Profile
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Style:
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Age:
26
Joined:
April 29, 2008
Last Sign In:
1 day ago
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Website:
I started this channel because I knew that there would be others out there who like me, would be getting laid off. I was able to approach trading full time and have been fairly successful with it. I have much room to improve, but I figured the least I can do is put out there for others to see, what has been working for me. My videos are as complete as they can be right now, so I may not add any more content, but I honestly believe you have all the information you need to trade the markets successfully.
About Me:
Country:
United States
Occupation:
Husband/Father/Trader
Hobbies:
I love trading and reading books that enlighten me in one aspect or another. I also play guitar every now and then. I love arpeggios and virtuoso stuff.
Movies:
Love Discovery, TLC, National Geographic and the sort.
Music:
Definitely love instrumental shred or progressive, neoclassical. Yngwies first album is a perfect example.
Books:
Too many to list. Trading books and I love Alan watts.
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Bob
If you made 1% on a $100k account during the 250 trading days of the year, you would end with $1,203,215.58. This would be a pretty good haul. :-) It's ironic that a lot of people who get smacked by compounding also bad mouth daytraders. Compounding works for daytraders, because we base our style of investing on not losing money. The buy and horde crowd get killed by the compounding effects of strings of losses. Remember this when you are tempted to overtrade. You don't have to make a lot of money, you just have to keep from losing money.
Anyone know what 1% / day COMPOUNDED for one calendar year is? I'm not smart enough to know.
Thanks for a great blog and for the insight. I agree, you don't need to average more than 1% or so a day to be rich, so the purveyors of trading secrets and the critics can stuff it. Keep up the good work.