It's been 3 years and I'm back!

[i960]

Even with $250k batting at 0.5R, 2 trades per week only nets you $2500 per week on average if you risk 1% per trade, ok it's more than the average worker makes but that's a fairly low professional salary.

LK, to be fair, that "only" is like 50% return on capital over the year. Who wouldn't be happy with that? Anyway, I think your point was on traders being undercapitalized and prone to volatility drag. That I agree with - and I think that traders who don't believe in it are fooling themselves.

 

[MarketAddict]

Sure, you may not "work a 9-5" but instead of having a human boss at some job you're now a slave to the market. The problem here is you're not qualifying the real world costs of being chained to a computer every day trading away. There is a huge life benefit to trading on higher timeframes or trading *less*.

We are all slaves.. Even if you trade on the higher time frames you are still a slave.. I rather be a happy slave then an unhappy slave working a 9-5. BTW, I finish my trading at 12 pm eastern everyday.. I have all day to play..

 

[themickey]

Sure, you may not "work a 9-5" but instead of having a human boss at some job you're now a slave to the market. The problem here is you're not qualifying the real world costs of being chained to a computer every day trading away. There is a huge life benefit to trading on higher timeframes or trading *less*.

Trading is like driving a vehicle, it requires constant attention. The shorter your trading time frame the more you are chained to the wheel. Unfortunately in life we encounter numerous distractions and these pose huge risks.