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Friday, 04/19/2024 1:27:55 AM

Friday, April 19, 2024 1:27:55 AM

Post# of 44325
It is amazing how financially illiterate most folks are. The typical trader maybe has $10k max to invest. Most are at $1,000. A 10% annual return for $10k is $1k new money....reduced by taxes. On $1k the 10% return is only $100. That's dinner for 2 these days. Oh wait, the taxes cut that to dinner for one.

Lambo dreamers get on these boards thinking they will get 100% returns on their trades. OK, let's go to school. $10k becomes $20k on a homerun 100% trade. You made $10k....less taxes.

But disciplined $200/day on modest 2% gains (not compounded) is $1k/week on $10k invested each day. Hmmmmm. 52 weeks. $52k a year.....less taxes. Still have that original $10k seed to invest each day. Discipline with 2% scalps gets $52k. A lambo one bagger 100% trade that is as rare as whatever only gets $10k.

Today allowed 10, 15, 20% scalps. In one day! No one called top or bottom with real money invested. No one. 10% in a day is a huge win. Be thankful. Again, can't find any 10% annual return with any bank. Lambos?? Get a clue.....
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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