Crazy paper trading day

farmerjohn1324 said:
That's also not the point of the forum.

It's supposedly about trading strategies, but I think it's more about losers trying to insult people because they don't have the answers.
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Yeah, ok. But besides saying you buy momentum you haven't stated any strategy. Let's face it a naive momentum strategy isn't especially sophisticated. And so... the conversation degrades into he said she said is an idiot.

I think you should consider coming back when you have something useful or interesting to say. Otherwise keep doing construction; there's no shame in that.
 
destriero said:
Dude, act as if you're not a day one newb. A thread about killing it on sim?
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The link you put in your last post was real money. Between August 2022 until when I took my money out of Schwab (I think early December if I remember correctly), I profited $24k on a $69k account. This includes one huge loss of $31k when I thought prices would continue to go down in early October but I eventually had to admit I guessed wrong.

The reason I'm back to SIM trading is because I think I need to improve/refine my strategies if I'm ever going to make this a full-time (primary occupation) thing.

I wouldn't mind spending the next 6 months SIM trading, backtesting, etc. if that's what it takes to get things right.
 
farmerjohn1324 said:
Yea the point of the forum is trading strategies. It's not called EliteRealEstateDevelopment.

Whether the money I might use to trade came from home building, winning the lottery, owning a convenience store makes no difference to what SHOULD be talked about on here.
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I agree if you agree the same can be said about making unsubstantiated anonymous claims about being a millionaire, right?
 
SunTrader said:
I agree if you agree the same can be said about making unsubstantiated claims about being a millionaire, right?
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Ok then forget I said I was a millionaire.

Btw, I didn't come out and say that out of nowhere. I replied when someone said I'll never be one lol.

It's not hard to not lose money on a home build. I have a very good idea of the construction costs and sales price before I even buy the land and get started.
 
destriero said:
A thread about killing it on sim?
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Yeah! Using a momentum strategy on days when the market is rallying. AAHHAHH... do you think I can make it big time Des? Should I leave my multi-million dollar construction business that I built to trade all day or just buy a decent mutual fund and golf instead? Decisions, decisions.
 
spy said:
Yeah! Using a momentum strategy on days when the market is rallying. AAHHAHH... do you think I can make it big time Des? Should I leave my multi-million dollar construction business that I built to trade all day or just buy a decent mutual fund and golf all day? Decisions, decisions.
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I never claimed to make >$1 million per year. I claimed my net worth (primary residence included) is over $1 million.

(I know people say to not include your primary residence, but why? It can easily be sold or converted into cash through a HELOC so that makes no sense. Plus, I built it as an investment to eventually sell anyway.)
 
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