btw-according to latest stats-savings at the banks are at all time high levels.which makes me think that your grandma aren't buying this market. probably cause she lost it all back in 2007-9
But grandma has been buying s$p every month for 20+ years.... Sure if she is trying to time the market 5 years at a time she'll soak her depends. If joe six pack buys s$p every month the next 20 years I bet they beat the vast majority of traders. My point being, not many here are profitable in relation to long term cost averaging into the s$p.
--My point being, not many here are profitable in relation to long term cost averaging into the s$p.--- you probably correct on this one. my biggest mistake is that i didn't invest my profits from daytrading(cause i'm scared to death of losing it and spoiled by steady returns) like your grandma did. big mistake..HUGE(pretty woman)
Hey and if you can find something else that works for you beside grandma's method , then great you've accomplished something many haven't. Now you can share with the OP your method and its metrics since that is what this discussion is about. OP I have only seen 3 different profitable individual traders' statements for a period of 5 years or more. I agree it is hard to find a method with performance to back it up from an individual successful trader willing to share it. Forexfactory has leaderboards of actual live trades linked to peoples brokerage accounts. A lot of those curves are scary
How do you know ahead of time if it's going to go sideways or trend? Agree with both of those. I do the opposite because I'm unable to make adding to winners work for me since I don't know how long a trend will go for.