|
PureBytes Links
Trading Reference Links
|
Regarding John G.'s performance:
> He started trading 12,000 shares of msft and making money.
>
> His results last year. $250,000. Beginner's luck.
So What?
An investor would have the following results:
Buy 12,000 MSFT 1/2/97, price = 81 3/8
Sell 12,000 MSFT 1/2/98 price = 131 1/2
Net 12,000 * 40 1/8 = $481,500
Don't confuse good trading with a bull market.
As a trader, shouldn't the objective be to beat a buy and hold
method?
"I used to have a handle on life, but it broke."
|