Table X. Yearly loss per initial amount...

Table X.

Yearly loss per initial amount invested for different number of stocks over a five-year period and under an EW strategy

	Amount	Yearly loss – TC per share (%)	Yearly loss – TC per (%)	Yearly loss – TC per trade (%)
15 stocks	$30,000	2.80	7.94	2.21
	100,000	2.71	2.51	0.65
	300,000	2.69	1.28	0.22
	1,000,000	2.68	1.01	0.07
	3,000,000	2.68	0.98	0.02
	10,000,000	2.68	0.97	0.01
30 stocks	30,000	2.02	21.18	5.11
	100,000	1.74	5.15	1.44
	300,000	1.68	1.95	0.47
	1,000,000	1.67	1.08	0.14
	3,000,000	1.67	0.95	0.05
	10,000,000	1.67	0.94	0.02
45 stocks	30,000	2.03	30.00	8.79
	100,000	1.52	8.53	2.37
	300,000	1.42	2.85	0.77
	1,000,000	1.40	1.21	0.23
	3,000,000	1.39	0.91	0.08
	10,000,000	1.39	0.87	0.02
60 stocks	30,000	2.31	45.00	14.11
	100,000	1.51	13.37	3.52
	300,000	1.34	4.03	1.13
	1,000,000	1.30	1.49	0.33
	3,000,000	1.29	0.95	0.11
	10,000,000	1.29	0.86	0.03

	Amount	Yearly loss – TC per share (%)	Yearly loss – TC per (%)	Yearly loss – TC per trade (%)
15 stocks	$30,000	2.80	7.94	2.21
	100,000	2.71	2.51	0.65
	300,000	2.69	1.28	0.22
	1,000,000	2.68	1.01	0.07
	3,000,000	2.68	0.98	0.02
	10,000,000	2.68	0.97	0.01
30 stocks	30,000	2.02	21.18	5.11
	100,000	1.74	5.15	1.44
	300,000	1.68	1.95	0.47
	1,000,000	1.67	1.08	0.14
	3,000,000	1.67	0.95	0.05
	10,000,000	1.67	0.94	0.02
45 stocks	30,000	2.03	30.00	8.79
	100,000	1.52	8.53	2.37
	300,000	1.42	2.85	0.77
	1,000,000	1.40	1.21	0.23
	3,000,000	1.39	0.91	0.08
	10,000,000	1.39	0.87	0.02
60 stocks	30,000	2.31	45.00	14.11
	100,000	1.51	13.37	3.52
	300,000	1.34	4.03	1.13
	1,000,000	1.30	1.49	0.33
	3,000,000	1.29	0.95	0.11
	10,000,000	1.29	0.86	0.03

Source: The authors’ elaboration

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