A Fund vs. Your Own Money
- Thread starter Opulence
- Start date
Quote from cornix:
Become my client and see for yourself what is fantasy and what is not. Clearly not riskier than your own trades.
Please stop. You are dealing with market professionals here,not Forex fantasy types.
You decide.
But making 20% on a small account is either absence of efforts or just poor trading. One shouldn't rationalize his/her under-performance by the fact HF's would kill for such consistent returns. HF's deal with billions, totally different story.
Trader better be honest to him/herself and not justify lack of one's own skill by others performance.
Quote from cornix:
You decide.
But making 20% on a small account is either absence of efforts or just poor trading. One shouldn't rationalize his/her under-performance by the fact HF's would kill for such consistent returns. HF's deal with billions, totally different story.
Trader better be honest to him/herself and not justify lack of one's own skill by others performance.
You are living in delusion. Any longtime real trader will agree. Not sure why you keep saying the same ridiculous thing.
Well, I see no point in shooting for 20% per year on a small account. As Cutten correctly stated, it just wouldn't cover the casual expenses.
Don't you really see the huge difference between small traders and funds and that what's great for a fund is pathetic for a small trader not limited by many factors fund is limited with?
I fully agree that traders MUST shoot for maximum gains much of the time or it just isn't worthwhile. However, I also understand that corresponding risk is also required to achieve such returns. Clearly, if I could unravel the secrets held by you and the other consistent 20% plus per year chart traders on elite, I would be poised to become an extraordinarily wealthy man. Peace. surf
No, you wouldn't become one for that exact reason I stated: scalability.
I am easily in and out of NQ on double digit contract size risking about 2% per trade (a bit more aggressive with my own money, but more or less close numbers).
Now imagine someone having to manage $1B fund. He would have to trade 400,000 NQ contracts at a clip to risk 2% per trade with 10 tick stop-loss!
Even a retarded person will say "impossible" and be absolutely right about it. Impossible for $100M fund and even $10M fund to trade the same way without changing the tactics at least to capture longer-term moves.
So there are no secrets. I perfectly understand the limits of my style and spend significant amount of time to possibly develop a truly scalable strategy for future career. So far not much success, but I never give up.