|
PureBytes Links
Trading Reference Links
|
Those accounts are probably for entertainment only - like a weekend trip to
Vegas.
Ivo
> -----Original Message-----
> From: M. Simms [mailto:prosys@xxxxxxxxxxxxxxxx]
> Sent: Saturday, May 26, 2001 7:37 PM
> To: Alex Andreadis; omega-list@xxxxxxxxxx
> Subject: RE: Interesting links - comment
>
>
> 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
> >
> >
> >
>
>
>
|