50% smaller returns missing the top 10 best days in the market from 1999-2019

[virtusa]

Roughly 50,000 listed companies in the world. I count several did what Amazon did ( let's just say Apple, Google and Microsoft ). So that's at least 4 out of 50,000. So only 99.992% of companies didn't. The number is probably lower but it's not higher. Saying it's "almost impossible" is stupid. There are moves like this every generation; the numbers may be bigger now but we have global markets now. Microsoft has been going strong since the 1980s. 99.9999999% is a ridiculous exaggeration. But this is what permabears do, make ridiculous claims. There are a ton of companies out there that have made sustained, large moves over decades.

Your 99.992% is stupid. If something is only achievable by 0.008% it is rather almost impossible than almost possible.
What Amazon did is not what you wrote: "There are a ton of companies out there that have made sustained, large moves over decades."
It is not about sustained, large moves over decades. It is about doing what Amazon did. If you don't see the difference you are blind (or stupid).

https://companiesmarketcap.com/
Only three companies could ever beat Amazon. So 49,997 did not. On top of that there are much more than 50,000 companies. Why are only listed companies considered?
That's a clear confirmation of "almost impossible to achieve".

 

[virtusa]

Interesting article about how if you missed the top 10 best days in the market from 1999-2019, your return was cut in half. If you missed the top 20 best days, you actually lost money. https://www.fool.com/investing/2019/04/11/what-happens-when-you-miss-the-best-days-in-the-st.aspx

There are probably similar conclusions with day trading.

I daytrade and I see days where my daily return is higher than the daily return of the whole day (close-open I suppose as that is not clearly mentioned).
So the situation for a daytrade is different. If you have a few trades a day you can beat the return of a simple end of day - start of the day. To make the statement for daytrade is impossible as it is different for each daytrader; depends on the system they trade.

 

[comagnum]

If you missed the worst days you made 10 million (That would be days you were out of the market)
Buy and Hold made 5 Million

Very good point. Over the long run the size of the losers has more impact on your performance then the size of your winners.

The mantra of many great traders "take care of your losses & the profits will take care of themselves".