I just wanted to get a read on 2020 trading results. I am a longtime lurker here, and fallen into and out of love with trading over two decades. I blew out two sizeable accounts, one in the Asian Contagion days of 1998 (borrowed money!!). And, another $20K account with the horrible timing of 2008. I put trading and any hopes of ever making it away for over a decade, promising my wife that I would never do it again. But, a few years ago I got the itch again and really began to pursue it with a new passion. I have developed and honed a methodology in options and futures options that showed promise. I paper traded live and documented and journaled everything for over a year. And, finally put live money in when I sold a piece of real estate earlier this year. Well, after over 20 years of struggle, frustration, and even agony over lost money, I have FINALLY turned the corner. It has been a long and lonely journey, and I probably should have given up, but I never did. I am posting this to say, it is possible! You can do it, too! $40,000 in profits since September. I am going all the way with this and have a newfound outlook on life and what I hope to give to my family. Happy New Year! And, thanks to the many fantastic threads and traders on ET over the years that have called out to me over the pages of this site. It helped me eventually get there...
Doing okay, crushing it, then tweakimg system fast or lower to suite conditions then when they change sucking briefly before fixing then back on crushing it, not rich yet this year has a shot, but likeky 1 after.
S&P 500 has been good to us despite everything. Hope the addition of Tesla won't change it in the new year.
Yes. Now when you wash you face before the sleep and raise up the head, to look in the mirror, you see your most trustful ally in those eyes. Doesn't get better than that. A validation from thyself. ******* If one sits down at the table, with people like that, who overcame odds, wouldn't that be a modern version of Knights of the round table. Davos (?)
This has been my best year ever as a trader. Looking forward to 2021. Most of my gains from Swing Trading. Now, adding Trend Following to try and build more wealth in the process.
ok... i did really well up to the tech bubble burst in 2000 and then lost it all back within 18 months... did well during the financial crisis and kept profits this time... but it took time to realize what was happening and i didn't take advantage like i should have. because of these two events, i recognized the value of the covid crisis and this year was my best year in 10 years. cheers toucan
Congratulations! Keep it up, and remember discipline all the time. For me it was an average year. I met my income goals, but missed quite a few stock plays that followed past plays after crap hits the markets. An example is the hit FEDEX took, bringing it down to around 90. I jumped on that as more of a swing trade that would give me a long term position also. I took the first partial at 250, and a little more before this last earnings, the rest is going to be a long term hold. There were a lot of companies that I identified, but didn't pull the trigger on that have since doubled or tripled. One of those, not necessarily on a pullback was TSLA. It has the mania of the late 90's going for it, and yet I kept talking myself out of an outright position. I did one small call buy, but even that should have been played better. It was a distracted year for me. The wife has some health issues, and Covid added to my worries for her health. I also hit burnout and took a bit of time off when I could have been working. Oh well, again congratulations, and keep it going!