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Outperforming the S&P 500
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Outperforming the S&P 500

  #11 (permalink)
Site Administrator
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Fadi View Post
Great return bro!
Keep it going

This year is more normal in the sense it came from lots of small gains. Last year TSLA crushed it out of the park and helped push me to stellar gains. I don't have such luck this year, so far.

Mike

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  #12 (permalink)
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Gross...

I do. BUT, net I do not.

Net of trading expenses I just miss. Taxes are the item the honks my horn...lol. That said, I am well short of expectation.

Mike, that is a really good number, congratulations man.

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  #13 (permalink)
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Great topic as it points to how to succeed in trading, i.e., through consistency and controlled trading. Great numbers everyone glad to see the community is doing well in their businesses.

Also @wldman I think all of us feel your pain on the taxes. For me battling the operating expenses keeps me honest in terms of running my business to at least match my monthly cost. Tax of course comes into play as well and causes my face to wince when I work it out. Lol saying that tax management is a key topic for measuring my take home so I do periodically review how to best manage my tax burden (for newer readers/traders out there I'd definitely recommend seeking professional advise from an accountant on how to best structure your business to save you money).

Thanks.

Sands.

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  #14 (permalink)
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wldman View Post
Mike, that is a really good number, congratulations man.

Runaway bull market, I'm just on the right side and hanging on (or have been). I am looking to get off the bull pretty soon though, at least catch my breath and see what's next.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #15 (permalink)
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wldman View Post
Taxes are the item the honks my horn

My figures are gross. I do my best to not dwell on taxes too much, or I would give myself a heart attack every quarter when writing the god forsaken fucking check.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #16 (permalink)
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This poll reminds me of the thread https://futures.io/psychology-money-management/18247-what-reasonable-return.html

"What is a reasonable return?"

I'm on here too much

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  #17 (permalink)
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gtrader62 View Post
Basically... its the volatility in the market.

If the market is moving, and your on the right side of it... profits and how much you can milk...is reasonable.

There are times....when the market is stagnate... and profits stagnate.

Selah.

Take what the market makes available, when its there.

Interesting point, I found that's true also but down to how well I can trade consolidation compared to impulsive markets. For me I found my trading improved when I started to write a separate game plan for each type of view. Since then I've seen it average out in performance. Any one got any comments on how well they perform in each situation. E.g., Summer is supposed to be flatter in volume terms, are you guys usually making less during flatter markets?

Sands.

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  #18 (permalink)
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Continuation of topic, new poll

Did you outperform the S&P 500 in 2014 (11.4% return)?

Total votes: 274
 


Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #19 (permalink)
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Big Mike View Post
Continuation of topic, new poll



Mike

I did beat the benchmark in 2014 but it was a series of changes to my approach to the markets that I think positively affected my performance. I only beat it by a few % after costs, but it was significant for me as a trader. So heres to beating the benchmark in 2015!

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  #20 (permalink)
Market Wizard
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2014 was an extremely good year for me. Well above 11.4%. Best year ever dollar wise and 2nd percent wise in 16 years.

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