BWolinsky Trading
- Thread starter bwolinsky
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I'm just trying to raise money to trade, and, at 1% make a nice quarterly fee with an incentive to get a cut of the profits.
I think we're losing sight of the fact that it doesn't matter how much money I have to trade with. It's there, and this thread I didn't really want to be about how to raise capital for trading a system.
Mostly I wanted it to be a log of my results, so I can come back and read the thread whenever I want. I don't have to worry about losing it, and I have a pretty public place to share my thoughts.
We're selling off as I had hoped for, and I anticipate a rally to the end of the week starting after today. Liquidity will always be a net plus to the markets, both bonds and equities.
Sorry bwolinsky, but you got your ass totally handed to you on this thread, and I must say, you completely deserved it.
I was crining last night at the beat down you were getting from the Board members, but nobody in their right mind believes an untested developer of ATS is going to get millions of dollars of funding when he doesn't even have a track record (and if you do have one where you're trading real money, please post it, it's what we've all been waiting for, LOL).
And that line about "your system being down because it was the market was down" as well as the way you're constantly juxtaposing mutual funds with derivatives when talking about your performance shows that you really don't know shit about trading, regardless of whatever certifications you might have garnered along the way (newsflash, those things only matter to people that you're trying to hustle for money!).
Maybe next time you'll just mind your own business and STFU instead of trying to drob bombs on neke's thread while simultaneously tooting your own horn, because the more you talk, the worse it gets!
I was crining last night at the beat down you were getting from the Board members, but nobody in their right mind believes an untested developer of ATS is going to get millions of dollars of funding when he doesn't even have a track record (and if you do have one where you're trading real money, please post it, it's what we've all been waiting for, LOL).
And that line about "your system being down because it was the market was down" as well as the way you're constantly juxtaposing mutual funds with derivatives when talking about your performance shows that you really don't know shit about trading, regardless of whatever certifications you might have garnered along the way (newsflash, those things only matter to people that you're trying to hustle for money!).
Maybe next time you'll just mind your own business and STFU instead of trying to drob bombs on neke's thread while simultaneously tooting your own horn, because the more you talk, the worse it gets!
Mandy, re-read the thread. Pairs trading is what was funded, and there is a track record on c2 with verifiable statements for the person interested.
They won't let me post where you can find the track record. Do some digging. Don't you think people ask those questions, and they've been answered? I wouldn't come on here and lie about that.
Yep.
Sounds like an exercise in paper-trading if ever there was one.
In the future make sure you let people know that you're actually just a guy who develops ATS and paper-trades them when you roundly criticize people who put real cash on the line (oh yeah, you want other people to put their money on the line with your sytems).
LOL, this Board hasn't lost any of its charm over the years.
take it with a grain of salt but could it be that you sometimes attempt to reason with people who really can't be reasoned with?
In the end you are your own judge I just think you really waste your time treating this guy with a level of respect he clearly does not deserve. I mean a guy claiming to be running millions and citing C2 as his point of reference. And J.H....and...and...and. From previous posts I take it he has put in serious time on backtesting ideas and the like but everything he said points to the simple fact that he never found what he was looking for and he now lives in this imaginary world of managing funds for others with a system he even believes by himself it spots decent risk numbers. I still fail to see where he wanted to get to with this thread but he just mentioned its for his amusement, which means he is wasting everyone elses' time. I was hoping for some valuable discussion of ideas/strategies/system design, wrong place...
Have fun guys.
In the end you are your own judge I just think you really waste your time treating this guy with a level of respect he clearly does not deserve. I mean a guy claiming to be running millions and citing C2 as his point of reference. And J.H....and...and...and. From previous posts I take it he has put in serious time on backtesting ideas and the like but everything he said points to the simple fact that he never found what he was looking for and he now lives in this imaginary world of managing funds for others with a system he even believes by himself it spots decent risk numbers. I still fail to see where he wanted to get to with this thread but he just mentioned its for his amusement, which means he is wasting everyone elses' time. I was hoping for some valuable discussion of ideas/strategies/system design, wrong place...
Have fun guys.
Mandelbrot is correct. Everything about you is a contradiction.
* You're not pairs-trading. There is no combination here, so it's as far removed from pairs/stat-arb as you can possibly get.
* The system hasn't made a dime in >18 months.
* You backtest systems on WealthLab. Systems of questionable provenance.
* You attempted to BS the C2 crowd by "selling" the QID/QLD shit for $8.5MM. A system in which you have no client trade stats listed on your system summary. IOW, not one client thought enough of your system to auto-trade it. Not one. You offered subscriptions to QID for $5.
* You approach a small commercial lender for $5MM and post here with the inference that $5MM was agreed upon. In fact, you have no $-commitment. You've stated you were managing millions, then it was 100s of thousands.
The average quant fund has dozens of systems in the market at any moment in time. Microstructure stuff would sell, but you're selling some curve-fitted Px-model. Your backtest doubled while your C2 was flat. Your best-bet is to manage as an RIA and build a track-record in lieu of posting this delusional shit in an attempt to prove it is otherwise.
Beau Wolinsky, can you detail to me how you applied for this venture loan as well as how the lender responded, as well as the time frame taken from first application to the point you are at right now...
what I'm looking for are:
*the documents that were requested from you by this particular lender. (not just the initial ones they say on their website, ALL of them)
*how long it took the lender to put this together after receiving all docs
*after putting "this" together the lender sent you a preliminary document... what was the NAME of this document?
All these answers can be googled or pulled from their site, but there's a trick in here that will tell me if you're being honest, or Beau-shitting
If you can answer these questions correctly, I will have a couple more questions for you which will determine if you really even applied, and got to the stage you're claiming to be at. I'd like to believe you because I'm a positive person, but you mentioned some things that don't fit within the way venture capital operates.
what I'm looking for are:
*the documents that were requested from you by this particular lender. (not just the initial ones they say on their website, ALL of them)
*how long it took the lender to put this together after receiving all docs
*after putting "this" together the lender sent you a preliminary document... what was the NAME of this document?
All these answers can be googled or pulled from their site, but there's a trick in here that will tell me if you're being honest, or Beau-shitting
If you can answer these questions correctly, I will have a couple more questions for you which will determine if you really even applied, and got to the stage you're claiming to be at. I'd like to believe you because I'm a positive person, but you mentioned some things that don't fit within the way venture capital operates.
I'll be posting the real VWAP fills from PTQQS, the C2 fills, and the bid and ask when the order was submitted to determine efficiency.
The cash cow from bwolinsky is the only paper trading portion of this thread currently. But I would wager since it's live that the results will be positve, but it's a question of how positive.
Why don't we discuss Superbands then?
The first portion of this system was written in WL4 years ago now.
All Trades Long Trades Short Trades Buy & Hold
Starting Capital $1,000,000.00 $1,000,000.00 $1,000,000.00 $1,000,000.00
Ending Capital $39,691,064.40 $39,691,064.40 $1,000,000.00 $20,100,831.69
Net Profit $38,691,064.40 $38,691,064.40 $0.00 $19,100,831.69
Net Profit % 3,869.11% 3,869.11% 0.00% 1,910.08%
Annualized Gain % 26.96% 26.96% 0.00% 21.48%
Exposure 7.60% 7.60% 0.00% 105.44%
Total Commission ($425,568.00) ($425,568.00) $0.00 ($2,133.18)
Return on Cash $0.00 $0.00 $0.00 $0.00
Margin Interest Paid $0.00 $0.00 $0.00 $0.00
Dividends Received $0.00 $0.00 $0.00 $0.00
Number of Trades 26,599 26,599 0 99
Average Profit $1,454.61 $1,454.61 $0.00 $192,937.69
Average Profit % 1.43% 1.43% 0.00% 956.62%
Average Bars Held 2.00 2.00 0.00 3,241.46
Winning Trades 16,436 16,436 0 85
Win Rate 61.79% 61.79% 0.00% 85.86%
Gross Profit $76,530,527.75 $76,530,527.75 $0.00 $19,265,889.10
Average Profit $4,656.27 $4,656.27 $0.00 $226,657.52
Average Profit % 4.53% 4.53% 0.00% 1,123.88%
Average Bars Held 2.00 2.00 0.00 3,387.94
Max Consecutive Winners 157 157 0 26
Losing Trades 10,163 10,163 0 14
Loss Rate 38.21% 38.21% 0.00% 14.14%
Gross Loss ($37,839,463.35) ($37,839,463.35) $0.00 ($165,057.41)
Average Loss ($3,723.26) ($3,723.26) $0.00 ($11,789.81)
Average Loss % -3.58% -3.58% 0.00% -58.87%
Average Bars Held 2.00 2.00 0.00 2,352.14
Max Consecutive Losses 100 100 0 2
Maximum Drawdown ($4,372,887.94) ($4,372,887.94) $0.00 ($18,379,600.92)
Maximum Drawdown Date 11/20/2008 11/20/2008 1/13/1994 11/20/2008
Maximum Drawdown % -11.90% -11.90% 0.00% -66.19%
Maximum Drawdown % Date 9/21/2001 9/21/2001 6/22/2009 10/7/2002
Wealth-Lab Score 312.62 312.62 0.00 6.89
Sharpe Ratio 1.48 1.48 0.00 0.77
Profit Factor 2.02 2.02 0.00 116.72
Recovery Factor 8.85 8.85 0.00 1.04
Payoff Ratio 1.27 1.27 0.00 19.09
What's the biggest flaw? Number of trades. Far too many trades for anybody handle. It would require a lot of effort to automate the thing, and off the shelf technology isn't even available for such a simplistic system of buying at 5.5% below the 10, 1.5 bollinger band in 0.25% lower increments ten times and selling on the open.
http://wl4.wealth-lab.com/cgi-bin/WealthLab.DLL/editsystem?id=50128
Sharpe wasn't bad, and that test is since 1/1/1994 so it's definitely statistically significant.
Public system. Never traded it, though.
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