This was in my mailbox and thought it to be of interest. I think the calculations will surprise some of you. http://www.mypivots.com/calculators/day-trader-millionaire-calculator.aspx
I calculated the time it would take someone using the Hershey method to become a millionaire. It said 27 days. Neat.
It reminds me of the kid who was asked if he wanted $10 to mow the lawn, or alternatively, 1 cent on the first of the month, 2 cents on the second of the month, 3 cents on the third of the month, and so on through the 30th of the month. The later gives you in excess of $10 million.
You might want to recheck your math on that one. I think you must have remembered the example incorrectly. The latter will give you $4.65 in your example.
I think hurricane meant: .01, .02, .04, .08, etc. not: .01, .02, .03, .04, etc (which is what he typed).