Cornix's TA Performance

Quote from Ol' Yella:

Yes, I agree. Sure there will be outlier performances from time to time, but those kind of returns are not sustainable. An average 20% consistently year in year out is a world class performance.

The wishful thinkers and true believers will disagree, but as you say, the very nature of the market makes most of their claims impossible.

Let's just see as it goes forward. No need to guess, we're traders, not freaking magicians or fortune tellers. :D
 
Quote from atticus:

Then why do it publicly at all?

To have a public track record of performance. But natural consistent performance, not just contest show-off and similar crap only useful to boost one's ego.
 
Quote from cornix:

To have a public track record of performance. But natural consistent performance, not just contest show-off and similar crap only useful to boost one's ego.

So your answer to my question is to repeat my question as a statement. I follow that you want a public track record.
 
Quote from atticus:

So your answer to my question is to repeat my question as a statement. I follow that you want a public track record.

Sorry, I probably missed your question. Yes definitely I want a reputable public track record. Why is that? Because I think it's a valuable asset to have for a trader who's serious about this business and ET is still one of the most serious traders communities around.
 
Quote from cornix:

Sorry, I probably missed your question. Yes definitely I want a reputable public track record. Why is that? Because I think it's a valuable asset to have for a trader who's serious about this business and ET is still one of the most serious traders communities around.

If you're truly serious about having a public trading record, you should not do it at a place where you have limited control over your content.

I highly recommend you start your own blog, website, social media (e.g. facebook, twitter), third party verification source and then just link to the content to your messages at any trader discussion forums. This prevents others from polluting your performance record with their opinions, prevents trolls and so on.

In fact, every serious trader I know that treats their trading like a business do not use a traditional trader forum as a source to store his/her public performance record.

Seriously, I've seen you quote several famous trader names before in the past. Not one of them has a public performance record at a traditional trader forum like Elitetrader.com

Public performance records at places like ET are for those that want to engage/interact with the public or for those trying to prove something to someone or for those that didn't realize other resources are better suited for performance records. Simply, a performance record at a place like ET becomes more about the conversations with others and less about the actual performance.
 
Quote from wrbtrader:

If you're truly serious about having a public trading record, you should not do it at a place where you have limited control[/i] over your content.

I highly recommend you start your own blog, website, social media (e.g. facebook, twitter), third party verification source and then just link to the content to your messages at any trader discussion forums. This prevents others from polluting your performance record with their opinions, prevents trolls and so on.

In fact, every serious trader I know that treats their trading like a business do not use a traditional trader forum as a source to store his/her public performance record.

Seriously, I've seen you quote several famous trader names before in the past. Not one of them has a public performance record at a traditional trader forum like Elitetrader.com

Public performance records at places like ET are for those that want to engage/interact with the public or for those trying to prove something to someone or for those that didn't realize other resources are better suited for performance records. Simply, a performance record at a place like ET becomes more about the conversations with others and less about the actual performance.


Yep. As I have exactly the same thinking I sure have a "backup" track record as well. :)

This thread is more a combo of truly public, scrutinized record and a demonstration of "real vs. fantasy" in relation to the old TA argument.
 
Quote from cornix:

Yep. As I have exactly the same thinking I sure have a "backup" track record as well. :)

This thread is more a combo of truly public, scrutinized record and a demonstration of "real vs. fantasy" in relation to the old TA argument.

I disagree with WR about the lack of value on elite trader. While I don't manage OPM, I have introduced multi-millions to various strategies --all the money has come from first or second degree contacts I met here on elite. Had I only had a personal site, that never would have happened. It's a complete myth about "money finding you just based on a track record". Remember, everyone looking for money has a great track record--- what makes you different, why is your strategy superior to the other top performers, will your edge continue while the money is deployed? Those are the important questions. Not past performance.
 
Quote from marketsurfer:

I disagree with WR about the lack of value on elite trader. While I don't manage OPM, I have introduced multi-millions to various strategies --all the money has come from first or second degree contacts I met here on elite. Had I only had a personal site, that never would have happened. It's a complete myth about "money finding you just based on a track record". Remember, everyone looking for money has a great track record--- what makes you different, why is your strategy superior to the other top performers, will your edge continue while the money is deployed? Those are the important questions. Not past performance.

I met most of my trading buddies (and some of them are good friends now as well) on ET, so agree with you here. It can be a source of very productive professional and general communication between traders and clearly deserves credit for that even despite the recent decline in quality of posts/threads.
 
Quote from cornix:

Those figures are NQ points/ticks (CTS doesn't use comma to separate ticks from handles), not $ figures. I use this way because $ figure is none of anybody's business and can greatly vary depending on size one trades anyway without the slightest change in a strategy/tactics.

so you had a net gain of 125 ticks or points? this would have been times the number of cars...which is what you will keep private?

so if you have a loss we will not know the magnitude of the loss?
Other than your say so we will never know if you do achieve a 20% or better yoy (which I agree is quite do able for an good active futures trader)
 
Quote from RichardRimes:

so you had a net gain of 125 ticks or points? this would have been times the number of cars...which is what you will keep private?

Correct. 1.25 points. Have to deduct commissions from that also.
 
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