$0.50!!! :eek: I would be long gone from this world having suffered a heart attack. I will only risk pennies on any trade. It doesn't take long for me to realize if I am wrong, in which case I will be out without any hesitance. My top 3 priorities are: 1) Risk management 2) Risk management 3) Risk management Once I have these in order, the rest takes care of itself; I am VERY selective in taking my setups.
Yes. Fewer than "1 in 1,000" professional money managers averaged 30+%. The air above 40% was very much thinner.
It is different before HFT exists. It may not be that different when the monster can do HFT while individual cannot. Actually the monster with HFT can trade much faster and earn more with HFT than an individual who cannot do HFT. Also futures, currency market are so liquid now, giants can sell or buy crazy many without creating big waves in high volume days. Long term trading wouldn't be different as well as long as the giant is in big market like S&P 500 ETF instead of normal or penny stocks market.
%%%%%%%%%%%%%%%%%%%%%%%%%%% Thanks, GloriBrown; that sounds like a truthful article, not that wikipedia[where any can post, any- time],,is the best source. Actually they did much better in an 11 year period, assuming that article is truth, i assume it is truth ; but its 275 employees.Plenty,plenty , plenty of money managers dont beat the S&P 500 benchmark [that is usually about 11%/+]for 10 year period........................................... Also sure its posssible to earn that %% you asked; as far as probable,,long term,, that IS another matter, for sure. Not a prediction, as i usually write that; ''not a prediction'' Also, its much easier to risk more when young; that way one may have time make up for it if one loses big.Thanks+ like Winston Churchill said '' that's a socialist idea that profits are a vice '',LOL.......................................................................................................................................................................................................................................
This is not fair if we compare to index like this. Country can go through a very bad economic cycle and bad for few decades like Japan.
To make 250% a year like you suggested, you need to win 1,000 times in a row (4 trades/day x 250 days = 1000 consecutive winning trades). In other words, you are assuming that your profit target will be reached 100% of the time without triggering any stop. Please stop dreaming.
Who ever mentioned "in a row" or "consecutive"? Did you miss the part in my comment that said "with keeping losses as small as possible"? There are no assumptions in trading; it's either there or it's not. The trade doesn't always have to reach your target. Sometimes you have to take what the market gives you. It's called trade management. Also, I do not use hard stops, unless I move away from the screen. It's very real my friend. As @stock777 would say: Those that know ain't saying, and those saying don't know.
Reread your post, it is hysterically funny. You are basically saying it's easy to make 250% a year, the trader "just" needs to make 1% profit per day. Piece of cake. It's like saying "Hey, it's easy to make over a billion dollars a year, just earn 3 millions a day!" Listen, if a trader could "just" make 2% a month consistently, he would already be a super trader. So please, forget about making 1% a day average profit year after year, not going to happen. Not even in the Twilight Zone.