his problem is not losing money, its not making any
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Was 2009 a disaster? What are you doing for 2010?
- Thread starter Ephstrader
- Start date
I hope to live long enough to see another 2 years like 2008 and 2009. 2010 is back to business as usual, scrounging to make enough to pay the bills (and not tap into the nest egg), As someone posted earlier, more patience than ever is needed and the opportunities are less frequent. There's too much complacency and not enough fear out there. Hey Greece! Can you help us out again?
Quote from Ephstrader:
I have been a professional trader for the past 7 years trading predominately Nasdaq stocks. My p/l has gone up 20-40% a year from about $30k a year to my peak in 2008 at about $200k. Life was good...until 2009. Last year I made about $20k. I wish that were a typo but it isn't.
Obviously my confidence, size and risk tolerance have been profoundly effected by my performance. I have kept my head down and slogged forward hoping something would break right but I have felt 1-5 steps behind the curve consistently. I feel the only thing that can explain this is a systemic change in the way the markets trade making my techniques less profitable or obsolete.
Has anyone else noticed this out there? I'm not sure what I can do. Obviously I am broken, not the market and I'm not looking for a silver bullet. I just wanted to see "what it's like out there" and determine if something has changed in the market, if my strategies no longer work, or it's all in my head.....
Any updates? how have you been doing?
what is with all the people that can't adjust to changing markets?????????
I recall all the traders that made tons of money in 1998-99 and lost it all back in 2000-01!! There was a fund that did 23% annually for nearly 20 years, can't recall the name, they did sector rotation.. so all they had to do was invert the strategy in 2000 but did they do that? NO!! They kept going until they had to shut it down.. maybe they had some rules and restrictions that kept them from doing the obvious or maybe they just couldn't adjust, I don't know about that...
Volume and volatility being down a little should lead to some research on how to make $ in the current market.. adapt or die!!
I recall all the traders that made tons of money in 1998-99 and lost it all back in 2000-01!! There was a fund that did 23% annually for nearly 20 years, can't recall the name, they did sector rotation.. so all they had to do was invert the strategy in 2000 but did they do that? NO!! They kept going until they had to shut it down.. maybe they had some rules and restrictions that kept them from doing the obvious or maybe they just couldn't adjust, I don't know about that...
Volume and volatility being down a little should lead to some research on how to make $ in the current market.. adapt or die!!
Quote from Eight:
what is with all the people that can't adjust to changing markets?????????
I recall all the traders that made tons of money in 1998-99 and lost it all back in 2000-01!! There was a fund that did 23% annually for nearly 20 years, can't recall the name, they did sector rotation.. so all they had to do was invert the strategy in 2000 but did they do that? NO!! They kept going until they had to shut it down.. maybe they had some rules and restrictions that kept them from doing the obvious or maybe they just couldn't adjust, I don't know about that...
Volume and volatility being down a little should lead to some research on how to make $ in the current market.. adapt or die!!
+1