How many does daytraders make in nowadays markets?

Discussion in 'Trading' started by abesiki, Nov 15, 2003.

  1. Actually, the annualized return after compounding is 16,777,215% - you forgot to deduct the principal.
     
    #81     Nov 18, 2003
  2. Well then....i am not interested....

    Michael B.
     
    #82     Nov 18, 2003

  3. Damn! I hate when that happens.
     
    #83     Nov 18, 2003
  4. You made 2 mistakes, Thunderdog - it should be 1,677,721,500%.
     
    #84     Nov 18, 2003
  5. Hmmm. I think you stubbed your toe on that one, Mr. Sub. Care to explain?
     
    #85     Nov 18, 2003

  6. you're right...what the hell was I thinking...besides...If you can't even eeke out 300% a month trading you should be selling CARS!
     
    #86     Nov 18, 2003
  7. Sure. Take a simple case of doubling your money in one period of time, say a year, which we know is a 100% return. The formula for the rate of return is :

    (1+1)^1 - 1 = 1

    To convert this to a percentage, we must multiply by 100, giving us 100%. So my friend, you forgot to

    (1) subtract the 1 (principal), and
    (2) multiply the final result by 100.
     
    #87     Nov 18, 2003

  8. Double damn! You're right again. I may have to change my name.

    In my defense, it has been just over 19 years since I studied finance in school. Further, we did not deal in percentage returns calculated in the billions, so I guess I'm out of my elements. I guess I just lost my compass amidst all those digits. Humbling indeed.
     
    #88     Nov 18, 2003

  9. I'm calling the NFA!!!! I want my money back!

    Michael B.
     
    #89     Nov 18, 2003
  10. Pabst

    Pabst

    You're a lying sack of shit. 90% of your post's are you posturing in a shameless manner for business. 300% every month. ROFL!!!!! So 36 months ago on a beginning account balance of 10k if compounded at 3000% a year you would be worth 297 MILLION DOLLARS. Oh but I know you're not worth that much cause the liquidity in ES just dosen't allow you to trade 800,000 contracts at a clip. LOL. Baron, ban this prick.
     
    #90     Nov 18, 2003