Cornix's TA Performance

Quote from wrbtrader:

Always have a plan B and plan C.

Most famous athletes have a side business going while their still playing sports at the peak of their career (e.g. restaurants, clothing signature lines, entertainment business, charity foundations, venture startup projects and so on).

Thus, many do "transfer into the real economy".

Yet, on the flip side, its not uncommon to see traders viewing their trading as a plan B or plan C.
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Yes, absolutely. Trading is great, but it's not passive income, rather a profession, so plans B and C are a must if we're serious about our lives.
 
Thinking plan A, B, C or whatever is faulty thinking. Your financial life should be a unified whole not broken into separate plans. You need core income, then different strategies and finally funds to speculate with. Remember if you don't shoot for big wins, you will never get them. There's reason that even the most skilled traders like DB the Russian turn to money management. Surf
 
Quote from marketsurfer:

Thinking plan A, B, C or whatever is faulty thinking. Your financial life should be a unified whole not broken into separate plans. You need core income, then different strategies and finally funds to speculate with. Remember if you don't shoot for big wins, you will never get them. There's reason that even the most skilled traders like DB the Russian turn to money management. Surf
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Plans are supposed to be developed in parallel, to supplement each other, that's it. It's a common sense and responsible to have diversified sources of income.
 
Quote from cornix:

Plans are supposed to be developed in parallel, to supplement each other, that's it. It's a common sense and responsible to have diversified sources of income.
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Yes, that is ideal. However, many think of plans as plan a failed, now onto plan b, next c-- rather than running all of them at the same time in unison.
 
Quote from cornix:

Two trades today for a total of -4 handles.
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All of your losers were up nicely at one point during the hold. What are you using for exits?
 
Quote from Lord.Maushi:

You are a long way from 20%+ annual returns with current performance.
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This is a great exercise and I applaud Dr. C for keeping it real. There's a wide gulf between Internet claims from folks like Shad, Hershey and taspurt and market reality.
 
Quote from marketsurfer:

This is a great exercise and I applaud Dr. C for keeping it real. There's a wide gulf between Internet claims from folks like Shad, Hershey and taspurt and market reality.
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Problem is he was the one who said 20% annual returns were not hard to obtain and here we are....

:confused:
 
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