Reminds me that you had asked about my current trades, which I posted. So to follow up on that, I exited MTLG today with a 6.42% gain holding it almost 3 days, exited LEND today with a 11.3% gain holding it about 7 days. I know that you're happy for me, but the point I wanted to make ties in to my previous posts about applying a technical methodology (not to be confused with technical analysis) to your trades, which you are reluctant to do and summarily dismiss accordingly, and that would be to note that by so doing, because my holding time is shorter, I've acquired gains in a few days that appear to take you several weeks or months to attain. In addition, by exiting sooner with those gains, I can reinvest my capital into new opportunities sooner, and that without new capital infusions that cost money or using cash from other sources. If you care to equate the above trade examples of an average 8.8% over an average 5 days to your hypothetical 15% in 4 to 6 weeks (let's assume your median to be 5 weeks), you'd note that on an annual basis, I'd be able to theoretically turn over my capital some 48 times at 8.8%, turning a hypothetical investment of $1000 into a bit over $57,000, while you'd turn yours over some 9.6 times at 15%, turning the same hypothetical $1,000 into $3,825. Now, if you can show me how to increase my performance, I'm all ears.
CLSR is a winner!
- Thread starter mrmarket
- Start date
Quote from Guardian Angel:
p.s. furthermore, you had once stated that you had a journal that got closed but after going through ALL of your post I see no evidence of such. YOU ARE STARTING TO BECOME VERY SUSPECT.
I'll see you on Monday. 9:30am EST in the Index Futures thread.
this is the thread that was closed:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=21955
As for trading Index Futures, I've posted several times about that fact that I believe market timing doesn't matter. I never try to "time" my trades. I buy stocks that will outperform the market. Since, in the long run, the markets are upwardly biased, when I consistently beat the market, I come out ahead.
Good luck staring at the screen...I'd rather use my brain to make money.
Quote from axeman:
Notice that he STILL has not ever posted his actual percentage
returns per year? Gee, I wonder why?
It would be too embarrassing for his Wharton degree
Mr. Ivy league apparently doesn't have enough brain power
to do such a simple calculation
You have egg-FRAUD all over your face Mr. Market.
peace
axeman
GMS has already done this calculation, which was a reasonably close approximation based on the data available on my website.
Again YOU ARE WRONG!
The post indicated in the above thread are ALL after the fact representations of hypothetical trades that were supposedly made at the above referenced time periods. I DID NOT SEE ANY REALTIME POST FROM YOU!
again where is YOUR journal with YOUR post under YOU name in REALTIME?
I don't have to stare at the screen all day.
YES I do daytrade and YES I do Swing Trade and YES I do position trade as well. It just depends on what my strategy is for the day based on my own discretionary criteria.
Furthermore you claim that you do not try to time your trades but that is also WRONG! Market Portfolio theory states buy low and sell high. What is low and what is high? You buy based on the fact that you believe that the price will increase. At the point that you make that internal decision to buy you have already predetermined that it is "time" to buy now because of favorable conditions warranting to do so.
LOL.
you speak in crop circles dude.
I dismiss all the over the top invective thrown at MM, particularly since I suspect he rather enjoys it. I do agree with gms and others who have argued for some trade management, other than waiting for the 15 % target. I think it would be interesting for someone to run an alternative MM portfolio, using his picks but applying some orthodox money mangement and technical analysis, as gms has urged. That way, at the end of a reasonable period, we can see in black and white which approach is superior.
And btw, what is the problem with MM posting his picks, a privilege that every other member enjoys?
And btw, what is the problem with MM posting his picks, a privilege that every other member enjoys?
Absolutely nothing. but he bragged about how HUGE he is and that he is up on his trades therefore we ask to see some realtime calls. Who cares that he does not day trade. If you make a long-term call like romeo did about the 1050 ES top atleast we could all see over time if the call was correct or not?
mr market however post ALL of his calls after the fact.
....Hmmm I wonder why?
Well, I'm not sure I understand what you're saying. I just looked at his website and his latest buy, WSBK, is listed at a buy price of 31.50, which is the high of the day. He may not post them the second he buys, I don't know I don't follow it that closely, but for a position trader I think his entry and exit prices are fair and certainly obtainable for anyone who follows him.
Gee.... then why is it seemingly IMPOSSIBLE for you
to answer this simple question?
Why have you continued to dodge it for so many posts??
Are you mathematically incapable of calculating a simple
percentage return per year???
Simply amazing... that Wharton degree must really
be worth about as much as the paper its printed on.
peace
axeman
to answer this simple question?
Why have you continued to dodge it for so many posts??
Are you mathematically incapable of calculating a simple
percentage return per year???
Simply amazing... that Wharton degree must really
be worth about as much as the paper its printed on.
peace
axeman
I think that what everybody is saying is Forget the HYPE and just start a journal like that of :
marketsurfer
canibus
random trader
tango29
damir00
and myself. Post trades in advance or atleast possible entry points and/or working orders to buy/sell.
gotta go.
