+2400 % in 5 years - What's the next step ?

R

Rachmaninov

Hi guys,

I trade ag futures on my own since 2010 with an average of 90 %/year, no negative year, max drawdown at 30 % and volatility around 30 %. I have a good knowledge of both ag fundamentals and statistics. Turn over around is 1000 times/year, fees eating 10-20 % of my p&l. I hold my positions between few days and few weeks. Its partly algo/trading.
I think I could trade 3-10 m € with my current trading style.

What could be my next move ?
HF pocket ?
Prop trading group ?
Investment banks ?

Thanks,

R
 
If fees on only 1000 trades per year are eating 10-20% of your P&L your account must be small. How do you know your system will work with 3-10MM?
 
I didn't say 1000 trades. I said that my turn over is around 1000 times/year (i.e. if my a account was 1K, I would trade 1000 K notional a year)
3-10 M is mostly based on the bid/ask volumes I can see on the market I trade.
 
So call it doubling account every year, so it kinda depends on your account size ?

If it's $10,000 here, then, 20K, 40K, 80K, 160K inside of 4 years, do you need more ??

Put your account value in there ofcourse.

I'm a its working, don't change it kinda guy!
 
Rachmaninov said:
Hi guys,

I trade ag futures on my own since 2010 with an average of 90 %/year, no negative year, max drawdown at 30 % and volatility around 30 %. I have a good knowledge of both ag fundamentals and statistics. Turn over around is 1000 times/year, fees eating 10-20 % of my p&l. I hold my positions between few days and few weeks. Its partly algo/trading.
I think I could trade 3-10 m € with my current trading style.

What could be my next move ?
HF pocket ?
Prop trading group ?
Investment banks ?

Thanks,

R
More...


Quit now
 
Rachmaninov said:
Hi guys,

I trade ag futures on my own since 2010 with an average of 90 %/year, no negative year, max drawdown at 30 % and volatility around 30 %. I have a good knowledge of both ag fundamentals and statistics. Turn over around is 1000 times/year, fees eating 10-20 % of my p&l. I hold my positions between few days and few weeks. Its partly algo/trading.
I think I could trade 3-10 m € with my current trading style.

What could be my next move ?
HF pocket ?
Prop trading group ?
Investment banks ?

Thanks,

R
More...

Is your goal to scale up faster to start making bigger returns $ wise or what?
 
lawrence-lugar said:
I never really understand these kind of superhero trading success stories of people growing and compounding their account fast...

...yet, they still feel the need to work for people or manage other people's money for commission... :confused:
More...

If it's scalable, HF formation makes sense. Nothing lasts forever and taking a small piece from a big pie is better than eating crumbs. But at 90% per year, it should only take him 3-5 years to make it to 3m and after that he keeps 100% of the profits, therefore it does not make that much sense.
 
d08 said:
If it's scalable, HF formation makes sense. Nothing lasts forever and taking a small piece from a big pie is better than eating crumbs. But at 90% per year, it should only take him 3-5 years to make it to 3m and after that he keeps 100% of the profits, therefore it does not make that much sense.
More...

As far as I'm concerned...if you grow your small personal account to a large million or multi-million dollar account...you Already Won the Game of Life. or the game of Trading. :cool:

(...i personally wouldn't be interested in being a fund manager after that.)
 
lawrence-lugar said:
I never really understand these kind of superhero trading success stories of people growing and compounding their account fast...

...yet, they still feel the need to work for people or manage other people's money for commission... :confused:
More...

I am willing to manage OPM so long as I get 100% of the profits. And I want my profits before I trade it in case they don't want to pay me.:p:cool::mad:
 
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