So you don't go to meetings, manage staff, attend conferences or report to management?
The wins (and losses) of daily fluctuations are instant.
A long conversation, toilet break or lunch (which is a daily event at work) jeopardises any reaction to the market.
Suggesting an hour of research on a Monday night can earn you $600 seems nice, but unrealistic when you're locked in daily meetings with the PHB*
*Dilbert reference
Craft
Yes iknow all the theory.
I don't know of anyone or even heard of anyone
Who has actually done this or is 10/20/30 years into it.
I tell you what tech/a, i will suspend my scepticism and follow your strategy if you are in fact willing to share it with a crash test dummy! I have plenty of time on my hands during my gap year, I have some capital I could put at risk to test the strategy so lets give it a shot
I tell you what tech/a, i will suspend my scepticism and follow your strategy if you are in fact willing to share it with a crash test dummy! I have plenty of time on my hands during my gap year, I have some capital I could put at risk to test the strategy so lets give it a shot!
If it involves Technical Analysis as I assume, then I will truly have to overcome my scepticism given that I believe it has been substantively proven that TA does not work, this in itself will be a good thing to challenge the core of my world view!
If you want to discuss it offline give me a pm and i will share my email with you.
I do I know a few actually, they bought CBA shares when it float NEVER sell a single share even today
at $90, they also bought CSL and Telstra and never sold a single share with all the up and down.
tech/a - So if you make 20% a week, and you started off with 10k last february.
You'd have over 50m today.
Really?
I dont see any convincing evidence that trading leads to getting rich or retiring wealthy on anything but a random and incredibly infrequent basis. All the studies I have seen suggest the vast majority end up with net losses over time.
So you don't go to meetings, manage staff, attend conferences or report to management?
The wins (and losses) of daily fluctuations are instant.
A long conversation, toilet break or lunch (which is a daily event at work) jeopardises any reaction to the market.
Suggesting an hour of research on a Monday night can earn you $600 seems nice, but unrealistic when you're locked in daily meetings with the PHB*
*Dilbert reference
But, if you can make money from it, and you are happy doing it, then why not. Just abstain from assuming others are wrong because they don't share your world view.
But if you have a million bucks and leave most of it too rust while your work 20K hard – I think that’s dumb – you need to manage it all for the best overall dollar return.
I tell you what tech/a, i will suspend my scepticism and follow your strategy if you are in fact willing to share it with a crash test dummy! I have plenty of time on my hands during my gap year, I have some capital I could put at risk to test the strategy so lets give it a shot!
If it involves Technical Analysis as I assume, then I will truly have to overcome my scepticism given that I believe it has been substantively proven that TA does not work, this in itself will be a good thing to challenge the core of my world view!
I'm not saying it cant be done.
Clearly it can. VES is another example.
I had a great run compounding tech trader for 7 yrs 2000-2007
It was traded live for those years On Radges site and we turned $30K on Margin 2:1 at the time from BT
to $386,000 (peak $429K) over 7 yrs compounding returns. Very powerful.
There are a few I know who are still trading it and have new equity highs.
If anyone is interested its in Radges book '"Unholy Grails" Page 109-113
How do you figure that.
20% on $10K is $2000 x 52 Weeks.= $104,000
$1000 on a DAX contract---single contract is 29 ticks.
It moves approx. 80 a session on average.
I pluck a K or so a week out of it
So far this week its about $5200 all traded here in the Derivatives thread if you want to have a look.
Here https://www.aussiestockforums.com/forums/showthread.php?t=26509&page=211
This is very true there has been all sorts of studies done with brokers and their accounts.
One I saw said 90% were stagnant and the rest only a sprinkle were profitable.
The vast majority wouldn't place their Super in their own hands ---most will have it in a fund which at best covers inflation over many years.
As for the younger people they just wont have the funds to grow. Life is tough enough without blowing what little
capital you have put aside.
I know this was for Burlar
But I do.
I have a small business of 20 and my day is full on.
But my trading is now at night when my wife watches "Neighbours" Cant stand it----or any reality show!!
My trading is only an Hr or so when Im at the screen.
Your mis understanding my purpose. I've noticed the larger majority here are my target audience.
I'm suggesting an alternative---not a theory of alternation but one I know works. I and PAV are doing it---so too I'm sure are others on this site.
You don't needs wads of money and you can supplement whatever income you have in a very short time each day without a massive time investment (After you learn what your doing). Setup is a few $$s for live feeds etc.
I agree but I'm not targeting people with a million bucks.
The Young ones who are trying to move forward and those who are close to or retired who came up short!
Kris my son is a Physics PHD. I'm luck enough to be able to employ him for 2 days a week for however long this takes between other projects his company works on. The quant capability of these guys is amazing. Way way beyond me.
I'm teaching him to trade and he's teaching me what works and why.
I can tell you that your wrong about T/A Dr Bruce Vanstone also a PHD has written a lot of papers on the topic proving that T/A has an edge. We know it has an edge.
Some of Bruce Vanstone's works here http://works.bepress.com/bruce_vanstone/
So too does Howard Bandy.
My point.
Why if you had something really good would you share it with the public
Well You wouldn't and I don't (well I did with PAV).
This was without Kris.---You DONT need a Kris.
But what we are seeing in the first month is truly mind adjusting. The final aim is a bot.(Think 3 or so tiks 30-100 or more trades a session).
I'm presenting here something for those who are in the position they perhaps see as daunting.
An alternate way to financial stability. I'd argue a more practical way of attacking the markets than that which is always totted!
Hmmm, I’m wondering now if Tech wants to advocate freely what he believes passionately to be the truth or is he(and maybe others) positioning with smoke and mirrors for a commercial enterprise.
I know this was for Burlar
But I do.
I have a small business of 20 and my day is full on.
But my trading is now at night when my wife watches "Neighbours" Cant stand it----or any reality show!!
My trading is only an Hr or so when Im at the screen
How do you trade when the markets are closed?
I'm presenting here something for those who are in the position they perhaps see as daunting.
An alternate way to financial stability. I'd argue a more practical way of attacking the markets than that which is always totted!
The way I see it is this.
The companies on the stock market generate value, year in year out, they are producing earnings. Some of these earnings go to holders as dividends, some reinvested in growth (some growth investment works others doesn't, but overall the companies will grow, or even just buy back shares pay off debt etc).
Now who gets the benefit of this value generation depends on the strategy employed.
If your a buy and hold investor, owning a decent cross section of the market, and you hold through the various ups and downs, you will get the full benefit of the value generated over the years. You are guaranteed you will get a market average return.
When it comes to the traders, some by skill or luck will be able to increase the portion of the value generated they capture by jumping in and out of the market at opportune times, so may get a better than average market return, however this will be at the general expense of less skilful or unlucky traders on the other side of their bets. you will also be sharing this return with your broker.
Trading is a zero sum activity, if you're making a larger than market average return, then someone else has to be making a below average return, add to that broking costs, and it's impossible for the average person to beat the market average return.
However it is very easy, for even an unskilled investor to earn a market average return without spending any time on trading each week, simply buying and holding an index and dollar cost averaging into it, sure it's not exciting, but earning a 10% return over the years will allow them to hit their goals.
Compounding is the key, as craft and Mcglovin said.
You lost me, you are offering something, but you are not prepared to share it with anyone?
I made a genuine offer to accept the help you were posting about - and for that you just blew me off!!
I really cant work out what your motivation is for posting this thread.
You lost me, you are offering something, but you are not prepared to share it with anyone?
I made a genuine offer to accept the help you were posting about - and for that you just blew me off!!
I really cant work out what your motivation is for posting this thread.
However it is very easy, for even an unskilled investor to earn a market average return without spending any time on trading each week, simply buying and holding an index and dollar cost averaging into it, sure it's not exciting, but earning a 10% return over the years will allow them to hit their goals.
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