Fully agree. Making predictions and making money are two completely different things.
I cannot agree with most of the above posters. I do go for the homerun. It depends of course what trading style you have. I'm not a daytrader but...
You're probably not a trader yourself to think that such results are impossible in this market.
As far as I know Marc Faber manages a fund of a couple of hundreds of million dollars. I don't know his track record though. I always like to...
Well, for example this year I had no idea a subprime crisis was going to develop. Nevertheless, this year so far is one of my best ever, just by...
Fortunately, it's not necessary to know what is going to happen in order to make a lot of money in the markets.
More is possible but it is good for nothing.
Did you read this book? In it he says: "Jumping on the bandwagon-especially one this big- has never been my style." "we may even see a dramatic...
I started trading in 1986. So I was very green when the 1987 crash happened. My whole trading capital then was invested in call spreads on various...
Sorry Cutten. I am not sure you write this on purpose. I assume you mean to say those people you mention are more like trader A.
Thank you for giving your view. I (of course) am more like trader A in my example. I think the real lasting money in this industry is made when...
The results of trader A are indicative of a sound (trendfollowing) trading programm. The results of trader B are indicative of some "magic" or...
If you want predictable, steady returns, the end is always a blow-up. Read: Fooled by Randomness (Taleb) Trader A: year 1: 35% year 2:...
Even a good trading system has drawdowns that most traders can't cope with. Moreover applying a system is really boring stuff which makes you...
When you are a discretionary trader, I think it is better to focus on 1 or 2 markets. But when you are a systematic trendfollowing trader it is...
August was the only losing month so far this year: -4.93% I use several brokers and keep money in government bonds as well and I take that equity...
Oh my , a Cessna. Sorry German, I didn't say anything at all. I misinterpreted you for sure! :)
I know it is difficult to stay nice when someone disrupts your fantasyworld.
Thanks for your good wishes Osorico. Maybe I'm an "old dog" trader. I trade for my own account since 1986. I considered myself a rather...
In 99.9% of the cases people will go broke in that way.
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