What are the chances?

"If everyone spent 90% of their time on how much they can afford to lose instead of spending 90% of their time on pie-in-the-sky ideas of how much they’re going to make then they’d be incredibly successful investors."

-- Paul Tudor Jones
 
Quote from Amagaldu:

Theoretically speaking is it possible to average 0.5% per day over the long term?
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Assuming 220 trading days in a year, you are looking at 200% return on investment. The top investors in the world are making 20%-40% return. So, you tell me, what are your chances?
 
Theoretically, everything is possible...

Quote from nonlinear5:

The top investors in the world are making 20%-40% return. So, you tell me, what are your chances?
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And of course, you are comparing a hedge fund investor with a small retail account trader.
0.5% is 1 ES point per day with a 10K account, just to put it into perspective...
 
Quote from nonlinear5:

Assuming 220 trading days in a year, you are looking at 200% return on investment. The top investors in the world are making 20%-40% return. So, you tell me, what are your chances?
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Yes.. spot on. Anyone who attempts to justify other is simply full of crap! (Over time, neither "vehicle" nor "time focus"... long term investor, swing trader, scalper... makes a difference)

Averaging 20%/yr is good, solid work. Averaging 30%/yr is "extraordinary". Averaging 40%/yr would be what? What adjective exceeds "extraordinary"?

BTW... there are 254 trading days per year. 365 days, minus 104 weekend days, minus 7 official market holidays.
 
Quote from Scataphagos:


BTW... there are 254 trading days per year. 365 days, minus 104 weekend days, minus 7 official market holidays.
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If an independent trader "works" EVERY trading day then he/she is missing out on the bigger payoff of being an indepenent trader.
 
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