tech/a
No Ordinary Duck
- Joined
- 14 October 2004
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Re: Can we quit job and invest in stock full time ?
The whole idea is to out perform the market.
20-30% return should be relatively attainable by a half average trader.
Trade margin (Same ASX200 stocks) so your leveraged around 2:1 so thats a 60% return.
Starting capital is the key and $100K would be far to small.
What sort of business would you be able to buy for $100k---not a lot.
$300-500K would make the maths more viable.
Continued drawings to live and the tax issue of 3-50% depending on how your structured all eat into return.
This method was designed and tested with data from 1995-2001 market performance was less than stellar in that period.
**** Most methods designed by traders are nothing more than a set of trading rules---- This normally equates to in consistent return at best and failure at worst as traders follow blindly flawed plans.
Those who properly test will have a set of numbers which show positive expectancy and a "blueprint" of tested performance.
provided the trading in realtime stays within the blueprint---then results will be as expected. if not then you'd immediately stop trading your method---In 4 yrs all is within the Blueprint.---This is the main criteria I see missing from traders plans.
Abundant in "should be's" but no definables.
Hardly---but I can see youve seen me on the parallel bars!
I really do think the answer lies in the above. ***
theasxgorilla said:
The whole idea is to out perform the market.
20-30% return should be relatively attainable by a half average trader.
Trade margin (Same ASX200 stocks) so your leveraged around 2:1 so thats a 60% return.
Starting capital is the key and $100K would be far to small.
What sort of business would you be able to buy for $100k---not a lot.
$300-500K would make the maths more viable.
Continued drawings to live and the tax issue of 3-50% depending on how your structured all eat into return.
This method was designed and tested with data from 1995-2001 market performance was less than stellar in that period.
**** Most methods designed by traders are nothing more than a set of trading rules---- This normally equates to in consistent return at best and failure at worst as traders follow blindly flawed plans.
Those who properly test will have a set of numbers which show positive expectancy and a "blueprint" of tested performance.
provided the trading in realtime stays within the blueprint---then results will be as expected. if not then you'd immediately stop trading your method---In 4 yrs all is within the Blueprint.---This is the main criteria I see missing from traders plans.
Abundant in "should be's" but no definables.
Hardly---but I can see youve seen me on the parallel bars!
I really do think the answer lies in the above. ***