Regarding "Few get a consistent 20%/year."

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It's interesting that my experience has been exactly the same as James Altucher when it comes to the reality of day trading. Yet, everyone on this board is a winner with greater than 20% annual returns. Weird, huh?
 
i am nobody said:
I don't want to give info about myself, but believe me or not but I make much more. But I am not interested to tell I HAVE MILLIONS!!!! like some others do here. My ego does not need this.
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Is that why you post here?? Super funny and a deep well of fodder for the psychologists among us. LOL!
 
bln said:
Well, if one make a position trade that will run for 3-6 months you may scale into the trade over serval days. Large liquid index ETF's like SPY, QQQ and IWM can swallow a couple of millions per session easily.

At that level of capital I guess one runs strategies like a Long-Short equity book with equal balance over 20+20 equities or a global macro portfolio.

At hedge funds it is not uncommon that the round-trip for a single trade is over 1 year in duration.
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Absolutely. And if one can achieve 20%+ consistently(highly important) with such a strategy then that's amazing, longer term trading with a very high Sharpe seems elusive to me but I'm sure there are some that are doing it. However, on ET I'd say majority trade shorter time-frames as starting with $25-100k while doing trades lasting 3-6 months is not the most popular route.
 
Jakobsberg said:
"...Have to say though the language you use is rather unusual for the people I know with money and makes me suspicious.
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What language is that? (Oh, you mean when I get pissed when some jealous fool calls me out?)

The US Investing Championship info is a matter of public record.

And then there is the matter of MoniResearch Newsletter. They tracked and audited about 225 programs like mine... awarding a star for "1st place in category for period". Over 5 years, I got more stars than everybody else put together. That's a matter of record, too.
 
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Jakobsberg said:
"... Not really. You had the advantage of being able to use timing. The mutual fund itself had to stay invested for the whole period so you likely outperformed it.
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I wasn't comparing results to any particular mutual fund. Like I said, trading MFs is virtually the same as trading ETFs except for the diff between real-time and EOD fills.
 
dbphoenix said:
Nice. Do you know the people who live there? :)
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LMFAO. Scat had a real edge with mutual fund timing-- guys made millions with that edge back in the day. He posts evidence of his success and you scoff at him--- Totally moronic on your part--- jealousy of real success must suck, not go back to your art studio and start annotating your free charts! LOL!
 
Scataphagos said:
What language is that? (Oh, you mean when I get pissed when some jealous fool calls me out?)

The US Investing Championship info is a matter of public record.

And then there is the matter of MoniResearch Newsletter. They tracked and audited about 225 programs like mine... awarding a star for "1st place in category for period". Over 5 years, I got more stars than everybody else put together. That's a matter of record, too.
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Good for you but I'm not sure why you seemed so keen to tell me about your achievements. I have no idea who you are. If its matter of public record PM me your name?

Maybe someone else got you wound up but most of the rich people I know tend to be more humble and don't need to sing their own praises, especially not on internet forums.
 
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Scataphagos said:
What language is that? (Oh, you mean when I get pissed when some jealous fool calls me out?)

The US Investing Championship info is a matter of public record.

And then there is the matter of MoniResearch Newsletter. They tracked and audited about 225 programs like mine... awarding a star for "1st place in category for period". Over 5 years, I got more stars than everybody else put together. That's a matter of record, too.
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I wonder if Kroger's takes stars . . .
 
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