am I a successful trader or a loser?

Quote from mde2004:

Yo, going broke or rich is not part of trading. There is a middleground.
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For some. Just not for me. On my death bed I would rather have been busted out of trading long ago as a forgotten dream than say "I eeked out a living". IMO, there are better ways to just make a living. On my death bed I want to be able to say " I beat the odds big time and it enabled me and my family to enjoy a higher standard of living than most".

Good trading to you.
 
Maybe you can call this former Timothy Sykes Fund investor, and give him some advice since Timothy is too busy to call him and explain where all his money went.

11.12.homeless.SU.jpg
 
Quote from SiSePuede!:

What country are you in out of curiosity?

Growing from $70k to $500k is feasible...but that's not easy. In my opinion you can only do that a few ways; invest in micro caps; trade with amazing precision and decent size; and buy far out of the money options in a stock that gets bought out at some ridiculous premium.

Although there are a few more ways to make such returns, everything depends on your ability to take on risk. How much are you willing to risk, what's your tolerance, and how sure are you that a riskier strategy is likely to return good results over the long term?

There are certainly "out of the norm" ways to invest and make a good return. I make a return that I think is excellent solely investing in small caps. I'm a bad trader and have proven so to myself a few times and in the end, for me, it's a lot easier to find a good company and invest in it with a 1-3 year outlook aiming for 300-500% gains.

Cheers bro, good luck. :D
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I'm in Hungary.

Thanks

BreakDown
 
Quote from mde2004:

Sorry but you need to take on more risk. Your accont has ony grown by 6k in 10 months man.
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Yes, I think I have to agree with you. But I'm not sure, what would be the sufficient risk level.

Ok, I know It is my business.

BreakDown
 
Maybe you can call this former Timothy Sykes Fund investor, and give him some advice since Timothy is too busy to call him and explain where all his money went.




I see GOD in his eyes.
 
hey if you can consistently return 20%+ year after year, you're already exceeding the overwhelming majority of traders and professional mutual fund managers.
 
Quote from SiSePuede!:

I'm taking it easy. I'm just amazed that so many dumb people can congregate and no one else ever really seems amazed that a majority of people on this site probably don't know the different between "your" and "you're." That's like an answer to the question "just how dumb are people becoming?"


:p :D
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Probably a dumb question, but have you ever made the reflection that maybe posters might be from abroad the US (yes, there is still live abroad the US, even intelligent live)? Which means that their native language might not be English?
So these people are classified as dumb and unable to trade successfully?

I speak, read and write 4 languages ( English, French, German and Dutch) but make small mistakes in each of these languages. Are you smarter if your English is better, but you don’t know any other language?
Studies have proven that even very intelligent people make mistakes, not because they are stupid, but out of negligence. Studies have also proven that, even if you omit complete words in sentences, or write them completely wrong, most people are still able to understand what you mean. That’s because we don’t read word by word, we don’t need to as we are smart enough to get the message.

None of the teachers, who taught me to write correctly, has ever made money in trading. There is no correlation between mastering a language and mastering trading.

But I’m not sure if my opinion is correct, because I sometimes make errors against the English language, which means according to you, that I probably am dumb.
 
Quote from BreakDown:

Yes, I think I have to agree with you. But I'm not sure, what would be the sufficient risk level.

Ok, I know It is my business.

BreakDown
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I think you could probably raise your maximum risk per trade to 2%.

Where do I get 2% from?

I know lots of traders who use that level. Also, I note that the turtles, one of the most successful groups of traders, under Richard Dennis, placed their stops on the basis of position risk and no trade could incur more than 2% risk.
 
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