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If you're a 10 contract trader in the S&P500 Emini, averaging 2 points per day net, President Obama considers you to be one of the wealthiest Americans. Obama defines "the wealthiest Americans" as single taxpayers earning more than $200,000 a year and couples with annual earnings in excess of $250,000. Let's do the math of a 10 contract trader -
10 Contracts X 2 Points = $1,000 per day (average)
$1,000 per day X 20 trading days per month = $20,000 per month (average)
$20,000 per month X 12 months = $240,000 per year (average)
2 points net per day on average, as a 10 contract trader, makes you one of the Wealthiest Americans.
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