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$72,400.

That's the correct answer.

If a trader would be able to consistently make $100 per week per contract, and applied proper money management techniques, then his trading account would grow from $10,000 to $72,400 in only two years.

Here's the spreadsheet:



Too good to be true? Impossible?

For most traders - unfortunately yes.

There's nothing wrong with the logic: Even if a trader would not achieve his goal of making $100 per week and miss it 2-3 weeks in a row, it would simply take a month longer to grow his trading account to $72,400.

The reason ...

This week I received an email from a trader, who was very unhappy with his trading results:

He has been trading a $10,000 for 6 weeks and made $600 in profits. He was disappointed, because he thought he could make more money with trading. Just as a background: This trader is day trading the e-mini S&P, and he has been trading 1 contract.

$600 in six weeks means that he made $100 per week. That's really not a lot, is it? He could be flipping burgers at McDonald's and make more money, right?

Wrong!

When it comes to day trading, it is all about consistency. This trader is already making a fortune, he just doesn't know it yet. Once he learned how to make consistent profits with day ...

Markus' Day Trading Blog
Submitted by Markus on Mon, 08/25/2008 - 01:31.

Today I received an email from an investor with the following question:

Markus, right now the Dow Jones Index is at 11,600. What do you think: Where will the Dow Jones be at the end of the year?

I thought I'd share my answer with you. Here's what I wrote:

Raj, to be honest: Predicting the Dow for the end of the year is like throwing a dart. Most traders would be happy if they could predict the Dow for a couple of minutes or a couple of hours. I assume you're asking this question because you need this information for your investment decisions.

Keep it simple:

1.) Buy when the market is going up and sell when the market is going ...