Originally Posted by ;
quote Hi Jack, I have been daytrading for a few years now and achieve about 5 percent pcm on long-term average but I am not sure that one statistic has validity on its own. How I get it's from a consistent small edge on a lot of transactions: roughly 60 trades per month, average 55% success rate, risking 1% of the account per trade with an attained average reward:risk of roughly 1:1. I very rarely get a drawdown in double digits. You do it in a somewhat different way, 2 percent risk and 70% success rate. I imagine you exchange a lot less often than I do and I have...