I just finished a little phone call with a member of my trading room.
He had two phenomenal mornings these past two days. Locked-in gains, then ended up net negative each day.
We spoke actual numbers. For the sakes of this post, let us just use a hypothetical amount of $5,000 and I’ll ratio-adjust it.
So you’ve got a $5,000 TRADING account, and you go into the market into the morning and have the luck of making $2k.
That means your account grew 40% in A DAY! Most people trying to ‘beat the indices’ are looking for on average over 20% A YEAR.
While it is impossible to have such gains every single day (as your portfolio gets larger you face special issues….and beyond those, nobody is right about every trade they take).