Having been trading my simulator for a number of months now one thing I am looking to consider the the rate or return achievable on a smaller account compared to a larger one.
I am under no illusions (especially in this market and with my lack of experience) that I can double or triple my money in a few months or anything crazy like that but I am curious as to what sort of returns can be achieved on smaller accounts by fairly decent traders.
I know this will obviously differ for different markets and people. For example in a strong bull market can someone double a $25,000 account in a year with good trading? Or is simply aiming for $5,000 profit (20%) more realistic. Obviously this depends on opportunity too.
Basically, the reason I ask is that I know of people who HAVE doubled an account of that size in a year or so. Also having a look at "The Chartist" discretionary trades between Jan08-Sep08 $25,000 was turned into $68,000. Is this a thing that can have a tendancy of happening on smaller accounts in a very strong market?
Please do not jump down my throat because I am completely ignorant to this and simply want to be guided along the right way of thinking. I may be way off!