How many of you traders have made >10% a year for ten years?

[dmedin]

How many of IG's retail traders have beaten the S&P 500 ETF over a period of ten years?

 

[dmedin]

Have the globalists been holding you back, Tom 😢 

[dmedin]

This is a rhetorical question, because almost no retail trader outperforms the S&P 500 over such a long period.

But hey, at least they can rationalize losing money trading as part of their 'education' and 'trading experience'

[dmedin]

All the data used to calculate this is provided publicly: https://dqydj.com/sp-500-return-calculator/

Something that none of these traders will ever show you.  Because they ain't got sh!t to show  

[dmedin]

My claims (that the S&P 500 index does better than almost all traders and that most retail traders lose money whether they're long or short) are 'false' apparently, even although it says at the top of this page that 76% of them lost money in the last year and also this:

https://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P0000WA5P

[dmedin]

How many of you traders have averaged 10% per year over 5 or 10 years?

*silence*

 

[dmedin]

1 hour ago, dmedin said:

Because they ain't got sh!t to show  

😘

 

[THT]

I think you assume we all sit watching this thread 24/7 - I certainly don't and that we've been with IG for years

I joined IG in April 2020 - my main accounts are elsewhere with various other providers mainly in SIPP/ISA accounts

I know EXACTLY where you're coming from, 95% of retail traders fail, 95% of all traders fail, the 5% that make it are no longer retail traders they become professional traders in their own right and I don't mean the monkeys that work for the banks - I mean people living and trading off their own funds

Right let's do it - lets make it 20% a year

What market(s) are we trading? 

Aim is 20%

Rules are - As soon as we're UP 20% on the account we stop trading, if this happens before 31st Dec then we just STOP until 1st Jan the following year and then restart again until we make 20% then we stop, restart, stop etc

What account account size? are we using to determine risk etc and how much are we risking per trade? - I would recommend 2% 

I'll determine the rest of the rules - We'll be trading off DAILY charts to make it even more harder to achieve and rather than flood the thread with "Trade setting up here - then it fails to trigger" I'll post the chart once the trade is OPEN/LIVE and on that chart we'll have all the rules applicable to that "live" position - This will also mean that people don't blindly follow 

Now for the rest of this week I'm heading to the Lake District, so I won't be constantly monitoring this thread, nor will I be trading.

As we are nearing end of Oct and 10 full months of the trading year have expired, should we say that from now until 31st Dec 2021 we need to return 23.32%?

 

 

 

 

 

[dmedin]

22 minutes ago, THT said:

I know EXACTLY where you're coming from, 95% of retail traders fail, 95% of all traders fail, the 5% that make it are no longer retail traders they become professional traders in their own right and I don't mean the monkeys that work for the banks - I mean people living and trading off their own funds

 

As the world becomes more authoritarian, I think there is a real argument to be made for outlawing spread betting and other such nonsense aimed at retail traders.  It's self-abuse on a massive scale.

[THT]

1 minute ago, dmedin said:

 

As the world becomes more authoritarian, I think there is a real argument to be made for outlawing spread betting and other such nonsense aimed at retail traders.  It's self-abuse on a massive scale.

totally agree - It should be much more harder to open up an account

Re: the SP500 compound calc - enter the dates Jan 1949 - Dec 1966 AND Aug 1982 - Mar 2000

Work out the annualised ret + divs and you should see the same return from Nov 2016 - Mar 2034 - somewhere in that range of % returns

Markets work out a cycle of UP/DOWN sequence - to compare the DOWN sequence look at Dec 1966 - Aug 1982 AND Mar 2000 - Nov 2016 and you should see the % annual returns average for the DOWN sections

From Nov 2016 we've been in official cycle UP mode and will continue to do so until 2034 - this will allow average Joe Trader to think they are brilliant stock pickers as the market drags them up, then in 2034.........It will start to unravel for them - obviously this period will be excellent for the buy and hold investor