murray t turtle
Registered: Dec 2001
07-23-12 07:16 PM
Quote from syswizard:
You forgot to add: In these market conditions
Back in 1999/2000, volatility permitted excellent intraday profits....many dumb traders made it on luck.
Likewise, when the Yen Carry-trade event occurred several weeks ago, traders here were posting daily profits they hadn't see in YEARS.
Yeah, there is still opportunity, but you've got to acknowledge the risk-reward ratio has gotten less favorable as the VIX has dropped. With this, your strategies must change as well. If not, you're a "gonner". I suspect many of the "drop-outs" could not or WOULD NOT adapt.
some exceptions, Monroe Trout [Trout Trading]retired @ 40. His stimated net worth @ time $900 , 000,000.
Probably 1999 was more than luck;
dont confuse brains with a big bull market.