i worked with a trader who had 12 million us swings daily in his account. he made about 125K avg a week off that. this was 15 years ago and now he has 500k in muni's for his kids. so a 100k a day consistently - f_ck no! no one can do that without a team of people. it would take 30 mensa members just to keep up with all the accounting and positions. mb
I've been posting on various types of forums for 8 years. These are the common attributes among the posters. 1. They are at least 6'2". 2. They are millionaires. 3. They have black belts in several styles of martial arts. 4. They regularly bang supermodels.
Here's the income statement of the biggest daytrader out there: http://finance.yahoo.com/q/is?s=NITE&annual
besides mental weakness how does position size really effect the ability to make money? i guess maybe in being able to find buyers...... :S but if your markets are liquid enough isn't position size somewhat irrelevant? if someone is trading a position size of 10 million or 10 thousand isn't it just buying and selling regardless of size? (i'm new to trading and if this sounds ridiculous i'm sorry)