I've been obsolete for years, but my traders are state-of-the-art, LOL.....and they're the ones I learn from. Happy New Year everyone!! Don
I share the views of the others in that thread. QED. Please do not make requests of me. A lot of others have asked you to contribute the basis for your remarks and, further, they, then, have offered to set you on the right track. You stopped posting. It comes down to the fact that there is no point in caring what or how you get to where you are. You will just continue to post whatever. It is logical for me to pass from now on. Continue as you wish; its your track record. 2007 is going to be a great year for a lot of people.
OK chicos ... I have skimmed this thread only because I dislike confusion ... I am only a simple boy and many of you are confusing people. Firstly, why would you contempt "beating the market"? Is this some form of vendetta for the pain that you have inflicted upon yourself because you think that you can trade! Why dont you find an instrument that you like trading; find a time frame, range or volume bar that you are comfortable with; find a method that produces a net stream of positive results; use data feeds that you can compare and rely upon; use a broker and order entry that copes with your style of trading; and muy importante, forget all this childish nonsense about "beating the market" and get on with the serious business of making money.
If you are not beating the market, then you shouldnt be trading in the first place. Its a lot less work to simply buy the index and become a buy and hold investor. If youre not beating the market, then joe average who puts money into the index each month with zero work is kicking your ass. Why in the world would you "work at trading" to make less than the non-thinking joe average investor???? Ill stop trading the day the indexes consistently beat me. Trading is far too much work to make less than the index each year.
Trading at a pace to keep even with the markets is not making any money. In general, you can gauge your purchasing power and wealth by how much moe you have compared to the increase in the markets over the years. Markets are the base line. For some reason thenFEDS and other tax the money made below the increase in the markets. So you have to take that into account too. Determining the potential to make money is a major consideration. This is the true measure for effectiveness and efficiency. I feel the 2007 will be the first year when making money relative to what is there to be made will finally get on the table. It is a little difficult to say how it will be done but it will probably happen as a consequence of a standard method of expressing the making of money.
The market's merely a baseline; unless you're trading in one of the top 3 gainers this year (Peru Lima General Index @ +187.2%, Venezuela Stock Market @+150.4%, and the Ho Chi Minh Index @ +142.6%), you should be able to beat it *relatively* consistently as long as you don't make any severely stupid moves. Many are happy with 20%, either because it's a sizable return with a lot already in there, or they took relatively low risk and still made out well...that's all perceptive to the beholder.
I have to say, you made me laugh. And at this point I bet there are many out there wishing they had been Joe Average in 2006 to get a 16% return (DIA). Investing is not that hard. Swinging not too far either, now daytrading, that's where the real games are played. Cheers.