How do you rank as a trader?

Anything above S&P alpha makes you one of the best in the world.

Most(above 50%) money managers hit or fall below that number.

If you can do that consistently, you need to form a company and try your hardest to raise capital. It isn't easy.
 
Palindrome said:
Curious on what everyones thoughts are here. I would imagine some people just look to make X $'s per year, but I'm curious what peoples thoughts are from a percentage return.
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Beat the S&P 500 index by 20% every year for 10 years, and you will be on the cover of the Time magazine.
 
Palindrome said:
Apologies if there are similar threads out there.

I'm trying to figure out what would be the top 10percentile of traders?

Are these the guys doing 80% + return on capital per year?

Is 120% per year top 2% of traders?

Curious on what everyones thoughts are here. I would imagine some people just look to make X $'s per year, but I'm curious what peoples thoughts are from a percentage return.
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I am profitable so far. But because I do not have extreme confidence in myself as a trader, I am right at the bottom of the "ranks" in my own mind. Traders can earn hundreds-of-percentage-point returns, year-after-year. But if they have a few bad years, it could change their "rank".

So to answer the question in your thread title with another question...What does it really matter how someone "ranks"?
 
SteveM said:
I would much rather have a conversation about trading with a trader who makes 40% per year but finishes every trading day profitable than a trader making 120% per year with all sorts of wild equity swings over the course of a year. Just my opinion.
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Your opinion shows you have a lot more work and thinking to be done...maybe learning how to use a calculator and perhaps a basic course in maths.
 
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