I'm not sure what happened to my earlier post (possibly
removed?) but I was simply stating a fact regarding costs
associated with membership and how that impacts statistics as
well.
I had stated in so many words that based upon a $10,000 trading
account, 2.3% would be a gain of $230 but with memberships costs
included ($600 for 6 months), this would actually not be a gain at
all. I think it's fair to look at this in a critical way especially
with the recent performance over 6 months of the system.
I can also state that most people that have a membership at
Breakpoint Trades are not buy and holders but traders. So the fact
that the index lost money in that period probably doesn't apply to
most here to use for comparison.
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I'm not sure what happened
SPY System Performance vs. Market since first trade
Posted by oreo on 19th of Oct 2011 at 02:07 pm
I'm not sure what happened to my earlier post (possibly removed?) but I was simply stating a fact regarding costs associated with membership and how that impacts statistics as well.
I had stated in so many words that based upon a $10,000 trading account, 2.3% would be a gain of $230 but with memberships costs included ($600 for 6 months), this would actually not be a gain at all. I think it's fair to look at this in a critical way especially with the recent performance over 6 months of the system.
I can also state that most people that have a membership at Breakpoint Trades are not buy and holders but traders. So the fact that the index lost money in that period probably doesn't apply to most here to use for comparison.