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> Buy and hold. Indexed funds. Get rich by working hard. I don't trade for the money I trade for the challenge. The money is just a point system I use to see i
by Test0129 4y ago
> Buy and hold. Indexed funds. Get rich by working hard.
I don't trade for the money I trade for the challenge. The money is just a point system I use to see if I am winning. The tone of your reply makes me think I am considering myself an expert - which I am not. I am pretty well read on various trading methodologies, the papers being produced about trading, and have quite a lot of time in seat across varying markets including most recently the futures market during the onset of COVID. After paying my tuition to Mr. Market several times I've gained some experience that makes me money.
As for pairs trading that is exactly what I did. I've done it every season for years in several markets both equities and futures, and it has absolutely no correlation with a rising or falling general market. Though I have occasionally lost money when the legs go out of sync and, being a retail trader, do not have prime execution. But alpha is alpha, and one example is enough to disprove OPs conjecture that all technical analysis is bunk.
I can't tell if you're talking down at me or not so I'll be charitable and say I think B&H is great and I do it all the time. In fact, 99% of my money is tied up in tax advantaged B&H. However, I enjoy trading like I enjoy poker. So I spend some of my money on it. It's one of the few places you can get a challenge that tasks you in several different areas and it's better than donating to yet another 501 (c) 3 with a CEO that takes down a questionably large salary.
- orsenthil 4y ago> tax advantaged B&H What is a tax advantaged Buy and Hold?
- Test0129 4y agoShoving stuff in a 401k, IRA, SEP-IRA, etc and leaving it. As opposed to a traditional brokerage account where capital gains are charged yearly. I called it that so I didn't have to list out all the different vehicles :).