Recent content by Bennny

Anyone know anything about this guy/firm? algorithmictrading.net

Many have lost money trying developments, and failing. Buying and holding (in both RE and Stocks) is a safer bet for the general public.

A good point Handle - if returns are similar holding a portfolio of well performing businesses, why would you bother staring at a screen all day?

A very good point.

I've had a couple of people (via PM) suggest that investing in/with other traders might be an idea?

"Develop knowledge out of nothing" "Don't ask questions on a public forum dedicated to the subject matter" "Books won't teach you" "Find all answers yourself" So beginners should sit and paper trade, until they eventually develop the skill?

Ha! Who mentioned anything about snake oil salesmen?

Thanks for the reality check.... It seems the time may not be worth it - In 15 years, the development business will have grown to a point where I most definitely won't care about the trading income.

That's where I could struggle Lawrence - I don't like the art part. I like clear cut rules to follow, that stack the probability in my favour.

Definitely would never make a complete switch, I love doing developments. There's a tangible element that's not replicated in any other business. Completely different and new world! It's so incredibly bizarre, that with the correct clicks of a mouse, the elite traders make triple digit annual...

Thanks Lawrence. I honestly have no idea what to expect to receive. If you said, the top quartile of day traders is only making 10% pa, I'd say I'll stick to receiving lower rates on term deposits. Developing is also gambling, in some respects. Every time I acquire a site, I'm betting that the...

Well I'm sure as shit not going to risk a decent amount of equity when starting! $50k is a small amount that I feel comfortable with, learning the business. I do pay myself an income from the company - that's not the issue. The number one thing to being a successful developer is getting the...

$7m, it's my company with no partners. Unsure - would 20% pa be reasonable?

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Doing that at the moment, I have three projects underway (thirty townhouses all up). It's still lumpy cashflow. I don't :) Hence why I'm here.