Realistic returns expectations of successful day trading

[geneticien]

Looks like soon we’ll find out about:
“
A trader who turned an initial account of $2,500 into $50 million.
- A trader who achieved an average annual return of 337% over a 13-year period.
- A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis.
- A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span.
- A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%.
“

All featured in the upcoming Jack Schwager’s book:

Oh yeah. Let's do the math.

-- A trader who achieved an average annual return of 337% over a 13-year period.
= 4.337^13 = 171 million times the initial investment = bullshit
The author of that book probably does not know what the average annual return is.

 

[guru]

Oh yeah. Let's do the math.

-- A trader who achieved an average annual return of 337% over a 13-year period.
= 4.337^13 = 171 million times the initial investment = bullshit
The author of that book probably does not know what the average annual return is.

Look at Rentech. They reset/restart each year with $10 billion because that’s their max capacity.
No one says it’s compounded.
Also, could include something like 10000% during some period that some people might’ve made with crypto.

 

[Opcodes]

Looks like soon we’ll find out about:
“
A trader who turned an initial account of $2,500 into $50 million.
- A trader who achieved an average annual return of 337% over a 13-year period.
- A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis.
- A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span.
- A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%.
“

All featured in the upcoming Jack Schwager’s book:

now this motivates me

 

[HolyGrailSeeker]

Well, in the current bull run there are many fresh millionaires being minted.
CamTheMan is in hot pursuit of world records, turning $1000 to over $2 million in the last 6 months. I think that’s over 200,000%.

I'm pretty sure that guy is a scam. There was a video circulating about him "teaching" candlesticks and he has no idea where is the open or the close.

$1k to 1 million in 6 months is just not possible. It's like making a 6% plus returns compounded everyday without a single loss which isn't possible.

 

[qlai]

I'm pretty sure that guy is a scam

What about audited brokerage statements? I think he found the holy grail you are seeking

 

[deaddog]

Yes there are people who have turned a few thousands into millions trading. It is possible but I wouldn't say it was realistic.

Every endeavour has its superstars. There's the guy who started a book store in his garage and so on. The people at the top make a lot of money.

If I suggested that if you want to make millions all you have to do is buy a set of golf clubs and get on the PGA tour you would probably say that wasn't realistic.

Why would you think that buying a computer and opening a future account was anymore realistic.

Realistic returns? If you can beat a buy and hold strategy of the S&P index you are doing better than the majority of the people in the business.

Realistically 90% fail.

 

[HolyGrailSeeker]

What about audited brokerage statements? I think he found the holy grail you are seeking

https://twitter.com/x/status/1274043037459591175

This is a leaked video of camtheman teaching, he doesn't even know the open/close of the candlestick. He even claim his not a professional at reading the candlesticks lol. Lots of things can be photoshopped and be claimed without any proof, do you really think he made that amount?

 

[qlai]

This is a leaked video of camtheman teaching,

Oops, I was talking about Ross Camron. I don’t follow this guy so cannot comment.

 

[Axon]

https://twitter.com/x/status/1274043037459591175

This is a leaked video of camtheman teaching, he doesn't even know the open/close of the candlestick. He even claim his not a professional at reading the candlesticks lol. Lots of things can be photoshopped and be claimed without any proof, do you really think he made that amount?

Holy shit LOL

 

[HolyGrailSeeker]

Oops, I was talking about Ross Camron. I don’t follow this guy so cannot comment.

Ross Cameron seems knowledgeable but as to whether he took 583 to 335k in one year that's 57,000% returns.

I do not know if anyone believe in the results? You can ask people are here if they can get anywhere close to this and their opinions.

From what I heard is his front-running his students. Buying cheap a certain penny stock and then sending notifications to his thousands of students which will cause the stock to pump. After which he sells for a handsome profit. If he is doing that then maybe it's possible to achieve such results, but you will get burned badly if you are following him.