Interesting IT never took the time to work that number out but I did think it was somewhere around half to 25% to what a good Day Trader can produce. Ditto on the rest most are toast trying it and the tuition if you do make it for the first year or two is like paying for the 4 yrs of ...The U of trading.
"Precisely my point. Anything overnight, it's impossible to be a consistent winner against the trend. Either the gaps or trend will get you. Repeated assaults by the trend, will make you psychologically weak to take the signal when the real trend change happens. Been there, done it and endured the battle scars. Day trading is a different ballgame altogether. "
Too true, been there as well, long time ago, got the T shirt.
Atlas-As I pointed out, I need only take 4 Es points a day to top the return of "sitting bulls"-if you think I can't do that-it's your perogative.
A long time ago I did a little study. I figured out what the typical trend bought at somewhere near the low, and sold somewhere near the high made for you, on average. What I came up with was something like 2.5 points per day. So it becomes obvious that even in this relatively non-volatile climate that if you can catch the various intraday swings you can exceed that by quite a margin. And that of course is what causes so many to attempt day trading. Averaging 4 handles a day is no easy feat. I'll take you at your word that you do this, but I would also say that for most people it's the impossible dream.