It's no secret how winning traders win and take the profits from everyone else. They have an edge and they exploit that edge day in and day out. It's a number game. If you buy a can of beans for 30 cents and sell it for 40 cents you make a 10 cent profit. Do that 10,000,000 times and you've made $1,000,000. Trading is the same. If you make (on average) $50 for each trade you place then you execute 20,000 trades and you've made $1,000,000. Simple isn't it?
I've written an article called The Edge which explores how long it would take you to start with a $5,000 account and turn it into a $100,000 account trading the ES contract.
I'm not sure if I've posted this in the right forum (should it be in Career Trader?) but I'm sure that a moderator will move it if appropriate.
Comments and criticism welcome.
How long or how many or how often?
I work for a guy who trades the euro, and has even adjusted his trading hours to take advantage of the price movement that has occurred of late in the 'middle' of the night. He averages around 10 3 contract trades a day, and has been gaining around 275 ticks on those trades, or $3400.
Since these day trades can be done in a $5000 account, the answer to you question is under 30 days. Meaningless answer isn't it, but how many traders would lose their $5000 in 10-15 days, and what if your market loses its trading range? So I understand the arithmetic in your article, but it seems to assume many things in terms of being able to assign any profit goal and then automatically go achieve it, which is just not going to happen for the majority, is it?