Overtrading: Share Your lessons learned

Discussion in 'Trading' started by KCalhoun, Jun 20, 2020.

  1. There is NO reason for me to complete a "game" (which I already stated makes no sense, unless you are trying to get free hard work from pros).

    I already did, since September, 1998...

    If I were to complete this so-called game, it would involve me revealing instruments, time-frames, types of frames, multi-dimensional charts, intercorrelated instruments across various asset classes, etc.

    There is NO reason for me to do that. YOU spend a decade, and figure it out, which probably will NEVER happen. Please STOP looking for short-cuts, you MORON...

    Perhaps then, you can drink well: https://www.elitetrader.com/et/thre...-trading-anything-but-a-gamble.345731/page-17
     
    Last edited: Jun 21, 2020
    #51     Jun 21, 2020
  2. geneticien

    geneticien Guest

    #52     Jun 21, 2020
  3. ALL POSITIVE!!!

    Last March was my best month in almost a decade, but I realize that it was an anomaly, and that I will not likely see that scenario again, in my lifetime.

    CONSISTENCY is key, which eventually leads to freedom to do whatever one wants, and that's the fun part...
     
    Last edited: Jun 21, 2020
    #53     Jun 21, 2020
    TVIS likes this.
  4. ET180

    ET180

    Watch the market less often.
     
    #54     Jun 21, 2020
    KCalhoun likes this.
  5. geneticien

    geneticien Guest

    If a trader with a reasonably large AUM beats SP&500 during several years then it is rather impressive.
     
    #55     Jun 21, 2020
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  6. deaddog

    deaddog

    What do you consider a reasonably large AUM?

    It is a decent benchmark. Not many traders manage to exceed the S&P.
     
    #56     Jun 21, 2020
  7. Sprout

    Sprout

    Since you enjoy crickets
     
    #57     Jun 21, 2020
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  8. geneticien

    geneticien Guest

    For retail traders it would be something like that:
    • Small AUM: <100k (most retail traders belong to this group)
    • Medium-size AUM: >100k and <1000k (some beginners and for-a-few-years successful traders belong to this group)
    • Large AUM: >1000k (some rich kids and long-term successful traders belong to this group)
    These numbers are very approximate. I can imagine one can find some very niche low-volume opportunity and make 3 digits CAGR. However, the larger the AUM, the more you compete with regular actors and thus it becomes increasingly more difficult to beat S&P (e.g., that same traders will scale-down from 3 digits CAGR to 2 digits CAGR).
     
    Last edited by a moderator: Jun 21, 2020
    #58     Jun 21, 2020
  9. deaddog

    deaddog

    I agree. I'm happy with 15 to 20% annual return from swing trading stocks. A comfortable living.

    I'm sure the guys making triple digit returns are out there, I've never met one.
     
    #59     Jun 21, 2020
    geneticien likes this.
  10. geneticien

    geneticien Guest

    Eventually, triple digit guys increase their AUM and become double digits guys.
     
    #60     Jun 21, 2020