% ppl who earn >$1 million cumulative from trading over a lifetime?

Now I know why I stopped following ET. Every thread devolves into stupidity. My only affinity for this site is I met a very good friend on here 15 years ago.

As to this thread, why not ask , "how many of the posters made $1 mill trading in a year?"
"How many in a month?"
How many still have it?
Other than me the ones I know who have done these things and used to follow ET haven't looked at the site in 10 years or more.
All my strategies petered out and I had enough money to retire nearly a decade ago, as I had no interest in spending millions for automation and programming, not to mention no need to take the risk of trading any longer.
The game only gets tougher and the strategies I read looking through the posts here are not going to get anyone wealthy other than by luck.
OK, now it's time to take my cloned dogs to the park.

If it's any consolation I'm sure there are people posting on ET who are young, smart, and capable...and will be successful traders. I just don't see anything in scanning the boards that indicates an understanding of what it takes.
 
thats great guess you moved a lot. anything is better than being an uneducated man. doesn't matter how you work or what you do. But when your child asks and you you can't spell or add, sure you'd wish you something behind you. Forest, is that you?
 
pinetboltz said:
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what % do you think ultimately makes >$1 million from trading, over a lifetime?

It'd be very interesting to see the statistical distribution of total profit/loss across individuals' personal accounts on a cumulative basis.
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Suppose we trade from 30 to 80 (for 50 years) and suppose we have initial cash of 100K (or 500K)
 
dozu888 said:
it's straight forward. person A puts 100k in SPY for 40 years while sustain himself on job with high school diploma; person B spends the 100k on college... the math is simple.
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Hindsight is simple, the math is simple ...looking forward and staying put not so simple. :D

I agree, on avg or way above avg a college degree is a waste of money and opportunity cost.
 
dozu888 said:
how many people you know have independent thinking skills. the math is so simple, yet few can figure this out.

the system is set up to put slaves thru... you see all the cars on the turnpike at 8am going to work? how is that different from slaves going to a coal mine in shackles and chains?
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Same arguments back and forth about whether to take Social Security early or to take a lump sum retirement vs monthly pension... Human nature: Most of those who took SS early never invested the money to get superior/better returns for their later year benefits.
 
ironchef said:
Same arguments back and forth about whether to take Social Security early or to take a lump sum retirement vs monthly pension... Human nature: Most of those who took SS early never invested the money to get superior/better returns for their later year benefits.
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true.

very few have the discipline... hence getting chained and shackled to 9-5 may just be the best option.... the school system is set up this way also - kids must attend school, no matter how boring it is.
 
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