Look around and the Funds are offering 5 - 10% annually generally.
A good trader is expecting to make that in a week and occasionally in a day.
Of course some managers do better and pocket huge bonuses.
What was the ***last*** thing you had to master before becoming profitable?
- Thread starter Kovacs
- Start date
A good trader is expecting to make that in a week and occasionally in a day.
Of course some managers do better and pocket huge bonuses.
give a retail trader $4 trillion and you'd get the same return - a profit of $2billion. The banksters still owe trillions-they don't actually make money,they just suck it out of the rest of us
But they explained to me that on a risk adjusted basis, these were superior returns.
18 years! It is not luck or bull market if you last this long.
I am riding this bull market, so won't know when the ride will be over.
Best to you.
I don't get bullish ever- I trade options, so don't care what those imbeciles get up to in their imaginiary p/e ratios and other hilarious fundamentals-BS lifts the market, truth smashes it to bits -I loved 2008
Went through this resurrected ever-green thread from the very beginning, here is a quick summary in order of advice frequency, if you are in a hurry:
- let profits run, add to winning positions;
- cut losses;
- never trade on margin;
- risk management first, always fear about losing everything you have at the moment;
- turn off TV, don't read forums or follow someone else advice;
- trading is an art, not a science, focus on discretionary trading, develop your personal skill;
- learn yourself more than the market.
Nothing new, it's their order that may be important
PS: My first idea when I came to trading was betting against the Average Joe. Not "buy what he sells" but follow inverse fundamental principles. I came to almost the same list at the end, which is interesting by itself, especially adding to winning positions at the first place.
- let profits run, add to winning positions;
- cut losses;
- never trade on margin;
- risk management first, always fear about losing everything you have at the moment;
- turn off TV, don't read forums or follow someone else advice;
- trading is an art, not a science, focus on discretionary trading, develop your personal skill;
- learn yourself more than the market.
Nothing new, it's their order that may be important
PS: My first idea when I came to trading was betting against the Average Joe. Not "buy what he sells" but follow inverse fundamental principles. I came to almost the same list at the end, which is interesting by itself, especially adding to winning positions at the first place.
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I trade options too, at the mercy of the market, hell of a roller coaster ride these five years.
most people don't understand the market except the few insiders so we just do what we can and take money off those ******** lovely fellows build our account and our knowledge base. 1-2% a month is possible with zero drawdowns -I never ever trade naked-though nudity is the default position in my house