so 12 million shares a year .... let say at average of 30 dollars.... tha'ts 360 million dollars worth of stock you traded..... if you make 100,000 on 360,000,000.... i can't read the sign on my calculator.... what a competitive business......
I think.... he is trying to say that based on ACTUAL POSITION SIZE, the return on this amount is about 0.03%. If there was a 10:1 leverage on risk capital, then the annual rate of return from trading based on his assumptions would be a meager 0.3%..... which is where the "competitive" issue comes in. Hopefully, he has already deducted commissions...hmmmm.
that means you hold at most 500k during the day. if you make 100k that is a pretty nice return. no wonder you probably don't make money