1000 trades whould raise my confidence that the system works tremendously, but but but... these trades better be spread across all types of market situations. If for example, all 1000 trades occured between 1998 and 2000, and they were all long, I wouldnt put much stock in them. If they are spread out evenly between 1990 and 2006, and did fine in bear markets, I would feel a lot better about it.
he's making 35% a year. He could shorten his trades from a year to a quarter and make 35%. 35% a quarter is 330% a year. Do you know how much profit a month (one trade a month) you have to make to make 35% a year. Tell us the PF if you can.
Thanks again, DragonTrader. I greatly appreciate it. BigHog: Thanks for your rather useless post. I never said I trade news. I said I read and follow a lot of news to get ideas, then do my research and go on my merry way. Regarding fundamental vs. technical, pick the method that works best for you. At the end of the day, the stock market is somewhat of a gamble. A perfect company could fire all its employees and shut down - what can you do about it? And don't give me bs examples of Enron and Worldcom. It's not as though TA is always right. Next time, if you don't have anything worthy to add, just ignore the post and go troll somewhere else.
It's A LOT more than Warren Buffet has been able to return, which has averaged LESS than 30% per year. So why aren't you ahead of him on the Forbes list, Jackass? Tell us if you can.
It isn't hard to beat the market... What too many people find hard is taking a string of losses, so they bail out of the trading game... If you can take a string of losses calmly, you can beat the market...
Ditto... Success in the markets requires analysis, discipline, and courage. However good you are at all 3, will determine your overall success. Whatever deficiencies you have in your trading, the market will expose your weaknesses.