Quote from mrmarket:
Me too. I think I have a proven successful method that makes lots of money. I never said that the methods espoused by others were not successful. However, when some ET people view my unbelievable success, they feel the need to shoot me down. Weird.
I really don't think of investing as a personal thing nor a personality thing.
I review your total effort and it reads clearly like it can only last so long. You continually added money to it to keep it rolling. Then you periodically restart it. Your methods really keep you very happy at a level of success that you deem to be super or something.
I have never had a ROI such as yours. As a short term investor we are in different worlds. I trade also. Again it is a different world.
I requested that you use GAAP of something like that so your success can be placed in the spectrum of successes many many different methods enjoy.
Phoenix says I take potshots. My suggestions to Mr market made to get the missing information added.
No one here thinks for a minute that mr Market is suggesting compounding 53 trades @12.65%. He knows full well as does everyone else that he is running the trades in parallel and not in series. as a Wharton student, were he one of mine, I would clearly understand that he knows how investing works. My focus with him were he in a class, would be to encourage him to do an excellent job of expressing stuff. He does a cut and paste now
on FA late in value runs.
The couple of years he has spent getting his method off the ground still requires restarts when it fills up with long term holds of the stock subset he uses. He expanded his portfolio by a factor of 4 or 5 to get to 15 streams to prolong the time between restarts so far. Lately he is beginning to recognize standard practices that many many people suggest to him here.
He does not like older, academics probably as a result of his Wharton experience. That is not my concern. The orientation he has to me is normal I think. The orientation of phoenix to me is expected and consistent with his view of the markets and his trading methods.
When Mr market becomes a comprehensive recorder and reporter of his methods it will benefit him more than anyone else. when he first posted, there were six improvements that he could make to move to more efficient money making processes; he is using restarts so far as a way of not using any of these alternative conventions. Thats fine with the world I am sure.
I look at the pairing of a market and an investor. Then I look at the respective efficiencies and finally how each combines with the other. Mr market is not efficient as we all see. He picks a difficult market modus to extract capital form as we see also.
It looks like the driving force in his efforts is just like that of phoenix. They have strong drives. I am an old softy. I let the market dictate to me and I obey it's suggestions. I am not a tough guy and I really am not taking potshots.
Mr Market's streams of capital get cycled as others reported here. Now he is running 15 streams in parallel. He has a job he prefers to investing full time. I think he is making a strong effort at this point. Because he targets two things: 4 to 6 week holds and 15% profits, he requires of himself that he select a new pick everyother day in order to keep his streams running. That, for me, is the only place he has bragging rights if and when he starts doing what his plans call for.
It think he has set a goal that is not possible. The reason is that he cannot make any bad picks. It has a zero tolerance for mistakes at this point or he will have to continue his restart approach which has prevailed over his plans so far for three years.
This looks like a dilemma to me. phoenix is a sideliner vis a vis substantive comments. Most of the harsh persons here are "wait and see" types who carp mostly. ET is not a place of civility. It seems that this lack of civility is very common among members. Who cares really. This apparent dilemma is a learning place for me mostly. I comment for many reasons. I advocate for are sharing of responsibility between the market and the investor/trader. Anyone who steps over the line and usurps the market's responsibility, derives the consequences. Targeting in time and price and predicting are the three most offensive aspects of this abrogation. It makes the dilemma a serious difficulty to deal with.
