Very, very few people will be able to beat the S&P 500 on a risk adjusted basis over a multi-year period. There are almost no gurus and not many more elite traders. Beating the market on a risk adjusted basis takes years and years of research, lots of psychological pain (and growth), and if you don't have an edge, you won't be successful despite all the discipline in the world. So you could suck up your life energy and time and only be left with the thought....why did I ever start this? If you really want to be successful as a trader, it will come from love and passion for the game. I'd highly recommend Jack Schwagger's little summarized book (like 2.5 hours on audio) of the market wizards he interviewed. I also like the hedge fund one a lot too. Many different styles, many different approaches, some will work for you, some may not, but it will get you thinking. What is my edge, what do you do better than others? If you can answer that an apply it to trading you could be one of the elite few. Risk management is also extremely important and it takes a while to really think in probabilities and bankroll management. Part of that is being realistic about what your gains really can be. Good luck and hope you check out those 2 books, I think they will help!!
Can someone explain in terms that an elementary student can understand what "Risk Adjusted" means. I have outperformed the S&P for a number of years with a market timing strategy. How do I adjust my returns for risk?
I did not hack his account, lol. He made his results public on a certain website for everyone to see. https://www.mql5.com/en/signals/739675#!tab=tab_account Here you go. Anyone wants to place any bets on how fast he will take it down now? Now he can't say the screenshots are fake.
Thanks for the clarification RDK91. Maybe he is trying a new trading method or something. He will bounce back and start making money again
He never made any money with trading . Well he did, but not without giving it away sooner or later. This isn't his first account on that website and they all disappeared rather quickly, he also has some old accounts on myfxbook.com and none of them show even the slightest hint of profitability.
RDK91, Good work. I applaud you for questioning and challenging a trader track record who is seeking to give others traders advice, as in the trading industry there is a ALOT of false advertising. ET members need to applaud you for this effort. I been a topsteptrader for 4 months now trying to get funded. See my results below. Almost there, but not yet. You see how easy that was for me to say. Everyone needs to be more honest about what they are doing. As I stated on another thread, you never know who is reading this and can send someone down a long wrong rabbit hole. And that is what fucks ALOT of newbie traders is. TOOO much unverfied information. But I have learned that, in the trading business, their is alot of bullshit. I work on a oil rig, and you best to believe we are all RESPONSIBLE for questioning others action as it could kill us all if one person makes a bad decision. I am NOT a consistent profitable trader, I should not be giving members on this site trading advice or direction, unless I state at the end of the message... Disclaimer "I am not a consistent profitable trader" If you are a consistent profitable trader, you should be writing below your message Disclaimer "I am a consistent profitable trader for X years" ET needs to really restrict the trading advice that is given and make people have a signature in their profile if they are profitable trader. This way a trader can take the advice as they want it.