry when people start with the eternal compounding argument, which is complete BS.
In my humble opinion - compounding should be done very slowly and carefully, unless you have a mechanical method/system which works across all market conditions or otherwise are very experienced. For example, if you're buying dips and even average down you'll do great for a period of time, but eventually you'll give back a lot of profits when the market eventually sells off as you'll usually have your maximum size on then.
Afternoon session is always a risky downer, gave back most of my morning gains but overall pnl is positive for the today. Divided my zero position, I’d say I make an infinite rate of return, could be a trillionaire anytime now.
This is the “sell the stocks to pay the private school tuition” dump. Not to worry, uptrend resumes momentarily
still holding the other position Should get some big up days this week after we had some downside moves last week.