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Fully agree. Making predictions and making money are two completely different things.

I cannot agree with most of the above posters. I do go for the homerun. It depends of course what trading style you have. I'm not a daytrader but an intermediate/longer term trendtrader. This implicates that a lot of the time your account deflates little by little and then all of a sudden you...

You're probably not a trader yourself to think that such results are impossible in this market.

As far as I know Marc Faber manages a fund of a couple of hundreds of million dollars. I don't know his track record though. I always like to hear him. I think he is one of the more interesting commentators on the markets and the economy. Not that it has anything to do with my trading, for...

Well, for example this year I had no idea a subprime crisis was going to develop. Nevertheless, this year so far is one of my best ever, just by following the trends in various markets. Thanks to the subprime crisis.

Fortunately, it's not necessary to know what is going to happen in order to make a lot of money in the markets.

More is possible but it is good for nothing.

Did you read this book? In it he says: "Jumping on the bandwagon-especially one this big- has never been my style." "we may even see a dramatic correction, we need to prepare ourselves for long-term opportunities, of which there will be many."

I started trading in 1986. So I was very green when the 1987 crash happened. My whole trading capital then was invested in call spreads on various stocks I remember. And of course I lost it all.

Sorry Cutten. I am not sure you write this on purpose. I assume you mean to say those people you mention are more like trader A.

Thank you for giving your view. I (of course) am more like trader A in my example. I think the real lasting money in this industry is made when you are in the big trends. The drawdowns in example A don't occur because of too much risk. I for myself never risk more than half a percent of total...

The results of trader A are indicative of a sound (trendfollowing) trading programm. The results of trader B are indicative of some "magic" or a "100% sure strategy". The end result is always the same. If you don't want to have any risks the end is often a catastrophe.

If you want predictable, steady returns, the end is always a blow-up. Read: Fooled by Randomness (Taleb) Trader A: year 1: 35% year 2: -15% year 3: 75% year 4: 104% year 5: -20% year 6: -5% year 7: 15% year 8: 28% Trader B: year 1: 21% year 2: 20% year 3: 18% year 4: 23%...

Even a good trading system has drawdowns that most traders can't cope with. Moreover applying a system is really boring stuff which makes you quit also. Ed Seykota sometime said: the only disavantage of a good tradingsystem is that you stop using it.

When you are a discretionary trader, I think it is better to focus on 1 or 2 markets. But when you are a systematic trendfollowing trader it is better to trade many markets and also to use more than one system. It increases your chance of catching a trend.

August was the only losing month so far this year: -4.93% I use several brokers and keep money in government bonds as well and I take that equity also into account when I calculate my return. I have no intention of posting broker statements and I don't expect anybody to do so. This is my...

Oh my , a Cessna. Sorry German, I didn't say anything at all. I misinterpreted you for sure! :)

I know it is difficult to stay nice when someone disrupts your fantasyworld.

Thanks for your good wishes Osorico. Maybe I'm an "old dog" trader. I trade for my own account since 1986. I considered myself a rather aggressive trader as well. With little money you have to be. The first 14 years of my trading history I had some huge run-ups but lost it all several times...

In 99.9% of the cases people will go broke in that way.