Need 900% in 3 years- what would you do?
- Thread starter wekilishorts147
- Start date
Unfortunately the markets doesn't operate as a money printing machine. You can't easily turn some knobs and crank up the volume of returns. Losses are part of the business, and ignoring them is why you lost your account. If those 10% mean anything to you, your best course of action is to hold onto them while you figure out an edge or get a salary. Trying to "make it back" is actually the worst thing you can do, which can lead to even more bad decisions down the road.
When you lost -50% (half), you need +100% (double) to make it back. This just gets harder on lower capital base. It's a tough pill to swallow, but if you can do that and somehow keep and later grow your money, you're on the right path again. It's just a bad idea to attempt flying when you're not even able to crawl forward yet..
When you lost -50% (half), you need +100% (double) to make it back. This just gets harder on lower capital base. It's a tough pill to swallow, but if you can do that and somehow keep and later grow your money, you're on the right path again. It's just a bad idea to attempt flying when you're not even able to crawl forward yet..
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Please let me know who they are so I can contact them.
The universe doesn't owe you anything and certainly doesn't care. The only way to skew slow and steady, which the markets are structured for, is to use shorter timeframes. At 1-2% per day compounded monthly you're looking at trading second charts for high probability setups, near HFT.
Obviously you can drop to low probability on hourly but you would never get anywhere near the target, the word futile comes to mind. With very low time frames you need pre-setup algos which don't exist outside of institutional. But do admire your spirit.
900% in three years puts you at about average return for ET'ers.
Step it up piker
Step it up piker
I am interested in the long version of the story. You indicated that your friends/acquaintances lost even greater percentages. Is this some kind of investment club?
Marry somebody old and rich, get him/her to put you in his/her will as the sole heir to his/her fortune and then kill him/her off to have him/her die of natural causes. There you go!
Good luck!
Were not trying to kick a dog when it is down, well maybe a little bit (hehe) - some of us have been there & done that. That 10% may look like a fortune down the road if you were to lose it.
Seasoned traders with good track records size down & get more selective on entries when they are losing, they keep on sizing down until the hit a stride again. This is a time proven recipe for enduring draw-downs. My massive draw-down/blow up took me about 9 years to dig out from, that lesson turned out to be very valuable lesson shaping me into a much better trader. Pain is when you can learn the most. Maybe think about a long term sustainable way to make your come back instead of some hail marry.
Seasoned traders with good track records size down & get more selective on entries when they are losing, they keep on sizing down until the hit a stride again. This is a time proven recipe for enduring draw-downs. My massive draw-down/blow up took me about 9 years to dig out from, that lesson turned out to be very valuable lesson shaping me into a much better trader. Pain is when you can learn the most. Maybe think about a long term sustainable way to make your come back instead of some hail marry.
It is not a shame to be down 90%. Many great traders experienced those kinds of losses.
What matters is how you recover. The market owes you nothing. If it takes 10 years to recover, so be it. The most important thing is to understand the mistakes and not repeat them. If you learn from your mistakes and master the game, profitas will come.
What matters is how you recover. The market owes you nothing. If it takes 10 years to recover, so be it. The most important thing is to understand the mistakes and not repeat them. If you learn from your mistakes and master the game, profitas will come.
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