What I'd like to know is what strategy he used. I mean, anyone should be able to make a comment on the validity of his methodology.
I think you just need to read a few good books on investing and trading. Books on Warren Buffett would be a good start. He is hard to beat.
Golftrader - This is the most idiotic post by your goodself. Its like meeting a stranger on the street who screams "help me i i used to sink all my basketball shots and outplay Michael Jordan for 15years in a row and now I cant even bounce a ball."
seems to me like you have done fantastic....really...good luck.... tell our kids its time for them to poney up some mula...
Yep, I agree with this fellow. If you have a dream to make this work and you are decently intelligent and analytical then just stick with it. It may take years but if you have a family who will stand behind you and other income to support your Living then I say go for it. If need be go back and forth between Live and Sim. if you need to !! It will pay off. Slow and easy is the key. It will build long lasting confidence !!
I think you should move on. This game was never for you or Timmy or 3 other traders that are my friend. All made it in the dot com days with small starting capital and lost everything after that. Of the 3 guys I knew, it was typical load up the boat on momentum stocks and never cut losses type of strategies. They never listen to my advice because their now big accounts = knowledge so they thought. One had to see a shrink just so he could sleep and to get out of his depression. None of them are traders now and would not even discuss the market. Good Luck on your next career.
Could be the Algorithms versus Algorithms that are taking place daily in the market. We are now competing against computers all the time. What happens when all the computerized traders want out at once? I see a 2000 point down day sometime in the next 3 years. You heard it here first.