Is your lifestyle getting in the way of your success?

d08 said:
I like your thought process. I also was looking at cars back when I couldn't afford them, I looked at what I couldn't afford and aimed for that number. But when I could afford them, instead of buying one I started looking at houses. Like someone once said, it's about the ability, not the object.

You must have one giant account to rely on such returns. I wouldn't pay too much attention on declining returns, it usually is a poor sign of performance. You probably have bullish bias that's why the returns are declining, therefore you might have zero returns during bear markets - and that's not the worst thing.
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Thanks for the feedback. I'd be ecstatic if I can manage a 0% return in a bear market year and I'm working hard to make sure that is exactly what happens but who knows what will actually happen when it goes down. Hedges are never as linear as they appear to be so I'm always expecting the unexpected.
 
Unequivocaltim said:
Blah, blah, blah.
How's bout you sharing how it's done...much more appreciate that than this.

Na zdrowie,
Tim
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I'd be happy to share more specifics about my process. In fact, that's why I signed up here in the first place to help others especially since this board helped me early on when I knew very little about investing or trading. Take a look at my Journal thread "APBideas" which will give you a bit of a feel for what I'm about and then message me or reply to the thread and I'll answer as best I can.

I'll warn you though...the way I make money is so boring and takes a tremendous amount of patience. I invest mainly in index funds and reserve only 10% of my capital for special situations. My primary edge is coming up with awesome ways to save money and then using those savings to create extra return in the market. I wish that I had the chops like some here to go and trade ES futures with guns blazing but thats just not me and I'd only end up losing everything if I invested that way.
 
Hoorah...love participants.
Yes sir, you have much more patience than I. I have utmost fear of investing long term as I have grown older and have watched how government authorities have taken more and more of our freedom from us. This is done slowly, but gradually that it is hard to notice.
I, myself, will never invest long term even if a company has a no brainer...I do not trust.

Na zdrowie,
Tim
 
Apbideas said:
I'd be happy to share more specifics about my process. In fact, that's why I signed up here in the first place to help others especially since this board helped me early on when I knew very little about investing or trading. Take a look at my Journal thread "APBideas" which will give you a bit of a feel for what I'm about and then message me or reply to the thread and I'll answer as best I can.

I'll warn you though...the way I make money is so boring and takes a tremendous amount of patience. I invest mainly in index funds and reserve only 10% of my capital for special situations. My primary edge is coming up with awesome ways to save money and then using those savings to create extra return in the market. I wish that I had the chops like some here to go and trade ES futures with guns blazing but thats just not me and I'd only end up losing everything if I invested that way.
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What is the point of "sharing your experience" as a passive investor in index funds? Your edge is in saving monies? Then head over to retailmenot.com
 
destriero said:
What is the point of "sharing your experience" as a passive investor in index funds? Your edge is in saving monies? Then head over to retailmenot.com
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I just wanted to present an alternative perspective that challenges what trading and making money is supposed to be...that and being guilty of some more humblebrag.
 
As we know we want more and more luxurious life style trading can fulfill our dreams only when we do it as market wants from us. We cannot impose our will on market because it will not change we have to change our strategy to work her . Then we can meet all our targets.
 
i think you curse yourself when you humblebrag. i did it and it hurt me badly because my focus changed from trading to lambo's and houses. i was much more profitable in a rented duplex than in a office at the cme building. many big guys have gone thru this, most buy restaurants and bars then go broke.

so yes there is a direct correlation between lifestyle and keeping it. live big lose big. but if your lucky enough to have used your brain to make the money and it wasn't luck. you can always get disciplined and back in the game you go learning from your mistakes is what it's all about.
 
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