Your returns are pretty good. Making 62% in 2014 and 16% in 2015 (while the market is flat) is pretty darn good. You should have investors flocking to you. Not sure how you do it unless you use big leverage.
Goal in 2015: $92k to $150k
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Your numbers are very good. Keep it up and you'll be into millions.
From the point of investors, they'll be looking at performance with at least 100k. The current investor mentality, however, is to run when they see a monthly drawdown of more than a few percent, so those occasional 9% monthly drawdowns will make them crap themselves.
Yes, you are absolutely right on the drawdown. I could mention that it was due to the mispricing on options by IB but, there were situations where I made the mistakes so that's something that I need to work on to smooth out the curve going forward.
Someone has higher return than yours, in SHORT term. I believe there is NO one who shows > 20% annual return rate like Buffet.
If there is one who has > annual 20% compounding, then he already has all the wealth in Earth, for the last 400 years. Compounding is such a hugh accumulation. Of course in case that Buffet lives another hundreds years, then he will win all the wealth in Earth, with the weapon of roughly 20% of annual compounding.
You are certainly doing very well. My question is, are you in front of your computer all day while the market is trading? Are you living off this trading account, or do you have another job with regular income? I am amazed and impressed you can generate these great returns when the market isn't doing much. How are you doing it?! What vehicles are you trading, how long are your holding periods, etc? It is so impressive! You should have many people wanting you to manage their money.
The one thing I will say is, a lot of people have more success with 100K than they do 200K, 400K, etc. The more money, the more you have to lose, and it can affect how you manage the money.
Thank you. I have several jobs in cancer lab, peer to peer lending platform, online pawnshop, coupon website. On top of these, I am launching another startup in cardboard industry.
I didn't trade much this year. YTD, I paid less than $40 in commission on $85k portfolio. Typically, I hold stocks and options for 3-6 months but my portfolio is diversified - oil, gold, insurance, tech, special chemical, and financial sectors. I learned the lesson hard on last year when I had focused positions on oil stocks which I had big losses on 4Q.
You're absolutely right that as I have higher capital, it would be tougher to manage.
Right now, I have much less positions than I used to as I'm bit concerned with the market direction.
I didn't trade much this year. YTD, I paid less than $40 in commission on $85k portfolio. Typically, I hold stocks and options for 3-6 months but my portfolio is diversified - oil, gold, insurance, tech, special chemical, and financial sectors. I learned the lesson hard on last year when I had focused positions on oil stocks which I had big losses on 4Q.
You're absolutely right that as I have higher capital, it would be tougher to manage.
Right now, I have much less positions than I used to as I'm bit concerned with the market direction.
At least I covered my loss in March... I'm still closing out positions until I feel comfortable trading again.
