Well - problem is no-one told BSD the golden rule about interweb debates...
Never go full retard.
BSD - you went full retard. Went home empty handed....
On what verifiable hard facts are you basing your nonsensical allegations on when I have hedge fund managers, bank traders and the SEC all supporting my stance that short term intradaytrading is not scalable ?
Sp let's do the maths once and of for all, I honestly cannot believe I'm wasting time on such totally obvious crap on a trading board.
Like I said, it's not about beliefs in trading which ain't religion, but instead about hard, verifiable facts !
Either someone is pregnant, or they aren't...
Either you can compound daytrading, or you can't !
Are there only paper traders here any longer never experiencing slippage ?
Let's assume Toasts conveniently invented buddy who can
per him compound daytrading existed, and that, as toast ludicrously claims, you could compound daytrading because markets had unlimited liquidity, ok ?
So let's assume his invented buddy existed, running a portfolio of 18 million, and is achieving returns of 80k per day, which translates into a percentage return of ca 0.44% / day.
Actually, with that I can absolutely go along, returns like that are perfectly achievable with smallish / medium daytrading accounts, only it's just
not compoundable.
Twi was at a prop firm and is at a hedge fund now, and he corroborates even way better returns with small daytrading accounts:
Many people think if you make 20-30% a year that you are doing brilliantly well. Many here will make 50-100% per month. It is not a methodology you could apply to large amounts of capital such as fund trading but for individuals accounts it cannot be bettered.
So doing the maths, IF you could compound returns like that, you'd be the richest person on this planet in zero time, compounding at almost half a percent per day over just a few years with an 18 mill portfolio:
http://www.smartmoney.com/compoundcalc/
Unfortunately no daytrader is the richest person on this planet and no returns like that are being achieved by the truly richest traders on this planet running hedge funds that are absolutely nowhere near what daytraders with small accounts can achieve as with their size the Tudor Jones and Soroses at best average out at 20, 30 % p.a, because trading size you move the market, a perfectly obvious fact confirmed by the SEC who in their study discovered that entering a 75K order into the market needs on average about 5 hours if you don't want to move the market !
Is this gonna be comedy central here or a board for professional traders !
