1.2^50 = 9100.438 = 9100 times. 1) 1.2^4 = 2.0736 / It takes roughly 4 years to make it double. 2) 1.2^10 = 6.191736 / If one keep annual 20% for the first 10 years, then it will be 6.2 times. However, most does NOT satisfy those.
People come into trading expecting to make >1000% a year but reality is that 10% would be a fantastic achievement for most.
Much worse if you pay short term cap gains taxes due to trading. You really have to crush the index to make trading worthwhile due to taxes in the US.
Hello Robert. I haven't watched the video, just reading your post. Nice work. Do not be discouraged by the comments of some. Looks like you are doing well. Some members of this site speak as if it is a crime to want to make money with a skill you put 15 years into developing. Whether you prosper from your skill using your money or others is irrelevant. Do you think the huge hedge funds use only their capital? Obviously not. I would also say that many of your haters can't produce 54% in a year in their own trading. People in the business of making money trading do not give away their strategies. Not JPMorgan or any of the like. There are members of this site with amazing and invaluable input and knowledge of trading. I read through the threads and take in so much. There are also those here that you should ignore.
Thanks for your support. One of the reasons for this thread is to give the top traders a chance to prove themselves by showing their returns. It is possible that some people on this forum have created credibility for themselves without proving performance. My learning curve was slow because I would never fully commit to anyone's advice unless I saw their portfolio making money (I never saw proof of a profitable portfolio from the so called gurus so I was always very cautious). So far unfortunately I have not found anyone on this forum show their returns. I am possibly the first. Maybe you or someone else can show me in some other thread? Even if you are down on the year it is possible to make a come back, maybe that is what is happening with most traders and they are waiting to post?
It's fairly safe to assume that essentially 99% of traders are not profitable, or fruitfully profitable -- Hence, there's nothing to really show or prove. That's just the sad reality of this trading world. If you held a gun to the heads of everyone on this forum to show you their returns...I bet my suspicions will come close, or confirm so.