Originally Posted by BayMoWe335
Really, no. I just know beating the market consistently is one of the hardest things in human history and wanted to make that point. Reading here, a lot seem to beat it.
If you are trading with a 7 figure portfolio, more power to you, but you are in the minority. Being up 63% is impressive too, but you and I both know that isn't sustainable, the norm, or anything close. This business requires to preserve capital and live another day. I simply don't take enough risk to be up nearly that much, honestly. I tip my hat to you for the month.
Yes, I have 6 figure trades as well. My point was (and you know this because of your portfolio) that the amount of capital invested is directly related to your risk tolerance...unless you are trading with someone else's money. Sure percentages are an equalizer, but they can be misleading if someone has a $1,000 portfolio versus a $1m.
Anyway, don't mind me. You are a smart guy and clearly are doing something right. Keep It up.
Maybe I'm just bitter I sold aapl too early or that I still have a significant long position in financials.
I hear you brother. I'm bitter for sleeping in today, such a dumb mistake! I was down -12% after waking up, read your post, so grouchiness might have come through my post.
I did understand your point, I just read it the wrong way. I thought you were discouraging small traders from trading/contributing, because that entrepeneurial spirit to learn finances is something I love fanning into flames.
Understandably, I'm frustrated at the moment trying to decipher this see-saw action from the last week. Hrmm. Right now it looks like the bulls may be making a push upwards to break 1335, and maybe the markets will rally to 1350-1380 before pulling back (like R0wr suggested). I almost thought we'd lost momentum after SPX futures hit 0.5% retracement level and got rejected from 1346 after the spanish bailout failure. Any ideas you have on direction? With a large investment portfolio yourself, you should contribute more!
I still think if we had to breakout to the upside, the spanish bailout and futures moves were the best time for it. Why re-try almost a week later? Possible backtest before fallout?