get back to us when next year has flat or negative outcome. your alias fits your market experience to a T
+35% in 2009. I play mean-reversion in different time frames with holding times from minutes to weeks. I don't know how some of you generate 200%/yr year after year.
This was my first FULL year trading and I started the year full throttle and was was extremely confident I could net the minimum 100% return I need to trade for a living. Sadly, I had to learn many tough lessons, and repeated some serious mistakes again and again. I found out I had a sim account with IB this summer and that allowed me to regain my bearings by testing many strategies day after day and developing a core set of rules. So far I'm +42% on the year, which means the trading account is smaller to start 2010, I'll need to generate a better than 100% return next year, and as Pension_Admin says, places me one step closer to quitting or succeeding. Then again, who knows, maybe a windfall profit will get me to goal before the year end I wish everyone prosperity in the coming year!
With all due respect. You really should hang out with a better class of scalpers. Most scalpers I know had banner years. How a scalper couldn't print cash in August is beyond me.
Oh Puhleeze, active trading is a losers game my market experience is irrelevant. Logic dictates Passive low cost investing as a whole must be more profitable than active management. I simply choose to put the odds in my favor whereas evidently you do not. not my problem. Investing is about 90% fama & french and 10% behavioral finance.
... so pretend you invested 100% at index lows of year 2000. ten years later, how far up in Dow => SPX => NDX is your portfolio now? 100% stupidity is the case here
Good lord why do you need a minimum of 100% return in one year? You do know risk and reward are inextricably entwined don't you? I'd say demanding 100% returns each year is the perfect way to blow up.
trader21 - lots of volatility in february/march, and may/june. i didn't do as well in the first one, did much better in the second. other than that, my discipline was in waiting for my setups, and then pouncing.
We don't have to worry about NoDoji. She is really good with risk management. She has good consistent result too.