That 200% is very sustainable provided things go up (I fade the markets) I wish we could go back to bull markets because possibilities on the downside are plentiful there(I know it seems like a contradiction). This bear rally is just what the doctor ordered for me.
When I first started scalping, I had a 2k account and averaged $200/day trading 40 shares of stock with 60 to 100 round turns per day. Can't do that now.
No amount of money will matter if you are not profitable. If you are profitable then the account size you need depends on what you are trading which makes a thread like this which doesn't mention any specifics pointless. Also I just doubled my account while I was typing this post. Doh, it just doubled again before I hit Submit...
>>Be aware that 10% of 300k is a measly 30k/year, almost a cab driver salary.>> That's bullshit. 10% per year is also bullshit. I would rather load up on CDs and go get a job, for 10%! I started with $2500 and could start again tomorrow with the same amount. I make my living this way, never had, still don't have, a 500k account. I don't need one to make 500k per year. As GTS eluded to, your system is your multiplier. If you're not profitable, then you can draw up a million spreadsheets with dreamy potential income figures, but you won't get there without a system that works and that you yourself can fix or replace. Kinda like FORDs (Fix Or Replace Daily). - Dodge 3500 Cummins owner
Then you will be richer than Bill Gates in less than 1 year. BTW-- I didn't see "IShopAtPublix" on the Forbes 400. Did you contact them about the error?