[Lix]

I’m not sure if I’m allowed to post links here to external sites but I’ll give it a try.

I created this estimator mainly for myself but maybe some beginners could use it and find it interesting. It’s unlike any other day trading calculators out there. I’ve looked at some of them but most, if not all, are asking for figures about P&L, win/loss ratios and spits out some esoteric results that are completely irrelevant and don’t even make sense unless you’ve been trading for at least 20 years. (In which case why would you even need a calculator?)

It’s geared towards beginners who want to trade multiple times a day in a cash account (although you could prolly use margin account as well).

Prices are randomly generated between given ranges and can be weighted based on input specs. It spits out a detailed “possible” estimate noting daily profits, fees, and your account balance on any day.

Don’t want to write a lot here, there’s a detailed description with examples on the site.

In short, it works like this. Let’s say you have $5,000 in a cash account and you’d like to trade 5x a day using $1,000 ($5,000 / 5 = $1,000). Based on the input parameters it randomizes the stock price and EPS values for each trade and creates a “possible” result. You can continue to refine the inputs as you like.

You can press “Calculate” multiple times and each time it will generate a new set of randomized scenario.

It calculates FINRA and possible broker fees. I’m not familiar with EU taxation so taxes are based on the U.S. tax code for short term capital gains.

https://daytradingprofitestimator.tiiny.site/

(It’s just a free site that I host it on.)

Anyhow. Hope you find it interesting.

Or not. 🙂

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