Nimrod, Day Traders made dough all the way down in your crappy stocks while you sat nervous over your 100 shares and banked it on the way back up, thats what we do..... Day traders would piranhatize your ass in a nanosecond if you had the guts to really play ball. you may have a quality education but lack any shread of common sense which is much more important IMHO
Actually, neither is important. Being able to jack up 385 lbs on the bench press is extremely important.
Do you only consider the pretty girls you've kissed, or do you factor in the others... and don't say that you've never kissed anything other than a pretty girl. Assuming that you're being upfront about your trades, you're considering only the closed trades, but a total portfolio should factor all holdings. After all, can you imagine a portfolio manager telling his investors, "Don't consider the open trades! They're not ready yet." If we do consider the open trades as well, your total portfolio would then show a return of 12.12%, a bit off your 15%+ boastings. But not much off. Why not brag about that figure instead? Have to count in your triceps as well as your biceps, you know. Looking more closely, considering your total of 37 trades over the term of the portfolio, from 1/02 to 7/03, or 17 months, makes for an average of 2 trades per month, making your earning rate an average of 0.71% per month, or about 8.5% return per year. Looking at just this year's performance of your portfolio: You have 27 trades (16 closed, 11 open) and a total return year-to-date of 10.65% The Vanguard 500 Index Fund has a year to date return of 15.16%. Over 42% better than yours. They are huge, of course. In fact, there are hundreds, thousands, of regular ol' mutual funds outperforming you: http://screen.yahoo.com/a?trytd=160/&b=681&s=trytd&db=funds&vw=1 You could just give them your funds, relax and go take a dive in your pool. What exactly is the mr.market advantage?
A Yahoo stock group. 500 free users (wow!). A braggard personality when the market is rising. Very quiet on substantive issues (as Jack Hershey eloquently said) such as trade size. A genitalia set to match his trade size. Now we know why he won't say if he trades tens, hundreds, or thousands.
check your math..did you forget that profits can be compounded? If you don't understand this concept, let me explain. If I have $1.00 and make 15% on that dollar in one month, when I close my trade, I have $1.15. Now I re-invest this lump sum...I start with $1.15 and then I make my 15% in a month and look...I now have $1.32. In only 2 trades, I have netted 32% over my initial investment. Do you want me to keep going, or do you understand the math now. Gee no wonder you daytraders never went to college. As of today's close...I have a total of 38 trades with 34 being winners and only 4 being losers. Of these 38, 26 are closed winners. Go ahead...do the math.
Actually, as a result of my TRADING prowess, I now have 698 members in my Yahoo group. http://groups.yahoo.com/group/mrmarketishuge/
Can fudge his returns when you are free to pick arbitrary prices on when to enter and exit. You have skimmed and fudged all your paper entry points, and that adds up over time. You learned about THIS math, correct? The bottom line is: you would be a hedge fund manager by now if there was a shred of truth to your prowess. Too bad "braggery, obnoxiousness and hair" aren't things to make a living from.