When are people on this forum going to learn the difference between between pulling a 10% per week income and compounding at a rate of 10% per week????
Ok, let's get something straight here : compounding or not, NOBODY can make 10% a week consistently! Not even Soros or Warren Buffet!! I will repeat that again: NOBODY can make 10% a week consistently. The biggest hedge funds in the world cannot even make 10% per year on average and you are talking about making the whole freaking S&P 500 average yearly return (9.77%) every freaking week?? Stop living in La la Land, wake up and smell the coffee.
While I worked for a Swifttrade offshoot, the expectation was 1%/day. Whether or not you can produce this result consistently over the long term isn't really the point. I am 100% certain the real goal in trading is to shoot for the moon and then get the hell out of dodge. Having made your millions, INVEST it for the long term. Otherwise, you're going to give it all back to the markets.
I also find it funny to see this comparison on this forum all the time. How one "trades" a large hedge fund and how one trades their individual account is fundamentally different. You're comparing apples and oranges. Think of it in this way: If a person earns $50,000/yr income, what is their attitude towards $100 versus $100,000? How quickly will they spend $100 versus $100,000?
You mean like making 1% on Monday and losing 79% on Tuesday? Vegas, here I come! Enough of this nonsense.