Discussion in 'Trading' started by jonbig04, May 8, 2008.
I made 25% in the last two weeks... do i win?
thats awesome bro. if only we can hold on to our gains right?
People with small accounts like to talk about their percentage winnings. Up 29% sounds good, but on a $10k account it's not too big a deal.
People with large accounts like to talk about their dollar winnings. A $20k month sounds good but if it's a dude with $5 mill in the bank, that's pretty pathetic.
29% in any account is a big deal. the risk it took for that 29% must be amazing. I bow down to your iron stomach.
Percentage without dollar value is meaningless.
Dollar value without percentage is meaningless.
Percentage and dollar value posted as profit by someone else is still meaingless to YOU.
You do not make money, lose money, nor gain any new knowledge from someone else's profit or loss numbers.
Therefore this thread is meaningless to everyone but the OP. Just stand aside and let him have his moments of joy.
+1 on that.
Nothing screams 'amateur piker' like chest-beating about returns.
But since you're new and I suppose we were all guilty of bragging a little in the very beginning, I'm glad for you.
Bottom line: Unless you've scored enough to retire on one single trade, gains mean sh-t without consistency.
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