I feel like fundamental analysis is completely useless

[taowave]

Just out of curiosity,did you mean Amatuers LICKING the pros ass,or Kicking the pros ass?? Subtle distinction..

This is why I think beating the index is a good measure of a traders success.

Look at all the posters who claim to make way in excess. Amateurs licking the Pro's ass. Or maybe the Pro's have to be audited.

 

[deaddog]

Just out of curiosity,did you mean Amatuers LICKING the pros ass,or Kicking the pros ass?? Subtle distinction..

LOL!! Typo for sure. It was supposed to be Kicking. Not so subtle really, I'm sure I could tell the difference.

 

[RGLD]

Anyone who can make a living as a day trader has my respect.

You folks are different animals than us swingers, your techniques, mindsets, etc. I have much to learn.

I have a day job unfortunately.

 

[vanzandt]

Impressive, I have much respect for anyone that can make their own music from drums and not sound repetitive. KJ sawka is one worth seeing, here is a gem I found not too long ago.

hmmmm....
drums are drums.

 

[savoir]

This is why I think beating the index is a good measure of a traders success.

Look at all the posters who claim to make way in excess. Amateurs licking the Pro's ass. Or maybe the Pro's have to be audited.

The index is not a standard of any relevance to trading. I find it oddly amusing that this notion keeps getting repeated in various threads. (The Meditation thread is another example.)

The "pros" in the financial industry who manage large pools of capital for fees have an incentive to use the index as a performance standard for marketing purposes. They are in competition with each other. Amateurs trading their own capital are not.

The relevant performance standard for a trader is the proportion of the market's offer he is able to take. This is always less than 1. In terms of the standard used by the "pros" this is an ass-kicking percentage. But it is the proverbial apples and oranges comparison.

The 1% to 2% per month that is bandied about as a benchmark for trading success means either the trader is keeping most of his trading capital idle or he is barely proficient and is one poor month away from having a losing quarter or year. It is evident that most people in the internet age have never seen or been around real traders.

 

[Tradex]

The 1% to 2% per month that is bandied about as a benchmark for trading success means either the trader is keeping most of his trading capital idle or he is barely proficient and is one poor month away from having a losing quarter or year.

Right...

For your info 2% a month represents 27% a year on a compound basis.

That's TRIPLE the average yearly return of the S&P 500, pal, and not even freaking Buffet can get that kind of performance!

But perhaps you are an exceptional trader and you earn more than that consistently, year after year, yes?

 

[themickey]

......The 1% to 2% per month that is bandied about as a benchmark for trading success means either the trader is keeping most of his trading capital idle or he is barely proficient and is one poor month away from having a losing quarter or year. It is evident that most people in the internet age have never seen or been around real traders.

I suppose if you were a big swinging dick and frequented Wall Street often you may be rubbing shoulders with real traders, but where I live, it's kangaroos.
Ever seen one of them where you live?

 

[RGLD]

Right...

For your info 2% a month represents 27% a year on a compound basis.

That's TRIPLE the average yearly return of the S&P 500, pal, and not even freaking Buffet can get that kind of performance!

But perhaps you are an exceptional trader and you earn more than that consistently, year after year, yes?

No wonder you have the respect of the Chef!

I suppose if you were a big swinging dick and frequented Wall Street often you may be rubbing shoulders with real traders, but where I live, it's kangaroos.
Ever seen one of them where you live?

We have a zoo.

 

[savoir]

Right...

For your info 2% a month represents 27% a year on a compound basis.

That's TRIPLE the average yearly return of the S&P 500, pal, and not even freaking Buffet can get that kind of performance!

But perhaps you are an exceptional trader and you earn more than that consistently, year after year, yes?

You demonstrate repeatedly that there is something the matter with your brain. Let me instruct you how to train your mind: Reading comprehension first; asking questions second.

 

[themickey]

......We have a zoo.

Aaahhh, yes, forgot. ET.