I remember that times when I short on gold and make %1250 in 6 monthes it was amazing but it was more amaizng to lost all next 1,5 years ))) İdea is not based on 3-6 monthes idea is keep going on long run. Why Warren Buffet is known by all world, I made and I am sure many others made more then him his avarage if I am not wrong %20 or someting, but he did it for 50 years. It is a way everyone who want to see end will pass al that way but as you keep going you are going to see ground is not all the way grass sometimes covered with with ember...
I've been trading for years. My strategy is based more on men like Ed Seykota, I'm not a buy and hold investor, I'm a trader in the markets. You don't go bust in the market because you made bad calls. You go bust in the market because you don't manage your capital correctly. "...A man can make a fortune if he's but 2 or 3 times correct in his speculations, if he but knows how to cut the losses he accrues when he's wrong." I'm not a big hitter, my average win is 10% of my account, my average loss is 2% of my account. Do I sustain bigger wins and bigger losses. All the time. I'm not in this to be rich on paper, I'm in this to be rich in capital. The difference between someone like John Paulson and Warren Buffet is if someone banned Hedge Funds tomorrow, and holding companies, John Paulson would be worth 5 to 7 Billion dollar. If however someone did the same to Warren Buffet, and the companies he had lost value, he'd lose value equally, since he's not cash rich, he's rich in stock ownership. I work to grind out money from the market in a slow, methodical, and accumulative way, while managing the downside. I don't make big plays. When my account was 12,000 I didn't go and by 3 Mini-Dow contracts, I traded one, and that was pushing. I didn't get 20 mini-corn contracts, I traded 5, and that was the perfect amount of risk. As my account grew my risk grew. When I bought options for stocks, I would use 5% of assets, or 600 dollars at the most, today, I use 1,800 dollars worth of assets. My account grows, how much I allocate grows, my risk and market exposure stays the same. I trade corn and soy bean futures, mini-gold, dow-mini, USD.JPY currency, and a host of stock options, varying my market exposure. Sorry to hear about that time in six months you raised your account up %1250 trading Gold, you must have been hugely leveraged and then lost it all throughout a year and a half. I hear that story a lot. Keep trying, figure out what you did wrong, and what you did right. Odds are you violated the first rule. Don't Lose Money. My first goal in any trade I put on is where do I know I'm wrong so I don't lose any more money than I have to. Losing money is part of the game, losing a dollar more than you have to is what makes you broke.
Mini Dow isn't being my friend, spiked and gave a sale signal, (I hate spikes just for this reason, they skew my risk reward, dropping 100 Points from the sell signal, with no formed base is my set-up for disaster. When it works, I make tons, but, I get sold out of 50% of these break out triggers. Today was one of those days. Another -40 points, two days, two intraday sell signals. The last time it happened was right before the rally break out. I got sold out of my position, told to go long, told to go short, told to go long again. -55 points (I'm at minus -75). Account total loss, down 3% in the last two weeks of trading since the rally settled down.
13% draw down so far for the last 2 weeks of trading. Don't travel and trade, missed too many good opportunities that didn't cover the bad ones.