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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (712)11/16/2000 9:55:17 PM
From: BoyTrader  Read Replies (2) of 74559
 
New to this thread, but if I may interject here.

Advanced age and years of experience are not absolutely necessary to project the "coming financial collapse". However, I do see Joshua's point: a 25 year old swing trader with no formal financial background (a liberal arts history major, no less) claiming that our econony and financial markets are on the verge of collapse. In any event, you may be right. I don't know. You may be a genius, a prodigy. The next George Soros. Again, I don't know. We will soon see if your crystal ball is correct.

In the meantime, in order to dispel (to some degree) your naysayers, perhaps you may want to enlighten them on your yearly returns for the last 3 years. I would be most interested in your year to date ROI. Further, if you don't mind, you could give us an idea of the kind of dough you are slinging around. Its certainly easier to claim a 400% return by turning $10k into $50k. In fact, many idiots have done just that. But turning $2M into $10M (using personal funds) this year would have been quite a feat.

Make no mistake, a good return this year while swinging a decent line does not mean that one is qualified to predict a financial collapse, but at least we would know that we are listening to someone with decent skills as a trader and good financial savvy.

I can certainly understand if you do not want to provide such information. First of all, its personal and private information. Second, most traders who own a subscriber-based website don't want to provide such details, since in most cases, it can only do harm and not improve their subscriber count. Third, most traders who own a subscriber-based website are not good traders and need the income from paying subscribers to keep themselves and their families well fed.

Regards,

The Boytrader
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