He made a decent chunk of money (maybe £250k or so) in a year or 2 trading the dow and spx.If your dad had no problem at £100 that sounds good to me. If I did achieve this level and possibly even more per point maybe having more than one sb account and spread the amount ie £200/£300 around the accounts. How did your dad do with his trading over the years.?
A lot of them gains were due to following the calls of a trader he met in some AOL chatroom or something! (he met an amazing dow trader and followed her calls) - Lost contact with her. Carried on trading on his own, but slowly started bleeding money and had the good sense to quit after he'd given back maybe 90k or so. Decided he didn't actually have an edge and had just gotten lucky
The guys I know who are trading 70 ES lots are consistently profitable and make so much money that i'm not sure anyone would believe me if I told them lol.