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25 Years & $100 Million Profits... A to your Q's, Today Only
- Thread starter gnome
- Start date
Quote from caementarius:
Serious quesiton: Do you have a need for an intern this summer?
I have a strong background as a programmer and I'm studying finance in an MBA program (hence the internship search). Importantly, I work hard and follow directions!
Thanks, but I'm just trading family money now.
Hi, I was a daytrader for 4 yrs give or take and realized I may be better off swing trading while working a regular job. I have developed a swing trading methodology which looks very promising and plan to use when I have more capital and time as I'm in grad school now. It basically can trade anything in a strong long term trend.
I'm looking at the money management aspect of it now ....... from what I've read you are in all at once for your positions? Do you ever scale in/out? Why or why not?
Finally what are your thoughts on adding to winners? I'm thinking I can add positions after so much positive equity on a trade and can hold part of a trade for a "home run" which does come w/ trading only instruments in a strong trend.
Any misc advice you can give me before I start swing trading or any other pearls of wisdom you can bestow upon me is greatly appreciated thanks.
I'm looking at the money management aspect of it now ....... from what I've read you are in all at once for your positions? Do you ever scale in/out? Why or why not?
Finally what are your thoughts on adding to winners? I'm thinking I can add positions after so much positive equity on a trade and can hold part of a trade for a "home run" which does come w/ trading only instruments in a strong trend.
Any misc advice you can give me before I start swing trading or any other pearls of wisdom you can bestow upon me is greatly appreciated thanks.
Quote from gnome:
The picture? Wife picked those curtains out. We live in a $400-$600/sq ft part of town.. in a house built in the 1930's... adequate for now.
You don't have to defent yourself to me. I'll take you at your word. I was responding to another post.
My point is that you don't have to live a flashy lifestyle if you have large amounts of wealth, which is what the poster was alluding to.
Quote from scriabinop23:
oh then. how many years did you trade near peak account size and what was the amount under management most of the yrs that generated your bulk profit ?
I imagine your account is now much smaller since you aren't trading opm anymore ?? and if thats the case, is recent profitability just as good?
Ironic how that worked out... as I gained nortariety from winning parts of the U.S Investing Championships in '94, my assets under management quickly grew to about $60 Million... but the mutual fund managers were soon to be kicking all but the smallest of us guys OUT. (So, if you're lousy and small, you were welcome to stay?)
My profitability has always been streaky... when "I've read it right", I've done great. When not, struggled around flat. I've had 4 years of +100% return on capital, several years of 5-10%... others between. I'd love to be "consistent", but haven't been able to get there... I accepted that.