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

lawrence-lugar said:
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.)
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There's a lot to be said for this pov.
 
lawrence-lugar said:
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.)
More...

But not everyone looks at it as a game, some value the numbers in your bank account. Making tens or hundreds of millions is very hard with only your own funds, the best cycle seems to be:
own funds (proof to attract funds) -> OPM -> own funds (after reaching 8-10 figures).
 
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
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Again a thread with a guy with "amazing performances"... OMG. Again and again same stories...
You got your answer in your question. If you were confident about your method, you will not ask for the "next step". You will just compound your own money. Period.

CM
 
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lawrence-lugar said:
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.)
More...


In all sincerity, that is why you will never make it. This was made very evident to me when a close friend sold a company for over a billion dollars of which he pocketed several $100 million--- he was 28 and I asked him if he was going to quit, retire and enjoy life. He responded by saying NEVER--- that is the passion needed to succeed even to stage one in this game called life.

That comment has stuck with me and made me realize the truth about the way things are.



surf
 
The problem is that consistent performance is a myth for 99.9% of all market participants. Sure you will have winning years and multi-years-- but then things change and if you don't change you will LOSE as much as you have won over time-- that's why changing is critical.
 
marketsurfer said:
In all sincerity, that is why you will never make it.
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That's ridiculous. o_O
Not everyone has a goal or needs to make 10+ million to be happy, or content...some people are very modest.

I come from humble beginnings/values...so compared to most people...I only need a relatively small amount.
Extract whatever amount you need from the market...then be happy and live your life as you please.

Make it aggressively, then once you have your bundle...you can be much more conservative/safer in your trading/investments.
 
lawrence-lugar said:
That's ridiculous. o_O
Not everyone has a goal or needs to make 10+ million to be happy, or content...some people are very modest.

I come from humble beginnings/values...so compared to most people...I only need a relatively small amount.
Extract whatever amount you need from the market...then be happy and live your life as you please.

Make it aggressively, then once you have your bundle...you can be much more conservative/safer in your trading/investments.
More...

That may be true, but the problem with your thinking is that you have no passion or drive--- folks that do shoot for 10 or 100 million plus often end up with just a million (your goal) Your goals are so small, you are fortunate to get to where you are now

Just trying to help

surf
 
lawrence-lugar said:
Man, are you trying to rile me up on purpose...or is that just your natural charming personality? :confused:
...who are you to tell me i "have no passion or drive".
you don't know me, my story, my history.
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You are right. I really don''t know and don't mean to upset just motivate to higher ground.

surf
 
Last edited:
@"Do compounding your saving" => Thanks for this wonderful advice but thats what I do and if I open this topic, its simply that I want to do something else. Meet others traders, hire people, go faster etc.

@"Manage other people money" => Any more specific advice ?
 
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