%% LOOKS like your math is mostly right; matter of fact one good volume bioteck ETF XBI is better than one of my energy benchmarks ETFs ,XLE 10 year average. So far so good/ on your math. Sorry, the volume bioteck XBI cant beat SPY , 1 year , 3 year ,10 years. Cathy woods maybe can beat that; but with 80%of pro fund managers cant beat SPY benchmark. Did you know that??????? On a more positive note 80% businesses fail : + I' ve been doing business all my life, with mostly profit+some exspenses- losses. [Not bioteck, but since that'$ your interest; you may pull it off; but never trade or invest with money you cant afford to lose]
I made $25,000 in one day scalping with a $50 lockout. I've also made $200,000 in one day scalping with a $1500 lockout. I don't see how it's possible to produce these results now. However, I think that game ended in 2021. Something has changed with the market makers over the last couple of years that have made it basically impossible to lean on the bids/offers of the level 2's. Prices are changing much faster regardless of the liquidity shown.