Totally, I get my head screwed on right from time to time, then it's taking candy from a baby, rest of the timew exact opposite. Difference being I take my setups which generally work, or i fail and trade against my own setup then generally lose. Kick this I'm retired pretty quick, will I ever long term keep head screwed on right ?
it's 'hard' to make 1000%/year returns every year with your $10,000 opening balance. new and greedy traders want to make 10X their money in one year.. leverage 95% once you reach $1 million in your trading account, daytrading isn't feasible anymore. and even swing trading isn't feasible i
Disagree. The larger the account, the more lots you can trade per position to keep returns the same. It is all proportional, PROVIDED THERE IS ENOUGH LIQUIDITY in the instruments you are trading, that is. And if you think day trading and swing trading with $1,000,000 is not feasible, then you are saying that trading with $1,000,000 is not possible, period, because that is all there is. Day and swing (and position, but I think they are basically the same). So you are relegating people with more than $1,000,000 to simply investing. This is faulty logic.
you only have few stocks to 'swing trade' your nuts to put 1 million in one stock or one securities. your spread or loss is immediately 10,000 loss the moment you make trade trading futures or stocks if you position is 1 million, you know what i'm saying. the spread is way more than $1 in stocks and futures it's even more. the spread is too much for high frequency trading with accounts or positions of more than 1 million. portfolio managers don't trade or swing trade stocks. you know what i'm saying ,the 'slippage' is too much. for some stocks, you are the market.
It took me a while to figure out that trading isn't so much about mastering the markets or any sort of technique but is almost all about mastering yourself. It took plenty of pain for me to finally accept that fact.
Age brings Experience Experience brings Knowledge Knowledge "can" bring Wisdom You never hear of " a wise young Owl" !
Now, if one reads your post it is short and sweet, and straight to the point. What is important is that you have summed it all up in a few lines..no need to write a book about it! Mr Lugar made one valid point, about squares! The big question is, why do so many become squares, as the things they do and say would make any sensible person laugh, or cry!
Recently, I read a short article about how the markets have "changed", which meant that with the recent Fed news, etc, we should have seen a sizeable move down, which of course did not happen yet! This fuels the belief that the markets are going nowhere but up! Now, some people will react to such news and make trading or investing decisions based on this and other such news. What is wrong with this?