Well speaking of wives, contrary to you I did not marry into money because I could otherwise not cut it. And looking at your son you enjoy showing off, I am also not quite sure about the DNA she imparted in him. But then I have not seen you, thankfully.
Advice on how to make 5%/month on $1 million
- Thread starter blaze1635
- Start date
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ALMOST ALWAYS;
except SPY/ NEVER has gone to zero.
ALMOST as bad but not quite\I remember when spy hit another new HI about $150or so+ then went into a huge drawDoWn for many years/not to be confused as a loss\ unless you jumped off that roller coaster/LOL
,
.BUT that's a battle tested investing plan+
works much better adding money every month for 40 or 80 years. I dont plan on living/adding 80 more years, so depends on your plan or my plan...................................................
Have you taught your skank how to walk on her hind legs? That's an accomplishment. You must be very proud!
Sure, Bro. My kid is modeling and you keep your "wife" thing chained in the attic.
It would take training, University of Nigeria best place to start.
The history proves otherwise. Hold On For Dear Life (HODL) is the new Buy And Hold. I am not talking trading here, but passive investing. Again, only works if you don’t over leverage and stick with quality.
When you've got a multi-year lock on your LPs you can certainly afford to underperform for a quarter, that's one of the main reasons for having lock-ups. That aside, I was saying that no-one has consistent 5% monthly returns; I think we agree here given that you're talking about retail investors having a greater ability to absorb a loss which would imply a month where you not only didn't get 5% returns but ended up with negative returns.
As a "retail" DAY-TRADER of futures...
If I couldn't make 5%/mth consistently, I would need to get a non-trading full-time job, or two, maybe 3!
5% a month is low. 5% a week would be reasonable with a monthly fixed size trading account. Occasional loss days happen, and even an occasional loss week. Outsized profitable days and weeks also occur!
In my thinking, consistency does not mean 100%... Maybe consistency needs to be defined. Does eight loss weeks out of the year need to be a consecutive 8 weeks? What if there are 2 months out of the year, say January and August that are loss months? Of course, paid time off/vacation, when no trading occurs wouldn't be considered I assume.
You saying no-one has consistent 5% monthly returns is just your belief. There are many good (consistently)profitable home-based traders with resources that just don't participate with these types of forums and/or discussions. So naturally, when they do, they are met with skepticism. It's OK:Trading is a lonely activity.
You are talking of day traders. The reason they are able to achieve such high returns is they are risking such a huge portion of their capital like say, 80%. Take note of the statistic that 95% of traders lose monies. That means only 5% of traders make any serious monies. If you were to risk say, a good chunk of $1,000,000, say $500,000 on one trade to get huge returns, you stand a good chance of blowing up your account and losing most of your monies. You are now gambling without regard to any risk management. Now, you can get lucky and think you are a stock trading genius. Until, the next trade, you lose most of your monies. No matter how good the setup, there is no guarantee that the trade will work out. I have had days where I lost 5 trades all at once. Of course, since, I only risk 2% per trade and no more than 5 positions, I cannot lose more than 10% on a worst case scenario. If I cut my losses, I will not even lose 2% per trade or the full 10%. Those huge returns come at a huge price since, you are merely, gambling. "Your math does not add up and you will learn the hard way."