If you had spent more time becoming a better trader, maybe you wouldn't worry so much about math. Or do you actually think rich people are doing addition and subtraction on their net worth every day? That's what you pay people for while you're sipping a cocktail on your yacht.
{quote} If you are somehow on yacht right now, you are definitely serving drinks and snacks to the owners and their guests
{quote} If you are somehow on yacht right now, you are definitely serving drinks and snacks to the owners and their guests
{quote} so math is bullshit...ok...in fact when I write this reply, your post has already 9 likes, but still no one dared to say the number. Also some put me on ignoreI won't say it myself yet, because maybe some are working on it and I don't want to ruin their effort. Let's give them some time... As a reminder, the challenge was: - first step: if a trader trades 500 lots on gold and the price moves 10$ in the right direction, how much is the profit? - next: assuming the trader places everyday just one trade of 500 lots, the price...
The calculations are:
[
50{,}000 \text{ oz} \times $10/\text{oz} = $500{,}000
]
Profit per trade = $500,000
[
$500{,}000 \times 200 = $100{,}000{,}000
]
Annual profit = $100 million
[
$100{,}000{,}000 \times 3 = $300{,}000{,}000
]
Total profit after 3 years = $300 million
Summary
ScenarioProfit
1 trade (500 lots, +$10 move)$500,000
200 winning trades/year$100,000,000
3 years$300,000,000
This assumes every trade is profitable by exactly $10, there are no losses, commissions, spreads, slippage, financing costs, or liquidity constraints, and that trading 500 lots can be executed at the intended prices.
{quote} so math is bullshit...ok...in fact when I write this reply, your post has already 9 likes, but still no one dared to say the number. Also some put me on ignore
