How did you do for 2011?

[VinMan]

I made 20% on a very small amt of money but I had to prove t myself I can be profitable. If you cant make $1 on $100 then why expect to make $1000 on $100,000. Wasnt trading that small but you get the idea.

 

[oldtime]

Quote from d08:

Assuming we are talking about short term trading.
The fact that you think trading with 10k or 10m is the same, tells a lot about you. It's not even remotely similar, you could only trade ES or a small selection of ETFs without considerably moving the price, even small amounts add up over time. That's why so many of the super-wealthy take longer perspectives, the problem of liquidity is taken out of the equation.

???what the heck did I just say? You quoted it, "unless liquidity is a problem"

I must confess, I never traded 10m

If you can't make 10% trading ES with 10m that tells me a lot about you

 

[oldtime]

Quote from illiquid:

%'s mean close to nothing when you're talking about trading, paying rent, taxes, putting food on the table with your own money.

Had my best year personally, but closed the last month on a disappointing note. Will not be satisfied with less than a 7-figure year for 2012.

what the heck is it with you kids anyway? Percentage means everything. I can make 7 figures easy in T Bills if I start with enough.

otherwise, I raised three kids from grade school to college and my highwater mark was 160k. Now that was some trading (until I finally blew up.)

 

[oldtime]

Quote from cactus_trader:

also if you trade prop going by returns in a % is kind of pointless. $50k in an account and I have million + BP, for prop guys annual PnL is the only way

yes, this is a different matter. If the 50k is your deposit, I would brag about my return on 50k. I've gotten into this with prop traders before when they belittled my measley $8.50//hr I was making trading ES on a 28k account.

So yes, if it was me, I would compute the percentage of take home after fees on the original deposit.

If you're taking home a hundred k on 50k per year, you're doing much better than me (which isn't saying much.)

 

[njrookie1]

70+% on retail account (IB PM);
low six figures;
3+ sharpe;
two dd: ~10%; ~5%

this is my 3rd year trading.

goal for 2012: mid six figures
goal for 2013: hit seven figures for the first time

happy new year!

njrookie

 

[AKUMATOTENSHI]

Quote from atticus:

That's his other problem.

You are welcome to come by my shop anytime and we can discuss the matter further. I am sure you have the time. You are being called out if you did not get the picture.

Jamais Vu
519 West Yakima Ave
Yakima Washington 98902

 

[oldtime]

Quote from AKUMATOTENSHI:

You are welcome to come by my shop anytime and we can discuss the matter further. I am sure you have the time. You are being called out if you did not get the picture.

Jamais Vu
519 West Yakima Ave
Yakima Washington 98902

I know it's not kosher to advertise on ET, but if you want to settle this matter contact www.oldtimesurveyors.com. We do both long distance and microscopic measuring. And it sounds like for this contest you are going to need both.

 

[KBaines]

The average mutual fund manager was down around 3.5% for 2011 and the average hedge fund was down in the 2% to 3% range. I guess all the winners in 2011 were at ET.

 

[oldtime]

Quote from KBaines:

The average mutual fund manager was down around 3.5% for 2011 and the average hedge fund was down in the 2% to 3% range. I guess all the winners in 2011 were at ET.

it aint that funny. I had the results I got from a mailer from Blackrock (and they have over a trillion under management.)

It was something like less than 50% beat the S&P for one year.

Less that 35% beat it two years consecutively.

And less than 15% can beat it three years in a row.

And these boys who manage these funds come from the the "best" colleges, like Harvard and Columbia.

It's hard to beat the market and almost nobody does it consistently.

Like they told me when I started, "Son, if you can just beat that long bond you will be the richest man alive."

Trading is just a job. Bragging about how much you made is about like a bunch of restaurant owners bragging about how much they made in 2011, and the failure rate is also about the same.

It really hasn't changed. If you can just consistently beat that long bond you will be the richest man in the world.

 

[d08]

Quote from oldtime:

???what the heck did I just say? You quoted it, "unless liquidity is a problem"

I must confess, I never traded 10m

If you can't make 10% trading ES with 10m that tells me a lot about you

This thread isn't specific to ES and not many here trade ES exclusively, therefore liquidity is of importance and so is the initial equity.