Yes, that's true. It query's personal wealth under (self) management and part-timers would mostly not be undertaking this likely full-time endeavor.
Many here are confidently managing their entire net worth. I hope to one day (soon) be doing the same: http://twitter.com/HedgeFund_Guru
Maybe I am not understanding the point but for me it is exactly the opposite. When starting out , I actively managed every cent I had, but now over 30 years later, I actively manage only a relatively small % of my net worth. I include in my net worth a paid off residence, CDs and a pension. Thankfully I do not have a need to risk more to make more. Joe.
There is a difference between trading a short-term strategy or approach versus compounding a powerful long-term approach. They are two different animals. Say 200k is 1/10 your net worth. You are happy and confident - not to mention sensible. You are accomplished and can scalp or extract routine positive trades - <i>in a linear fashion</i> or say 75k on average per year. In five years you'd have made 375k on that same 200k - a true winning approach! On the other hand, Joe #2 may have the same experience excepting one major difference. He has manages to develop a "system" that can <i>average</i> say that same (75/200) 37.5% return -- but plows back all of his return back into his investment trades (compounding). This simple difference would yield <b>783k</b> off that same 200k base. http://twitter.com/hedgefundsguru
I manage 100% of it. I do not trust other people with my money. Look what happened to the folks invested with Madoff.
wow! i had no idea some were investing 100%. i just started day trading full time and i'm 35% vested, but i don't even come close to using the full dtbp....... just curious: do most day traders use the full leverage of the dtbp? if not then what would be a near optimal % of dtbp?