Sandy -- That's an awesome return so far this year. Congrats...
Is that 2.11% per day based on the 44 trading days this year and based on compounding your capital each day? Or do you take the profits and put them aside each day? If it's compounded, that would mean you're up over 150% in just over 2 months, which I don't think even an experienced daytrader can expect reasonably on an ongoing basis. And that's still a good amount less than 3% per day, which would have you up over 267% on the year...
As you mentioned in another post, it's much harder to have these kinds of returns with more capital. When I started, after about flat returns the first 6 months, I was fortunate to get my main account up over 1000% in the next 6 months. Since then, it's been much harder to get such huge % returns (plus I get significant short-term setbacks at times), and I've been happy with successively smaller % returns on a larger capital base, still making far more than I ever imagined before starting trading.
While it may be reasonable to make 1-3% per day without compounding for a good amount of time, I don't think it's reasonable to expect to average 3% per day (the question I was responding to) compounding over a long period of time. I don't think anyone in the history of the world has been able to do that, because their portfolio would be worth more than all the money in the world after a couple of years (Starting with $50,000, you'd have over $80 million in just a year, and over $130 trillion after two). That's the power of compounding...
"Well, therein lies the explanation."
Aloha
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