Why complicate things?

Discussion in 'Trading' started by trader1974, Apr 3, 2022.

  1. It's the only way I've been able to do anything in my life.
     
    #51     Apr 4, 2022
    murray t turtle likes this.
  2. deaddog

    deaddog

    Are you taking the account back to the original amount each month or are you withdrawing a set amount each month.

    Years ago Tony Oz wrote a book where he day traded stocks for a month. He withdrew any profits each Friday. I believe he was profitable each week. Don't know what he did if he had a losing week, I think he eventually went broke and quit trading.
     
    #52     Apr 4, 2022
    murray t turtle likes this.
  3. this.
     
    #53     Apr 4, 2022
  4. %%
    Good read;
    i may read my[dark book /LOL] copy again.
    Dont know what he is doing in 2022??
    In 2021, he is doing a video on dark pools routed thru IBKR.
    [GME, he disclosed \so buyer beware] I found that video by google search, tony oz trader.
    He was good about charts + cutting losses, so i guess that's still a habit. NOT a prediction.:cool::cool:
     
    #54     Apr 4, 2022
  5. deaddog

    deaddog

    Which account has the best returns?

    And of course the follow up question is why have the account that performing poorly?
     
    #55     Apr 4, 2022
  6. The trading account is better for now, but that's because I haven't focused on improving swing trading. What I wanted to do was answer the question "if I lost everything but 10K, would I need to get a job?" The answer is "No". I am currently in the process of using the same system on a longer timeframe, that will take longer to get the forward testing stats, though I expect it to be the same.
     
    #56     Apr 4, 2022
    murray t turtle likes this.
  7. trader1974

    trader1974

    Just great
    Thanks Maxinger, whenever I want to throw in the towel you make me think a little more!
     
    #57     Apr 4, 2022
    maxinger likes this.
  8. bookish

    bookish

    I did it in a month but tge army stole it from me.
     
    #58     Apr 4, 2022
    nooby_mcnoob likes this.
  9. Yes, you don't have to complicate things at all. If you consistently DCA into TSLA last few years you will be making bank. Trading is difficult because people overcomplicate things. You can make money easily if you choose to.
     
    #59     Apr 5, 2022
    nooby_mcnoob and VicBee like this.
  10. %%
    THAT's STRANGE;
    but to do that with $10k you must be debt free. Or perhaps have a budget +small mortgage+ reasonable or low property taxes/LOL:D
    I'm rereading Tony Oz short term trading[dark cover] book; he seldom did overnite trades+ swept his short account every week. But as for seldom doing overnite trades, that was just after 1999, QQQ cash ran up about >> 101%, ...307% in TQQQ, which i dont even remember if they had tqq then...................................................................................................
    Investors make million$,[billions a s a group ]by not sweeping account everY 7 days
     
    #60     Apr 5, 2022