Correction: how may thousands of amateur retails would be doing this already?
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So, what am I missing ?
- Thread starter alaa_21eg
- Start date
%%It’s been really obvious (in hindsight) to buy and hold US equities for the past ten years - and yet, a multitude of highly educated “experts” managing (literally) trillions of dollars have not been able to duplicate or exceed these simplistic ‘buy and hold’ returns. In other words, at least half of the professional hedge fund managers out there couldn’t beat out an assembly line worker who invested 10% of his pay every two weeks into his 401K plan over the past ten years. Just buying an index. Hell, the past twenty years for that matter.
One of the most common ways to become a millionaire in markets; invest, invest Tax Free Roth, Back Door Roth , 401k...... And keep doing it. And as they say in Chicago; ''the smarter you are, the longer it takes'' LOL WE should repeat this maybe 7 times or more.LOL............................................................................
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nobody said it is easyif make money is that easy, how many thousands of robots would be doing this already?
but if you think it is good then do it
chasing trends
does not mean chasing.
see if there is trend,and get in for one more leg.
it is a judgemental thing and a matter of skill.
it is not easy since most traders lose money.
but that is probably because of lack of commitment or of being undercapitalized and expecting very high returns because statistics show that 95% of first time businesses, even on Main street, fail in the first year.
it is also true that most people get into trading to make a lot of money.
most professionals are happy if they beat the bank rate.
only those who get into trading because they like the way of life-not the promise of riches-will succeed.
trading is not difficult if you get the correct philosophy....buy low sell high.....but you should know the correct market conditions when to do this.
if you do not understand this simple basic fact you will find trading a living Hell
this is a conceptual thing and no book or course can teach this.
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do not get me wrong...…..
not many people know how to trade......including me.
but I figure difficult or easy it should be possible......
not many people know how to trade......including me.
but I figure difficult or easy it should be possible......
it can be confusing.
experts say plan your trade.
but they also say how far the market will go no one can say....so how do you plan for it?
so I figure, the only thing to do, is to figure it out for yourself.
experts say plan your trade.
but they also say how far the market will go no one can say....so how do you plan for it?
so I figure, the only thing to do, is to figure it out for yourself.
why bother to backtest it.Someone backtest
everything will work under certain conditions
you have to learn to manage it......you cannot predict the conditions...….
sorry for what may be seen by some as spamming.....but I am just trying to make a point
another 'easy' way is to see the swings......if one swing is longer than the previous then prepare to go in the direction of the longer swing.
so if a down swing is longer than the previous upswing wait for the up retracement and sell short.
so if a down swing is longer than the previous upswing wait for the up retracement and sell short.
Correction: how may thousands of amateur retails would be doing this already?
Thousands, but the largest number that is missing, reflects the ones who aren't making any money.