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alohamart

03/06/03 9:19 PM

#83921 RE: gvj723 #83909

I think that 3% per day is absolutely ridiculously unreasonable. I've been extremely successful since trading full time the last 3+ years (position trading, not daytrading), with several hundred % returns on my overall portfolio, but I'd hand all my capital over to you to manage if you could get me 3% per day.

Do you realize that if you had $1000 and made 3%/day for one year, you'd have over $1.6 million after that one year? Even at 1%/day you would multipy your money over 12 times in one year.

More likely, you'll have some 1% days, some 3% days, and quite a few -1% and -3% days as well, along with a bunch of 0's. The trick is limiting the down days and maximizing the upside days.

Good luck...

Aloha
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Justa Werkenstiff

03/07/03 10:40 AM

#84185 RE: gvj723 #83909

George: 3 % per day is 15% per week or 780% per year not considering compounding. If God daytraded, he would be so lucky <g>. Anyway, I don't daytrade often so I am not a good measure.