Stock777 is a papertrader (and not a very good one either). Take this disaster from yesterday, a quick 14% loss in less than 24 hours. http://elitetrader.com/vb/showthread.php?s=&threadid=132781&perpage=6&pagenumber=1
Thats coz you are trading a real account. Switch to sim mode where you can reset back to $100,000 play dollars and you too can achieve these fabulous results.
with 20X buying power, it is only 1% ROI per buying power per week. OP probably forgot to tell everyone that he uses 20X margin.
I am only averaging about 17% ROA per month this year (uncompounded). Guess I have to pick it up a little to keep up with youse guyz...
My 2c Man you guys are great, I'm up a pitiful 20% since April, but I know a few traders who are way down or have been wiped out. I only know 1 guy who has made good money this year and even hes been flat for him over the past 2 months. I have only been daytrading for 2 years so still have a lot to learn. I try to target 1% per day, but my new scaling system is letting me down, I only scale if thetrade goes against me intially but the only ones that have gonee against me have continued that way. So I've had lots of small wins and the occasional bigger loss....
one trade make $100,000 with $40 commission and spent on 5 minutes on the trade. do you know how many trades and cost of commission it's cost to make $100,000 and time spent if your daytrading and making only $400/day 250 days which is a years work of daily grinding!!!