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Re: Buy and pray post# 32622

Wednesday, 07/25/2018 10:05:47 PM

Wednesday, July 25, 2018 10:05:47 PM

Post# of 39190
Do the math.
There are approximately 252 trading days in a year.
Lets say with $17,000, at todays price about 500shares, you get $1 in gains your increase is $500.
Trading only 200 of those 252 days the return is $100,000. Nothing weak about that.
In fact you are trading on free money after 34 trades. Doesn't matter if price goes up or down you just take your $500 intraday on the swing and stay out those days you don't get a signal.
The leverage will allow that $17,000 to provide the return no matter the stock price each day IF your signals are accurate. Or do it with $5,000 (142 shares) Some days you can get 2 trades.
Cut it in half. $17,000 generating $50,000 is hardly small potatoes or weak.
Cut the return in half again. I still like the idea of $25,000 in profits from a $17,000 investment plan. It simply depends on one's TA skill and to only focus on the math #'s and forgetting all the noise and emotion that causes most traders to make poor decisions.
It is just about trading the volatility. The ETN has no actual value.

One must understand the TA execution plan, the money management, position size and be a robot.
Not for everyone, but nothing weak about it.

The fact is most people are 1. not disciplined enough and 2. won't stick with it and and pay the time price to fully understand and master TA so they can take the final step of creating their own system of success.

All Just IMO and for entertainment purposes only.


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