Tuesday, February 05, 2008

What is a realistic % yearly gain for a day trader?




The results are in and the highest number of votes went to day traders should make 100+% returns on there account every year, however, as Bill posted in the comments, the majority of voters, 66%, voted for less than 100%. More than half the votes, or 54%, voted for 25% or less. That assumes of course that beating the S&P 500 means a typical return of 25% or less.
Thanks Bill

1 comments:

Bill aka NO DooDahs! on 8:40 AM said...

Umm, that is a dangerous misuse of statistics, my friend. The MODAL or most common single vote was 100%+, true. However, the majority of voters, 66%, voted for less than 100%. More than half the votes, or 54%, voted for 25% or less. That assumes of course that beating the S&P 500 means a typical return of 25% or less.

This poll you ran is actually not out of line with the voting that Trader Mike had on his site a year or more ago, where the majority of the votes (about 60% give or take if I remember correctly) were looking at 50% or less annually. I put the link to it on the MTM site in the comments.

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