It's not nonsense.
... then for goodness' sake, set aside part of your equity, and trade the bloody thing without question, to see how it performs in real time.
Seeking a benchmark from public comment in ASF is an academic exercise at best, and by the looks of many responses, might be calling the legitimacy of your OP into question, and/or drawing some criticism around the ego-factor. Most of the best traders in the world have systems generating long term CAGR of 30-50%, so why on earth wouldn't you look at this as a rudimentary comparison?
Such a simple question, 'please share your results' has been a huge waste of time. I wont bother posting my results in Dec, no one will believe them no matter what they are.
Yes it is. You do not have to imagine you are someone you arent, or be hypnotised, to have a positive mindset, and the words system and discretionary dont belong together. Still no rate of return given.
So at the end of the year you tell everyone your return is X%. What meaning has it got for anyone learning to trade or setting a target for themselves?
If it is a good result it just might stop them from being discouraged by idiots that post nonesense like
"If you need 150k and you reckon you can make 30% start with 1 mil should see you survive."
It might help them set a realistic target to aim for, and it might stop them from paying thousands of dollars to 'mentors' that barely beat the index.
.... So what have you offered that will help him?
.... How much I make should be of no concern to anyone.
I suggested he focus on one market, widen his time frame, and avoid lunch time. I didnt give any detailed advice because I am not a successful intra day trader.
All the positive attitude in the world is pointless and irrelevant if the maths of the system dont work. To succeed you need a mathematically sound system, first and foremost. Once you have that you need the dicipline to implement it. That's it. You dont need to wake up every day and look in the mirror and say good morning super trader.
It should be, and it is for me. If you are happy with your performance then that is fantastic. I would never criticise that. But if you arent the sort of trader that he wants to be then he shouldnt listen to you. He should only listen to people that are at the level he wants to be at. I dont take notice of anything anyone says if they arent making around 100% pa, because I know its possible and if someone doesnt know how to do it then their advice is not worth listening to, no different to ignoring a running coach if you want to be a swimmer. I also wont belittle someone if they are only making 10%, but I would help them where I could if they asked for it. And if someone says my posts are made up, like you did, then I will call them out.
"Someone told me but I didn't want to listen".
You don't need any maths at all in discretionary trading (which is what Canoz was trying to do).
I've given this example many times before. Tiger Woods could no more teach you how to hit a golf ball than fly. However Woods' coach (who is nowhere near as good), could take you a long way. So you'd rather go to Tiger. I'd rather go to Tiger's coach. The top guys in any field are very rarely good at teaching or even understanding how it is they became so good. You're wasting your time going up that road.
Then he has been gambling, he needs a system.
No no no. Tiger Woods' coach has proven himself as a coach, he has proven results so of course I would listen to him, but I wouldnt listen to the guy at the local club that wont show me his score card.
....... Canoz won't listen to me!! One day someone might. If not, I'll just continue to work on myself.
Hey now...I told you I use a trading coach, so it is possible that you idea could be discussed one day
My reasons were more numerous than only what I posted...
CanOz
Beach, there aren't too many trading equities here that would post thier results. Certainly the Prop guys aren't going to, they'd get the boot. Tech had just posted the real results of his and Pavs system. You have guppys results...go to collective2 and grab some more more there....they're for systems but it doesn't matter...
This all together should give you an idea of what is achievable at the upper end.
CanOz
Hi beachlife,
Interested to know how far back you have backtested?
I guess you're saying I need to coach someone to 100% before you'd listen.
If it is a good result it just might stop them from being discouraged by idiots that post nonesense like
"If you need 150k and you reckon you can make 30% start with 1 mil should see you survive."
It might help them set a realistic target to aim for, and it might stop them from paying thousands of dollars to 'mentors' that barely beat the index.
Thats not rubbish at all. Thats based on something that you have not got. 12 years of full time experience trading many different approaches and many different markets. You will find that just as your system is proven with consistent results and you dial up the capital you will be hit with all sorts of drags - Tax - drawdown - market change - unexpected time away from markets - low motivation - fear - system out of synic - repayments on your new Porsche etc etc. All of these and more will make what you return over one period foolish to think your equity curve will keep going in a straight line to infinity.
But its clear. You asked a simple question but will not listen to experienced answers. Who is being silly here?
As for my return I've made in 12 years everything from 800% to -10% per year. What can been seen from that
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?