IMUGENE CHART. TA only, page-32550

@slick

I just ran some rough numbers on trading daily compared to a long term hold. I worked on $2500 profit per trade on NEU to see how my profits would look if I had day traded as opposed to holding.

It turns out at a success rate of 72% for profitable trades. I would have had to trade more than 2250 successful trades. That doesn’t take into account any losing trades. If my 28% of my trades were break even as opposed to losses.

So effectively I’d need to trade profitably once a day for more than eleven years . Then add 28% on that time for break even trades. That’s a lot of trading. A lot of time in front of the computer.

I really doubt I would be interested enough to do that. And that doesn’t take into account 47 % that I’d hand over to Albo to buy new luxury jets .

Whereas my strategy would cost only 23.5% tax. Albo would then have to choose second hand jets or just one jet. And then Chris Bowen would have to go by bus?.