How Much does a Penny Doubled Every day for Month End up Being?

If you took a penny on the first day of the month and doubled it every day for that month (all 30 days), how much would you end up at the end of the month? One cent, two cents, four cents, 8 cents…. you end up with $5,368, 709.12 at the end of day thirty. Surprised? This is the power of compounding money over and over for staggering returns. This also shows how much money some traders on social media would quickly have if they were as good as they pretend to be. This also explains this quote from Jesse Livermore:
If a man didn’t make mistakes, he‘d own the world in a month. But if hedidn’t profit by his mistakes, he wouldn’t own a blessed thing.” ~ Jesse Livermore 

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