Dennis,
2.5% a day on 100k is 2500 a day, Yes I can live on that nicely too
You sure he doe this consistently? I for one would pay him to manage my funds
Mark
On 5/26/07, Dennis
Brown <see3d@xxxxxxxxcom>
wrote:
I know of more than one 1% per day method, but of
course it will not work to compound. That is not the way a true trader
does it. I know a trader who averages 2.5% per day on about 5 trades per
day on one ETF, and holds no position overnight. He pulls his profits out
and lives on them or puts them to work in longer term investments.
High rates of return only work for small investments and usually require
a lot of personal attention and pattern recognition during the day. If it
worked for large sums, or easy computer algorithms, the big boys (or hoards)
would work that angle to death and the edge would get neutralized. Once
you try to increase position sizes above a certain amount, you start to
influence the market and you have no one to play against --it takes two to have
a market. That is why large mutual funds must look to a fundamental value
model. They can not trade the technicals quick enough without kill
Dennis
On May 26, 2007, at 4:02 PM, Howard B wrote:
One percent a day.
Yeah, right.
Compound one percent a day for five years and a $1,000 trading account becomes
$278,000,000. Start with real money and own Manhattan.
(1.01) ^ 1260 = 278,567
Howard
On 5/26/07, dralexchambers <dralexchambers@yahoo.com>
wrote:
T-ohrt - the thing you
are missing is not your technical ability, but
your BELIEF and your ATTITUDE to new things.
You seem to mistrust my recommendation when in fact you nothing of
me, my level of trading knowledge, this system or my involvement with
it (my involvement is none other than my affiliate link - just to
make that entirely clear).
If you believe that 1% a month is all that is possible, that will be
your reality, and you will discount ideas that make more as trickery.
If you want trade lists, further explanations on the system I
recommended - discuss it with David, the author. It is not my job to
divulge a system that someone else owns.
However, I will say that David's system is very credible and also
very simple. I have recieved a lot of support from David and his
system opened my eyes to swing trading.
I also know of an individual who makes 1% A DAY - and publishes all
his methods and indicators for free, online.
Look for The Rumpled One at:
www.kreslik.com.
I am currently porting his work over to Amibroker on that site.
And yes, once again - it is all FREE, and you definately won't find
it in your "Beyond Technical Analysis" book.
AC