People like livermore use leverage. Buffet never did, and never blew up.
Here's real verifiable proof 90% lose
- Thread starter Dissident
- Start date
People like livermore use leverage. Buffet never did, and never blew up.
Actually, it is way better than that. Let's do a little accounting. These are 5 pages showing out of 103. Let's assume the sample is representative of all accounts.
I went through the 1st page here, and after subtructing lots of dormant accounts or accounts probably traded only once, I counted 17 losers and 9 winners.
That is 2 to 1 losers:winners ratio, way better than the usually quoted 90% losers ratio....
2nd page: 8 winners, 38 losers...
3rd page : 7 winners, 34 losers
4th page: 15 winners, 30 losers
5th page: 6 winners, 36 losers
Summary: 45 winners, 151 losers, that is again, close to 1 to 2 winners : losers ratio, not so bad!!!
So I request the mods to change the title:
Conclusive proof that 1 out of 3 traders make money!
I knew I should have had my coffee before I do the summary. Slight correction, the number of losers is 155...
That is of course 1 to 3 winners:losers ratio, still way better than the usual quoted 90% losers... One out of 4 traders is profitable....
So the title should read:
Proof that about 25% of traders make money
Quote from Pekelo:
Summary: 45 winners, 155 losers, that is again, close to 1 to 2 winners : losers ratio, not so bad!!!
Conclusive proof that 1 out of 3 traders make money!
That is of course 1 to 3 winners:losers ratio, still way better than the usual quoted 90% losers... One out of 4 traders is profitable....
So the title should read:
Proof that about 25% of traders make money
Tuco Trading was convicted by the sec for running a unlicensed brokerage.
http://www.sec.gov/litigation/complaints/2008/comp20480.pdf
ALL of Tuco's accounts are UNREGULATED. Unregulated accounts activities are:
-money laundering,
-insider trading,
-market manipulation,
-account intrusions,
-information security,
-unregistered broker-dealer activity, and
-excessive leverage
There is a big differences between Unregulated accounts vs Regulated accounts.
Of course, unregulated accounts showed 25% makes money illegal. Because SEC banned Tuco Trading, the account statement on the first page is not LEGIT.
More than 90% of small traders lose. They just lose!!
http://www.sec.gov/litigation/complaints/2008/comp20480.pdf
ALL of Tuco's accounts are UNREGULATED. Unregulated accounts activities are:
-money laundering,
-insider trading,
-market manipulation,
-account intrusions,
-information security,
-unregistered broker-dealer activity, and
-excessive leverage
There is a big differences between Unregulated accounts vs Regulated accounts.
Of course, unregulated accounts showed 25% makes money illegal. Because SEC banned Tuco Trading, the account statement on the first page is not LEGIT.
More than 90% of small traders lose. They just lose!!
Read more of Jesse and Buffet here:
http://www.marketthoughts.com/jesse_livermore.html
This line speaks a lot; "Livermore also lost his entire fortune on more than one occasion, when he ignored his trading rules." (http://www.jesse-livermore.com/)
http://www.marketthoughts.com/jesse_livermore.html
This line speaks a lot; "Livermore also lost his entire fortune on more than one occasion, when he ignored his trading rules." (http://www.jesse-livermore.com/)
So, it does seem to show that greed gets the better of one's logic?
Higher education? Nah, that's not why...keep trying.