https://en.wikipedia.org/wiki/S%26P_500#Performance
252 trading days a year
Say the day trader has $100k and uses 3x SPXL / SPXS style funds to get leverage / avoid having to use margin.
17.87% buy + hold return compounded annually would give you $117,870 first year
$17,870 profit from $100k investment on 252 days = $70.9126 per day
Need daily return of 0.0709126% to make $70.9126 per day
$0 commissions/fees on buying/selling leveraged ETFs
$0 margin interest because you're never going short (you go long shares of SPXS to obtain short exposure, yes they charge you a high expense ratio but… you aren't holding for even a single full day. always exiting at market close)
If you can't randomly guess buy/sell enough during the day to make $71 with $100k… I don't know what to tell you… Is this really what we tell ourselves? Everybody here agrees daytrading is nonsense, fake, a bad idea.
You guys can't make $70 on $100k 252 days in a row guessing when to go long/short and when to exit?
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