What would that be?The 3 stooges haven't a clue about trading..all you need do is read some of their posts
As I keep saying..it does not matter one little bit..who I am..where I am..what I make..what I lose..the only thing that should concern you..is if what I say makes sense in relation to making money..if it does..then use it..if it doesn't..then just move on!
I could write a book about how many idiots are out there..who think they know something of real value..when..all they really have stumbled across is regurgitated rubbish..it is always the "same old story"
I have only read posts from one person here that has a real clue about trading..but for some reason he seems to have disappeared..I wonder why..well..I actually know why
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
OK, so this is the results for a two month period. What about prior to this?
With a 69-1 win loss ratio and a 8-12% ROI on each trade averaging 35 trades per month that must be some track record.
Wow, so you are talking around 700% total profit (non-compounded) in two months, and without using any leverage. That is nothing short of breath taking.
I'm guessing the non-margin/long-only, means you are trading stocks? Must be some volatile ones to score 45% on a single short-term trade.
By the way, if you compounded 70 wins at 8%, you could turn $10,000 into over $2 million.
1.08^70*$10,000 = $2,186,064
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No it is not. If you make 8% on a trade(as in the trade from its open till your closing it moved 8%), and you risk 2% of your INITIAL bankroll, you have grown your account by 0.16%.
If you do that 30 times, as an example if you could do this once per day, you will have grown your account 4.8%. This is not amazing.
I am not talking about growing your account by 8% on a trade(I have never even come close to such a number, not even once), to do that you would have to risk 100% of your bankroll. Should the worst happen, you will lose 100% of your money. Would you go all-in on one trade? Next, if you risk 100% of your bankroll, you can only enter one trade at a time.
There is a reason I mentioned non-leveraged and non-margin.
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0.16% a day = ~37% per year. 4.8% per day ~ 118,0918% per year. Both extremely amazing.
So, with a $1000 total account to start, at the end of the year will be worth $1,180,918. Quite amazing!
The only thing that is amazing..is how stupid people can really be
to make it more
requires good score
this talk of gain
is all in vain
it starts this way
the price will sway
until it small
no need be tall
but few can see
what really be
as day to night
it mostly shite
an open mind
not make you blind
abundance great
to those who wait
to see it clear
one has to steer
thru ice so dense
use common sense
Common sense though many might have,
Won't help a poor soul trade good or bad.
The poems that work cut to the heart,
Like price in a simple small box it might make you fart.
The shock of simple many can't see,
Like blades of grass or forest from trees.
Price moves around with something behind it,
If SCALPER told US we just might heed it.
But as good things go I'm hoping this ends,
With an answer or two that might get rid of these friends.
The journey is rough for most if not all,
So enjoy the process and even the falls.
You can love unconditional with no return,
But love price and well surely burn.
The answers you seek are simply inside,
Admittedly so simple they just can't hide..
Unless it is ego,
Then yes let him go.
Unless one is humble,
Then yes up he go.
To end a rhyme in conspicuous manner,
The journey continues and so must the banter.
Won't help a poor soul trade good or bad.
The poems that work cut to the heart,
Like price in a simple small box it might make you fart.
The shock of simple many can't see,
Like blades of grass or forest from trees.
Price moves around with something behind it,
If SCALPER told US we just might heed it.
But as good things go I'm hoping this ends,
With an answer or two that might get rid of these friends.
The journey is rough for most if not all,
So enjoy the process and even the falls.
You can love unconditional with no return,
But love price and well surely burn.
The answers you seek are simply inside,
Admittedly so simple they just can't hide..
Unless it is ego,
Then yes let him go.
Unless one is humble,
Then yes up he go.
To end a rhyme in conspicuous manner,
The journey continues and so must the banter.
If you can grow that much per day, sure you could eventually have some nice coin built up. But, there will come a time where you can't just easily move your millions through certain VOLATILE instruments.
I too like to play around with the compounding formulas, to just dream about insane profits... but they are not really realistic. They are almost pointless to think about imo. Real world trading probably just isn't going to work out for most of us that way. When I see one of those compounded, theoretical, billion dollar amounts, its like "LOL!!!
" There are just too many overlapping trades, which you are in for various amounts of time, varying amounts of ROI, and varying SIZE, that make real-world trading and compounding difficult, and managing your bankroll tougher.Some of the things I've realized recently, I see where I've been going wrong trying to trade futures for years... I simply don't have the money for it.
Just a note, the example I used with 2% gain, showing what you'd actually accrue after 30 trades... those are not my numbers. I was just using a theoretical example b/c it seems like guys like that theoretical stuff? My numbers are way better than that luckily(for now). I was just trying to explain how to calculate your Profit/Loss, which is something I thought EVERYBODY already knew how to do? Maybe the obvious pre-requisite is to know how to calculate your P/L... LOL. Like the distinction between 10 to 15, and 15 to 10.