Of course the past is no indication of the future,but several of my buddies who were engineers/accountants are worth well over 4 big ones,and they never made over 200 k per year. And you are spot on,they were in index funds/EFT,domestic and international...I believe they only averaged down in the US.. Towards the end of my career,I worked at one of the largest hedge funds in the world,and there was not one single "technician"...By technician,I am referring to the type that post on this board.. Im not talking mean reversion,stat arb..I don't recall if there were any pure trend followers
i did not say that that fellow did i made 100 000 times the original invested amount in 1994 which was sold last year. but someone questioned it ....and I give you know what
There are systematic trend following funds like Man AHL, Winton, Dunn Capital, AQR. Just that they don't do it in a simplistic way. They use different systems to measure trend strengths - scaling in and out of markets. And yes - simple buy and hold may not work. Sideway mkts happen more often than trending markets. Note: Some screenshot that I took from Sven Carlin's youtube video.
Hmmm..Lets go out on a limb and assume you got crazy and invested over 100 dollars.You made over 100,000 x your investment,so bare minimum you cashed out for 10 mil plus..Yet,you are slugging it out day trading based off squiggly lines
You never understood what the squiggly lines meant. They're just graphing supply and demand, psychology. They were all never just random lines. Some of it is noise and it seems you were focused on noise. Evaluation of trends (squiggly lines) is very useful on deciding which coffee shop to buy.
Well, they do say the failure rate of traders are around 90 % and I believe that to be true. Yet everyone entering this business think they will be the expectation. As a successful day trader your one-week returns can match the yearly returns of a value investor. Of course, most don't achieve that, just like most people are fairly average in most other areas. So in the end it's probably a wise choice for most people to pursue a long-term strategy, i.e., investment. Lower risk, lower margin of error and lower returns, but at least you don't waste your time and lose your money.