It's interesting that my experience has been exactly the same as James Altucher when it comes to the reality of day trading. Yet, everyone on this board is a winner with greater than 20% annual returns. Weird, huh?
Is that why you post here?? Super funny and a deep well of fodder for the psychologists among us. LOL!
Absolutely. And if one can achieve 20%+ consistently(highly important) with such a strategy then that's amazing, longer term trading with a very high Sharpe seems elusive to me but I'm sure there are some that are doing it. However, on ET I'd say majority trade shorter time-frames as starting with $25-100k while doing trades lasting 3-6 months is not the most popular route.
What language is that? (Oh, you mean when I get pissed when some jealous fool calls me out?) The US Investing Championship info is a matter of public record. And then there is the matter of MoniResearch Newsletter. They tracked and audited about 225 programs like mine... awarding a star for "1st place in category for period". Over 5 years, I got more stars than everybody else put together. That's a matter of record, too.
I wasn't comparing results to any particular mutual fund. Like I said, trading MFs is virtually the same as trading ETFs except for the diff between real-time and EOD fills.
LMFAO. Scat had a real edge with mutual fund timing-- guys made millions with that edge back in the day. He posts evidence of his success and you scoff at him--- Totally moronic on your part--- jealousy of real success must suck, not go back to your art studio and start annotating your free charts! LOL!
No, not weird. It proofs that James never was on ET. Being here might change his statistics drastically.
Maybe you can tell us about your worldwide renown "russian" wife from Georgia. LOL. Is that why you post here?? LOL
Good for you but I'm not sure why you seemed so keen to tell me about your achievements. I have no idea who you are. If its matter of public record PM me your name? Maybe someone else got you wound up but most of the rich people I know tend to be more humble and don't need to sing their own praises, especially not on internet forums.