Age?

[MasterRaistlin]

Quote from Bitstream:

That sounds interesting: did you double by increasing your size or by getting into more or better trades?

And what do you trade, stocks?

I trade stocks...Nasdaq.

I attribute my current level gain to changing my strategy (I probably would have done better than double in July and August but I couldn't seem to find a strat that worked for the stocks I trade), increasing my share size (with greater confidence in my strategy I increased to bigger size), getting into more trades, and the most important one, keeping my losses very tight.

Initially I let my losers run a bit thinking they might come back/afraid to admit I was wrong but then I realized that:

1) My losing trades VERY rarely came back
2) The trades I enter that end up being losers are very few in an average day.

So once I had those epiphanies and tightened up my losses I think my biggest losing day has been $20.

Thanks for everyone's input on the poll so far!

 

[areyoukidding?]

Quote from MasterRaistlin:

FYI I'm 23 and just started trading in June. I've doubled my net each month so far and am currently on par (or more) to continue that trend.

June - $200
July - $500
August - $1000
September (so far) - $800

Wow, start a hedge fund.

 

[reid5525]

Quote from MasterRaistlin:

Hello,

Thought it would be interesting to see the average age of people who frequent this board.

Thanks for your participation.

A couple years ago I saw a story on tv about NYSE. They showed this floor trader who was 90 years old. I bet he can run rings around the best of us on this board. He is a darn good dancer too, as he demonstrated when he danced on the NYSE floor with the woman interviewing him.
Age has nothing to do with trading.

 

[Equalizer]

Quote from reid5525:

A couple years ago I saw a story on tv about NYSE. They showed this floor trader who was 90 years old. I bet he can run rings around the best of us on this board. He is a darn good dancer too, as he demonstrated when he danced on the NYSE floor with the woman interviewing him.
Age has nothing to do with trading.

Was is it Monty Burns?
No no, Darvas?

 

[FuturesTrader71]

Quote from Bitstream:

The poll looks worring: nobody that started young seems to have made it past 34...and traders aged above 45 are very few, and they probably didn't start trading when 20yrs old

You are assuming that those in the 34 yr group have "made it".

 

[Bitstream]

Quote from FuturesTrader71:



You are assuming that those in the 34 yr group have "made it".

I'm little over 34....

 

[FuturesTrader71]

Quote from Equalizer:

Was is it Monty Burns?
No no, Darvas?

No..... it is the guy from the Six Flags commercials.

 

[reid5525]

Quote from Equalizer:

Was is it Monty Burns?
No no, Darvas?

Don't know the guy's name. But it was an eye opener for me. NYSE probably has several floor traders and specialists over 60 years old. They are the foundation and cornerstone, and they will be there so long as they make money.

 

[Chagi]

Quote from silk:

funny, just realized my username is from a book i read when I was 12 also. ha.

Eddings?

 

[Choad]

Awwwriiight! Us over-45ers RULE! (and drool)