It's amazing very few average double digit return. However, plenty members on here quote 100% return. Am i missing something?
Members on here are Elite Traders. We are in the top 1% of traders. 100%+ returns every year We use leverage to boost upside returns and stop losses to limit downside risk
So all the members in here are multi-millionaires, they're doing much better than Warren, any index, Narjirian brothers and any other talking head on TV. lol
Correct. Most of the day traders in ET make 10% a month, they all start with 2K account with a bucket shop, triple their money in a year. They all become millionaires in 6 years time. They no need to have any college degree,no need to know the real Math or Quant skills. They learn their skills from internet and with so called trading guru that offers the course for 5K, some of the skills are like cut your loss quick, let your winners run, looking at the 5 min chart and price actions and make up the story why the chart move up or down, volume, market depth theory, set their target and stop loss on some imaginary support/resistance, trade the system without emotion, use the golden money management technique like don't risk more than 2% or .. They all are genius !!
You forgot to add 'The trend is your friend' to that list. And 2% risk is for Pussies.. Elite Traders like to use the max risk our margin will allow us, that is how we make 100%+ returns.
Your sarcasm and jadedness and cynicism only indicates you're a failed aspiring trader ...or a trader that only essentially makes what the collective average market returns, if lucky.
You forgot to mention paper trading account. Because they do not have any money of their own living in their parents basement, and looking for millions in capital funding. There is proof in there back testing for years showing millions in profit from a 3000 paper account. They're all stomping their feet and wondering why no one will take a chance on them. Parents won't even mortgage their house.
What is this shit? I don't understand how they calculate it, because S&P 500 "average" from 2002 is quoted as 4.3%. Let's see - I recall at the start of 2001, S&P was at around 1300, lets make it 1350 for safety, while Fridays close it was 2259.53. Taking the most conservative method of calculating the rate, i.e. continuous compounding, ln(2259.53/1350)/7 is gonna give you 7.3%. That it price return, total return (dividends reinvested) will be probably in the 9 and some pennies range. If they can't calculate a return of an index over a period, how could you trust them to do anything?