DislikedNot easy is an understatement.
Not only would I say that not many intraday traders on FF clear 20% a month, I would say that not even a handful of traders on these forums (or anywhere for that matter) can consistently perform even close to that.
By that math, compounding monthly - your account would clear $70k in a year, and $1 mil in a little over 2 years (assuming you don't take any profits). From $10k to $1 mil in 27 months is not something you commonly see.Ignored
I find 1% is very high goal.
For us compounders, when we take 250 trading days in a year:
... 1% a day consistently means (1.01^250) = 12 times amount of money after a year.
... 2% a day consistentyl means (1.02^250) = 141 times amount of money after a year... (crazy)
But those are quite unrealistic... it sounds scary...
Lets adjust the numbers a little bit:
... 0.4% a day = 2.7 times amount of money after a year
... 0.5% a day = 3.5 times amount of money after a year
... 0.6% a day = 4.5 times amount of money after a year
My goal is more in these "fractions of percent a day"... or more like 1-2% a week... I will be the happiest trader in the world if I can reach this goal.
But lets agree: compounding is the way to success.
this pig cannot be slaughtered for ever...
or can it?