Jem:
Sorry for the late response but this thread did not show up on the home page of this site so I didn't realize that there were replies this morning.
To answer your question - I can't say whether her trades were directly profitable for me. A quick look at my Quicken P&L shows that my over-all P&L For all securities/investments was positive at the end of last year. How much of that is directly related to the chat room is unknown - I never take trades blindly from any source. I did that once two years ago as an experiement (using another chat room as a sort of "system trading" and that was an unprofitable experience.) It's been a guideline for me - another piece of the puzzle but not the sole input.
As for her own P&L - you're a qualified investor (by your own statements) so you have the means to find out if you're willing to to do the leg work. I can't speak for her. My own opinion is this - I would be very surprised if she wasn't - It's almost impossible to start up a new fund (with outside monies) without at least a 2-3 year consistent track record of some kind.
Finally, to address your experience in the chat room, I can't speak to it. You got what you got out of it - there's nothing for me personally to refute. Some folks have positive experiences, some don't - it's the nature of the beast (I"m very very tempted to go into a long diatribe here about pros and cons of chat rooms, setting expectations, differences in trading style, costs of researching those, time invested etc....but I suspect that would be taken as being condescending which would not be my intention).
I hope I've addressed your questions - I've answered them to the best of my ability.
- eLindy
Sorry for the late response but this thread did not show up on the home page of this site so I didn't realize that there were replies this morning.
To answer your question - I can't say whether her trades were directly profitable for me. A quick look at my Quicken P&L shows that my over-all P&L For all securities/investments was positive at the end of last year. How much of that is directly related to the chat room is unknown - I never take trades blindly from any source. I did that once two years ago as an experiement (using another chat room as a sort of "system trading" and that was an unprofitable experience.) It's been a guideline for me - another piece of the puzzle but not the sole input.
As for her own P&L - you're a qualified investor (by your own statements) so you have the means to find out if you're willing to to do the leg work. I can't speak for her. My own opinion is this - I would be very surprised if she wasn't - It's almost impossible to start up a new fund (with outside monies) without at least a 2-3 year consistent track record of some kind.
Finally, to address your experience in the chat room, I can't speak to it. You got what you got out of it - there's nothing for me personally to refute. Some folks have positive experiences, some don't - it's the nature of the beast (I"m very very tempted to go into a long diatribe here about pros and cons of chat rooms, setting expectations, differences in trading style, costs of researching those, time invested etc....but I suspect that would be taken as being condescending which would not be my intention).
I hope I've addressed your questions - I've answered them to the best of my ability.
- eLindy
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