Day Trading For Dummies

In three months, I will have spent $5,000 of my capital on a functional office and will have a tested trading strategy that works well in simulation.
In six months, I will be trading daily. I will have lost no more than $5,000 of my trading capital.
In nine months, I will be trading daily, and I will have more winning trades than losing trades.

this equation, A is the advantage on each trade. That's the difference between the percentage of winning trades and the percentage of losing trades. In the expected return example discussed earlier, trades win 60 percent of the time and lose everything 40 percent of the time. In that case, the trader's advantage would be