Just out of curiosity,did you mean Amatuers LICKING the pros ass,or Kicking the pros ass?? Subtle distinction..
LOL!! Typo for sure. It was supposed to be Kicking. Not so subtle really, I'm sure I could tell the difference.
The index is not a standard of any relevance to trading. I find it oddly amusing that this notion keeps getting repeated in various threads. (The Meditation thread is another example.) The "pros" in the financial industry who manage large pools of capital for fees have an incentive to use the index as a performance standard for marketing purposes. They are in competition with each other. Amateurs trading their own capital are not. The relevant performance standard for a trader is the proportion of the market's offer he is able to take. This is always less than 1. In terms of the standard used by the "pros" this is an ass-kicking percentage. But it is the proverbial apples and oranges comparison. The 1% to 2% per month that is bandied about as a benchmark for trading success means either the trader is keeping most of his trading capital idle or he is barely proficient and is one poor month away from having a losing quarter or year. It is evident that most people in the internet age have never seen or been around real traders.
Right... For your info 2% a month represents 27% a year on a compound basis. That's TRIPLE the average yearly return of the S&P 500, pal, and not even freaking Buffet can get that kind of performance! But perhaps you are an exceptional trader and you earn more than that consistently, year after year, yes?
I suppose if you were a big swinging dick and frequented Wall Street often you may be rubbing shoulders with real traders, but where I live, it's kangaroos. Ever seen one of them where you live?
You demonstrate repeatedly that there is something the matter with your brain. Let me instruct you how to train your mind: Reading comprehension first; asking questions second.