500 X 240 days = 120 000 dollars for a 10 000 $ account that makes 1200% annual growth give me the name of that professional, i think he's good
If all of you were truly professionals, consistent, and profitable you wouldn't be hanging around this site to begin with....
I must have missed some big changes in patterned day trading regulations or this boy is clueless. When I started 6 years ago there was a minimum $25,000 cash or equity requirement to trade more than 3 day trades in a 5 day period. I think it would be very hard to be a successful "day trader" on 3 trades a week.
I think my housekeeper make about $500 per day trading. Can never get the bitch to clean the floor but she drives an M5 now. Bitch!!
Awesome. That's a goal to strive for. A few bad trades or your broker goes out for a few hours, with a 5% move the wrong way and your account is wiped out. Make it a 30% move. That's what a pro would do. "What I did during my summer vacation..."
based on the ignorance you display, an excellent job establishing yourself as one of the 80%. congrats.
I think you misunderstood, he is talking about prop trading with a 10k account. They generally give 15-1 or better(intraday)
If he's only talking about prop trading, then why did he make this statement? "for swing trading and overnight...SEC margin is maximum 50% margin " Prop trading is not restricted to 50% for overnights.