jesus, what the hell are you talking about..
Grinding it out, day after day
- Thread starter lescor
- Start date
LOL 
not at this stage of my life, I wouldn't. $10 million would mean nothing to me if I had to stay in some large metro shit hole with nothing but concrete, asphalt and people piled umpteen stories high
when I was younger, sure. But now if I cannot live life doing what I want where I want, money means nothing.
Making a consistent 300K trading year in, year out is a very tough feat. Lescor, very cool of you to have posted an update.
One thing I was curious about: '12 and '13 being roughly the same in character (wrt equities specifically), what were the reasons behind the flat P&L?
A method employing a large basket of equities should have significant capacity in terms of scalability. So if it can generate 300K one year, one would think that producing 400K the next year should be achievable through additional size.
In case scalability is indeed a problem then it stands to reason that once a trader attains the skills allowing the development of a method that produces results of this consistency (If you read Lescor's journals you'll realize that he is one tenacious machine), additional methods could be developed, thereby further boosting P&L.
In short, someone with that type of honed skill is very capable of constantly expanding the range of opportunities to generate capital.
So, what were the limiting factors? If you think about this, the answer lies in the question. Clearly, there are multiple ways to continue to make more and the only reason someone like Lescor didn't make more has to be because he did not want to. I mean, there are other things in life that require lots of attention and effort. Once your money problem is solved to your liking, you move on to those things. Family being one of them.
So, thinking 300K not being "not worth it" is thinking that 300K is your ceiling. Such capped potential makes the whole exercise somehow unappealing. But in Lescor's case there likely isn't a ceiling. The man is simply content with the figure.
/Wulfrede
One thing I was curious about: '12 and '13 being roughly the same in character (wrt equities specifically), what were the reasons behind the flat P&L?
A method employing a large basket of equities should have significant capacity in terms of scalability. So if it can generate 300K one year, one would think that producing 400K the next year should be achievable through additional size.
In case scalability is indeed a problem then it stands to reason that once a trader attains the skills allowing the development of a method that produces results of this consistency (If you read Lescor's journals you'll realize that he is one tenacious machine), additional methods could be developed, thereby further boosting P&L.
In short, someone with that type of honed skill is very capable of constantly expanding the range of opportunities to generate capital.
So, what were the limiting factors? If you think about this, the answer lies in the question. Clearly, there are multiple ways to continue to make more and the only reason someone like Lescor didn't make more has to be because he did not want to. I mean, there are other things in life that require lots of attention and effort. Once your money problem is solved to your liking, you move on to those things. Family being one of them.
So, thinking 300K not being "not worth it" is thinking that 300K is your ceiling. Such capped potential makes the whole exercise somehow unappealing. But in Lescor's case there likely isn't a ceiling. The man is simply content with the figure.
/Wulfrede
if i were able to make $200k/year trading, then i would not be working for the man.
as it were..
as it were..
i bet lescor is trading at a level now where the marginal cost in terms of pain of the next unit of risk, equates to the marginal benefit he receives from the next dollar earned.
at a certain point, what IS the point?
at a certain point, what IS the point?