Ed Seykota says....

Chipmunk, I think you may be getting a bit too caught up in numeric specificity and the assumption that all trend following models are necessarily created equal or similar in respect of performance. Simply because someone like Ed Seykota reportedly said that such a return can be generated on average does not necessarily mean that, by adopting an end of day trend following approach, YOU will necessarily generate such returns on average. Unless, of course, you have already done so. Or perhaps even better? Sweeping statements are best handled with a broom. :D
 
Quote from marketsurfer:

is that from Mr. Ed or Mike Covel?

:D
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In all fairness, surf, you are the master of sweeping statements and proclamations. You leave no generalization unturned. :p
 
LOL

A bit of education for you:


1) +45%
2) -10%
2) +40%

3 year average: +25%

Ed even says have enough cash in reserve to survive losing years....

Pikers..always spoiling for a fight.
 
ETers;

"25% per day. with my Holy Grail..300% p.a. wioth $500,000+ accounts... Easy piece of cake"

Read the psots aout "Holy Grails"

So many ET have one. :D
 
There is no such thing as an easy 25% p.a., or the major financial institutions would employ a bunch of little traders, each turning this out on a set of equities. truth is, it is hard just to outperform the historical average of 7-10% p.a. in the stock market.

Your return is based on your edge first and your money management second.

No edge, and you will lose money, not make 25% or 70% p.a.

Seems like Ed had a couple of huge annual returns in the Robbins tournament.
 
Quote from TraderZones:


Seems like Ed had a couple of huge annual returns in the Robbins tournament.
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You confusing Ed Seykota with Larry Williams.

Larry Williams once made a bit over 1 million dollars in a year.

Ed Seykota sometimes got several million dollars slippage on a single trade.
 
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