Why waste your time?

Discussion in 'Trading' started by Euler09, Nov 22, 2017.

  1. jinxu

    jinxu

    I have some brain damage too. Then I discovered that some people can become genius from brain damage and is a real phenonmenon.



    Not suggesting you should intentionally give yourself brain damage to be a successful trader.
     
    #91     Nov 24, 2017
    shatteredx and Hooti like this.
  2. themickey

    themickey

    There will be warning signs. The market will not fall off a razor edged cliff.
    Volatility will begin to ramp up most often failing a nuclear strike on the White House totally out of the blue. Even then, knowing this market, it will go up again, wouldn't surprise me.
     
    #92     Nov 24, 2017
  3. ironchef

    ironchef

    I don't know, according to some analysts on CNBC, the warning signs have been there on and off since 2013.
     
    #93     Nov 24, 2017
  4. johnnyrock

    johnnyrock

    Having a successful restaurant probably has similar odds and I am not a good cook!
     
    #94     Nov 24, 2017
  5. sle

    sle

    You have to take those warning signs seriously! They successfully predicted 22 out of the last 4 recessions.
     
    #95     Nov 24, 2017
  6. speedo

    speedo

    :D
     
    #96     Nov 24, 2017
    murray t turtle likes this.
  7. Turveyd

    Turveyd

    Your ownly supposed to remember the ones they got right, they're kinda counting on this.
     
    #97     Nov 24, 2017
  8. Handle123

    Handle123

    I don't know anyone who has not had same or far more time spent to achieve to become consistent.

    When so many are saying 5%, I believe the 5% are at end of the year they didn't lose money, but most of the percentages are not making huge money. I an thinking 3-4% are breaking even or making under $20k, a whole lot of work to be making a whole lot less than many think. The guy who has a $20k account has a much better shot of huge percentage returns than another with 5 million account. The numbers mess with your head for one, and many will diversify which in a way loses percentages.

    I often wonder what the percentages of Hedge funds that actually hedge? Bet that figure is very low. Hedging is very expensive in terms of outlay of account funds between margins and options, options don't go one for one till expiration, but in my case, I have extreme low winning percentages in futures, so hedging is very necessary.

    I had a very good job after the military 3 year hitch, I took more a philosophical approach to trading, me against me on how to pay/play the game. I never realized how addictive this would become to not lose money. I still put in 70 hour weeks, but it all automation and seldom watch it.
     
    #98     Nov 25, 2017
    iamnewuser911 likes this.
  9. ironchef

    ironchef

    Not bad, about the same as my options win rate.:D
     
    #99     Nov 25, 2017
    murray t turtle likes this.
  10. ironchef

    ironchef

    You guessed it. According to Yahoo Finance, they mostly long FAANG to get their returns.
     
    #100     Nov 25, 2017