Poor people who place 20% in non-daytrading will end up 20% poorer. Poor people should never trade in any way. Trading you do with money you can afford to lose.
If you want real results, you need to get real. That means experience, hard work, and structure. No more dreaming of triple digit gains with 10k accounts. I analyze multiple frameworks of time, and excluding IRA’s, only run intraday systems. Here is a YTD comparison of my returns: Buy/Hold portfolio w/rebalancing- +15% Intermediate/Swing portfolio- +18% Intraday portfolio- +28% That’s the reality. You need money and patience. If you’re looking for 280% gains with 20:1 leverage, ruination is right around the corner in the form of drawdown and/or possibly margin calls/liquidation.
You can try backtesting this, similar to random entry and exit: Buy SPY @ open and sell @ close the same day. At the end of each year, total up your gain/loss. You will find in most years you are profitable. I did that simulation and found it profitable. However, netted a loss due to commissions and slippages in most years. You can also buy at open and close one week, one months or one years later and see that as you approach buy and hold your profitability also approaches buy and hold, net of commissions and slippages. Buy and sell randomly every week and every months were actually profitable most years. That is why after trying day trade, I moved to swing trade, at least in swing trade, statistics and cost of transaction are somewhat in my favor.
I would just throw darts or hire a monkey. We are clearly speaking about high tech trading. LOL. Going to random things just proofs that you are a loser as you cannot find anything that works. So you switch to gambling.
You didn’t read it, did you? I was suggesting I think I could make it profitable and I’m considering doing it just for shits and giggles. Goofball