Get long

destriero said:
My average day (solved from compounded return) in 2019 (record year) was $35K. I am a grinder in low-freq. The difference between pre/post 2018 Dest was a move into net long vol/tails.

"I am Vishnu... destroyer of counter-parties!"
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What are you your losing days like? How many in a month?
 
destriero said:
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My point is more that Ho is a cunt and a fraud, and less that I am a BSD...
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*snicker* I WARNED you it was coming! But did you listen to me, no no, you no, it's just a harmless little Ho...I ALWAYS say...(Will you shut up! *CHARGE!*)

 
destriero said:
I don't look at that. My peak to trough variance is something like 5-6%, but that's PTT. High water to max DD.
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That's insanely good stability! 6% high water to max DD variability? You could start a hedge fund and get so many buyers of it!

Look at all the suckers Cathie Woods brings in, and she has some serious issues with the PTT but they still flock to her like moths to a flame.
 
Now, as I get older and come to grips with some issues I came to the realization that I truly don't give a fuck. Once I came to grips with mortality my trading improved profoundly.

I have a paternal history of ALS. I am asymptomatic and it seems to impact my family in their late 60s. I have a decade or two of good years or perhaps I will dodge that bullet. It's why I experiment with heavy water (D2O) and other exotic therapeutics.

I don't have it. I am at risk.

Anyway, I have passed on what I know to my two oldest so that they can take over if/when the time comes. They have been doing DD and will be buying a shell fund and implementing my best stuff with their spin on it. I've funded them with half of our net liq.

No tears for me. I am fine. I am at near PB on all of my lifts so no deterioration. I have been teaching because I'd hate for whatever skills I have to leave with me.
 
Hey Dest, I think you have organize a sabatical / training getaway in the past. Do you still do that? Also, you mention sharing your skills with your kids... what age did you find they were ready?
 
NoahA said:
I wanted to comment earlier that I found this YTD stat quite interesting. I know you're trading a 7 figure account, so 52% is huge, but what I really like is that it puts into perspective the gains that you do post. Since you're mostly posting 2% gains (which are likely the outliers), it means that your distribution must be anywhere from maybe -2 or -3% to +2 or +3%. Even if you were getting just +1%, the fact that you're up "only" 58% means that you'd need only 58 days to accomplish this, or rather, most days don't break 1%.

I know this mental gymnastics sounds crazy to you, but what this shows is that most days you're grinding it out like everyone else. There have already been about 150 trading days this year, so the average is really only 0.3% gain per day. Clearly even 0.1% is huge on a 7 figure account, but its obvious that anyone expecting 2-3% per day, and thinking they can compound this to the moon, is probably in for a harsh lesson.

Is there any more detail you would like to share about the distribution of your wins/losses?
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I had a 40% day last year on > 6K index flies. My biggest day this year was 14%, but it's been harder with the Ukraine situation. My arb-trading hitting massive HRs relies on a nominal skew figure and we're on the cusp of it here.
 
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