My job is holding me back

[countryBoy641]

I wouksnt call Buffet a swing trader...

Value investor yes,Swing trader No..

I'm on the Kulmagi bandwagon

Well, I think its a much better idea to call Buffett a "Swing trader", than somebody who has successfully trades multiple decades of Stockmarket, profitably.
The time frame is not that important.
It' s the capgain/caploss that counts.
And long term tax rate versus short term tax rate.
Nothing else.
Anybody who does not understand this should not be on this MB.

 

[Concinnity]

i think only market makers who receive bid/offer can do it: earn everyday. Goldman Sachs does it but they come in every morning knowing they will get 10-15mm in risk free commissions every day.

Further the firms that do do it (like Goldman, virtu, Susquehanna) require much more capital. I bet their returns on equity are closer to 20-30percent and ROIC is like .1percent.

Finally for these firms to be the consistent they have massive infrastructure.

Bottom line: I think you are grossly over estimating the consistency of your possible returns over many different market scenarios.

Sure will see, the only thing I disagree with is different market scenarios. It's not really that complicated to get context. If you just have a single strategy and trying to run it over and over without context, sure market changes you get wrecked. But if you don't understand context, what's the point you won't last anyways.

 

[Businessman]

No. Again that is compounding. Sheesh.

You need to look up the definition of exponential rather than just thinking you know what it means.
All consistent compounding is exponential. Even compounding 1% every year is still exponential growth.

 

[easymon1]

goal has always been to trade

The deed can be done either way Pac time. While working for the man or not. Break a Leg.

 

[Monobrowtrading]

Do you even trade? at all?

Since 89. You come on here offering bogus advice and when experienced traders call you out, you get butt-hurt. It happens consistently with you and LF.

 

[Businessman]

But doing it for at least 1 year consistently...he's got something
3 years? I'll be his student

The way the markets work that is not even a guarantee of anything. Old Victor Niderhoffer had some of the best returns in the business, year after year he would kill it. But he would blowup once every 10 years.

Van Tharp used to say he would sometimes get traders telling him they never had a losing day for 18 months, until recently when they lost everything in just one day.

 

[Darc]

Warren Buffett is NOT a Swing Trader. He'd take offence to that.

 

[countryBoy641]

I wouksnt call Buffet a swing trader...

Value investor yes,Swing trader No..

I'm on the Kulmagi bandwagon

What is the Kulmangi bandwagon?
I don't think I am on it, and probably don't want to ever be on it

 

[Concinnity]

Since 89. You come on here offering bogus advice and when experienced traders call you out, you get butt-hurt. It happens consistently with you and LF.

Market opened I am in a short and you're here still talking. Get real.

 

[Concinnity]

Since 89. You come on here offering bogus advice and when experienced traders call you out, you get butt-hurt. It happens consistently with you and LF.

I'll repeat, do you even trade at all? You can't even answer a simple question. You are a bad troll my man. Happy new year.