What a stupid study

wxytrader said:
No I'm not in SPY...better use of capital. I wouldn't touch it up here either even if it could run some more. I don't have a portfolio...I have one off, all in trades.
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SPY is a pretty common benchmark. If you can't beat that benchmark you might as well buy and hold the ETF.
No portfolio, OK, At the start of the year you have a pile of money. At the end of the year how much has the pile grown.
The author of the video you called stupid had a 27% return last year in the world investing championship, a real money competition.
 
deaddog said:
SPY is a pretty common benchmark. If you can't beat that benchmark you might as well buy and hold the ETF.
No portfolio, OK, At the start of the year you have a pile of money. At the end of the year how much has the pile grown.
The author of the video you called stupid had a 27% return last year in the world investing championship, a real money competition.
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I called the study stupid...only included the video because there was no link posted. Anyway, I wouldn't even bother if I didn't return at least 100% of my investment...27% lol...some dividends almost return that. Competitions generally don't attract the most talented participants so much as they attract the people who want to be seen as the most talented.

Update:

Your guru agrees with me lol on indexes. With single stocks, the trick is loading up with cheap stocks and increasing your multiple with only risking a small portion of your capital. If it doesn't pass the 10 bagger test its not worth doing. Also this isn't buying the dip, buying the dip is blind buying. This is buying specific levels.

 
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wxytrader said:
Anyway, I wouldn't even bother if I didn't return at least 100% of my investment...27% lol...some dividends almost return that.
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ECREE
Extraordinary claims require extraordinary evidence. "Carl Sagan"

You can color me skeptical.
 
After reading OP's posts...
Once OP posts anything...

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hilmy83 said:
If you can show me a broker statement of 5k to 50k, I'll quit my job and work for you!

Wolf of Elite Trader..coming 2024
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deaddog said:
4.5% on a million dollar portfolio. Even less if you have more.
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If you want to talk pure leveraged trading, I earned about 2.5 bitcoin back in 2020 on Prime XBT and Binance. I liquidated everything in 2021 and I bought 100k dogecoin with the left over 5k or so. It was just a throw away trade, and I had no idea it had gone from .05 cents to .44 cents. I waited for .55 and sold off. That's why I say the best profits I make are profits I'm not even aware of lol.

Anyway now I only trade etf's (BITX, BTCC.B, BITO) because easier to get in and out of if I need to access capital...also I can leverage more with leaps versus just holding assets in crypto.
 
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S2007S said:
You can average down all day long on the SPY DiA IWM and QQQ and literally print free money and make free money consistently These major indexes even if they were to collapse 30 40 even 68% will always always always come back so cost averaging into these index etfs is actually a brilliant thing to do.
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He is smart, trades index, not individual names.
 
wxytrader said:
That's why I say the best profits I make are profits I'm not even aware of lol.
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That sounds like me on the golf course, good shots are because of skill and the rest are rationalized as bad luck. But I can bore you to death discussing how you are supposed to hit a shot.
Anyway now I only hold and trade etf's (BITX, BTCC.B, BITO) because easier to get in and out of if I need to access capital...also I can do leaps.
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But you don't have any open positions now, You are waiting for the next crypto winter to put your money to work.
 
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