Didn't you read his other thread, the one he was OP?
What do you consider a good yearly return? (In percent)
- Thread starter trade5656
- Start date
Except there's some BS going on here, you have a $10k account and generated 318% in 2months where you stated "I made a fortune with this trading attitude last year and made enough for this whole year in just under 2 months. You don't need to spend the biggest part of the day working. Cheers"
Which means you are happy living on $30k per year living in Europe and still have the same size account, and then quote "I turned $10,000 into $1mil and beyond in 8 moths.", me thinks there's some click baiting for rookies going on here, this is worth a few minutes of time. Fascinating, so you're working with Evax Consulting to push people to the trading signals, funny. Triple digit returns from $10k to $1mil, that's almost as funny as @beerntrading this weekend.
Cr80r said
"started on April 18th 2016 with $10k and was at $3,513,412.98 on October 11th 2016"
I believe he claimed to be using 200:1 leverage. Amazing what someone with illusions of grandeur and a keyboard can come up with. Now his story seems to have morphed into something a bit more toned down - for him anyway.
"started on April 18th 2016 with $10k and was at $3,513,412.98 on October 11th 2016"
I believe he claimed to be using 200:1 leverage. Amazing what someone with illusions of grandeur and a keyboard can come up with. Now his story seems to have morphed into something a bit more toned down - for him anyway.
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We may better to find others (good) record, than hassle useless debate.
One is by Buffet's, as shown in http://www.berkshirehathaway.com/letters/2016ltr.pdf
In short, over the last 50 years, SnP was roughly 8% up annually. However Buffet's outperformed roughly 8%, over the index. (annually compounded)
Therefore his record is 20% in account so that his initial seed of 100K is now 9100*100K by
1.2^50 = 9100.438
I believe probably almost no other better since NO MEDIA argues better record.
PS) Most can spend 50 years in investment, from 30 to 80.
PS2) Esimate the total tax+comm for the 50 years.
PS3) The annual 20% is almost same as credit card loan interest.
One is by Buffet's, as shown in http://www.berkshirehathaway.com/letters/2016ltr.pdf
In short, over the last 50 years, SnP was roughly 8% up annually. However Buffet's outperformed roughly 8%, over the index. (annually compounded)
Therefore his record is 20% in account so that his initial seed of 100K is now 9100*100K by
1.2^50 = 9100.438
I believe probably almost no other better since NO MEDIA argues better record.
PS) Most can spend 50 years in investment, from 30 to 80.
PS2) Esimate the total tax+comm for the 50 years.
PS3) The annual 20% is almost same as credit card loan interest.
Since most on here probably only have a few grand, this means a few hundred per cent minimum.
Warren Buffet was talking about investing - not day or swing trading. The avg acct size was published at one of the brokers I use - it was over $60k. if someone is trying to trade with only a few grand they will do a lot better focusing their efforts a lot more on saving. Every published study shows traders that have adequate capital (see SEC site) have a far greater chance of succeeding.
Warren Buffet was talking about investing - not day or swing trading. The avg acct size was published at one of the brokers I use - it was over $60k. if someone is trying to trade with only a few grand they will do a lot better focusing their efforts a lot more on saving. Every published study shows traders that have adequate capital (see SEC site) have a far greater chance of succeeding.
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That's good money but I bet that would be hard work.With $60k, 100% compounded a year should be possible....all the way up to a million, at which point 50% simple a year can be achieved!
It would be interesting to know the hourly rate of return per hour putting in the hard yards on an account size of $60k returning 100%pa