Only 25-50 ...MM can do that in a day ....tthe apprentice becomes the master
So TRUE
The apprentice / imaginary student ( as referred to by Tar - I like that ) could easily overtake the master in the next few years - due to many reasons.
With regards to returns - as you pointed out - if I only can do 25 -50% (roc) on my live capital account and Major Magnum as already a few times done returns of over 25% per day on a live account - why is that ??
I am sure you will know - but many will not - so its important to point it out to newbie traders - who think if professional top institutional traders only make 25 -50% per annum - how can anybody do it in a day.
Well its all down to risk and size of capital.
If I was trading myself with a say 5 million dollar capital account - I would be delighted on make just 25% return over a year. If I was trading with just a $500 capital account - and I said great i have made say 30% in a year - I would say great if it was just a couple of trades and less than say 5 hrs work - but that return is useless in real terms
MM on one of his small live accounts traded with 2% of capital per trade. I trade on my main live capital account normally at under 1% and on many 30% stake wins -its under 0 2% of capital per trade.
So pro rata it and then if MM decided to trade with say 5% of capital per trade on a small live account - ( high risk ) - he would have made over 60% return live on his trading day. But if he traded at just 0 5% capital - it best day live would be only about 6 or 7%
Can a FX trader on a retail live account make over 200+ % increase on their account in a year - For certain - if they are experienced and good at their skill
Can a Institutional FX trader make 200% on a $50 million account in a year
No way
Merry Christmas
Regards
F