Note: As all the threads in the GEMS series, this thread will contain hand picked and minimally edited posts direct from the author, in this case RS7. I hope you gain as much from this series as I have gained. ------------- Working with a large firm.....over 1000 traders....I can tell you that in equities trading, the very best traders averaged about 11 cents per trade when the market was trending.(Sure, there was a period we were doing better than 50 + cents, but that was an abberation. Just buy Amazon and Yahoo and the rest every day). Now at that time, stock prices were substantially higher. Today those traders are closer to 2+ cents per trade. The actual dollar amounts are really irrelevant. If a trader has 100k to trade, or 10mm, they are going to use only what they feel is justified. So the return on those numbers can't be very accurately stated. NO ONE uses all their buying power all the time. In todays market, they are all happy (IMHO) to achieve 1% per month relative to their total allowable buying power. Of course 2 cents on an $8 stock is about equivalent to the previously mentioned 11 cents when the same stock was at $40. Now the question becomes.....how much does it COST to make the transaction? Well about 2 cents is probably a good guess. So net profit? Zero sounds about right. So how do we make money? Guess what....the good traders saved for this rainy day. Summers especially have been bad times to trade anyway. Having said this, I emphasize that this is EQUITY trading only. Is there opportunity in basket trading? Futures? Index tracking stocks? Option strategies? I certainly hope so. And I believe so, which is why I intend to go that route. If I am wrong, I will have to wait out the market. And yes, there is an argument to be made that we are once again in a "trending market"....(trending down). But as I speak, the dow is down 200 points (10am eastern). Is there anyone who doubts we can close positive today? Down 500? Rough market! By the way...these results are for daytraders only....including overnighting limited to single night holds.