most certainly is. between now and Dec 2012 there will be at least a -50% pullback in your present equity peak if not deeper. count on it. will return to visit this bookmarked journal then
Take the Index Piker Challenge
- Thread starter Index piker
- Start date
2012
Let me guess : you use a Mayan calendar eh?
My advice is don't hold your breath expecting me to panic.
Take a gander at my signature quote.
profit sharing 12.25
12/18 balance 844,847
12/25 end balance 875,830
weekly gain of 3.6%
1/1/09 $436,276
12/25 875,830
year to date gain 100.7%
Sure, there have been no changes since mid-may.
The common misconception that leveraged instruments are not suitable for holding long term is preposterous and my returns will prove it.
last week
12/25 balance 875,830
12/31 balance 888972
weekly gain 1.5%
1/1/09 $436,276
12/31/09 888,972
yearly gain 103.7%
Overall, I'd say that was a pretty damn good year.
Congrats on a decent year. Not setting the world on fire, but solid.
Now, if you're smart, you'll ask yourself to what you really owe this success. If you're not... well...
Now, if you're smart, you'll ask yourself to what you really owe this success. If you're not... well...
A) Not a problem, the reasons are:
1) I'm smart enough to not blithely believe every pundit and (supposed) expert's opinion as gospel. Seems to me sometimes the biggest horse's ass (esp in finance & politics) are the experts.
2) I understand my own risk tolerance and I have the courage to act when others do not. That of course is bolstered when it's determined the experts arguments are irrelevant to the situation.
3) I'm smart enough to have purposefully chosen a relatively recession proof profession.
(B) You've got to be kidding. I'm not trying to set the world on fire.
Long term average annual gains of 20% or more are possible and compare quite favorably to trading/ investing legends.
Warren buffet 44 years compounding for 20.3%. 1965-2009.
George Soros - generated an annual return of 30% through his Quantum Fund from 1970-2000.
Julian robertson: has the highest long term rate at 53% for 16 yrs 1980-1996
That is especially since I make no claims of possessing that elusive "magical skill" traders are always muttering about.
