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PureBytes Links
Trading Reference Links
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Something's wrong, the ratio of trading capital to net worth does not make
sense.
Should be at least $150k.
> -----Original Message-----
> From: Alex Andreadis [mailto:fsx247@xxxxxxxxx]
> Sent: Saturday, May 26, 2001 9:31 AM
> To: omega-list@xxxxxxxxxx
> Subject: Re: Interesting links
>
>
> I particularly liked the educational stuff at
>
> http://www.tradingrecipes.com/resources.html
>
> that was posted here a few days ago.
>
> Apart from the article on BackAdjusted futures
> contracts, I found the study "Why traders lose"
> (50 pages) an eye-opener. Some trader stats:
>
> - Avg age 52, self employed, white male
> - Mean time trading 13 years
> - Mean income of the survey respondents $109,000
> - Net worth $3M
> - Average trading capital $16,000
>
> Apparently, the average trader is quite wealthy and
> due to the small amount held in their trading account
> (relative to net worth) their trading is not really a
> serious endeavour. They're just "seeking excitement".
>
> Although the average loss over their trading history
> was -$73,000. If brokerage costs were excluded, these
> same traders would have made an average profit of
> about $59,000.
>
> I also liked the Freeburg stuff there (same link).
>
> Any other good links?
>
> Alex
>
>
>
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