Check out my thread: https://www.elitetrader.com/et/threads/position-trading-calls-and-ideas.335664/ Since it was created a few weeks ago, there were many great real time calls and trades. Check out : vanzandt's calls on CMG and AZO; SPX Blaster's call on equity indices week of Sep 15; my trades on 10 years T-note and GBP. If you think they were lucky, then just keep watching, there will be consistent winning calls and trades. Position trade real time calls can be easily verified through time stamps. For daytrading calls, one or two miss for each trade mean significant and could change the whole result. But for a 100 points multi days winning or losing call, one or two points miss have no impact on final trade result. So position trading calls will give you a real picture of traders' trading.
%% LOL your wife has great sense of humor; trading + investing is not like lotto @ all. Even though some think they can risk a few bucks + win millions LOL...…………………………………………………………………………………….
As the old adage goes, "those who tell don't know, and those who know don't tell." This ain't feel-good millennial share-everything social media-based business, it's cutthroat. Is what it is bruhhh. Momentum's all luck? ok, ok. "you simply need 300-400K account to make 3-4K per month." That's patently false. Take a big bong hit and hit the reset button on your approach.
%% OK; if 95% that know, don't tell. Find the 5% that know + tell + show + tell. Like IBD/Investors Business Daily, well weekly now. HE does NOT use momo, except on some silver....charts, so dont thinks its that easy...……………………………………………………………………………………………….. .
People need to expand the definition of trading. Picking the direction for one product is not the all encompassing definition of trading. Arguably, that's not even trading. That's speculating
Trading is like a giant ponzi, buy, hoping that you can sell to a bigger fool. Then when it all comes crashing down, start over once again. Just hope like hell you aren't the last fool bag holder, prior to the belly up.
What the turtles were doing was more of position trading. They held onto their positions until their stop losses took them out of the trade. It is longer term since, they were trend following. Trend following has a low win percentage. I believe the figures were 50% losing trades, 30% small winning trades and 20% huge winning trades. Even Ray Dailo in an interview said that retail traders should trade longer term and diversify to cut risk.