ETF Range Projections & A Quote to Start the Day
Experience does not err. Only your judgments err by expecting from her what is not in her power.
- Leonardo da Vinci
For more detailed economic data click “Today’s Calendar” in the navigation bar to the left. 
Most overseas indexes with the notable exception of the Hang Seng are quite this morning: Nikkei 225 +0.06%, Hang Seng +2.00%, Shanghai -0.47%, DAX +0.26%, and the FTSE +0.16%
At about 7:20AM ET, post election but pre-FED the futures are a little better this morning: Dow +26, S&P +3, NAZ +2, Oil +$0.76 and Gold +$1.30
Trade Safe and
have a great day
1% per Day
When you read or hear stories about some super trader who turned $10,000 into $1,000,000 in one year, your skeptical (or should be) and you wonder is something like that is sustainable? Without going over the math that performance works out to a rate of change of 1.84% per day for 252 trading days in one year. A weekly calculation would return 9.26% per week.
I get the calls all the time and I’m sure you do too, we’ve got this system (probably in Forex) that is returning to our clients 20% per month. I usually handle the call by saying thank you for the call but I’m not interested, I do my own thing. However what if you were able to return 1% per day? If you consider a month on average contains 21 trading days then that’s what these people are purporting to return.
If you could return 1% per trading day then $1,000 would become $50 trillion dollars in 8.9 years. That would be equal to approximately the total value of all property in the United States in 2006. The Math:
1*104 * (1.01) x = 50*1012
(101)x 5*109
x=2,244 Trading Days =8.9 years *
Why are they taking clients, just trade the $1,000 and you’ll have more money than you can spend in no time. A word to the wise!
*Source Howard Bandy - Quantitative Trading Systems