What is a realistic average daily return for a day trader?
After reading many articles on the interent i can not find an answer. Of course there are the fairy tail ones about people making $1,000,000+ a year and also the tragic the ones about people going broke. not to mention the scams.
I really have no idea of what is realistic. However, I do understand that having realistic goals in your trading paln is very importaint.
Is a 5% return (each day you trade) on your total portfolio realistic? if so is it modist? or if not how unrealistic is it? - what is a realistic?
I have read that on average day traders (who trading for a living and are successful) have about a 60% success rate (60% of their trades are proftable) is this true? if not what is their real success rate?