31% Return Over Last 8 Trading Days

TM_Direct · May 9, 2003

Quote from rolegario:

I don't know for sure if it's just been dumb luck, but I've experienced a 31% return on my total account since last Monday.

I'm ecstatic, obviously, but is this normal for a good week? I still don't know what kind of returns people have been experiencing during "good" weeks.

I'm going long/short on individual stocks (from 1 to 5 positions per day), holding from close one day until close of the next day, and margining up to 30% max.

HEY! WELCOME BACK MR. MARKET!!! WHERE YOU BEEN?
BRING ME YOUR FINEST MEATS AND CHEESES AND THE HEAD OF ALICE ON A PLATTER!!!

IM HUGE!

TM_Direct · May 9, 2003

rolegario
Member

Registered: Apr 2003
Posts: 33

04-10-03 01:14 AM
Who's actually making a living trading? PLEASE BE HONEST
I'm sure this poll's probably been done before, but I wanted to find out how successful people really are trading.

Right now, because I don't want to drain my account, I'm just livin' on borrowed time (i.e., credit cards). But, if this don't work in a few months, I'll be back on the job market (I've noticed it's damn hard doin' both!).

=============================================

cool...now you can pay off your credit cards and quit the night shift at Wendy's!!!!!

Jordan · May 9, 2003

Quote from rolegario:

I'm ecstatic, obviously, but is this normal for a good week? I still don't know what kind of returns people have been experiencing during "good" weeks.

A "good week" for most of the 'traders' here, a term I use loosely, is one where they didn't lose money.

gms · May 9, 2003

Quote from rolegario:

I don't know for sure if it's just been dumb luck... is this normal for a good week? I still don't know what kind of returns people have been experiencing during "good" weeks.

If you don't know, then, chances are it is dumb luck. Can you imagine if you decided to try your hand at surgery 'cause you read a book written in 1919 about it and, not "knowing for sure" what to expect, all your patients in the first week of your practice did well? Couldn't attribute that to anything else but dumb luck.

hardrock375 · May 9, 2003

Quote from trader99:

Demo of powe rof compound interest is if one had $1 compounded since the time of Christ it would be over billions now.. even at 3% compounded annually...

Back out inflation...

stock777 · May 9, 2003

Quote from Jordan:

A "good week" for most of the 'traders' here, a term I use loosely, is one where they didn't lose money.

You must be confusing Elite with the Motely Fool board, or maybe those IRC chats.

We are the Champions. (apologies to Queen)

DHOHHI · May 9, 2003

Quote from Jordan:

A "good week" for most of the 'traders' here, a term I use loosely, is one where they didn't lose money.

Not true for me ... this is my livelihood!

Jordan · May 9, 2003

Quote from stock777:

You must be confusing Elite with the Motely Fool board, or maybe those IRC chats.

We are the Champions. (apologies to Queen)

Actually, "Fat-Bottomed Girls" is more like it.

wercurna · May 10, 2003

Quote from trader3:

This is a normal return and most traders on this board average 30 to 40% a week. Assuming you started with $1000 you should have somewhere around $1,257,494,424.58 at the end of the year. But that's before taxes.

An hour after i read this post i was still laughing.

Likwid Bynaree · May 10, 2003

Quote from wercurna:

An hour after i read this post i was still laughing.

i havent even started