YM Magic!

Disclaimer at bottom still says sim.

 

Retail works just fine...just not at his numbers.

 

Ofcourse the dude is never going to use real money.

 

While I see your point, it's hard to generalize on all traders just from this one guys sim results.

 

Paying 2% of your account every day in commissions is crazy.
500% a year just to break even. An almost impossible hurdle.

 

Its pretty interesting (psychology) to see how he chased it on 4/7. Started out small and then kept upping the ante. 5 contracts, then 7, then it was 10 contracts every time. Trying to get it all back fast. Almost predictable. Sure fire path to zero.
Of course I'm not speaking from any personal experience or anything. Naa....not me. Never done that.

 

I've been there too. It works great until it doesn't.

 

if you avg more than 2% per day isn't crazy...I don't trade in this style but I'm sure some do it successfully.

 

It's not 500% on leveraged capital, only cash on cash. You can't use the same metrics for a retail trader that you do for portfolio management....entirely different universe.

 

If all you have is a $10K retail trading account and you plan to pay 50K a year in commissions ($200 a day)

You stand almost zero chance of success, unless you get lucky or have the mythical holy grail.