Nah, he's been much more humble since he watched SAVA tumble 90 percent while short garbage puts and down another 50% as he averaged down.. I dont disagree with his overall premise..Buy and hold /DCA the SnP probably puts you ahead of 95 percent of Day traders.. But the fact is there are some very very successful individuals in the 5 percent club
That is investing for retirement. An active trader should be doing that anyway. Although you probably want someone else to manage the S&P DCA fund, otherwise you might pull the plug at the bottom of a panic selloff. Even Jim Simons who can beat the S&P puts excess capital in long term stock investments. And gets scared when it looks like there is going to be a big sell off.
I assume you have not posted any trades yet because you are waiting for the big setup to alpha strike?
Although discipline and patience is good. He seems to have abandoned the original game plan already.. Maybe the new plan is better than the old plan. But the original plan was based on '6 years of futures trading and 1 year of intense day-and-night work' so why drop it?
Merry Christmas, this is the so called barbell strategy indicated by Taleb in antrifragile, and recommended ages before in the intelligent investor. 90 per cent strict risk management 10 per cent speculation, or even dan zanger suggestion of starting with maxumum risk for the first 2 tickers in the right moment with low capital Of course can be in your case 5,3 per cent or 15 but does not matter, having such an amazing average you are going to be stronger after this game because you are going to press the button and adjust your average 2 1 risk reward with maniacal focus. Good luck.
More so after paying income tax. Now imagine another situation where the tax year ended with very high profit, but before the return is filed and the taxes are paid, money is lost in a losing streak. Not all tax jurisdictions have loss carry back.