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Elliot waves goodbye to his money. (According to Ed Seykota)

Hats off for the clever remarks of ExperiencedJoe at the beginning of this thread.

3% per month on average year after year is almost impossible. It would amount to 42.58% per year not 36% (can't these elitetraders even perform the basic calculations?) Who could ever make such returns year after year?

That people don't like these kinds of equity curves is not at all surprising. Only savy investors see something in it. Most investors get impressed by safe and smooth curves without big drawdawns. Like Madoff's. That's how you attract the big money.

In my opinion one couldn't be more wrong about that.

That might indicate nothing spectacular going to happen.

I have a self developped trend following program myself with my own funds. The last two years have been rather meager in accordance with the big trendfollowers. In 2011 -1,73% and in 2012 +0,64%. So over the last two years together -1,10%. To say the truth it doesn't worry me a bit. When you...

Strange that you simply add up your monthly percentages to come to your YTD percentage.

Good thread. I'm a long term trendfollower as well. Since my equity high of April last year I had a drawdown of 34.41% per end of last month. My max drawdown in my 13 years of following this program has been 48,72%. It's not a very good feeling but there is no question of quitting. Because I...

You're probably right. I never hear succesfull traders complain about HFT.

Stops are almost the only ordertype I use. For getting into positions and getting out of them (with a loss or with a profit). And I'm profitable since many years already.

A sensible man ought to find sufficient company in himself.

I think you are right. Selling into rallies and buying corrections is not really trendtrading also. The disadvantage of this method is that the best trends you don't get into because you don't get the opportunity. And when the trend turns you are sure to get in on the wrong side.

As I read somewhere and I think it is quite true: to make money in the markets it is not necessary to know what the market is going to do, you only have to know always what YOU are going to do.

The leverage depends on with how much capital you back your trading.

The only thing I can do is be short NG. For months allready. No targets and no bottom picking for me. I wil get out when it looks like the downtrend is over and then I will have given back quite some money.

As Chicago CTA said: "I think you look like a fool. Fortunately, you can remain anonymous and nobody will know."

You're right. Not very clever indeed.

Well this is certainly not my way of trading. I always traded to get rich, not for income. I doubt wether you wil make a return in the long run because once in a while you will lose your margin (the difference between the two strikes). When that happens probably all those tiny profits will be...

The leverage is something you decide yourself. Holding ES long is not riskier than holding a portfolio of stocks.